Minnesota Administrative Rules
Agency 148 - Housing Finance Agency
Chapter 4900 - HOUSING LOANS AND GRANTS
PLANNING GRANT
Part 4900.0420 - AUTHORIZATION OF PLANNING GRANTS
Current through Register Vol. 48, No. 39, March 25, 2024
No planning grant shall be made until the members of the agency have received and reviewed the recommendation of the commissioner, relating to such planning grant, and until the members of the agency have adopted a resolution approving such grant, which resolution shall include determinations that:
A. the applicant is a local community;
B. the local community is reasonably expected to be able to implement successfully the plan;
C. the plan will meet a social need in the area in which it is to be operative;
D. the development of the plan will assist in fulfilling the purposes of the act;
E. the amount of the grant is not in excess of the net costs, exclusive of any federal aid or assistance, as have been or may reasonably be anticipated to be incurred by the local community in connection with the plan; and
F. the plan relates to a specific site upon which housing is or will be situated, or relates to a site which is or will be used for purposes which are reasonably related to such housing.
In addition, any such resolution may contain such other provisions and conditions which the members of the agency, in their sole discretion, deem advisable.
Statutory Authority: MS s 462A.06
