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2012 Consolidated Request for Proposals
Apply for Funding

RFP Applications, materials and instructions
2012 Multifamily Consolidated RFP and 2013 Housing Tax Credits 
2012 Single Family RFP 

Funding Partners

In addition to Minnesota Housing, funding is available through the Greater Minnesota Housing Fund, Family Housing Fund, Metropolitan Council, Saint Paul Public Housing Agency, Minnesota Department of Corrections, Minnesota Department of Employment and Economic Development and Minnesota Department of Human Services.

Collaborating Funding Partners

To simplify the process for applicants, collaborating funding partners also use the Minnesota Multifamily Rental Housing Common Application form and align their resources with the Multifamily Consolidated RFP.  Collaborating funding partners include Hennepin County, Ramsey County and the cities of Minneapolis and Saint Paul.  Funding priorities, underwriting standards, and application deadlines may vary among collaborating partners.Minnesota Housing and its funding partners will provide an estimated $45.5 million in funding, up to $30 million in housing infrastructure bond proceeds, $11.6 million in annual Housing Tax Credits and 15 Project Based Rental Assistance Vouchers that align with Minnesota Housing’s mission and strategic priorities:   


Technical Assistance and Resources

Applicants are encouraged to review and analyze the Community Profiles, through an interactive web based tool developed by Minnesota Housing to provide data to help identify the communities in Minnesota with a potential need for housing investment and the type of needed investment.Applicants are encouraged to attend a technical assistance session to review application changes and learn about current funding priorities this round. You may register for the training online by clicking the session you wish to attend:


Individual Technical Assistance is also available on request. All Webinars will be recorded and available on the Minnesota Housing website within a few days of their recording.

Minnesota Housing Available Funding  
Amounts are estimated and subject to legislative approval or appropriations where applicable:             

Funding for Single Family or Multifamily:
Economic Development and Housing Challenge Program funds (EDHC)$7.9 million
EDHC – Indian housing set-aside$1.2 million
Housing Infrastructure BondsUp to $30 million

Single Family Funding:
2% Interim Construction Financing$2.7 million
0% Interim Construction Financing$750,000

Multifamily Funding:
Housing Tax Credits (HTC)$11.6 million
Low and Moderate Income Rental Program (LMIR) through tax-exempt and taxable bonds for first mortgage financing$20 million
Preservation Affordable Rental Investment Fund (PARIF)$5 million
HOMEUp to $8 million
 

Funding Partners Available Funding  
Amounts are estimated and subject to availability or legislative approval where applicable:    

Funding for Single Family or Multifamily:

Metropolitan Council – Local Housing Incentive Account (LHIA)$1.5 million

Single Family Funding:
Greater Minnesota Housing Fund$1 million
Minnesota Department of Corrections – Institution Community Work Crew (ICWC) Affordable Housing Building Program provides interest free, interim construction financing but only to nonprofit entities in certain areas of the state.

Multifamily Funding:
Family Housing Fund$1 million
Greater Minnesota Housing Fund$1 million
Department of Human Services – Adult Mental Health Division (DHS-AMHD) - Housing with Supports for Adults with Serious Mental Illness (HSASMI) Program Operating Subsidy$950,000
Minnesota Department of Employment and Economic Development  (MN DEED) - Small Cities Development Program (SCDP)Up to $1 million
Saint Paul Public Housing Agency –Section 8 Project-Based Voucher Rental Assistance15 vouchers
 

Application Due Dates

Applications must be received by the following dates to be eligible for funding:

2012 Multifamily RFP  June 12, 2012 at 5:00 p.m.
2013 Housing Tax Credit Round 1  June 12, 2012 at 5:00 p.m.
2012 Single Family RFP  June 19, 2012 at 5:00 p.m.
 

Proposal Selection

Recommendations for the Multifamily, Housing Tax Credit and Single Family proposal selections will be made at the Minnesota Housing board meeting on October 25, 2012.  Funding partner proposal recommendations will be made at their respective board meetings. 

Questions?

Multifamily: Kasey.Kier@state.mn.us or 651.284.0078
Single Family: Nancy.Slattsveen@state.mn.us or 651.296.7994