Effective June 23, Minnesota Housing is no longer accepting new Fund Reservations for the Rehabilitation Loan Program for this funding cycle. The next funding cycle is scheduled to begin on October 1, 2014.
As a reminder, lenders have 12 weeks from the approval date of a Fund Reservation to convert a file to a Loan Commitment. Given the Fund Reservation process was instituted this year, Minnesota Housing will make extension requests for Fund Reservations on a case-by-case basis.
Limited funds are still available for emergency issues through the Emergency Loan Program. The balance of these funds is available on our website. If you have questions regarding the Emergency Loan Program, please contact Tonya Taylor.