2019-02-27 CC Packet - Laserfiche WebLink

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A Anoka County Am COUNT' Y ADWINIST RATin ON Linda Hedstrom Community Development Program Assistant Phone: 763.324.4601 E-mail: linda.hedsLromffco.anoka.mn.us MEMO TO: The Township and Cities within Anoka County FROM: Linda Hedstrom, Community Development Program Assistant DATE: February 14, 2019 SUBJECT: Minnesota Housing's 2019 Start Up Program for First-Time Homebuyers is OPEN Minnesota Housing's 2019 Start Up Program for first-time homebuyers is open for business. Anoka County's 2019 allocation is $5,736,658. This mortgage/loan program offers affordable, fixed interest rates, down payment and closing cost assistance to qualified buyers and includes a large network of experienced lending partners (buyers must use an MN Housing-approved lender). FYI: Anoka County itself does not fund a down payment assistance program. Buyers must qualify financially and may also be required to attend a home buyer education class. Buyers have two education options available to them: an in-person class (HomeStretch)or an on-line class (Framework). To locate classes, buyers can contact the Minnesota Homeownership Center at 651-659-9336 or www.hoc MN Housing continues to offer another loan program "Step Up"for non first-time homebuyers. The program has many of the same benefits and requirements as the Start Up program. Although the county does not get an allocation for it, it is available to all qualified homeowners. This program is for existing homeowners or repeat homebuyers who are looking to either refinance their current mortgage or purchase a home. Advertising is key to making this a success, so please include info about this program in any upcoming newsletters, utility billing, web site or any other venue at your disposal. Just a reminder to please carefully proof what you publish so that wrong numbers or information don't create problems for you or your residents. Your help in getting the word out is invaluable to making this another successful year. Attached for your information is a copy of the info packet I provide to callers who request program information. Updates to the program may occur during the program year, so advise residents to check the MN Housing website for the most current information. If you have any questions, please call me at 763-324-4601 or email me at linda.hedstrom(a-)co.anoka.mn.us. Also, feel free to visit MN Housing's website at www.mnhousing.gov as they have other homeowner programs including Rehab or Fix-Up loans that might benefit your residents. Thanks! Ree(is tf'LO, S_F["' V\/250 A, Ano[,a W,4 55203 A, wv\1,v\1 ano[,,acoi_ny _s/cd 763 224 4650 A, Fax� 763 224 4610 Aff'urirnaflve A,,,IfjIEqWfl]