From time to time, the agency may request applications for financial assistance. The agency shall select applications for financial assistance based on the following criteria:
the need for the type of housing which will be created by the eligible activities described in the application;
the extent to which the land trust loan funds are combined with other funds from private or public sources;
the geographic distribution of the applications, to the extent that funds can be used for land trust activities throughout the state;
the extent to which persons or families of low and moderate income will benefit from the eligible activities;
the extent to which the application receives the support and participation of the local community;
the experience and capacity of the applicant to perform land trust activities and provide administrative support services for an extended period of time; and
if applicable, the experience and capacity of the nonprofit organization to which the applicant proposes to either contract with or lease any part of the property.
MS s 462A.06
18 SR 390
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes