4900 HOUSING LOANS AND GRANTS

4900.0584 [Repealed, 24 SR 1332] Published Electronically: June 11, 2008

4900.0590 DEFINITIONS. Subpart 1. Scope. For the purposes of parts 4900.0590 to 4900.0594, the following terms have the meanings given them. Subp. 2. Borrower. "Borrower" means one or more persons who apply for and receive a loan under parts 4900.0590 to 4900.0594. A borrower mus…

4900.0591 ELIGIBLE BORROWERS. Subpart 1. Interest in property. A borrower shall individually or in the aggregate possess at least a one-third interest in a fee title, a contract for deed, or a life estate in the property to be improved. For manufactured or factory made housing ta…

4900.0592 ELIGIBLE PROPERTIES. The property to be improved by a home energy loan is restricted as follows: A. The property to be improved may not contain more than two dwelling units. B. The property to be improved may not be in violation of applicable zoning ordinances or other …

4900.0593 OTHER REQUIREMENTS. Subpart 1. In general. Improvements made with home energy loan funds must satisfy the following requirements: A. Improvements made with the proceeds of a home energy loan must be a permanent improvement made upon or in connection with an existing str…

4900.0594 PREFERENCE FOR PERSONS AND FAMILIES OF LOW AND MODERATE INCOME. The agency may, in its sole discretion, give preference to persons and families of low and moderate income by: A. providing home energy loans to these persons and families at lower rates of interest; B. pro…

4900.0601 [Repealed, L 2014 c 161 art 3 s 1] Published Electronically: August 5, 2014

4900.0602 [Repealed, L 2014 c 161 art 3 s 1] Published Electronically: August 5, 2014

4900.0603 [Repealed, L 2014 c 161 art 3 s 1] Published Electronically: August 5, 2014

4900.0604 [Repealed, L 2014 c 161 art 3 s 1] Published Electronically: August 5, 2014

4900.0605 [Repealed, L 2014 c 161 art 3 s 1] Published Electronically: August 5, 2014

4900.0610 SCOPE. Rules in parts 4900.0610 to 4900.0700 govern the home improvement grant program authorized by Minnesota Statutes, section 462A.05, subdivision 15, and the rehabilitation loan program authorized by Minnesota Statutes, section 462A.05, subdivision 14a. The agency i…

4900.0620 RESERVATION OF FUNDS. Subpart 1. Request. For a period of at least 30 days after the agency gives notice that the funds for making rehabilitation grants or loans are available, the agency shall receive requests for reservation of funds from prospective administering ent…

4900.0630 ELIGIBLE RECIPIENTS OF REHABILITATION GRANTS AND LOANS. Subpart 1. Requirement on the application. In addition to all conditions imposed by the act, an application for a rehabilitation grant or loan shall satisfy the following requirements. Subp. 2. Principal place of r…

4900.0640 AMOUNT OF GRANT OR LOAN. Subpart 1. Amount of grant. The amount of the rehabilitation grant shall not exceed the lesser of $6,000, the actual cost of the work performed, or that portion of the cost of rehabilitation which the agency determines cannot otherwise be paid b…

4900.0650 RESPONSIBILITIES OF ADMINISTERING ENTITY. The administering entity shall have the following responsibilities. The administering entity shall have full responsibility for program implementation including public information, reviewing and screening applicants, choosing re…

4900.0660 ELIGIBLE PROPERTIES. Grant and loan funds shall be used only to improve properties which meet the following criteria: A. The property shall be located within the state of Minnesota, be used primarily for residential purposes, and contain no more than two dwelling units,…

4900.0670 ELIGIBLE IMPROVEMENTS. Subpart 1. Requirements. Improvements made with home improvement grant or loan funds shall satisfy the following requirements. Subp. 2. Permanent general improvement. Each improvement shall be a permanent general improvement. Permanent general imp…

4900.0680 REPAYMENT. Subpart 1. Grant. The recipient of a grant and all individuals who signed the application for such grant shall enter into an agreement with the agency for repayment, which shall provide that in the event the property upon which the improvement is located is s…

4900.0690 HOME OWNER LABOR AGREEMENT. An eligible recipient may agree with an administering entity to do some or all of the improvement work without compensation from the proceeds of the grant or loan, if the administering entity is satisfied as to the recipient's skill and abili…

4900.0700 EMERGENCY HOME IMPROVEMENT FUND. The agency may establish a separate fund known as the emergency home improvement fund. The agency may make emergency home improvement grants and loans in extraordinary circumstances relating to damage to the property as a result of event…

4900.0710 [Repealed, 24 SR 1332] Published Electronically: June 11, 2008

4900.0720 [Repealed, 24 SR 1332] Published Electronically: June 11, 2008

4900.0730 [Repealed, 24 SR 1332] Published Electronically: June 11, 2008

4900.0740 [Repealed, 24 SR 1332] Published Electronically: June 11, 2008

4900.0750 DEFINITIONS. Subpart 1. Applicability. For the purposes of parts 4900.0750 to 4900.0780, and except as otherwise provided, the terms defined in this part have the meanings given them. Subp. 2. Accessibility improvement. "Accessibility improvement" means an interior or e…

