Minnesota Housing and the Department of Human Services Adult Mental Health Division (DHS-AMHD) cooperatively offer Operating Subsidy (OS) Grant renewal applications. The purpose of the Operating Subsidy Grant is to provide operating support to ensure the economic viability of supportive housing developments that serve people experiencing homelessness.
Minnesota Housing is now accepting applications for the Family Homeless Prevention and Assistance Program (FHPAP). The program’s goal is to eliminate homelessness, reduce the length of time households are homeless, and prevent future episodes of homelessness. We anticipate $17,038,000 in grant funds for the biennium period of July 1, 2017 – June 30, 2019. The actual availability and amount are contingent upon the 2017 Minnesota Legislature’s approval. Applications are due by 4:30 p.m. on March 29, 2017.
Minnesota Housing offers amortizing mortgage loans for multifamily rental housing under both HUD Multifamily Accelerated Processing (MAP) programs Section 221(d) and 223(f), and the Low and Moderate Income Rental (LMIR) program. We provide financing for new construction, substantial rehabilitation, refinance and acquisition of multifamily rental housing through our LMIR program and the HUD MAP lending programs. These financing products are available year-round, outside the annual Consolidated RFP.
As a leading lender in affordable rental housing, Minnesota Housing works with clients to structure financing packages that meet the goals for the property and their portfolio. Review our term sheets below to help you understand the products we offer, and contact Diana Lund to discuss your financing needs.