§
Subp. 2.
Permitted uses.
Challenge program funds may be used for the following purposes:
§
A.
acquisition of land or existing structures;
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B.
construction of housing;
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C.
rehabilitation of housing;
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D.
conversion to housing from another use;
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E.
demolition or removal of existing structures according to Minnesota Statutes, section 462A.33, subdivision 1, paragraph (c);
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F.
provision of interim financing for owner-occupied housing;
§
G.
provision of construction financing for rental housing;
§
H.
provision of permanent financing;
§
I.
reduction of interest rates for owner-occupied housing;
§
J.
refinancing of existing loans; or
§
K.
provision of financing to fill a funding gap, as provided in Minnesota Statutes, section 462A.33, subdivision 1, paragraph (a).