Minnesota Housing announces the availability of HUD Section 811 Project Based Rental Assistance (PRA) for 95 units of multifamily housing. The agency anticipates awarding Rental Assistance Contracts (RAC) to 10-12 properties for up to 10 units at each site.
The Stage One Application is required for participation in the Stage Two application. Please read the Application and Program Information for specific information about the program and eligible owners and properties.
Webinar Training Register now for a training Webinar on Stage One Application on April 24, 2014 at 10:00 a.m.
The deadline for application is 4:30 p.m. on Tuesday, May 6, 2014
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. Feel free to review our term sheets below to help you understand the products we offer, and then please contact Diana Lund to discuss your financing needs.