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Rental Rehabilitation Deferred Loan (RRDL)

The Rental Rehabilitation Deferred Loan Program helps owners of small to medium rental properties located outside of the five-county metropolitan area (Ramsey, Hennepin, Anoka, Washington, Dakota) to finance moderate rehabilitation of structurally sound residential rental units.

• Program Guide
• Underwriting Standards
• Architect's Guide

Application Forms and Resources

Forms and Resources for the Rural Development Preservation Initiative RFP

The Rural Development Preservation Initiative RFP application deadline has passed and applications for funding of USDA Rural Development properties are no longer being accepted at this time. Funding recommendations from the RFP will be announced on March 26, 2020.   Funding for renovations of USDA Rural Development properties should become available again in the fall of 2020.​ USDA-RD Preservation RFP Presentation Slides USDA-RD Preservation RFP Information Sheet USDA-RD Preservation RFP FAQs

Due Diligence Forms and Resources

Please see below for due diligence forms and resources.

Due Diligence for the Rural Development Preservation Initiative RFP

Staff is available to answer any questions or provide technical assistance. Please contact your assigned underwriter. RRDL USDA-RD Preservation Initiative Due Diligence Checklist Ownership Organizational Document Requirements W-9 Form EFT Form Abbreviated Design Standards Sustainability Requirements Prevailing Wage Certification Equal Opportunity Policy Statement Government Data Practices Act Disclosure Statement with Attachment 3 Bid Activity Payment Bond Performance Bond Borrowing Resolution Certification of Organizational Documents. See templates for: Certification of Organizational Documents (LLC) Certification of Organizational Documents and Bylaws (Nonprofit and For Profit Corporations) Certification of Bylaws (HRA) RRDL Disbursement Request Form Architectural Guidance

Post Loan Closing

• Loan/Servicing Request for Action
• RRDL Program Compliance Reporting and Monitoring
• Previous Program Guides

Contact Information

Cheryl Rivinius, Loan Processor, 651.296.3705