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TRI-VALLEY
OPPORTUNITY COUNCIL, INC.
The Tri-Valley Opportunity Council, Inc. is a not-for-profit, community action agency that
serves Western Marshall, Western Polk and Norman Counties. It is the
mission of the Tri-Valley Opportunity Council to provide opportunities to
individuals and communities in order to improve the quality of life. For more
information on the housing programs listed on this page as well as other
programs, please contact the Tri-Valley Opportunity Council:
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Phone:
(218) 281-5832 or 800-584-7020
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Address:
PO Box 607, Crookston, MN 56716
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Website:
http://www.tvoc.org
Minnesota Urban & Rural Homestead Program (MURL)
The MURL program uses federal HOME funds to help families seeking
homeownership. Applicants that apply must be a first time homebuyer,
and be considered at risk (an individual who has not owned a home within
the past three years, and is not able to qualify for a conventional
mortgage on their own).
If
selected by the committee, a home will be sold to the individual without a
downpayment, on a contract for deed at 0% interest. The home will be
sold at appraised value or total development cost, whichever is
less. Payments are based on 25% of the adjusted income per program
guidelines. Property taxes and insurance are escrowed and taken out
of the monthly payment.
Full Cycle Home Ownership Services Program
Home buyer workshops and counseling program that prepares potential first
time home buyers for the entire process of buying a home and becoming
successful homeowners. These services have no income guidelines, and
can be provided to anyone that is interested in becoming a
homeowner. The cost for attending this program is $15 per family and
is used to help defray the cost of materials. Funding for this
program is provided by the Minnesota Housing Finance Agency. The
training provides information on:
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How
much of a home that can be afforded
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Shopping
and qualifying for a mortgage loan
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Finding
the right home
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Real
estate transactions
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Responsibilities
of home ownership
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