4900.0760 ELIGIBILITY. Subpart 1. General conditions. The agency may make funds available for the purpose of making accessibility improvements, for technical assistance in the design and construction of such accessibility improvements, and for repairs relating to the installation…

4900.0770 DISTRIBUTION OF ACCESSIBILITY DEFERRED LOANS. Subpart 1. Availability. Accessibility funds shall be provided in the form of deferred loans. A household will be eligible for a loan representing the total of approved expenses, or the maximum assistance available, whicheve…

4900.0780 REPAYMENT. The recipient of a deferred loan shall enter into an agreement with the agency for repayment of the loan. The recipient shall repay the entire amount of the deferred loan only in the event the property upon which the improvement is located is sold, transferre…

4900.0900 SCOPE. Parts 4900.0900 to 4900.1080, together with the loan agreement and amendments thereto, hereinafter called the "agreement": A. govern the housing programs for American Indians of low and moderate income as authorized by Minnesota Statutes, section 462A.07, subdivi…

4900.0910 DEVELOPMENT OF PLAN. In developing each such housing program, the tribe, band, and communities shall take into account the housing needs of all American Indians residing both on and off reservations within the state. A plan, hereinafter the "plan," for each such program…

4900.0920 QUALIFICATIONS FOR HOUSING. Except as otherwise provided herein and by part 4900.0340, each recipient of a loan pursuant to the act, plan, and parts 4900.0900 to 4900.1080 and each person or family initially occupying a dwelling unit financed pursuant thereto shall be a…

4900.0930 ADJUSTED INCOME. Adjusted income shall be computed in accordance with part 4900.0010, subparts 3 and 12. To calculate adjusted income for purposes of parts 4900.0900 to 4900.1080, for all lending programs other than the off reservation demonstration program referred to …

4900.0940 REFINANCING EXISTING LOANS. No loan shall be approved or disbursed for the purpose of refinancing an existing loan. The plan may set funding priorities for the types of housing loans to be made based upon housing need considerations. Statutory Authority: MS s 462A.06 Pu…

4900.0950 LIMIT ON SALE PRICE OR APPRAISAL VALUE. Each plan submitted to MHFA for approval shall provide for a maximum limitation on the sale price or appraised value, whichever is greater, of a structure or structures designed primarily for residential use by not more than four …

4900.0960 DURATION OF LOAN. No loan shall be made for a term in excess of 30 years on a structure or structures designed for occupancy by not more than four families, or a dwelling unit in a planned unit development or a condominium. The maximum term of a rehabilitation loan for …

4900.0970 SECURITY FOR LOANS. Each plan submitted to MHFA for approval shall specify the means by which loans made pursuant to the plan and parts 4900.0900 to 4900.1080 are to be secured. Statutory Authority: MS s 462A.06 Published Electronically: June 11, 2008

4900.0980 RATE OF INTEREST. The rate of interest charged by the tribe, band, or communities on housing loans made pursuant to the act, the plan, and parts 4900.0900 to 4900.1080, shall be negotiated between the tribe, band, or communities, and the MHFA. The prime consideration in…

4900.0990 REMUNERATING MHFA. The agreement shall provide the circumstances under which MHFA shall provide assistance to the tribe, band, or communities and the amount of remuneration to be received by MHFA from the tribe, band, and communities for its assistance and monitoring. S…

4900.1000 REVOLVING HOUSING FUND. The tribe, band, and communities shall repay to MHFA, without interest, all funds advanced to it pursuant to the agreement to the extent and in the manner provided in the agreement. Statutory Authority: MS s 462A.06 Published Electronically: June…

4900.1010 CREDIT RATING. Each plan submitted to MHFA for approval shall contain adequate means for determining that the eligible borrower is an acceptable credit risk. Statutory Authority: MS s 462A.06 Published Electronically: June 11, 2008

4900.1020 AUDIT BY LEGISLATIVE AUDITOR. All of the official books and records of the tribe, band, and communities relating to the housing program shall be subject to audit by the legislative auditor in the manner prescribed for agencies of state government as required by the act.…

4900.1030 FINAL DECISION ON LOANS. Each final decision on applications for loans to eligible borrowers made by the tribe, band, or communities from the moneys appropriated by the act, or from the revolving loan fund under the jurisdiction of the tribe, band, or communities, shall…

4900.1040 DUTIES OF ORIGINATOR. The tribe, band, and communities shall each provide information on their respective plans to eligible borrowers, receive and process loan applications, provide MHFA with a summary of the applications to be funded on a form provided by MHFA, and est…

4900.1050 BUILDING CODE. All authorized construction funded by an eligible loan and accomplished pursuant to an approved plan shall conform to the Uniform Building Code of the state of Minnesota and all applicable federal regulations, rules, or codes. Each plan submitted to MHFA …

4900.1060 ON AND OFF RESERVATION. Each plan shall provide for a reasonable balance in the distribution of funds between American Indians residing on and off reservations within the state, as shown by evidence contained in the plan concerning on- and off-reservation population, pe…