The Asset Management section provides the tools to work with property managers and owners on the assessment of their properties' physical and financial health. The goal is to preserve and enhance the value of Minnesota Housing financial developments and ensure the quality of housing and services provided to the residents.
Program Guides, Compliance & Servicing
Minnesota Housing's first mortgage loans are called Amortizing Loans. Loans not in first lien position are called Non-amortizing/Deferred Loans. Find multifamily program guides, compliance and reporting forms, and servicing activities such as changes to the ownership entity, assumption, releases, consent of easement, payoff and more.
Section 8 Contract Administration
In 1971 the Minnesota Housing was established by the Minnesota Legislature to finance the construction and rehabilitation of housing for households of low and moderate income. The project-based properties in the Agency's portfolio in which the Agency is the Contract Administrator of the HAP Contract are frequently referred to as MHFA/CA properties. In August 2000, Minnesota Housing Finance Agency (MHFA) partnered with HUD to service nearly 350 Section 8 projects based developments.
Use the following Rent and Income Limits to determine your specific County or City Area Limits, which are used to comply with program guidelines.
Low Income Rental Classification (LIRC)
Rental properties subsidized under a federal or state government program or meeting certain rent and income restrictions may be eligible for a lower class rate. Find out how to qualify and certify.
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