Minn. R. agency 148, ch. 4900, FAMILY RENTAL HOUSING LOAN PROGRAM, pt. 4900.2706 - SELECTION CRITERIA

The agency shall take the following criteria into consideration when determining whether an application and applicant will be selected for a loan from a family rental housing program:

A. the documented need for the residential housing in the proposed geographic area;

B. the ability of the applicant to proceed expeditiously with the development;

C. the applicant's prior experience in developing, owning, and operating residential housing;

D. the cost and quality of the proposed housing;

E. the geographic distribution of loan funds, to the extent that loan funds can be used to assist projects throughout the state;

F. the relationship of the proposed development to public facilities, sources of employment, and services, including public transportation, health, education, and recreation facilities;

G. the appropriateness of the development for occupancy by families; and

H. the extent to which the loan funds are combined with other sources of funding to make the development economically feasible and rents affordable for low-income families.

Notes

Minn. R. agency 148, ch. 4900, FAMILY RENTAL HOUSING LOAN PROGRAM, pt. 4900.2706

15 SR 12

Statutory Authority: MS s 462A.06