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Minnesota Legislature

Office of the Revisor of Statutes

4900.2706 SELECTION CRITERIA.

The agency shall take the following criteria into consideration when determining whether an application and applicant will be selected for a loan from a family rental housing program:

A.

the documented need for the residential housing in the proposed geographic area;

B.

the ability of the applicant to proceed expeditiously with the development;

C.

the applicant's prior experience in developing, owning, and operating residential housing;

D.

the cost and quality of the proposed housing;

E.

the geographic distribution of loan funds, to the extent that loan funds can be used to assist projects throughout the state;

F.

the relationship of the proposed development to public facilities, sources of employment, and services, including public transportation, health, education, and recreation facilities;

G.

the appropriateness of the development for occupancy by families; and

H.

the extent to which the loan funds are combined with other sources of funding to make the development economically feasible and rents affordable for low-income families.

Statutory Authority:

MS s 462A.06

History:

15 SR 12

Published Electronically:

June 11, 2008