Metro HRA advertises the availability of PBVs through a request for proposals (RFP) process, following the regulations contained in 24 CFR 983.51 (b) and (c) regarding solicitation and selection of proposals.
- Metro HRA will issue an RFP prior to Minnesota Housing’s RFP process.
- Metro HRA will take no action on PBV requests until Minnesota Housing has made its funding awards. Metro HRA will require a project to secure full financing by Tuesday, Dec. 31 the following year after award.
- If Minnesota Housing does not approve the other financing requested to make the project financially feasible, Metro HRA will not consider the request for PBVs and a developer will need to reapply at a later date when PBVs are again offered.
- If a project owner or developer submits an application for PBVs as existing housing and they do not need any additional financing, Metro HRA will consider that request (also after Minnesota Housing) has made its funding awards, along with other PBV requests.
Metro HRA will prioritize PBV projects located in its own operating area prior to considering projects outside of its jurisdiction. Metro HRA’s operating area includes Anoka and Carver Counties, and suburban Hennepin and Ramsey Counties, excluding the cities of Minneapolis, Saint Paul, Bloomington, Plymouth, Richfield, and St. Louis Park.