Housing Revenue Bond Program
Housing Revenue Bonds and Tax-exempt Mortgage Notes may be used to finance the acquisition and rehabilitation or new construction of owner-occupied or renter-occupied residential units where the intended occupants of the units qualify the Project for tax-exempt status in conformance with the Internal Revenue Code, the Statutes of the State of Minnesota and the City Ordinances.
Statutory and regulatory requirements must be met to assure tax-exempt status. Financial and legal counsel with expertise in tax-exempt obligations and real estate is required.
Learn more details in our reference and an overview of the application process: the Housing Revenue Bonds and Tax-exempt Mortgage Notes Procedural Guide (pdf).
Last updated Jan. 10, 2014