Since the city tore down the ramshackle foreclosed houses there years ago, the two lots in north Minneapolis have sat empty — holes in a neighborhood scarred by the foreclosure crisis and then last summer’s tornado damage. Now, if all goes according to plan, they will be filled with two new houses next summer, with families to call them home. It’s one of several redevelopment projects to be financed through a new $1 million housing fund U.S. Bank just launched, aimed at rehabbing foreclosures in north Minneapolis and the Dayton’s Bluff and Frogtown areas in St. Paul. The Minneapolis-based lender said it had success with a similar fund it piloted last summer in Milwaukee and expects the Twin Cities fund to rehab at least two dozen houses in the first year or so. U.S. Bank’s new Twin Cities Restoration Fund will give neighborhood developers access to zero-interest, short-term loans to redevelop foreclosed properties before investors can snap them up for rentals. The fund offers developers up to $250,000. When projects are done and sold, the developer pockets the profits and returns the borrowed money to the revolving fund so more projects can be financed.