INFORMATION #1 03-09-2009 - Laserfiche WebLink

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iPd~®RM~Ti~~l .... ^^ ^^ Minnesota Housing Finance Agency February 27, 2009 Ms. Catherine Mehelich 400 Sibley Street ~ Suite 300 ~ Saint Paul, MN 55101-1998 ~ 651.246.7608 800.657.3769 ~ fax: 651.296.8139 ~ tty: 651.297.2361 ~ www.tnnhousing.gov Equal Opportunity Housing anG Equal Opportunity Employment City of Elk River 13065 Orono Parkway Elk River, MN 55330 RE: Notification of Minnesota Housing Finance Agency Neighborhood Stabilization Program (NSP) Award NSP Grant Agreement ID Number: 02-2009-06-NSP NSP Award Amount: $593,820 Dear Ms. Mehelich: Congratulations! Your Neighborhood Stabilization Program Request for Proposal application was approved for funding on February 26, 2009 by Minnesota Housing's Board of Directors. The execution of a grant agreement and disbursement of funds is subject to completion of contract negotiations and the Department of Housing and Urban Development's (HUD) signing of a grantee agreement with Minnesota Housing. In addition, as outlined in its NSP Action Plan, Minnesota Housing already identified projects in Minneapolis, Saint Paul and Saint Cloud through its fall 2008 Community Revitalization RFP process to receive $3.68 million through NSP. These projects will be funded under the NSP grant agreements for proposals submitted by these jurisdictions. In many cases, funding was reduced from the application amount requested, or other programmatic changes will be required prior to grant agreement execution; therefore Minnesota Housing will be contacting you to schedule a meeting to discuss the .revised proposal. The executed NSP grant agreement will have exhibits that specify revisions to your NSP program activities as they will be administered by your agency. A list of attachments that may require revision and submission with the final grant agreement is attached. Minnesota Housing staff will contact you in the near future to discuss the meeting time and place, and will work closely with you in the coming weeks with a goal to complete the NSP grant agreement on, or as close to Apri11, 2009, as feasible. Minnesota Housing will be hosting a subrecipient training in April. This training is mandatory for key NSP staff and contractors working on the program. Information will be sent once the agenda is finalized.