Multifamily Housing eNews
May 12, 2020
Multifamily Consolidated Request for Proposals Intent to Apply Deadline
The Multifamily Consolidated Request for Proposals (RFP) Intent to Apply due date is quickly approaching! We encourage you to apply and submit documentation before the deadline to make sure everything gets in on time.  
Applicants who want to submit an application for capital financing in the 2020 RFP/2021 HTC Round 1 must submit the Intent to Apply (ITA) through the Multifamily Customer Portal. The following items are due this Thursday, May 14 by noon:
  • Site Map
  • Organizational Charts
Multifamily Customer Portal Submission Tips
Please remember the following when submitting items in the Multifamily Customer Portal.
  • You must press the submit button in the Multifamily Customer Portal for your Intent to Apply to be considered submitted.
  • The submit button only appears when documents are uploaded to every checklist item or you have indicated ‘opted out’ if the checklist item is optional.
  • You will receive an email that confirms your checklist was submitted. The checklist status will change to submitted, and all checklist items will be locked.
If you are experiencing technical issues, contact mhfa.app@state.mn.us.
Other Upcoming Deadlines
Thursday, June 18 by noon:
Thursday, July 16 by noon:
  • Full application
  • Fee remittance forms and $800 application fee (must be postmarked by July 16)
Reminders
Application Instructions
The application instructions provide details for submitting an application and include required supporting documentation for all application types. You can also visit our application resources webpage for more information and view the May 1 eNews for a comprehensive source of application information.
Tutorials and Trainings
Tutorials are available on our website for specific application submission and scoring topics. View pre-recorded training tutorials (scroll down to the training tutorials section). Remember to check out our new scoring training that we are making available for the first time ever!
Request Technical Assistance
If you have not already requested technical assistance, please contact TechnicalAssistanceRequest.MHFA@state.mn.us and you will be connected with a staff person.
Questions specific to application rents and maintenance and operating (M&O) numbers can be also be directed to TechnicalAssistanceRequest.MHFA@state.mn.us. Preliminary M&O reviews and ballpark estimates can be provided to the applicant upon request. The last day Minnesota Housing staff will take any new preliminary M&O review requests is Thursday, July 9, 2020.
Appraisals
Appraisal fees will not be collected at this time. Appraisals will be commissioned only after notification of selection.
LMIR Rates
In the current economic environment, it is difficult to predict where interest rates will be for permanent mortgages in the future. For the upcoming Consolidated RFP, we recommend using the following rates:
  • 40 year term/amortization - 4.50%
  • 35 year term/amortization - 4.45%
  • 30 year term/amortization - 4.40%
  • Plus 0.125% for HUD Risk Share MIP
For questions about LMIR rates, please contact Susan Thompson.
Questions?
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