The applicant shall provide an application in the form prescribed by the agency. The application for capital funding must include:
a description of the applicants' goals and objectives in meeting the area's need for the type of housing proposed;
a detailed description of how the housing will be developed and managed, including a description of the proposed site for the housing and preliminary architectural plans or proposed work scope for the housing;
a detailed budget for the development of the housing showing all development costs and the sources of funds to pay for them;
a detailed budget for the operation of the housing showing all anticipated operating costs and the proposed rents and other income;
a description of the proposed development, management, and operation of any common or commercial space;
a detailed description of whether the proposal involves temporary or permanent displacement or relocation of persons living in affected housing. If the proposal involves temporary or permanent displacement or relocation of persons living in affected housing, the applicant shall develop and submit a plan for minimizing relocation and displacement of the affected persons;
for housing developments where tenants will need social and related services in order to establish or maintain residency, a plan for how the service needs of tenants will be met, including, as appropriate, a detailed budget showing the costs of the services and proposed funding sources for the services;
MS s 462A.06
26 SR 1511; 29 SR 1479
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes