Minnesota Administrative Rules

4900.2801 DEFINITIONS.

Subpart 1.

Scope.

The terms used in parts 4900.2800 to 4900.2805 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 rental housing program for individuals.

Subp. 4.

Application.

"Application" means a submittal requesting a loan from a rental housing program for individuals.

Subp. 5.

Development.

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

Subp. 6.

Loan.

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

Subp. 7.

Rental housing for individuals.

"Rental housing for individuals" means rental housing consisting of single rooms, efficiency units, or one bedroom units.

Subp. 8.

Rental housing program for individuals.

"Rental housing program for individuals" means a loan program authorized by Minnesota Statutes, section 462A.21, subdivision 8c, for the acquisition or rehabilitation of rental housing for individuals.

Statutory Authority:

MS s 462A.06

History:

15 SR 12

Published Electronically:

June 11, 2008