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Rental Rehab Deferred Loan (RRDL) Program

Program Information
The purpose of the Rental Rehabilitation Deferred Loan Program is to assist owners of smaller rental properties located outside the seven county metropolitan area to finance improvements to their properties, currently occupied households with incomes less than 80% of the statewide median income. The loan is an interest free deferred loan, with a term of 10 to 30 years.   An owner may receive up to $35,000 per units for a one or two unit property, or $25,000 per unit for larger properties, with a maximum loan amount of $300,000.

The Minnesota Housing Board authorized staff to implement the Rental Rehabilitation Deferred Loan Pilot (RRDL) Program for a two year demonstration period on September 22, 2011.  The funding source for rehabilitation of rental housing is state appropriations.  The authority to develop the framework for the RRDL program is found in MN Statute 462A.05, subdivision 14, for rental housing developments.

Program Summary
RRDL Program Summary - revision coming soon.

RRDL Program Guide - Read first for RRDL Application Instructions and RRDL Administration information


Funds Available
Up to $6 million for 2012 available through a network of Local Admnistrators.
Apply to be an Administrator - Request for Proposal (RFP).  The Next RFP will be July 2012.

Loan Processing
Administrator Forms

Owner & Borrower Forms


Looking for Local Administrators
Approved RRDL Administrators - Map

Approved Administrator List


Rent and Income Limits
Rent Limits

Income Limits


Other Resources
Green Communities - Green Communites™ offers grants to help cover the costs of planning and implementing green components of affordable housing developments, as well a tracking their costs and benefits.

Minnesota Green Communities Standards

Minnesota Housing Partnership - MHP assists community housing organizations in becoming active in creating and maintaining affordable housing across the state of Minnesota.  The Minnesota Housing Partnership provides support to housing organizations through loans and grants, technical assistance, building organizational capacity and public policy initiatives.

MF Deferred Loan Rehabilitation Standards - Minnesota Housing's Rental Housing Design/Construction Standards

Rental Rehabilitation Loans (RRL) - 6% interest rate loan established to assist owners of smaller rental properties in Minnesota in financing improvements to their investment properties.

Home Participation Directory and Consortia Members

HUD HOME Entitlement Areas

Brochures - coming soon

Forms and Reports - coming soon

Participating Administrator Network List - Coming Spring 2012

Owner Compliance Monitoring - Coming Spring 2012


Program Contact
Contact Info