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Mark Beer <br />From: <br />Sent: <br />To: <br />Subject: <br />Attachments: <br />Good morning, <br />Jim Hasnik <jhasnik@mncee.org> <br />Friday, October 13, 2017 9:21 AM <br />Brian Beeman; Mark Beer <br />Loan Programs <br />2017 HUD Income Limit Table.pdf <br />I went through the website and have some questions so I can get some guidelines together. I will list <br />each program on your site and then make notes. <br />Assistance for Home Owners Page: The Energy Conservation Deferred Loan is administered by <br />us and is available. When you click on the link it says the site is currently unavailable. I will get you <br />the link for this. <br />Home Improvement Loans: <br />Ramsy County Residential Rehab Deferred Loan: This program is now being run by Ramsey <br />County and they may put out for bid next year. But for now, residents should contact Ramsey County <br />directly. Their phone number is 651-266-8000. Mary Lou Egan would be the contact. <br />MHFA Fix Up Fund Loan: We administer and is available now <br />MHFA Rehab Deferred Loan: GMHC stopped administering this program in the fall of 2016 and we <br />also don't administer this program. This should be removed from the website. <br />MHFA Rental Rehab Loan: This loan is no longer available. This can also be removed from the <br />website. <br />From the Senior Housing Regeneration Program to the General Home Repair Loan I can't find what <br />the loan terms are or if they were administered by GMHC. <br />Most of the cities have a regular loan program at rates between 4-5% for general rehab and then a <br />last resort program. I can create some guidelines for all of the pools that it looks like you had, but <br />with the amount of funds I would keep it simple. <br />IDEAS: <br />Mounds View Home Repair Loan: 4%, up to 10 year loan term and up to $15,000. Income limits <br />would be an option since we do have a home improvement loan with no income limits up to $20,000 <br />at 5.99%. Maybe go with a 110% of Median based on household size. I have attached the current <br />HUD Income Table to look at. <br />Mounds View Interest Subsidy: We just started up 3 (Crystal, Brooklyn Center and Crystal) city <br />programs with this. It's where you would but the MN Housing rate down from 5.99% to 3%. This <br />would make your funds go further, but once they are gone they are gone. The income limit on this is <br />$104,000 for the household. The MN CFUF Loan is up to $50,000, but you could make it smaller and <br />