Minnesota Administrative Rules

4900.1805 DEFINITIONS.

Subpart 1.

Scope.

The terms used in parts 4900.1804 to 4900.1808 have the meanings given them in this part.

Subp. 2.

Agency.

"Agency" means the Minnesota Housing Finance Agency.

Subp. 3.

Applicant.

"Applicant" means one or more persons or entities who submit an application to the agency for a shared housing grant or loan.

Subp. 4.

Application.

"Application" means a submittal requesting a grant or loan to pay the cost of acquisition, construction, or rehabilitation of a structure into a shared housing facility for occupancy by low and moderate income elderly.

Subp. 5.

Low and moderate income elderly or elderly.

"Low and moderate income elderly" or "elderly" means persons 55 years of age and older with incomes which do not exceed the greater of 80 percent of the statewide or area median household income as estimated by the United States Department of Housing and Urban Development.

Subp. 6.

Shared housing program or program.

"Shared housing program" or "program" means the agency's plan and procedures designed to provide grants or loans to housing sponsors for the acquisition, construction, or conversion of existing structures into shared housing facilities that contain from three to 12 private sleeping rooms, with shared cooking facilities and common space, for occupancy by low- and moderate-income elderly.

Subp. 7.

Structure.

"Structure" means a building to be acquired, constructed, or rehabilitated for use as shared housing.

Subp. 8.

Shared housing.

"Shared housing" means a structure for occupancy by the elderly that contains from three to 12 private sleeping rooms, shared cooking facilities, and common space.

Statutory Authority:

MS s 462A.06

History:

10 SR 2161

Published Electronically:

October 2, 2013