 Funding Available for Schools!
Minnesota Housing is excited to announce funding availability for school districts to provide affordable homeownership opportunities through the 2024 Single Family Request for Proposals (RFP)!
School districts, charter schools and educational cooperatives are eligible to receive up to $100,000 in grant funds to construct homes for owner-occupants. Grant funds can be used for certain costs directly related to constructing homes such as materials and supplies. In connection with the grant, any funds used to purchase materials and supplies must result in the construction of a home or homes. These home(s) must then be sold to eligible owner-occupants with household incomes at or below 115% area median income. The homebuyers who purchase these homes must participate in homebuyer education through the Homeownership Education, Counseling and Training (HECAT) program.
School districts, charter schools and educational cooperatives can apply for these funds through the 2024 Single Family RFP. The application deadline is Thursday, July 11, 2024 at noon Central time.
Application instructions and documents are available on Minnesota Housing’s Impact Fund webpage. Those interested in applying should review the Single Family RFP Application Instructions. In addition to other required documents, applicants must also complete the:
We encourage school districts, charter schools and educational cooperatives interested in applying for funds to reach out to the Impact Fund team for training and technical assistance on program requirements and the application process.
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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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