By Luke Bourassa
Region Development Engineer MnDOT Aeronautics 

Hangar Loan Program Provides Aircraft Storage Funding

Over 1,000 Hangars Built At Publicly Owned Airports In State

 

September 1, 2021

Photo Courtesy MnDOT Aeronautics

The Hangar Loan Program has a total capitalization of $4.4 million. The funds are loaned out to airports that demonstrate a need for hangar facilities, can be used to construct new hangar facilities, and are available for up to 80 percent of the actual construction costs.

Funding for airport projects in Minnesota comes from a variety of different sources. One of the more unique programs is Minnesota's Hangar Loan Program.

Rather than force hangar projects to compete for grant dollars with other infrastructure needs, this program provides loans to publicly owned airports to construct revenue-generating hangar facilities and provides protection for the fleet of general aviation aircraft registered in Minnesota.

The program was established by the Minnesota Legislature in 1957 and has provided funding for the construction of over 1,000 aircraft hangars through...



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