Minn. R. agency 148, ch. 4900, CAPITAL FUNDING, pt. 4900.3720

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

Part 4900.3720 - CAPITAL FUNDING

The agency shall provide construction and permanent financing for rental housing from the housing trust fund program in the form of a deferred loan. The agency shall provide housing trust fund program funds in the form of a grant if:

A. the applicant provides documentation confirming that another funding source requires the agency's funds to be provided in the form of a grant; and

B. the other funding source is providing a greater amount of funding than the agency is providing.

Minn. R. agency 148, ch. 4900, CAPITAL FUNDING, pt. 4900.3720

26 SR 1511; 29 SR 1479

Statutory Authority: MS s 462A.06