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INFORMATION �6 <br /> A Program Update � "� s <br /> � <br /> s ° <br /> • <br /> R r from the Minnesota Homes Division �r � 1� � �c fekti <br /> Hotlsi ti GiOt. <br /> MCPP 96-1 January 16, 1996 <br /> 1996 PROGRAM FUNDS 1995 USAGE REPORT <br /> Mark your calendars! Applications for Attached is the Usage Report for the 1995 <br /> 1996 program funds are due BETWEEN MCPP as of December 31, 1995. Cities <br /> February 1 and February 15, 1996. that did not use at least 50% of their funds <br /> are NOT eligible to apply for allocation <br /> Here are the changes for the 1996 under the MCPP for the next two years. <br /> program: The 1995 Program ENDS January 25, <br /> • Exclusive city allotment term has been 1996. <br /> 4) increased from four to six months. Cities may call for fund updates on the <br /> • Cities may either allow all lenders from 1995 allotment at: <br /> the Minnesota Mortgage Program <br /> lender list to originate loans, OR, 612-297-4620 (Metro) <br /> choose only select lenders from the list. 1-800-657-3896 (Greater Minnesota) <br /> • Use our marketing materials, OR, <br /> develop your own. <br /> • Another criterion was added to <br /> legislation allowing new construction in <br /> the 7-county Metro area. The city must <br /> have negotiated affordable and life <br /> cycle housing goals with the <br /> Metropolitan Council. <br /> If you would like a copy of the Application <br /> packet, call: <br /> Michelle Ramos <br /> 612-297-5146 (Metro) <br /> 1-800-657-3802 (Greater Minnesota) <br /> 400 Sibley Street,Suite 300,St. Paul,Minnesota 55101 <br /> (612)296-7613 Fax—(612)296-8292 <br /> Telecommunications Device for the Deaf(TDD)(612)297-2361 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />