Bremer Bank helps Habitat for Humanity boost home ownership in Twin Cities

Bremer Bank will Habitat for Humanity boost home ownership in Twin Cities.

The St. Paul, Minn., community bank agreed to purchase and service 500 below-market mortgages approved by Habitat for Humanity’s local chapter.

Twin Cities Habitat’s impact 2020 strategic plan aims to help 500 working-class families—mostly people of color—become homeowners by 2020 with the help of the chapter's $90 million Home Loan Fund that offers 30-year fixed, below-market-rate mortgages.

Bremer Bank, a $10 billion regional bank, agreed to buy all 500 mortgages as Habitat’s sole banking partner for the fund.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Brian Peterson/Star Tribute

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