MHFA presents on affordable housing plan
The Agriculture, Rural Development and Housing Finance committee heard a presentation from the Minnesota Housing Finance Agency (MHFA) regarding its 2019 Affordable Housing Plan. The agency’s presentation outlined how they plan to dedicate their resources for the upcoming year. Central to their mission is homebuyer financing, home refinancing, new construction, rental rehabilitation, and rental assistance.
In total, the MHFA will have approximately $1.345 billion in resources with 62% of those resources being dedicated to homeownership financing and refinancing. The Minnesota Housing Finance Agency has published its entire report on its website, which can be found here.