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125 <br /> <br /> <br />and hold a federal income tax liability. In order to be eligible for this program, residents must be <br />first-time homebuyers, qualify for a home mortgage, and meet the income restrictions <br />When we would use this: The City of Ramsey does not maintain this program, but does make <br />interested parties aware of the opportunity. The City of Ramsey would support applications to this <br />program. <br />Minnesota Housing Finance Agency – Consolidated Request for Proposals <br />The Minnesota Housing Finance Agency (MHFA) currently utilizes a single application for <br />affordable housing financing with multiple partners, including the Metropolitan Council, Minnesota <br />Housing, Family Housing Fund, Minnesota Department of Employment and Economic Development <br />(DEED), and the Saint Paul Public Housing Agency. The Consolidated RFP has a significant amount <br />of financial resources and numerous partners, which allows for creative finance packages for <br />projects. <br />When we would use this: The City of Ramsey does not maintain this program; however, the City <br />of Ramsey would support and engage in applications to this program to maintain naturally <br />occurring affordable housing (NOAH), particularly rental units, within the City. The City would <br />support an application to this program for any NOAH preservation within the City, and would <br />prioritize well-maintained housing throughout the City at 80% or less of AMI. The City would <br />consider being a partner for applications to this program for affordable housing projects at any <br />affordability level. It is likely that the City Council would write a letter of support on behalf of an <br />application to this program. <br />Greater Minnesota Housing Fund <br />The Greater Minnesota Housing Fund (GMHF) provides equity investments in affordable housing <br />projects, both for new LIHTC projects and for NOAH preservation projects. Their priority projects <br />include the preservation of affordable homes, preventing and ending homelessness, and the <br />creation of new affordable homes. They provide gap loans, interim loans, and permanent loans to <br />multifamily projects. <br />When we would use this: The City of Ramsey actively makes potential project partners aware of <br />GMHF programs, and would support applications to their loan funds for the creation of new <br />affordable housing projects, and for the preservation of NOAH. The City would consider utilizing <br />this program for NOAH preservation if the City decided to create its own housing programs. It is <br />likely that the City Council would write a letter of support on behalf of an application to this <br />program. <br />Minnesota GreenStar Certification <br />In order to be eligible for this program, residents must be first-time homebuyers, qualify for a home <br />mortgage, and meet the income restrictions <br />When we would use this: The City of Ramsey does not maintain this program, but does make <br />interested parties aware of the opportunity. The City of Ramsey would support applications to this <br />program.