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MINNESOTA <br /> IrtHOUSING <br /> FINANCE <br /> AGENCY <br /> DATE: March 3, 1997 <br /> TO: 1997 Mortgage Revenue Bond Allocation Applicants <br /> FROM: Michael Haley <br /> Director, Minnesota Homes Division <br /> SUBJECT: 1997 Mortgage Revenue Bond Allocation <br /> Thank you for your application for an allocation of 1997 mortgage revenue bond <br /> authority pursuant to Minnesota Statute 474A.061. Attached is a list containing the <br /> amounts allotted to each applicant. This letter is your official notification of said <br /> allotments. This list is also forwarded to the Department of Finance, and <br /> Commissioner in accordance with the statute. <br /> Each applicant's final allocation was determined by applying a population-based <br /> formula. Pursuant to the Statute, no applicant received more than it was allowed by <br /> application of the population based formula. A minimum allocation of $100,000 was <br /> established under Statute. <br /> To request your allotment of bond authority from the Commissioner of the Department <br /> of Finance, each applicant must submit the specified fees and supporting <br /> documentation as prescribed by Statute. For applicants requesting MHFA to sell <br /> bonds on their behalf under the Minnesota City Participation Program, additional <br /> information is provided in this letter. For applicants who plan to sell bonds of their own <br /> behalf, we recommend that you confer with bond counsel. <br /> Should you have any questions regarding this allocation call: <br /> Michelle Ramos <br /> MCPP Coordinator <br /> 612-297-5146 (Metro) or <br /> 800-710-8871 (Greater Minnesota) <br /> 400 Sibley Street, Suite 300,St. Paul, Minnesota 55101 (612)296-7608 <br /> Telecommunications Device for the Deaf(TDD)(612)297-2361 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />