Affordable Housing Development Readiness Solicitation

To be considered eligible, applicants must have applied for Minnesota Housing 2022 Consolidated RFP and/or have plans to apply for Minnesota Management and Budget January 2023 Conduit Revenue Bonds process. This is to ensure that eligible projects are able to close on Ramsey County’s American Rescue Plan Act (ARPA) funding by July 15, 2023. Other project criteria: 

• Permanent general occupancy rental housing and/or permanent supportive housing for extremely low to moderate-income renters.
• Have a minimum of four rental units
• At least 10% of the total units must be affordable at 30% Area Median Income (AMI). Funded units must remain affordable for at least 30 years.  

Selected projects were evaluated and scored by Community & Economic Development staff based on:

• Feasibility and financial capacity
• Organizational Capacity
• Affordability
• Alignment with Ramsey County's strategic and selection priorities.