Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
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.
Statutory Authority:
MS s 462A.06
History:
26 SR 1511; 29 SR 1479
Published Electronically:
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes