The Parade of Homes has a proud legacy of providing homeownership opportunities for 75 years. For so many Minnesotans, the prospect of owning a home is tantalizingly close and within their means, but day-to-day expenses prevent them from saving enough to secure that initial down payment. Their dream of homeownership is just out of reach. In our continued commitment to expanding the opportunity for homeownership for everyone, everywhere in our state, we’re proud to provide the Parade of Homes First-Time Homebuyer $10K Giveaway!

FAQ:

What are the household income requirements?

When can I enter?
Entries are accepted 8/21/23-10/1/23. Entries will close at 6:00 PM CST on 10/1/23.

What can the $10K Giveaway be used for?
Grants can only be used toward the down payment or closing costs of a home purchase by a qualified, first-time homebuyer.

Why are there two types of $10K Giveaway contests?
First-time homebuyers across Minnesota need options for all types of housing – including newly built and resale homes!

What type of homes qualify for the $10K Giveaway grant?
As a recipient of the giveaway, you may purchase any newly built or existing home, including single-family residences, townhomes, twin homes, condos, and villas in the state of Minnesota.

Is there a limit on the price of the home?
Yes. Any purchase using this grant cannot be used on a home with a value of more than $425,000.

Do grant recipients receive $10K in cash?
No, the $10K grant will be disbursed to the title company to be used as part of the down payment or closing costs to the recipient’s purchase.

How long do recipients have to use the $10K Giveaway grant?
Recipients have 12 months following the drawing to close on the purchase of their home. If no home is purchased within 12 months, the grant is forfeited.

How many times can I enter?
Limited to one (1) registration per individual. Must be 18 years of age or older.

When will the drawing take place?
The drawing will take place the week of October 9-13, 2023.

How will winners be notified?
Selected recipients will be contacted directly by a representative from Housing First Minnesota.