Minnesota Administrative Rules

4900.2701 DEFINITIONS.

Subpart 1.

Scope.

The terms used in parts 4900.2700 to 4900.2707 have the meanings given them in this part.

Subp. 2.

Agency.

"Agency" means the Minnesota Housing Finance Agency created by Minnesota Statutes, sections 462A.01 to 462A.24.

Subp. 3.

Applicant.

"Applicant" means one or more entities that submit an application to the agency for a loan under a family rental housing program.

Subp. 4.

Application.

"Application" means a submittal requesting a loan from the agency for a family rental housing program.

Subp. 5.

Development.

"Development" means the housing to be constructed or rehabilitated by the applicant as described in the application.

Subp. 6.

Family rental housing.

"Family rental housing" means rental housing consisting of units with two or more bedrooms.

Subp. 7.

Family rental housing program.

"Family rental housing program" means a loan program authorized by Minnesota Statutes, section 462A.21, subdivision 8b, for the acquisition, rehabilitation, or new construction of family rental housing.

Subp. 8.

Loan.

"Loan" means a disbursement of funds to an eligible applicant under a family rental housing program.

Statutory Authority:

MS s 462A.06

History:

15 SR 12

Published Electronically:

June 11, 2008