Part 4900.1930 - SELECTION CRITERIA The agency shall take the following criteria into consideration when determining whether an application and an applicant will be selected for a loan under the program:
A. the likelihood of repayment of the loan funds, as determined by standard underwriting procedures of the agency;B. the ability of the applicant to proceed expeditiously with the project;C. the cost and quality of the proposed housing;D. the extent to which the proposed project meets the housing needs of the community;E. the extent to which the project will build the organization's capacity to provide housing and housing related services; andF. the geographic distribution of loan funds, to the extent that loan funds can be used to assist projects throughout the state.Minn. R. agency 148, ch. 4900, CAPACITY BUILDING REVOLVING LOAN PROGRAM, pt. 4900.1930
Statutory Authority: MS s 462A.06