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FEES AND CHARGES <br />The fee for processing a Qualified Contract request is $5,000. The fee must be submitted <br />at the time the Qualified Contract Notification Letter is presented to MHFA, and is non- <br />refundable. Any charges incurred for submission materials, appraisals, market studies, <br />and rent comparability studies will be borne by the owner. <br />DATA PRIVACY <br />Government Data Practices Act Disclosure Statement <br />During the Qualified Contract process, certain development financial and tenant <br />income information will be needed as verification. In working with tenants, the owner <br />warrants compliance with applicable data privacy laws and regulations including the <br />Minnesota Government Data Practices Act which governs information obtained, stored <br />and /or released in connection with public programs. <br />Housing Tax Credit Program 8 Qualified Contract Process Guide (rev. 2/05) <br />