Minn. R. agency 148, ch. 4900, SINGLE-FAMILY MORTGAGE REVENUE BONDS, pt. 4900.3230

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

Part 4900.3230 - APPLICATION FOR MORTGAGE REVENUE BOND AUTHORITY

Subpart 1.General.

Cities may apply to the agency for mortgage revenue bond authority from the housing pool as provided in subparts 2 and 3.

Subp. 2.Application period.

In the event that bonding authority is available in the housing pool on the dates prescribed, cities may submit applications to the agency for single-family mortgage revenue bond authority for eligible programs.

Subp. 3.Application requirements.

Cities that wish to apply for single-family mortgage revenue bond authority must submit:

A. an application on a form developed by the agency that establishes that the program meets the requirements of part 4900.3220, subparts 2 to 4, and Minnesota Statutes, section 474A.061, subdivision 2a;

B. an application deposit by check payable to the Department of Management and Budget equal to one percent of the requested allocation from the housing pool; and

C. an application fee as described in Minnesota Statutes, section 474A.03, subdivision 4.

Minn. R. agency 148, ch. 4900, SINGLE-FAMILY MORTGAGE REVENUE BONDS, pt. 4900.3230

15 SR 2043; 16 SR 1913; 24 SR 1332; L 2009 c 101 art 2s 109

Statutory Authority: MS s 14.05; 462A.06