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<br /> <br /> <br /> <br /> <br />Pursuant to Minnesota Statutes, Chapter 474A, as amended <br /> <br />Form H-Rental <br />Application Form <br />Revised December 2020 <br />Page 1 of 2 <br />APPLICATION FOR ALLOCATION <br /> OF BONDING AUTHORITY FOR <br />RESIDENTIAL RENTAL PROJECTS <br /> <br /> NAME OF ISSUER: <br /> NAME OF PROJECT: <br /> AMOUNT OF ISSUANCE AUTHORITY REQUESTED: $ <br /> TYPE OF RESIDENTIAL RENTAL PROJECT BONDS TO BE ISSUED AND AGGREGATE BOND LIMITATION: Applicant must complete and submit the Sworn Applicant Statement, Form S-Rental, identifying the type of residential rental project and certifying the project’s aggregate bond limitation. A copy of this Statement will be appended to any Certificate of Allocation for this project. NOTE: The project must be treated as a single project for purposes of Internal Revenue Code section 142(d)(1) and associated Treasury Regulations. <br /> DESCRIPTION OF PROJECT: <br /> <br /> <br /> <br /> <br />AGGREGATE BOND LIMITATION: $______________. <br />Amount of bonds previously issued for the project using an allocation of volume cap: $______________. <br />Remaining amount of bonds for which an allocation is requested: $____________. <br />Total units in the building(s) that will be financed as part of the project: ______. <br />Total number of units that have project-based rental assistance: _______. <br />If the project consists of multiple buildings, will it be a single project for purposes of Internal Revenue Code section 142(d)(1) and <br />associated Treasury Regulations? ____ Yes / ____ No <br />Has the project already submitted an application, or been prequalified by an allocation entity, for tax credits? ____ Yes / ____ No <br /> IN ORDER TO BE CONSIDERED COMPLETE, THIS APPLICATION FORM MUST BE ACCOMPANIED BY: <br />1. A nonrefundable application fee of $20 for each $100,000 amount of issuance authority requested, with the request rounded to the <br />nearest $100,000. The minimum fee is $20, and this fee will not be refunded or recalculated; <br />2. A preliminary resolution adopted by the governing body; <br />3. A statement from bond counsel that the proposed issue of obligations requires an allocation under M.S. 474A and the Internal <br />Revenue Code in the amount requested; <br />4. An application deposit in the amount of 2% of the requested allocation; <br />5. A Sworn Applicant Statement on Form S-Rental from the applicant identifying the type of residential rental project; <br />6. A certification from the applicant or its accountant stating that the requested allocation does not exceed the aggregate bond <br />limitation; and <br />7. A map or site diagram with the project area and surrounding street names clearly identified. <br /> Note Regarding Payments: All issuers must pay the application fee and application deposit by separate checks or wire transfers made payable to Minnesota Management and Budget. All payments of fees and deposits must be made by the issuer (not the project developer). The Minnesota Housing Finance Agency, Minnesota Rural Finance Authority, and Higher Education Services Office may provide payment on a SWIFT Interagency Invoice. The federal employer identification number (FEIN) for the State of Minnesota is 41-6007162.