| Description:
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Report on community-based first-generation homebuyers down payment assistance program, including:
(1) the number and amount of loans closed;
(2) the median loan amount;
(3) the number and amount of loans issued by race or ethnic categories;
(4) the median home purchase price;
(5) the interest rates and types of mortgages;
(6) the credit scores of both applicants and households served;
(7) the total amount returned to the fund; and
(8) the number and amount of loans issued by county
(9) the number of each type of housing purchased, including but not limited to single-family houses, townhouses, condominiums, and manufactured housing; and
(10) the mean and median price of each type of housing, including but not limited to single-family houses, townhouses, condominiums, and manufactured housing.
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| Committee/Agency Jurisdiction:
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Housing Policy and Finance
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| Note:
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According to Midwest Minnesota Community Development Corporation (MMCDC) their contract with Minn. Housing Finance Agency was signed May 1, 2024, with the initial funding following that date.
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