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4900.3404 SELECTION CRITERIA.

The agency shall take the following criteria into consideration when determining whether an application and applicant will be selected for a loan or grant under the program. Priority will be given to proposals that address the needs of the Native American population and veterans of military service:

A.

the prior experience of the applicant in development and managing similar residential housing;

B.

the extent to which loan or grant funds are combined with other funds from private or public sources to make the development economically feasible;

C.

the documented need for this type of residential housing in the proposed geographic area;

D.

the geographic area to be serviced, to the end that a reasonable distribution of low-income housing can be achieved;

E.

the extent to which the structure must provide a physical environment that is responsible to the needs of the population to be served; and

F.

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

Statutory Authority:

MS s 462A.06

History:

17 SR 569

Published Electronically:

June 11, 2008

Official Publication of the State of Minnesota
Revisor of Statutes