Predevelopment Loan Fund
The MHP Predevelopment Loan Fund is a revolving loan fund that provides resources for predevelopment expenses incurred in affordable housing developments for nonprofit borrowers outside of the 7-county Twin Cities metro area and Duluth. MHP provides predevelopment loans for single-family, multi-family, and mixed income development projects.
Eligible Predevelopment Activities Include:
- Project specific market feasibility studies
- Site analysis
- Site design
- Securing zoning compliance
- Preparing funding applications
- Monitoring construction process
- Legal fees
Predevelopment Loan Fund program guidelines, a request for funds, and an application form can be completed by downloading the following forms:
- Guidelines for MHP Predevelopment Loan Fund
- Predevelopment Loan Request Form (fill in PDF form)
- Predevelopment Loan Request Form (MSWord version)
- Application Form for MHP Predevelopment Loan (fill in PDF form)
For more information, contact:
Rosemary Fagrelius
Housing Development Director
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
651.925.5542
2013 Loan and Grant Calendar*
| Application Due Dates | Loan and Grant Committee Meetings |
| August 27, 2012 | September 17, 2012 |
| October 29, 2012 | November 19, 2012 |
| January 7, 2013 | January 28, 2013 |
| February 25, 2013 | March 18, 2013 |
| April 29, 2013 | May 20, 2013 |
| June 24, 2013 | July 15, 2013 |
| August 26, 2013 | September 16, 2013 |
The MHP Loan and Grant Committee meets the third Monday of every other month to review applications. Applications must be received a minimum of three weeks prior to a meeting in order to be considered for funding.
*These dates are tentative and may change without notice.
(Please note that Minnesota Housing Partnership does NOT offer funds to individuals. See Looking for Housing for information about assistance for individuals.)
