When Larry and Karlyn DeForrest built their home they knew they’d want to finish the basement…someday. Karlyn DeForrest says, “We built this house in 1986. We love the neighborhood.” When the DeForrest’s read about the Home for Generations II program, they knew it was just the inspiration they needed to tackle their basement project!
Their new space now includes a bathroom featuring a tile shower with glass doors, a customized bar area with quartz countertops, an entertainment/family room area featuring built-in cabinets and a three-sided gas fireplace visible from all areas of the lower level.
Karlyn DeForrest says, “We have a microwave that pulls out, a built-in ice maker, refrigerator and fireplace. The bathroom is brand new. I love the entire remodel and I’m looking forward to entertaining,"
The Home for Generations II program provides grants, rebates and low interest loans for large remodeling projects such as removing or relocating walls, complete kitchen and bathroom remodels, basement finishes or remodels, adding an addition and other home improvements.
The program at a glance:
Maximum Grant: $5,000 Minimum Project Amount: $35,000 Rebate: 50% of building permit fees Financing: 4.5% fixed up to $50,000 Architectural Consultation: $25 co-pay Income Limit: None Minimum Age of House: 20 years Availability: First come, first served
Homeowners who increase their home’s curb appeal will be awarded a larger grant than those who complete only interior projects or whose exterior projects are more maintenance-related. Find out more today! Contact Kristin at 763-767-6517 or by email.
Financing for this home improvement program is available through the Coon Rapids Mortgage Assistance Foundation. Loans up to $50,000 are available at a fixed interest rate of 4.5%.