 In this eNews, you will find information about the following Impact Fund program updates. All changes are effective on and after June 1, 2022.
- Impact Fund Updated Income Limits
- Forms and Documents Reminder
Impact Fund Updated Income Limits Effective June 1, 2022
The following income limits are effective for Impact Fund units closed on or after June 1, 2022.
|
Gross Household Income
|
11-County Twin Cities Metro Area*
|
Rochester MSA**
|
Balance of State
|
|
50%
|
$59,100
|
$56,500
|
$52,000
|
|
60%
|
$71,000
|
$67,800
|
$62,400
|
|
80%
|
$94,600
|
$90,400
|
$83,200
|
|
100%
|
$118,200
|
$112,900
|
$104,000
|
|
115%
|
$136,000
|
$129,900
|
$119,600
|
|
*Counties of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright.
**Dodge and Olmsted counties.
|
The new income limits will be posted to the Impact Fund web page on June 1.
Co-funder program income limits vary. Consult with specific co-funder partners for additional information.
Forms and Documents Reminder
As a best practice, please always use the most recent version of Impact Fund documents posted to the Impact Fund web page. Avoid using versions of forms you have downloaded and saved.
eNews Subscriptions and Archive
Do you have colleagues or employees who should receive future Impact Fund administrator notifications? Please send their email addresses to us at impact.fund.mhfa@state.mn.us so we can add them to our distribution list.
Wondering if you’ve missed an eNews, or looking for some information sent months or years ago? Check out our eNews Archive. This link can be accessed from the “Quick Links” in any “Lenders and Homeownership Partners” section of our website.
Questions?
Contact the Impact Fund team:
|
