To be eligible to apply for rental assistance funding under the housing trust fund program, an applicant must be:
a for-profit organization;
a joint powers board established by two or more cities;
a public housing agency;
an Indian tribe or tribal housing corporation; or
a natural person.
Applicants must demonstrate experience and ability in the administration of tenant-based, sponsor-based, or project-based rental assistance or must partner with an organization with demonstrated experience and ability in the administration of tenant-based, sponsor-based, or project-based rental assistance.
Applicants for project-based rental assistance must be the owner of a rental housing development that is funded with a loan or a grant from the agency or an applicant for a loan or grant from the agency to fund the acquisition, construction, or rehabilitation of rental housing.
MS s 462A.06
26 SR 1511
June 11, 2008