From: Rick Beeson Sent: Monday, April 17, 2023 6:16 PM To: Patrick McQuillan Subject: Letter of Support/Homestead Application Status ITIN-HF 1938, ARTICLE 3, Section 7 Dear Members of the House Committee on Taxation: Sunrise Banks is the state leader in originating and in-house servicing ITIN mortgages to immigrant families for over five years. Sunrise is a socially-focused private commercial bank delivering affordable and educationally-based banking products to underserved communities. This year Sunrise is expanding its below market interest rate and highly popular ITIN product branded "Pathway2Home" throughout Minnesota with a focus on southern and western Minnesota communities. Sunrise is engaging with the local business and not-for-profit sectors in delivery. Having provided hundreds of ITIN mortgages and having created long-term relationships with those families, we can state categorically how necessary and appropriate it would be for the Minnesota legislature to approve homestead tax designation to these very deserving owner-occupants. They deserve the certainty and benefit of homestead tax designation and are wonderful additions-whether residing in urban neighborhoods or elsewhere in Minnesota. Thank you for giving these families your consideration. Rick Beeson Executive Vice-President for Corporate Development & Government Relations Sunrise Banks 2525 Wabash Avenue Saint Paul, MN. 55114 Direct: 651-523-7830 www.sunrisebanks.com Sunrise Banks made the following annotations: This e-mail, and any attachments, contains information that is, or may be, covered by electronic communications privacy laws, and is also confidential and proprietary in nature, intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Sunrise Banks. If you are not the intended recipient, please be advised that you are legally prohibited from retaining, using, copying, distributing, or otherwise disclosing this information in any manner. Please reply to the sender that you have received this communication in error, and then immediately delete it. SECURITY NOTICE: Sunrise Banks will never ask you to send non-public private information through e- mail, such as your PIN, Social Security numbers, or account numbers. Please do not respond to any e- mail requesting this type of information.