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A■NECentral Minnesota Housing Partnership, Inc. <br /> • 810 West St. Germain Street Suite 303 • St. Cloud • Minnesota • 56301-4092 <br /> DATE December 16, 2003 <br /> TO: Housing g &Redevelopment Authorities _ 2 Z� <br /> 3 <br /> County Commissioners <br /> Economic Development Authorities <br /> Community Action Councils <br /> Rural Development Offices <br /> FROM: Deanna Iemrnesc n, Pru iat Manage- - <br /> 1 <br /> RE: HOME Rental Rehabilitation Program Funding Availability <br /> The Central Minnesota Housing Partnership (CMHP) expects to receive approximately <br /> $800,000 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 Friday, February 13, 2004. 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, Stearns,Todd, and Wright(excluding St. <br /> Cloud). This program offers rental property owners a deferred loan for the total project <br /> • costs to rehabilitate their buildings.Projects that are selected for funding will require an <br /> application fee in order to move ahead. Eligible building improvements include but are not <br /> limited to roofs, siding,windows, major systems updating, floor coverings, and painting. <br /> HRRP funding is available only to properties that meet certain rent limits and tenant <br /> income limits. In addition,projects approved for this program must agree to maintain rent <br /> 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 13th 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 2004 funding. The <br /> information being requested for the February 13th deadline is a pre-application. Selected <br /> applicants will be informed of all the remaining materials that need to be submitted at the <br /> orientation session. <br /> fr <br /> • <br /> PH 320.259.0393 —A MINNESOTA NONPROFIT IT CORPORATION E-MAILcmhp810@ctoudnet.com <br /> MN TDD 711 2(N <br /> OPPORTUNITY WEB PAGE cmhp.net <br /> OPPoRTUNITV <br /> FAX 320.2599590 Equal Opportunity Employer <br /> Reasonable accommodations are available <br />