The applicant must be a political subdivision, or a nonprofit entity as defined in part 4900.0010, subpart 21, that has as a primary purpose the provision or development of affordable housing to low- and moderate-income home buyers.
The applicant must provide an application on a form prescribed by the agency that will document the entity's ability to develop and maintain the program as provided under parts 4900.2400 to 4900.2620. At a minimum, this application shall include:
a description of the applicant's organization that demonstrates that the applicant:
has experience in acquisition and rehabilitation of housing for low- and moderate-income home buyers; and
a detailed description of how the applicant proposes to develop and administer the program, including, but not limited to:
the designated area in which the program is to be delivered and the availability of eligible properties on reasonable terms and conditions within the designated area;
a definition and description of the at-risk home buyers to whom the applicant proposes to sell eligible property under the program;
a definition and description of the good neighbor policy to which the at-risk home buyers must adhere;
the structure and specific duties of the local neighborhood advisory board as described in parts 4900.2400 to 4900.2620;
the means by which outreach for at-risk home buyers will be undertaken, and by which such home buyers will be selected;
a detailed budget for the program showing all sources and uses of funds, including administrative funds that may be provided from sources other than the grant.
MS s 462A.06
14 SR 2632; 29 SR 1479
December 4, 2020
Official Publication of the State of Minnesota
Revisor of Statutes