Minnesota Administrative Rules

4900.3530 ELIGIBLE APPLICATIONS.

The applicant must submit an application in the form and at the time prescribed by the agency. At a minimum, the application must include pertinent details on the following:

A.

information describing the site of development, including the location, present use and zoning, surrounding land uses, and physical characteristics of the site that might affect construction;

B.

a description of the development, including the building type, the size and number of dwelling units, and the characteristics of the development that make it appropriate for residency by households;

C.

information with respect to the market for the development, including reports of market surveys or analyses and documentation of need for the development;

D.

a description of the acquisition, rehabilitation, or new construction to be completed, including a schedule of the proposed uses of any requested loan funds and the amounts proposed to be allocated to each use;

E.

a budget for the development showing all development costs, operating costs, sources of financing sought or secured, proposed rent schedule, and any other sources of income; and

F.

a timetable for completion of the development.

Statutory Authority:

MS s 462A.06

History:

19 SR 1150

Published Electronically:

June 11, 2008