6.0. EDSR 04-12-1993 - Laserfiche WebLink

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APPLICATION FOR FUNDING • MINNESOTA HOUSING FINANCE AGENCY 1993 MINNESOTA CITY PARTICIPATION (MCPP) (BALANCE OF STATE) The following is an Application for Funding under MHFA's Minnesota City Participation Program. As opposed to providing an application blank, this request is provided in the form of an outline which includes areas and questions that must be addressed by the applicant. This has been done to accommodate the variety of word processing systems that may be used to respond to this offering. Entities responding to the MCPP should carefully follow the format in the outline and type both each area or question for which information is requested as well as a response, addressing each question in sufficient detail. Review the attached cover letter for details on program restrictions before completing this application. Final determination of the total amount of program funds available and individual allotments to be made will occur at an allocation meeting before final bond sale. Any questions may be directed to Gene Aho in MHFA's Homeownership Opportunity Division at 297-3129 or by dialing 1-800-657-3802 if calling from outside the Twin City Metropolitan Area. An application deposit in the amount of 1% of your funding request must accompany this submission. This fee will be fully refunded upon sale of the sponsoring bond issue. • Applications must be delivered to MHFA offices between 8:00 a.m., April 2 and 4:30 p.m., April 15, 1993 for funding consideration under the first phase of this program. I. ELIGIBLE Olt(;A\IZA 11O\ (a) Name and address of your organization. (b) Name and phone number of your contact person. (c) Designate a probable representative to attend the bond allocation meeting in late April or early May. (You may change your designated representative at any time before the meeting date by written notice to MHFA.) (d) Type of organization (City Department, Port Authority, HRA, or EDA). (e) Amount of funds requested, and the estimated number of loans to be provided. (f) Information on any unused Mortgage Revenue Bond (MRB) or Mortgage Credit Certificate (MCC) resources still available in your community (non-MHFA). li. ORIGINA'L I\(; L.L:\1)ER Cities must designate at least one lender who will take mortgage applications and • process loans for your program. Attach a letter from each lender confirming their willingness to partici ate jassauzgs2gram. If desired, additional lenders may be designated later in your program term.