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'it-.L- i t) 2 <br /> A ir <br /> Central Minnesota Housing Partnership, Inc. <br /> ■ ■®■ P.O. Box 2222 • St. Cloud • Minnesota • 56302-2222 <br /> DATE: December 12, 2002 <br /> TO: Housing&Redevelopment Authorities <br /> County Commissioners <br /> Economic Development Authorities <br /> Community Action Councils <br /> Rural Development Offices <br /> FROM: Sheri Harris, Housing Development Director <br /> RE: HOME Rental Rehabilitation Program Funding Availability <br /> The Central Minnesota Housing Partnership(CMHP) expects to receive approximately <br /> • $700,000 in funding from the Minnesota Housing Finance Agency to administer the <br /> HOME Rental Rehabilitation Program(HRRP). Applications are currently being accepted <br /> for this program at CMHP offices until Frida , Feb . 14 . I I Counties included in the <br /> CMHP's service area include Aitkin,Benton, Carlton, Cass, Chisago, Crow Wing,Isanti, <br /> Kanabec, Mille Lacs, Morrison,Pine, Sherburne, Steams, Todd, and Wright(excluding the <br /> • <br /> St. Cloud area). This program offers rental property owners a deferred loan for the total <br /> project costs to rehabilitate their buildings.Projects that are selected for funding will <br /> require an application fee in order to move ahead. Eligible building improvements include <br /> but are not limited to roofs, siding,windows, major systems updating, floor coverings, and <br /> painting. HRRP funding is available only to properties that meet certain rent limits and <br /> tenant income limits. In addition, projects approved for this program must agree to <br /> maintain rent and income limits for at least five years. <br /> Please pass this information to interested rental property owners and have them contact me <br /> to obtain application materials needed for the February 14th deadline. This information will <br /> be used to evaluate each project through the CMHP's selection criteria process. Owners <br /> will be notified of the status of their project after a review of all applications is completed. <br /> Because of the complex nature of the HRRP,the CMHP will set up a mandatory <br /> orientation session for all selected applicants to continue with the application process. All <br /> deadlines must be adhered to in order to be considered for funding. Applications <br /> postmarked after the deadline stated,will be considered ineligible for 2003 funding. The <br /> information being requested for the February 14'h deadline is only a small portion of the <br /> final application package. Selected applicants will be informed of all the remaining <br /> materials that need to be submitted at the orientation session. The HRRP application <br /> process is very complex and involves a great deal of paperwork. For this reason,the <br /> CMHP is requesting that only owners who are willing to work through this extensive <br /> process apply for funding. <br /> • <br /> PH 320.259.0393 —A MINNESOTA NO e ffiIT CORPORATION— <br /> MN TDD 711 E-MAIL cmhp810 @cloudnet.com <br /> WEB PAGE cmhp.net <br /> FAX 320.259.9590 Equal Opportunity Employer <br /> Reasonable accommodations are available <br />