Code of Massachusetts Regulations
761 CMR - MASSACHUSETTS HOME MORTGAGE FINANCE AGENCY
Title 761 CMR 9.00 - Neighborhood Preservation Area Program
Section 9.02 - Eligible Applicants
Current through Register 1531, September 27, 2024
MHMFA will encourage and accept preliminary applications from towns and cities, local financial institutions, community and neighborhood groups, and non-profit corporations concerned with housing and community development or other interested institutions and groups. However, every application must contain commitments from the municipality, local financial institutions, and neighborhood organizations. These commitments should be specific as possible. There must be an indication of a willingness to:
(a) participate in the development of a neighborhood preservation program and
(b) play a tangible role in the eventual implementation of the Neighborhood Preservation Program. Therefore, while any interested party may initiate the application process, approval of an application by MHMFA requires the active participation of each essential component -- the neighborhood, the municipality, and the financial institutions.