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A city may develop and administer programs of (1) making or purchasing mortgage or
rehabilitation loans pursuant to section 462C.03 to finance the acquisition or rehabilitation of
single family housing by low and moderate income persons and families anywhere within its
boundaries, or (2) making or purchasing loans pursuant to section 462C.05 to finance multifamily
housing developments or the rehabilitation of multifamily housing developments if the program is
submitted for review pursuant to section 462C.04, subdivision 2.
History: 1979 c 306 s 1; 1982 c 624 s 1; 1995 c 167 s 1

Official Publication of the State of Minnesota
Revisor of Statutes