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<br />AUG-02-00 08:48 F~OM'MN HOUSING FINANCE AGENCY ID.6122868545 <br /> <br />PAGE <br /> <br />2/2, <br /> <br /> <br />MINNESOTA <br />HOUSING <br />FINANCE <br />AGENCY <br /> <br />.-TO <br /> <br />. <br /> <br />April 1, 1994 <br /> <br />Mr. Howard Goldman. Director <br />Housing Management <br />Department of Housing & Urban Development <br />Bridge Place. 220 South Second St. <br />Minneapolis, MN 55401 <br /> <br />RE: BRIDGE SQUARE..AnOka <br />CHANNEL VIEW APARTMENTSft.Albert Lea <br />CLINTON HOUSE.-Hutohfnson <br />FA1RVIEW APARTMENTS-Fairfax <br />HARBOR VIEW APARTMENTS-.Grand Marais <br />HUNTER'S PARK--Arden HiI/$ <br /> <br />Dear Mr. GOldman: <br /> <br />The above-referenced developments had their Minnesota Housing Finance Agency <br />(MHFA) mortgages paid'off between November 1, 1984, and July 29, 1986. As a <br />result, the Department of Housing and Urban Development shortened the total term of . <br />the HousIng Assistance Payments (HAP) contract to 20 years from 40 years. <br />Developments which had their MHFA mortgages paid off prior to November', '984. <br />and after July 29, 1986, did not have their HAP contracts shortened. <br /> <br />This letter is a formal request by MHFA that the local HUD office review the prooess <br />that resulted in these contracts being shortened and consIder restoring them to their <br />original terms. MHFA is also requesting information regarding how the prepayment of <br />state housing agency mortgages was addressed by other HUD regional and local <br />offices during the above-referenced time frame. <br /> <br />If you have any questions, please contact Martin Roller at 296-3789. <br /> <br /> <br />cc: Dan Larson-.Public Housing <br />Sam Daryani . . <br />Gary Bailey <br />Dr. Lawrence Thienes <br />Kent Oliver <br />Resolution Trust Corporation <br />Cities Management, Inc. <br />Towle Heskln Partners <br /> <br />e <br /> <br />400 Sibley Street. Suite 300. SI. Paul. Mlnnes.,ta SS101 (612) 296.7608 Telecopier (612) 296.8139 TOO (6.'2) 297.2361 <br />EOURi Ot\onr'tunitlJ HnllslntI ,l\nti FOllal nnntJr1unitv r:rn"lnvmi!n1 <br />