Minnesota Administrative Rules

4900.3434 SELECTION CRITERIA FOR LOANS.

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:

A.

the need for the type of housing which will be created by the eligible activities described in the application;

B.

the extent to which other resources are or will be allocated to address the stated need;

C.

the extent to which the land trust loan funds are combined with other funds from private or public sources;

D.

the geographic distribution of the applications, to the extent that funds can be used for land trust activities throughout the state;

E.

the extent to which persons or families of low and moderate income will benefit from the eligible activities;

F.

the extent to which displacement of residents will be minimized;

G.

the extent to which the eligible activities are more innovative than other proposals;

H.

the extent to which the application receives the support and participation of the local community;

I.

the reasonableness of the cost and quality of the eligible activities;

J.

the experience and capacity of the applicant to perform land trust activities and provide administrative support services for an extended period of time; and

K.

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.

Statutory Authority:

MS s 462A.06

History:

18 SR 390

Published Electronically:

June 11, 2008