[The latest news for Minnesota Housing community development partners]
Important Impact Fund Program Changes and Revised Procedural Manual 
Minnesota Housing has released technical and policy changes through its Community Homeownership Impact Fund Program ("Impact Fund") Procedural Manual available on the Impact Fund webpage. 
For a summary of important changes, and to review a redlined comparison of this Procedural Manual to the version currently in effect (dated June 7, 2016), refer to this document posted to the Impact Fund webpage.
This revised Procedural Manual is effective March 1, 2018. Grant Contracts, Loan Contracts and Fund Availability, Disbursement, and Loan/Grant Agreements refer to the Procedural Manual as may be amended; therefore, this revised version applies to all acitivity occuring on and after March 1, 2018.
Form and Document Updates
Owner-Occupied Rehabilitation Project Completion Certificate
The Impact Fund program has long included a “certificate of completion” in its list of required documents for Owner-Occupied Rehabilitation Projects. The version of the Procedural Manual effective March 1, 2018 clarifies that the Administrator must document via a completion certificate that the work has been completed to the satisfaction of the Administrator and Owner-Occupant. Minnesota Housing’s Impact Fund Owner-Occupied Rehabilitation Project Completion Certificate may be used for this purpose. 
A form developed by the Administrator may be used instead, provided it satisfies the requirement that it documents that the work has been completed to the satisfaction of the Administrator and Owner-Occupant.
Administrators need not maintain completion certificates for Community Fix Up Loan Program interest rate write-down Projects. Instead, Community Fix Up Loan Program interest rate write-down Projects must adhere to completion certification requirements of the Community Fix Up Loan Program.

Updated Deferred Loan Closing Instructions and Transmittal Form
The Deferred Loan Closing Instructions and Transmittal Form has been updated. We’ve added additional fields for information Minnesota Housing needs to send to our servicer, AmeriNat, to effectively service these loans.
The Deferred Loan Closing Instructions and Transmittal Form addresses only those transactions where the Deferred Loan is secured by real estate. If your organization has been awarded Deferred Loan funds and you are working with households in homes that are not real property and are not located on real property owned or to be owned by the household, such as manufactured homes in manufactured home parks, please contact the Impact Fund team for assistance.
Forms and Documents Reminder
As a best practice, please always use the most recent version of Impact Fund documents posted to the Impact Fund webpage. Avoid using versions of forms you have downloaded and saved.
eNews Archive
Wondering if you’ve missed an eNews, or looking for some information sent months or years ago? Check out our eNews Archive. This link can be accessed from among the “Quick Links” visible in any “Lenders and Homeownership Partners” section of our website.
Questions?
Contact the Impact Fund team:
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