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DEC O72001 <br /> Imo❑ Central Minnesota Housing Partnership, Inc. <br /> ■ P.O. Box 2222 • St. Cloud • Minnesota• 56302-2222 <br /> DATE: December 5, 2001 <br /> TO: Housing &Redevelopment Authorities <br /> County Commissioners <br /> Economic Development Authorities <br /> Community Action Councils <br /> Rural Development Offices <br /> FROM: Sheri Harris <br /> RE: HOME Rental Rehabilitation Program funding availability <br /> The Minnesota Housing Finance Agency (MHFA) anticipates that HOME Funds will be available <br /> for rehabilitation of rental properties in 2002. Last year the Central Region received an allocation <br /> of approximately$1.7 Million and it is expected that the funding amount will be similar to that in <br /> 2002. <br /> • Applications are currently being accepted for this program at Central Minnesota Housing <br /> Partnership (CIvII-P) offices until February 15, 2002. Counties included in the CMI{P's service <br /> area include Aitkin, Carlton, Cass, Chisago, Crow Wing, Isanti, Kanabec, Mille Lacs, Pine, <br /> Stearns, Todd, Wadena, and Wright. This program offers owners of rental property a 0% <br /> deferred loan rehabilitating their buildings. Repayment is based on project need and a five-year <br /> compliance period. Eligible building improvements include but are not limited to roofing, siding, <br /> windows, major systems updating, floor coverings, and painting. <br /> Please forward this information to interested rental property owners and have them contact me to <br /> obtain application materials needed for the Febru. 15 deadline. Applications will be evaluated <br /> through selection criteria established for the central region. Owners will be notified of the status <br /> of their project after a review of all applications is completed. <br /> As administrators for the HOME Funds in the Central Region, Central Minnesota Housing <br /> Partnership is interested in working with rental property owners to preserve existing affordable <br /> housing through the HOME Program. For further information on the program requirements and <br /> application materials, please contact Deanna or myself at 320/259-0393. <br /> • <br /> PH 320.259.0393 —A MINNESOTA NONPROFIT CORPORATION— E-MAIL cmhp810 @cloudnet.com <br /> MN TDD 1.800.627.3529 EQUAL LHO SING WEB PAGE cmhp.net <br /> FAX 320.259.9590 OPPORTUNITY <br /> Reasonable accommodations are available <br />