Central Minnesota Housing Partnership

Affordable Housing: cmhp asset manages 871 units of affordable Housing. Cmhp values its ownership and interest in rental properties and takes responsibility for the long-term health and welfare of all projects with which associated. Functions of asset management include monitoring programs, funders, and financing requirements to assure compliance and timely reporting; oversight of property management activities of the professional property managers, site visits, monthly financial reports, annual budget approval, capital improvement planning and tenant surveys. Cmhp communicates on a regular basis with property managers, investors, and funders. As cmhp continues to develop new or acquires and rehabs existing rental properties, it will continue to add affordable rental units to its asset management portfolio. In 2022, cmhp finalized construction on heritage court apartments.

Small cities development program (scdp): cmhp provides technical assistance, application preparation/submission and grant administration services to eligible communities in our 16-county service area for the department of employment and economic development's small cities development program (scdp) funding. Qualifying applications must meet one or more federal objectives, which income benefiting people of low and moderate incomes, eliminating slum and blight conditions, or eliminating an urgent threat to public health or safety. Applications are submitted for owner-occupied, rental, and commercial rehabilitation, with a focus on Housing rehabilitation. Scdp projects may be supplemented with additional funding sources such as city match funds or usda rd loan/grant programs. In 2022, cmhp administered scdp grant awards for the following communities: swanville, sebeka, mora, wadena, buffalo, and bertha/hewitt. Scdp grants include funding for administration, and draws are submitted by cmhp as projects are completed. In 2022, cmhp submitted a preliminary application on behalf of the cities of staples. The application was ranked as marginally competitive and invited to submit full applications in the spring of 2023. Cmhp collects an application fee from cities based on distance from cmhp offices.

Property management: cmhp oversees all aspects of the operations, management, and maintenance of selected properties in their portfolio. Cmhp's property management division recruits, screens, selects, and places applicants in Housing and is responsible for the financial management, budgeting, caretaking supervision, reporting and compliance of each project. The number of properties cmhp manages is 26 rural development/tax credit projects consisting of 607 units of affordable rental. Continuum of care (coc): since 1997, cmhp has coordinated the development and implementation of the regional continuum of care plan outlining existing services and identifying gaps in services addressing homelessness. From 1997 to 2022, over $26.9 million in hud funding has been awarded regionally, with total leveraged funds of over $40.3 million. The 2022 exhibit one application was awarded $1,782,899 with an additional $445,725 in match funds. In 2022, cmhp was funded with coc administrative dollars in the amount of $51,656. Cmhp also received $50,000 for the coordinated entry position.

Minnesota urban & rural homesteading (murl): the organization services a portfolio of homes originally purchased and rehabilitated through the murl program. Homes were sold on a 0% interest contract for deed to eligible households, with monthly payments based on monthly household income. While murl is no longer an actively funded program, at the end of 2022 cmhp held deed to seven homes under contract for deed. Cmhp staff services these contract for deeds, and provides homeowner support in areas such as home maintenance, budgeting, etc. On occasion, a home is deeded back to cmhp for assorted reasons. As all homes are past the affordability period (15 or 15.5 years from time put in the program) any home returned to cmhp will be sold fee simple on the open market. Sales proceeds are deposited in the murl revolving account. Cmhp bills monthly for the actual program costs of staff time, travel, and other administrative expenses. The administrative payments are drawn from cmhp's murl revolving account.community land trust (clt): the Central Minnesota community land trust (cmclt) can provide a home ownership opportunity to low and moderate-income households while creating long-term affordability for future generations of homebuyers. Homes cost less than market rate as the community land trust (clt) purchases the land using a ground lease and the homebuyer purchases the improvements, or home. The affordability is built in the shared resale formula which allows for a return on the homeowner's equity and an affordable sale price for future buyers. At the end of 2022, the cmclt had two homes in its portfolio. The cmclt has not recently pursued new clt projects, but the cmclt and cmhp continue to have conversations regarding the future of clt activity. Ta/chdo: cmhp provides direct technical assistance to communities, organization, and non-profits in our service area. Technical assistance provided by cmhp can bring additional resources to the region by increasing local capacity. Services that cmhp may be able to provide include assessing Housing need in the community, grant application writing, financial packaging, project administration, development and ownership of affordable Housing and team building.