Minnesota Housing announces the availability of funds of up to $350,000 through the Young Families Rental Assistance Pilot, a one-time Request for Proposals.
Because children and youth make up nearly one-half of all people experiencing homelessness in Minnesota, this pilot combines rental assistance with services to prevent future episodes of homelessness for young families with children.
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. Feel free to review our term sheets below to help you understand the products we offer, and then please contact Diana Lund to discuss your financing needs.