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The applicant must provide an application in the form prescribed by the agency. At a minimum, the application shall include the following:


a complete description of the project including:


a statement of the applicant's goals and objectives for the project;


a description of the site;


a description of the construction or rehabilitation to be completed; and


a description of the population for which the housing is being developed;


a proposed budget for the project including:


a budget for the development of the project showing all development costs;


a budget for the operation of the project showing all anticipated operating costs, the proposed rents, and other sources of income; and


sources of funding sought or secured for the project;


a proposed budget for the use of loan funds received from the capacity building revolving loan program; and


a proposed timetable for the project, including a schedule for repayment of loan funds.

Statutory Authority:

MS s 462A.06


15 SR 12

Published Electronically:

June 11, 2008