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Impact Fund:

Housing Infrastructure Bond Proceeds

Here are a few reminders for Community Land Trusts who received Housing Infrastructure Bond (HIB) proceeds in 2012:

Community Land Trusts may use their existing 2012 HIB proceeds for a property that was acquired no earlier than 60 days before October 31, 2012.
2012 HIB proceeds can be used for only three purposes:
- Acquisition cost of the land
- Utility connections
- Demolition costs, but not rehabilitation or new construction activities
For more information on the use of 2012 HIB proceeds, see Chapter 6 of the Impact Fund Procedural Manual.
Please take advantage of all available Impact Fund trainings and resources:
- Recorded Technical Assistance
- Single Family Resources
Information will be sent out soon outlining the requirements for the 2014 HIB proceeds.

Please visit the Minnesota Housing website for the consolidated 2014 Single Family RFP application and materials.

RFP Due Dates and Selections

Single Family RFP applications must be received by June 17, 2014 by noon to be eligible for funding consideration.

Funding recommendations will be presented to the Minnesota Housing board on October 23, 2014. Funding partner proposal recommendations will be made at their respective board meetings.

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Minnesota Housing

400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US