Minnesota Housing announces the availability of approximately $22 million to fund renewals of current rental assistance programs for the term October 1, 2017 – September 30, 2019. Actual funding is dependent on the 2018-2019 Minnesota state budget and utilization of current grants. Applications are due May 31, 2017 by 4:30pm. Learn more and access the application materials.
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.