The Minnesota Housing is now accepting applications for the Property Owner Risk Mitigation Fund Program.
Donor Name: Minnesota Housing
State: Minnesota
County: Anoka County (MN), Carver County (MN), Dakota County (MN), Hennepin County (MN), Ramsey County (MN), Scott County (MN), Washington County (MN)
Type of Grant: Grant | Reimbursement
Deadline: 12/05/2025
Size of the Grant: More than $1 million
Grant Duration: 3 Years
Details:
The RMF Program is intended to reduce risks to property owners in efforts to expand housing opportunities for households with barriers to accessing housing or those unable to obtain housing without additional funding coverage or guarantees in place. Grant Proceeds are used to create or expand risk mitigation programs to recruit and engage property owners, reimburse property owners for damages or other eligible costs, link property owners and renter households to tenancy support services, and establish other strategies to support property owners serving eligible households.
Funding Information
Minnesota Housing anticipates awarding up to $1,160,000 in grant funds.
Grant Period
The grant term is three years.
Uses of Funds
Program funds may be used to:
- Create or expand risk mitigation programs to recruit and incentivize property owners to enroll in the RMF Program
- Link eligible renter households to enrolled property owners’ vacant units
- Establish strategies to support property owners renting to eligible households
- Reimburse property owners for damages, other losses, or eligible financial reimbursements, such as costs directly related to meeting enrollment criteria or renting to an eligible household.
Eligible Program Expenses
Up to 15% of the Grant Budget may be used for eligible program administrative expenses. Up to 50% of the Grant Budget may be used to:
- Develop the Program design and materials, including the documents the grantee uses to reflect demonstration of compliance with Program requirements
- Market the Program and recruit property owners to participate
- Build relationships and network with property owners
- Explain the Program and educate property owners
- Enroll property owners into the Program
- Maintain contact and engagement with property owners during the Program
- Establish Property Owner Services, as appropriate (these services must be offered at least for the duration of the initial lease)
- Minnesota Housing may approve, at its sole discretion, other uses as proposed by the applicant to recruit, engage and support property owners.
- Program funds may be used for property owner payments in the form of reimbursements. A property owner enrolled in the RMF Program may receive reimbursement payments for damages or other eligible financial losses that exceed the security deposit amount.
Eligible Households
In order to be eligible:
- Household income must be at or below 200% of federal poverty guidelines;
- Households must be Minnesota residents, or a household otherwise approved in writing by Minnesota Housing, approval of which is at Minnesota Housing’s sole discretion; and
- Households must be homeless or at imminent risk of homelessness and in need of services and/or financial assistance due to a housing crisis.
Eligibility Criteria
To be eligible, applicants do not have to be current FHPAP grantees but must meet at least one of the following FHPAP grantee eligibility criteria:
- Tribal Nations, including those recognized by the state of Minnesota and the federal government: Bois Forte Band of Chippewa, Fond du Lac Band of Lake Superior Chippewa, Grand Portage Band of Lake Superior Chippewa, Leech Lake Band of Ojibwe, Lower Sioux Indian Community, Mille Lacs Band of Ojibwe, Prairie Island Indian Community, Red Lake Nation, Shakopee Mdewakanton Sioux Community, Upper Sioux Community, and the White Earth Nation
- Twin Cities metropolitan area: Counties (which include Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties) and entities other than counties in the metropolitan area, including but not limited to nonprofit organizations
- Non-metropolitan areas (Greater Minnesota): A county, a group of contiguous counties jointly acting together, or a community-based nonprofit organization
- Collaborative applications, including those from Continuum of Care regions and Tribal Nations, are encouraged.
For more information, visit Minnesota Housing.
