Minnesota Administrative Rules
Agency 148 - Housing Finance Agency
Chapter 4900 - HOUSING LOANS AND GRANTS
RECEIVERSHIP REVOLVING LOAN FUND
Part 4900.2904 - FEES
Current through Register Vol. 48, No. 39, March 25, 2024
Subpart 1. Property management fees.
Property management fees may be disbursed at the greater of $150 per building or a rate of:
Subp. 2. Supplemental management fees.
Supplemental management fees for coordination of repairs and bids may be disbursed in an amount equal to the greater of $1,000 or:
The schedule in items A to D reflects maximum loan amounts. Administrators are not precluded from expending additional fees from rent, other loans, or revenues from the property.
In the event there is no progress in the court-ordered repairs, improvements, or alterations for any six-month period, the agency may, in its sole option and discretion, terminate any future disbursements of any and all remaining undisbursed loan proceeds.
Statutory Authority: MS s 462A.06