Minnesota Administrative Rules

4900.1210 SELECTION CRITERIA FOR INNOVATIVE HOUSING LOANS.

In determining whether or not to accept applications from nonprofit or for-profit entities for innovative housing loans, the members shall examine the following facts and make their determinations thereon:

A.

the extent to which the project will conserve energy, result in a more efficient use of energy, or employ a source of energy not generally utilized by the housing industry;

B.

the extent to which the innovation is likely to be capable of widespread, practical, and economic use;

C.

the geographic location of the proposed project within the state of Minnesota, taking into account other projects theretofore approved for innovative housing loans;

D.

the period of time required to complete the project;

E.

the extent to which the project duplicates, or is in conflict with, other innovations in housing design, methods, or materials;

F.

the extent to which the innovation will be capable of being monitored to demonstrate its efficiency, economy, acceptability, effectiveness, and durability;

G.

the extent to which the innovation will be capable of and available for demonstration;

H.

the amount and term of the requested innovative housing loan, as compared to the total resources of the agency available for such loans; and

I.

whether the applicable regional development commission has determined that the project is consistent with regional plans and policies.

Statutory Authority:

MS s 462A.06

History:

10 SR 354

Published Electronically:

June 11, 2008