Code of Massachusetts Regulations
761 CMR - MASSACHUSETTS HOME MORTGAGE FINANCE AGENCY
Title 761 CMR 9.00 - Neighborhood Preservation Area Program
Section 9.03 - Stages in the Designation of a NPA
Current through Register 1531, September 27, 2024
(1) Preliminary Stage. Once MHMFA receives the application, the staff will review the available data and determine if the neighborhood meets the criteria outlined below. If preliminary approval is given, a site visit and meeting with potential program participants will be arranged. The application will be submitted for review by DCA and approval of the MHMFA Board of Directors.
(2) Negotiation Stage. MHMFA and local participants will negotiate specific roles and timetables for each contributor to the Neighborhood Preservation Area Program. Since the needs of any given neighborhood and the potential roles of participants will vary from one neighborhood to another, there will be no standard format for final agreements. Once mutually acceptable commitments are developed, contracts will be executed and the application approved.
