Minn. R. agency 148, ch. 4900, URBAN AND RURAL HOMESTEADING PROGRAM, pt. 4900.2480

Current through Register Vol. 49, No. 20, November 12, 2024

Part 4900.2480 - SELECTION OF ELIGIBLE ORGANIZATION

Subpart 1.Criteria.

The agency shall take the following criteria into consideration when determining whether an applicant will receive a grant under the program.

A. The prior experience of the applicant in establishing, administering, and maintaining affordable housing programs for low- and moderate-income households.

B. The prior experience of the applicant in purchasing and rehabilitating residential property for resale or rental.

C. The documented availability on reasonable terms and conditions of both eligible properties and resources through which the properties may be rehabilitated, or as permitted, demolished and constructed, within the designated area identified by the applicant in the application.

D. The feasibility of the program as developed by the applicant.

E. The availability of outside sources of funds for either administrative costs or to provide for purchase, rehabilitation, or as permitted, purchase, demolition, and construction, and sale of properties under the program, or both.

F. The feasibility of the proposed budget in meeting the objectives of the program.

G. The capacity of the applicant to:

(1) organize and continue an ongoing relationship with the local neighborhood advisory board;

(2) provide the necessary staff to administer the program on the local level for an extended period;

(3) assist homebuyers by linking them with service providers to enhance their possibility of successful homeownership; and

(4) the ability to service the contract for deed and manage the revolving fund created under the program.

Subp. 2.Agency may provide assistance.

Nothing in subpart 1 shall be construed to preclude the agency from conducting outreach, encouraging potentially eligible organizations to develop applications, or contacting or interviewing applicants regarding their applications before application selection.

Minn. R. agency 148, ch. 4900, URBAN AND RURAL HOMESTEADING PROGRAM, pt. 4900.2480

14 SR 2632; 26 SR 863; 29 SR 1479

Statutory Authority: MS s 462A.06