Minnesota Administrative Rules
Agency 148 - Housing Finance Agency
Chapter 4900 - HOUSING LOANS AND GRANTS
RENTAL HOUSING FOR INDIVIDUALS
Part 4900.2803 - ELIGIBLE APPLICATIONS
Current through Register Vol. 48, No. 39, March 25, 2024
The applicant must provide an application in the form prescribed by the agency. At a minimum, the application shall include the following:
A. information describing the site of the proposed development including the location, present use and zoning, surrounding land uses, and distance to transportation, commercial, and social services;
B. a description of the proposed housing development including the building type, the size and number of dwelling units, and the characteristics of the development that make it appropriate for residency by individuals;
C. information with respect to the market for the proposed development including reports of market surveys or analyses, documentation of need for the development, and a proposed marketing and tenant selection plan;
D. a description of the construction or rehabilitation to be completed including a schedule of the proposed uses of any requested loan funds and the amounts proposed to be allocated to each use;
E. detailed budget for the development showing all development costs, operating costs, sources of financing sought and secured, proposed rent schedule, and any other sources of income; and
F. a timetable for completion of the development.
Statutory Authority: MS s 462A.06
