Multifamily Housing eNews
February 19, 2020
Kicking Off the 2020 Multifamily Consolidated Request for Proposals Process
and Other Multifamily News
In this eNews, you will find information about the following:
2020 Consolidated RFP/2021 HTC Round 1 Application Dates | Get a Jump Start on Your Application | Reminder: Apply for Funding through the Multifamily Customer Portal 
Projects with Existing Minnesota Housing Debt | 2020 Multifamily Workbook Changes
Staying in Touch | DHS Housing and Resources Information Session
Tenant Selection Plan Review Checklist | Working Together Conference
First Mortgages  
It’s time to start thinking about your 2020 Multifamily Consolidated Request for Proposals (RFP) and 2021 Housing Tax Credit (HTC) Round 1 applications. Please review the following information and important dates. 
Important Dates
Please note: the application deadlines have been moved to noon.  
  • Thursday, April 2: Consolidated RFP published in the Multifamily Customer Portal, including Intent to Apply and application materials
  • Thursday, May 14 at noon: Intent to Apply deadline - required for all Multifamily applications submitted in the Consolidated RFP (date may change based on state legislative actions)
  • Thursday, June 4 at noon: Multifamily application deadline
Get a Jump Start on Your Application: Several Pieces Now Available

Several important application pieces that allow applicants to get started sooner are available now on our website:
The following items will be available in early March: 
  • Housing Tax Credits (HTC) Self-scoring Worksheet and Deferred Loan Priority Checklist
  • 2021 HTC and 2020 Deferred Scoring Guide
  • Three Year Critical Needs Model
  • CoC Confirmation Form (required for High Priority Homeless [HPH] units)
  • County or Tribal Confirmation Letter (required for HPH units)
  • People with Disabilities (PWD) Narrative (required for HPH units)
All other application materials will be released on April 2.
Reminder: Apply for Funding through the Multifamily Customer Portal
As a reminder, all developers must apply for funding in our Multifamily Customer Portal. To learn more about the Portal and to request a user account, visit our Portal resources webpage.
Projects with Existing Minnesota Housing Debt
If a preservation project has existing Minnesota Housing debt that you want counted under Financial Readiness in the Self-scoring worksheet, contact the Request for Action (RFA) team no later than Friday, April 3, 2020. If you don’t contact us by this date, Minnesota Housing staff may not have time to process your request which could in turn impact your scoring.
2020 Multifamily Workbook Changes
The Multifamily Workbook is the primary tool used to collect and analyze project specific data for applicants applying for funds from Minnesota Housing. Each year Minnesota Housing releases an updated version of the Workbook to address changes to program requirements and incorporate feedback from customers and Minnesota Housing staff.
See the Multifamily workbook release notes for the full list of 2020 workbook changes.
Staying in Touch
Sign Up for Application Updates
If you are interested in receiving updates about the 2020 Consolidated RFP process and application materials, sign up for our eNews list. 
Technical Assistance
Technical assistance is strongly encouraged! To schedule technical assistance, please contact TechnicalAssistanceRequest.MHFA@state.mn.us and you will be connected with a staff person.
Questions?
Minnesota Department of Human Services
Housing and Service Resources Information Session
The Minnesota Department of Human Services (DHS) staff will provide an overview of Housing Support and how this resource works for housing developments with supportive housing units. This session is designed for developers, property management staff and service partners interested in learning more about Housing Support and additional DHS resources for supportive housing.
When: Wednesday, February 26 from 10:00 a.m. – 12:00 p.m.
Where: Minnesota Housing and webinar option
Learn more about this information session and register today.
Tenant Selection Plan Review Checklist - Coming Soon!
Creating an inclusive and equitable housing system is one of Minnesota Housing’s strategic objectives. In an effort to increase transparency of Tenant Selection Plan (TSP) review and to align with Minnesota Housing's TSP guidance, Minnesota Housing is developing a review checklist for TSPs submitted as part of due diligence. This checklist will provide a guide for projects to verify the TSP is structured to serve the intended population(s) and includes the necessary components based on funding requirements as well as state and federal TSP guidance. Minnesota Housing staff will use the completed checklist to inform their review of each project’s TSP submitted as part of due diligence. An online training is being developed that will outline the timeline, process, and FAQs about implementation. Minnesota Housing staff will be available to help development teams as we transition to include this new due diligence component. Stay tuned for more information. 
25th Annual Working Together Conference
Minnesota Housing is proud to sponsor one of the premier multifamily affordable housing educational events of the year. Join multi-housing providers from around the state at the annual Working Together Conference for two days of learning, training, and networking designed to empower you and your staff to overcome obstacles, take advantage of current opportunities, share ideas, and understand how to thrive in today's exciting but challenging market.
When: March 18-19, 2020
Where: Earle Brown Heritage Center, Brooklyn Center
More information is available at www.mmha.com.
Shopping for a First Mortgage or Thinking about Refinancing?
Minnesota Housing wants to work with you for all of your multifamily first mortgage needs! Our Low and Moderate Income Rental (LMIR) first mortgages have terms up to 40 years for new construction or 35 years for rehab or refinance. Our first mortgages are available year round.
View our current interest rates and term sheets to learn more about what we offer.
Contact Caryn Polito to get started. 
Twitter Facebook LinkedIn
www.mnhousing.gov
Manage your preferences | Opt out using TrueRemove™
Got this as a forward? Sign up to receive our future emails.
View this email online.
400 Wabasha Street North Suite 400
Saint Paul, MN | 55102 US
This email was sent to charissa.osborn@state.mn.us.
To continue receiving our emails, add us to your address book.
powered by emma