Minnesota Administrative Rules

4900.3730 FUNDING PRIORITIES.

Among proposals that satisfy the selection standards in part 4900.3729, the agency shall give priority in awarding loans or grants for capital funding under the housing trust fund program to those proposals that best address the greatest number of the following priorities:

A.

the extent to which the proposed housing will serve persons and families whose gross incomes, at the time of initial occupancy, do not exceed 30 percent of the median family income for the metropolitan area. This median income may be adjusted for family size for families with five or more people;

B.

the extent to which the amount of rent to be paid by tenants of the proposed housing does not exceed 30 percent of 30 percent of the area median income as determined by HUD. This median income may be adjusted for family size for families with five or more people;

C.

the extent to which the proposal addresses the housing needs of underserved populations;

D.

the extent to which the proposal contains clearly identified goals relating to the housing element of a cooperatively developed plan consistent with the mission of the agency;

E.

the extent to which the proposed housing is located near jobs; transportation, including regional and interregional transportation corridors and transitways; recreation; retail services; social and other services; and schools;

F.

the extent to which the proposed housing is part of the infrastructure necessary to sustain economic vitality;

G.

the extent to which the proposed housing maximizes the adaptive reuse of existing buildings and the use of existing infrastructure. If the proposal includes new housing, the agency shall consider the extent to which the efficient use of land and infrastructure is maximized and the loss of agricultural land and green space is minimized;

H.

the extent to which private investment or investment of local units of government is included as a funding source;

I.

the projected long-term affordability of the proposed housing;

J.

the extent to which the proposed housing provides or maintains housing opportunities for households with a wide range of incomes and housing needs within a community or provides housing opportunities for a wide range of incomes within the proposed housing;

K.

the extent to which the cost per unit is held as low as possible while not compromising the quality and sustainability of the proposed housing;

L.

the extent to which the proposal identifies and includes identifiable cost avoidance or cost reductions from regulatory changes, incentives, or waivers by the local governing body, including, but not limited to:

(1)

density bonuses;

(2)

reduced setbacks and parking requirements;

(3)

decreased road widths;

(4)

flexibility in site development standards and zoning code requirements and waiver of permit or impact fees;

(5)

fast-track permitting and approvals; and

(6)

other regulatory incentives that will result in cost avoidance or reductions.

If a proposal identifies and includes cost savings, the application must provide a quantified breakdown of the cost savings due to regulatory incentives;

M.

the extent to which the proposal reflects locally determined priorities described in the continuum of care plan;

N.

the extent to which the site and design of the proposed housing development is suitable for the housing needs of the proposed tenant population;

O.

the extent to which the applicant has the capacity to complete the proposed housing development in a timely fashion and maintain the housing development after completion;

P.

temporary priorities, as established by the agency board members or the legislature, that reflect unexpected short-term changes in the demand for housing. An example of an unexpected short-term change is the need to direct resources to respond to a natural disaster, such as a flood or tornado. Temporary priorities are described in the application guide;

Q.

the extent to which an application would develop housing for households experiencing long-term homelessness;

R.

the extent to which an application that would develop housing for households experiencing long-term homelessness has a commitment of project-based rental assistance or operating subsidy from other sources; and

S.

the extent to which an application would develop permanent supportive housing.

Statutory Authority:

MS s 462A.06

History:

26 SR 1511; 29 SR 1479

Published Electronically:

June 11, 2008