Impact Fund

The Community Homeownership Impact Fund (Impact Fund) provides funding for developers and administrators of single family, owner-occupied affordable housing activity throughout the state. Funding is provided through the competitive Single Family Request for Proposals (RFP) process.

Upload documents using our Single Family Secure File Exchange (LeapFILE)™ to impact.fund.mhfa@state.mn.us

RFP materials can be found on The Community Homeownership Impact Fund webpage.

Training

Have questions? Contact us at Impact.Fund.MHFA@state.mn.us or schedule a technical assistance session.

2024 Single Family RFP Information Session Recording - slides available upon request
2025 Impact Fund Manual Updates Training Recording - slides available upon request
2025 Community Land Trust Training - slides available upon request

Manual

Impact Fund Procedural Manual

Minimum Required Document Checklist

Minimum Required Document Checklist

Forms for Awarded Administrators

Income Eligibility

Tennessen Warning

Privacy Act Notice and Tennessen Warning

Disbursements

Deferred Loans

All Loans

Deferred Loan Document Transmittal Instructions and Transmittal Forms

Single Family Homes Taxed as Real Property Loans

Impact Fund Loan Mortgage updated 04/01/2025
Impact Fund 10-Year Forgivable Loan Note updated 04/01/2025
Impact Fund 20-Year Forgivable Loan Note updated 04/01/2025
Impact Fund 30-Year Balloon Loan Note updated 04/01/2025
Dept. of Commerce - MN Uniform Conveyancing Forms - Assignment of Mortgage by Business Entity

Manufactured Homes Taxed as Personal Property Loans

Change Request Form

Change Request Form

Extension

Extension Request

Incentive Fund

The latest Impact Fund incentive fund application round closed April 3, 2023. Check back in late 2023 or early 2024 for details on applying for additional funding for Impact Fund Awards made in December 2022 (i.e., those with Impact Fund Award ID numbers starting in "12-2022-")

Lead Based Paint

Owner-Occupied Rehabilitation Projects

Procurement

Single/ Sole Source Justification Form

Reporting

Household Demographic Project Information Form - To save a copy of this Household Demographic Project Information Form to your computer, right click the link above and select “Save Link As…” or “Save Target As…”. Make sure you save the file as an Excel Macro-Enabled Template (.xltm). You will not be able to save or print the form once you have opened it unless certain required fields have been completed.
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Land Acquisition - Awarded in 2020
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Value Gap and Owner-Occupied Rehabilitation – Awarded in 2020
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Land Acquisition - Awarded in 2021
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Value Gap and Owner-Occupied Rehabilitation – Awarded in 2021
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Land Acquisition - Awarded in 2022
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Value Gap and Owner-Occupied Rehabilitation – Awarded in 2022
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Land Acquisition - Awarded in 2023
Certificate of Expenditure of Deferred Loan - Bond Proceeds - Value Gap and Owner-Occupied Rehabilitation – Awarded in 2023
Annual Report - Close Out Form
Annual Report - Close Out Supplemental Report

Single Family Green Communities

Overview of Green Communities Resources

Green Communities for 2024 and Future Awards

2020 Green Communities

*For 2024 awards and later and applicable to New Construction and Acquisition/Rehab/Resale activity.

Green Communities for 2023 and Previous Awards

Recipients of past open awards are encouraged to use the latest Green Communities Overlay for improved use and readability.

2020 Green Communities

*For 2022 awards and later and applicable to New Construction and Acquisition/Rehab/Resale activity

*For 2021 awards and later and applicable to New Construction and Acquisition/Rehab/Resale activity

Prevailing Wage