An applicant for a family rental housing program loan must, at the time of application, possess one of the following interests in the property:
a fee title subject to a mortgage or other lien securing a debt capable of prepayment or, at the option of the agency, subordination; or
To be eligible for selection as a recipient of a loan from a family rental housing program, an applicant must be:
MS s 462A.06
15 SR 12
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes