Low and Moderate Income Rental Program
Minnesota Housing
Minnesota
The purpose of the Low and Moderate Income Rental (LMIR) Program is to provide long-term amortizing mortgage debt for multifamily rental housing affordable to low- and moderate income Minnesotans. Long-term, fixed-rate mortgage loans are available for financing new construction, stabilization of existing properties and for the preservation of existing federally assisted rental housing.
Contact
John Patterson
Minnesota Housing
[email protected]
651-296-0763
Other Eligibility Requirements
No other eligibility requirements
Priority Populations
Very low-income households (income less than 50% AMI)
Total Funding
$81,544,844
Funding Source
Dedicated funding stream - Real estate transfer tax; Dedicated funding stream - Interest on government accounts; Dedicated funding stream - Revenue from state-owned property
Funding Year
FY 2022-2023
How Provided?
Development loans
Data Collected by Program
Income; Race; Ethnicity