The agency shall determine the amount of tenant subsidy. It must be a fixed constant amount per month per tenant household, must be the same for all tenant households selected to receive the subsidy during a fiscal year, and must be based upon the amount of funds available to the agency for the program.
A recipient of a tenant subsidy under the market rate elderly shallow subsidy rental program may receive the subsidy for as long as the recipient occupies the eligible development in which he or she initially received the subsidy.
The agency shall select recipients of the market rate elderly shallow subsidy rental program and shall give priority to the following:
a household that presently occupies substandard or overcrowded housing or housing with serious health or housing code violations;
a household that is not receiving housing assistance under another state, county, city, or federal program;
a household that is in need of the assistance of family members in order to live independently, where such family members live in the immediate vicinity of the eligible development.
If more than one applicant meets these criteria for selection equally, the agency shall prefer the applicant that applied first in time.
The owner or owner's agent of the eligible development in which the recipient resides shall collect from the recipient and place in the development's management accounts an amount equal to the monthly market rent for the unit in which the recipient resides, less the specified subsidy amount. The agency shall apply the subsidy amount as provided in a regulatory agreement with the owner of the eligible development.
MS s 462A.06
9 SR 1249
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes