 2024 Single Family RFP Updates
An error in the Single Family RFP Application Instructions has been corrected and a revised version dated April 26, 2024 is now available on the Impact Fund webpage. The correction is to the Affordability Gap and Owner-Occupied Rehabilitation Loan Structure grids located on pages 5 and 6.
The grids in the Revised RFP now align with the previous eNews release that shared updated Affordability Gap and Owner-Occupied Rehabilitation loan options as follows:
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Affordability Gap & Owner-Occupied Rehabilitation Loan Structure
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Loan Term
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10 Years
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20 Years
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Maximum Loan Amount
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$50,000
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$100,000
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Forgiveness Schedule
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1/10th per year
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1/20th per year
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Maximum Forgiven Per Year
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$5,000
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$5,000
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The loan terms and maximum loan amounts were corrected and an additional line of information providing the maximum loan amount forgiven per year has been added.
Please note that this correction has changed the page numbering of subsequent pages.
Single Family RFP Information Session
Register to attend the Single Family RFP Information Session on Tuesday, April 30 at 1:30 p.m. Central time. The session will cover general Impact Fund program information, eligible activities, an overview of application materials, scoring and selections, and more. There will be an opportunity to ask questions. A recording of the training will be posted on the website when available.
eNews Archive
Wondering if you’ve missed an eNews or looking for some information sent previously? Check out our eNews Archive.
Questions?
Contact the Impact Fund team at impact.fund.mhfa@state.mn.us
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2023, the Agency distributed $1.85 billion in resources and served 69,500 households. Visit our website to learn more.
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