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NEWS ALERT! ! <br /> Minnesota Homes Division <br /> MINNESOTA HOUSING FINANCE AGENCY <br /> MCPP - April 16, 1996 <br /> $17 MILLION AVAILABLE FACT SHEET <br /> The first portion of 1996 funds will be Enclosed is a Program Information insert <br /> available for reservations on April 18, 1996 and a Fact Sheet highlighting MCPP <br /> at 6.95% (APR 7.708%). Cities have policies and procedures. Check to make <br /> exclusive use of their allotments for the first sure the program information shown for <br /> SIX months of the program (until October your city is complete and accurate. <br /> 17, 1996). After that date, unused funds Corrections ? Call: <br /> will be placed in a statewide pool until the <br /> program ends on December 17, 1996. Michelle Ramos <br /> 297-5146 (Metro) <br /> Individual press releases for each <br /> 1-800-710-8871 (Greater Minnesota) <br /> participating city will be distributed to local SHARED MARKETING <br /> media by April 19, 1996. PROGRAM <br /> FUNDS USAGE <br /> MHFA will match dollar for dollar marketing <br /> expenses paid by a participation city, up to <br /> We will also provide periodic Funds Usage $300. There is $10,000 available for <br /> Reports showing both loans in process, matched expenses on a first come, first <br /> loans closed and loans purchased. served basis. <br /> REMINDER: cities that do not use at least <br /> half of their individual allotments by Eligible reimbursements include: <br /> December 17, 1996, will be ineligible to <br /> • newspaper ads <br /> apply for additional MCPP funding for two <br /> years. • television radio announcements <br /> • city developed flyers <br /> Also, you can check the overall MCPP • brochures or posters <br /> funds balance 24 hours a day by calling: <br /> • payments stuffers <br /> 612-297-4620 (Metro) • public service/cable access <br /> 1-800-657-3896 (Greater MN) broadcast expenses <br /> • other marketing efforts with prior <br /> (Individual city funds are not available by approval from MHFA <br /> phone.) <br /> • <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 />