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COUNTY OF ANOKA
<br /> Office of Governmental Services Division
<br />
<br />GOVERNMENT CENTER, 7th Floor
<br />2100 3rd Avenue · Anoka, Minnesota 55303-2265
<br />(763) 323~5700
<br />
<br />Linda Hedstrom
<br />CD Program Assistant
<br />OD# 763-323-5764
<br />
<br />MEMO TO:
<br />
<br />MEMO FROM:
<br />
<br />DATE:
<br />
<br />SUBJECT:
<br />
<br />Cities and Townships within Anoka County
<br />
<br />Linda Hedstrom, Community Development Program Assistant
<br />
<br />September 29, 2003
<br />
<br />2"'~ Update on 2003 First-Time Homebuyer Program
<br />
<br />It's time for another update of the First-Time Homebuyer Program. The inteiest rate Continues to fluctuate and is currently at
<br />5.50%. As September ends, remember that on October 25 any funds left in the "Anoka County" allocation will collapse into
<br />MHFA's state-wide pool for use on a first-come, first-serve basis.
<br />
<br />With your help we have done well in spending down our allocation. To date, 29 loans have been reserved with 13 of those
<br />actually committed and spent. In terms of funds used, buyers have reserved $4,670,466 of the original $5,168,643 -reaving a
<br />current balance of $498,177 still available. Percentage wise, this translates into the program reserving 90.36% of its
<br />allocation. These numbers are terrific and, hopefully, they will continue to climb through the program's end.
<br />
<br />Barb Collins at the MHFA has again provided a breakdown of the locations and amounts reserVed so far. These loans may
<br />include ones reported previously in the July update.
<br />
<br />Andover 5 loans for: $181,189 - $171,718 - $189,150- $179,553- $156,128
<br />Anoka 2 loan for: $135,850-$168,642
<br />Blaine 4 loans.for: $141,600 -- $!-5!,641 - $ !86,560- $!54,574
<br />Columbia Heights 1 loan for: $160,442
<br />Coon Rapids 8 loans for: $158,000 - $99,900 - $163,263- $180,550- $125,500 --$129,800
<br /> $139,680 - $118,400
<br />East Bethel 1 loan for: $175,239
<br />Fridley 3 loans for: $170,621 - $164,683- $188,993
<br />Linwood 1 loan for: $168,134
<br />Ramsey 4 loans for:
<br />
<br />$174,500-$191,140-$169,000-$176,070
<br />
<br />Again, many thanks [or your on-going help in advertising this program.., your efforts are greatly appreciated I will continue
<br />to update you as the program moves into its final months. As always, if you have questions or need additional information,
<br />please call me at 763-323-5764 or email me at linda.hedstrom@co.anoka.mn.us Thank you.
<br />
<br />FAX: 763-32%5682
<br />
<br />Affirmative Action / Eq¢._at Opportunity Employer
<br />
<br />TDD/TTY: 763-32%5289
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