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1995-05-02 More Minutes
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1995-05-02 More Minutes
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1/5/2010 9:57:49 AM
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IF MINNESOTA HOUSING FINDS NON- COMPLIANCE: <br /> • <br /> 1) THEY WILL ISSUE A LETTER STATING THE PROBLEM AREAS <br /> AND SET A TIME FOR REINSPECTION <br /> 2) IF ITEMS OF CONCERN ARE NOT CORRECTED, MINNESOTA HOUSING <br /> CAN WITHDRAW ANY OR ALL OF THE TAX CREDITS ISSUED TO THIS <br /> PROJECT AS THEY SEE FIT, <br /> 3) NEIGHBORHOOD AND COMMUNITY PROBLEMS CAN BE AN ISSUE FOR <br /> NON - COMPLIANCE. <br /> RESULT: <br /> IF A PROJECTS' TAX CREDITS ARE WITHHEALD FORM THE INVESTOR, <br /> THEY ARE LOSING EVERY DAY. <br /> SO HERE LIES THE MOTIVATION BY ALL INVOLVED TO RUN THE BEST <br /> PROJECT POSSIBLE. <br />
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