Property Name:  	     	
	        D#:  	     	RAC #:	     	

Note: Minnesota Housing will assign the D# and the RAC#.

Date 
Sent by MN Housing	Date
Received	Date
Approved	PART I
Please submit items 2, 3, and 4 to the assigned Loan Processor at least 90 days before the projected closing date. 	
N/A	N/A	     	1 
	Environmental Review (determined by Minnesota Housing):
•	Certification Letter completed:      Yes  NA	
				Notes:      
	
     	     	     
	2 	Signed ARAC (3 originals- hard copies): Agreement to enter into the Rental Assistance Contract (RAC). The RAC has two parts, the ARAC, which is the agreement to enter into the RAC, and the RAC itself. Minnesota Housing will draft the ARAC and send to you for your signature.	
				Notes:     
	
N/A	     	     	3	Tenant Selection Plan (TSP): Complete the tenant selection plan using the 811 template provided. Minnesota Housing will review and provide feedback.  	
				Notes:      
	
N/A	     	     	4	Signed Borrowing Resolution: A draft of the Resolution must be submitted to Minnesota Housing for review. You may create your own Resolution or use Minnesota Housing’s template that is included with this checklist. If creating your own Resolution, please include the following information:
•	Authorization to enter into the Rental Assistance Contract (RAC) and the annual amount of the contract  (this amount will be provided on the RAC for the final, signed resolution)
•	Authorization to execute the RAC and Use Agreement
•	Authorized signers and their titles
•	A paragraph stating “Minnesota Housing Finance Agency is authorized to rely on the continuing force and effect of the Resolution until receipt by the Commissioner of Minnesota Housing, at its principal office, of notice in writing from the corporation of any amendments or alterations thereof.”
•	The final signed Resolution must be dated and signed within 90 days of closing. (1 signed original hard copy or a certified copy).	
				Notes:      

The following items are due after closing for capital funding, but prior to lease-up. Email Part II documents to  angelica.ruiz@state.mn.us. Hard copy originals of all signed documents must also be submitted as indicated below.

Date Sent by MN Housing	Date Received	Date Approved		PART II
Please submit the completed documents outlined in Part II at least four months prior to lease-up.	
     	     	     	5	Property Information Request Form (Xcel Spreadsheet with Rent Schedule and Lease- up Schedule for 811 units)	
				Notes:      	
N/A	     	     	6	Electronic Funds Transfer (EFT) Form  (signed hard copy and electronic copy)
	
				Notes:      	
N/A	     	     	7	W-9 Form  (signed hard copy and electronic copy)
	
				Notes:      	
N/A	     	     	8	Sample of your organization’s Move-in Inspection Form	
				Notes:      	
N/A	     	     	9	Housing Application Form: submit a copy of the housing application form that will be used at the property for tenants	
				Notes:      

Email all Part III documents to angelica.ruiz@state.mn.us. Hard copy originals of all signed documents must also be submitted as indicated below. 

Date Sent by MN Housing	Date Received	Date Approved		PART III
When the checklist items for Part II have been completed, Minnesota 
Housing will draft items 10-11 and send to you for your signature.
 Please return the signed document along with item 12 within 30 days of receipt.	
     	     	     	10	Signed Use Agreement (3 signed original hard copies): Minnesota Housing will draft the Use Agreement and send to you for your signature. Minnesota Housing will record the Use Agreement with the county once it is signed and returned.	
     	     	     	11	Signed RAC Part I and Part II (with RAC #) (3 signed original hard copies). The RAC Part I includes the following: 
•	RAC Exhibit I: Rent Schedule
•	RAC Exhibit II: iRems Data Record	
				Notes:     
	
N/A	     	     	12	Certificate of Good Standing (electronic signed copy): The Certificate of Good Standing (issued by Minnesota Secretary State’s Office) must be current and dated within 30 days of closing the RAC. The Certificate of Good Standing is required for Corporate, Partnership and LLC Owners, as well as their general partners and/or managing members.	
				Notes:      

After the above documents are completed, Minnesota Housing will sign and return the completed RAC along with the following attachments:
     	     	     	13	Attachments:
•	Minnesota’s 811 Affirmative Fair Housing Marketing Plan
•	HUD Model Lease
•	HUD Definitions
•	HUD Program Guidelines
•	Use Agreement	
				Notes: