Upcoming Retirement of
MCC Program

In the February 8, 2017 eNews:
MCC Retirement
Minnesota Housing launched its Mortgage Credit Certificate (MCC) program in 2013 in order to utilize expiring bonding authority and offer additional program options to first-time homebuyers. Due to an increase in the demand in the State of Minnesota for allocations of bonding authority, Minnesota Housing no longer has sufficient bonding authority to allocate to the MCC program. Therefore, we will suspend the program upon allocation of the remaining funds, which we anticipate occurring sometime this summer. We plan to announce a program end date at a later date.
We thank our dedicated lending partners for their participation in this program and we encourage you to continue to take advantage of our Start Up program for first-time homebuyers.
Reminder: Freddie Mac HFA Advantage Training
Thursday, February 9
1:00–2:00 p.m. CST
Join us tomorrow for an hour-long training hosted by Freddie Mac and learn about the advantages of using the HFA Advantage℠ product. This training is geared towards loan originators and underwriters. Minnesota Housing staff will conclude the training with a short instruction on eligibility requirements of using HFA Advantage with our mortgage programs. U.S. Bank Home Mortgage Division staff will also be on the call to answer questions.
Register for the Webinar
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 7:30 a.m. and 5:00 p.m. on business days.
400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
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