Minnesota Administrative Rules

4900.2460 APPLICATION BY ELIGIBLE ORGANIZATION.

Subpart 1.

Preliminary eligibility.

The applicant must be a political subdivision, or a nonprofit entity as defined in part 4900.0010, subpart 21, that has as a primary purpose the provision or development of affordable housing to low- and moderate-income homebuyers.

Subp. 2.

Application.

The applicant must provide an application on a form prescribed by the agency that will document the entity's ability to develop and maintain the program as provided under parts 4900.2400 to 4900.2620. At a minimum, this application shall include:

A.

documentation that the applicant meets the eligibility requirements in subpart 1;

B.

a description of the applicant's organization that demonstrates that the applicant:

(1)

has experience in acquisition and rehabilitation of housing for low- and moderate-income homebuyers; and

(2)

has the ability to organize and complete the program;

C.

a detailed description of how the applicant proposes to develop and administer the program, including, but not limited to:

(1)

the designated area in which the program is to be delivered and the availability of eligible properties on reasonable terms and conditions within the designated area;

(2)

a definition and description of the at-risk homebuyers to whom the applicant proposes to sell eligible property under the program;

(3)

a definition and description of the good neighbor policy to which the at-risk homebuyers must adhere;

(4)

the structure and specific duties of the local neighborhood advisory board as described in parts 4900.2400 to 4900.2620;

(5)

the standard to which properties under the program will be acquired and rehabilitated;

(6)

the means by which outreach for at-risk homebuyers will be undertaken, and by which such homebuyers will be selected;

(7)

the qualifications of staff; and

(8)

proposed means of record keeping; and

D.

a detailed budget for the program showing all sources and uses of funds, including administrative funds that may be provided from sources other than the grant.

Statutory Authority:

MS s 462A.06

History:

14 SR 2632; 29 SR 1479

Published Electronically:

June 11, 2008