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Operating Subsidy Program
Minnesota Housing funds multi-year operating subsidy grants for properties it has financed. These grants fund the following two types of activities:
- Revenue Shortfall: funding to cover the difference between the cost of operating the housing development and rents paid by eligible tenants.
- Unique Costs: funding to cover costs unique to the operation of low-income and/or supportive housing (e.g., front desk expenses, tenant services coordination, etc.).
Funding for the operating subsidy program comes from the State-allocated Housing Trust Fund, Minnesota Housing's Ending Long-term Homelessness Initiative Fund (ELHIF) and the Department of Human Services' Housing with Supports for Adults with Serious Mental Illness (HSASMI) funds.
Funding is awarded through the Minnesota Housing's Annual Request for Proposal and an abbreviated process for current grantees; grantees eligible for the abbreviated process will be notified directly by the Agency.
2010 Supplemental Application - Closed. Not currently accepting applications.
Operating Subsidy Program Current Grantee List
Operating Subsidy Program Guide - Additional program details, including eligibility requirements and more.
Program Administration
Operating Subsidy Program Administration Overview - Program administration requirements, including form of funding and compliance requirements.
Forms
The following forms are used by the Operating Subsidy Program. Please refer to your property's grant agreement or contact Minnesota Housing staff to determine which are requirements. Please note that the property's capital financing may require additional submittals.
2010 Budget and Operating Tool
Long-term Homeless Referral Verification Form
Long-term Homelessness Self Certification Form
Government Data Practices
Contacts
Operating Subsidy Program Contacts
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