Minnesota Administrative Rules
Agency 148 - Housing Finance Agency
Chapter 4900 - HOUSING LOANS AND GRANTS
SINGLE-FAMILY MORTGAGE REVENUE BONDS
Part 4900.3230 - APPLICATION FOR MORTGAGE REVENUE BOND AUTHORITY
Universal Citation: MN Rules 4900.3230
Current through Register Vol. 48, No. 39, March 25, 2024
Subpart 1. General.
Cities may apply to the agency for mortgage revenue bond authority from the housing pool as provided in subparts 2 and 3.
Subp. 2. Application period.
In the event that bonding authority is available in the housing pool on the dates prescribed, cities may submit applications to the agency for single-family mortgage revenue bond authority for eligible programs.
Subp. 3. Application requirements.
Cities that wish to apply for single-family mortgage revenue bond authority must submit:
A. an
application on a form developed by the agency that establishes that the program
meets the requirements of part
4900.3220, subparts
2 to 4, and Minnesota
Statutes, section
474A.061,
subdivision 2a;
B. an application
deposit by check payable to the Department of Management and Budget equal to
one percent of the requested allocation from the housing pool; and
C. an application fee as described in
Minnesota Statutes, section
474A.03,
subdivision 4.
Statutory Authority: MS s 14.05; 462A.06
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