Draw From Reserves Request

Submissions MUST be received in the same fiscal year as they are paid in order to be included in the annual distribution calculation.

		DATE:	     	
	
To:	     		From:	     	
	Minnesota Housing Finance Agency			     	
	400 Wabasha St. North, Suite 400			     	
	St. Paul, MN 55102			     	
					
	     			     	
RE:	Development		Location		
					
We request approval from the Agency to fund $                                 for improvements and/or operating cash deficits described below from the                                      Reserve(s) Account.

Summary:      

Bids were obtained from the following vendors in the amounts indicated.	
1.	     	
2.	     	
3.	     	
4.	     	
(Please identify any vendors affiliated with the management agent or owner.  Enclose copies of all bids and specifications.)	

VENDOR(S) SELECTED:	     	
		
OWNER’S APPROVAL by:	     	

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AGENCY USE ONLY

The Minnesota Housing Finance Agency approves your request to draw $	__________________ from the __________________ Reserve(s) Account.  Payment(s) for improvement(s) is subject to Agency inspection and satisfactory completion of improvement(s) described above.

Supervisor			
Multifamily Management		Assistant Commissioner, Multifamily 	

Date		Date