Section 811 PRA applicants may apply for between 4 and 11 units at each eligible property. There are two ways to apply:
Applications for new or existing properties (that are also applying for capital funding) will be accepted through the 2016 Multifamily Common Application RFP. If you intend to apply, we invite you to submit a pre-application to determine the property’s eligibility for the program. The pre-application is due Monday May 2, 2016 at 4:30 p.m.
Minnesota Housing offers amortizing mortgage loans for multifamily rental housing under both HUD Multifamily Accelerated Processing (MAP) programs Section 221(d) and 223(f), and the Low and Moderate Income Rental (LMIR) program. We provide financing for new construction, substantial rehabilitation, refinance and acquisition of multifamily rental housing through our LMIR program and the HUD MAP lending programs. These financing products are available year-round, outside the annual Consolidated RFP.
As a leading lender in affordable rental housing, Minnesota Housing works with clients to structure financing packages that meet the goals for the property and their portfolio. Review our term sheets below to help you understand the products we offer, and contact Diana Lund to discuss your financing needs.