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-2- <br /> Metro HRA also assists in the packaging of the rehabilitation , <br /> loans . The loans to property owners are- insured under the FHA <br /> Title I Property Improvement program and processed through the <br /> First Bank of St. Paul. The interest rate on MHFA' s financing <br /> of the loans is 11 percent and the maximum loan term is 15 years . <br /> Program Requirements <br /> The following are requirements for owner participation in the <br /> Rental Rehabilitation Loan Program: <br /> a) The property to be rehabilitated must be owned by the applicant <br /> and used for residential purposes <br /> b) Units must be leased to low- and moderate-income households <br /> c) Owners must certify that tenants will not be displaced during <br /> or after rehabilitation <br /> d) FHA Title- I loan maximum amounts are $7 , 500 per multi-family <br /> unit not to exceed $37 , 500 per structure, and $15 , 000 per <br /> single-family structure <br /> e) All buildings rehabilitated must be brought into compliance <br /> with- State Energy Conservation Standards <br /> f) Structures less than 15 years old are eligible only for <br /> • <br /> energy compliance improvements <br /> g) Structures more than 15 years old are also eligible for <br /> permanent general improvements j <br /> Eligible Improvements <br /> a) Energy Conservation Standards <br /> - Caulking, weatherstripping <br /> - Storm door and window installation <br /> - Fireplace .and stove positive shutoffs <br /> - Insulation in accessible attics , walls and rim joists <br /> b) General rehabilitation <br /> Structural additions , alterations <br /> Exterior, interior finishing <br /> Roofing repair or replacement <br /> Plumbing installation or replacement <br /> Heating and ventilating - <br /> - Electrical wiring <br /> c) - Accessibility improvements <br /> - Ramp construction <br /> _. - Handrail , grab bar installation <br /> ' ° -J - Other <br />