Minnesota Housing and our partners are pleased to announce the availability of funding to build and preserve affordable housing across Minnesota. Total amounts available will be determined by the Minnesota Legislature and a final availability of funds notice will be distributed after the legislative session ends on May 18.
Minnesota Housing announces the opportunity for current Housing Trust Fund/Ending Long-Term Homelessness Initiative Fund Rental Assistance program grantees, with grants expiring in 2015, to apply for a renewal of funding for the term October 1, 2015-September 30, 2017.
The application deadline is Tuesday, June 9, 2015 at 4:30 p.m.
Minnesota communities across the state have varying levels of knowledge about the housing preferences and needs of Veterans living in their area. The Legislature’s 2014 Supplemental Budget bill included funding to help local communities across the state organize, plan for and implement an assessment to gain a deeper understanding of the housing and long term care needs of Veterans within their communities.
Minnesota Housing announces the availability of HUD Section 811 project based rent assistance for 85 units of multifamily housing for people with disabilities. We anticipate awarding Rental Assistance Contracts to 10-12 properties for 4 to 11 units at each site. Please read the Application Guide for specific information about the program and eligible owners and properties.
Applications will be accepted on an open pipeline basis until all 811 PRAD units are contracted.
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.