Minn. R. agency 148, ch. 4900, CAPACITY BUILDING REVOLVING LOAN PROGRAM, pt. 4900.1928

Current through Register Vol. 49, No. 29, 2025

Part 4900.1928 - ELIGIBLE APPLICATIONS

The applicant must provide an application in the form prescribed by the agency. At a minimum, the application shall include the following:

A. a complete description of the project including:

(1) a statement of the applicant's goals and objectives for the project;

(2) a description of the site;

(3) a description of the construction or rehabilitation to be completed; and

(4) a description of the population for which the housing is being developed;

B. a proposed budget for the project including:

(1) a budget for the development of the project showing all development costs;

(2) a budget for the operation of the project showing all anticipated operating costs, the proposed rents, and other sources of income; and

(3) sources of funding sought or secured for the project;

C. a proposed budget for the use of loan funds received from the capacity building revolving loan program; and

D. a proposed timetable for the project, including a schedule for repayment of loan funds.

Minn. R. agency 148, ch. 4900, CAPACITY BUILDING REVOLVING LOAN PROGRAM, pt. 4900.1928

15 SR 12

Statutory Authority: MS s 462A.06