State
Minnesota Housing
12/17/20 12:00 PM CST
Grants and loans to Minnesota cities to develop housing units for local working residents. Funding is intended for communities in small to mid-size cities with a demonstrated demand for rental housing needs and proven job growth. The rental properties would serve employees of businesses located in the Eligible Project Area or surrounding area. Eligible costs include the purchase of property; construction of improvements; and provisions of loans or subsidies, grants, interest rate subsidies, public infrastructure, and related financing costs. Eligible project areas with fewer than 30,000 people will be given preference. Preference will also be given to projects with a higher proportion of units that are not income-restricted.
The purpose of the Program is to help finance Qualified Expenditures of project-specific costs resulting in the direct development of Market Rate Residential Rental Properties to address the lack of workforce housing in Greater Minnesota. Funds will be awarded as grants or deferred loans to cities and other eligible entities. Recipients will partner with developers to create new Market Rate Residential Rental Properties.
All Recipients must maintain compliance with Program requirements through the term of the Deferred Loan Agreement or Grant Contact Agreement; however, Minnesota Housing strongly encourages Recipients to assess local housing needs beyond the initial funding term. Projects that remain available and affordable to the local workforce beyond the initial funding term will further strengthen the community by providing a long-term housing asset. Recipients are encouraged to look beyond the initial funding term to address local workforce housing needs into the foreseeable future.
Eligible Uses of Funds:
Funds are available for Qualified Expenditures of project-specific costs resulting in the direct development of Market Rate Residential Rental Properties. The rental properties would serve employees of businesses located in the Eligible Project Area or surrounding area. Recipients or Subrecipients can award funds in the form of grants or loans. If Recipients or Subrecipients award funds as a loan, then the loan terms must be as set forth in section 3.02 of the Program Guide. In addition, fees or interest charged cannot unduly enrich any parties involved and must not exceed the estimated amount to cover administrative expenses of the Program.
Eligible types of housing include new construction or acquisition and rehabilitation or reuse of an existing property that is not currently used for housing.
GrantWatch ID#: 137257
$1,500,000
Minnesota Housing expects to fund multiple projects through the 2020 request for proposals (RFP) cycle.
An individual project award cannot exceed 25 percent of the total development costs.
Grant terms will be three years. Deferred loans will: (i) be unsecured; (ii) have a 0% interest rate; and (iii) will be forgiven after three years. Construction must begin within 12 months of signing the Contract. Construction completion must occur within 24 months of construction start. Minnesota Housing reserves the right to extend or amend Contracts.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Applicants must submit materials using the Multifamily Secure Upload Tool. To use the secure upload tool, click here: http://www.mnhousing.gov/sites/np/login
Submit materials to mhfa.app@state.mn.us.
For questions, please email workforcehousingdevprog.mhfa@state.mn.us and Sara Bunn will respond to your inquiry.
Sara Bunn:
sara.bunn@state.mn.us
651.296.9827
USA: Minnesota
Grants to USA nonprofit organizations to reduce social inequality and promote solutions to the climate crisis. Eligible programs will address the areas of racial and economic justice, corporate and political accountability; voice, creativity, and culture; and an inclusi
Grants to Minnesota nonprofit organizations for education-related programs and projects that improve the lives of low-income, underserved, and disadvantaged children and youth. Funding is intended to support efforts to eliminate disparities in education for these target
Grants of up to $50,000 to researchers affiliated with USA qualified institutions to advance research in the field of pediatric oncology. Applicants must submit a letter of intent prior to submitting a full application. Funding is intended to increase the institution's
Grants to USA and Canada nonprofit charitable organizations to impact public policy in a variety of national and international issues. In previous years, grants have been awarded for general operations and project support to think tanks, national councils, judicial orga
Grants to USA nonprofit organizations to protect natural resources on land and water in locations around the world. Funding is intended to ensure that activities to acquire metals, gemstones, and corals for design use do not have an adverse impact on the area of origin.
Grants of up to $25,000 and grants of up to $50,000 to USA, Canada, and International independent filmmakers for feature-length film projects. Funding is intended to support projects at any production phase from development through post-production. Priority will be give
Grants of up to $5,000 to Minnesota arts organizations in eligible regions to support general operations. Funding may be used to cover operating expenses such as equipment purchase, salaries and staffing, facilities and maintenance, or other administrative expenses. Eli
In-kind repair services to Minnesota nonprofit organizations to strengthen communities by improving the safety of communal gathering places. The program is intended for structural and cosmetic repairs, painting, electrical, plumbing, and updates to make the buildings ac
Grants of up to $3,000 to USA and Canada nonprofit organizations for projects to protect wildlife and natural habitats. Funding is intended for campaigns to save specific species and ecosystems. Eligible activities include public policy work, litigation, advocacy, and d
Grants to USA and territories individuals and non-federal agencies to promote the adoption and development of innovative approaches to conservation in agriculture. Applicants are advised that required registrations may take several weeks to complete. Priority funding ar
