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1998_0223_packet
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1998_0223_packet
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A. Provide ide a description of your city's principal housing needs. <br /> B. List the data sources or methods used to determine the described needs. <br /> C. . plan developed to meet your <br /> Explain the specific p identified housing needs,� t the <br /> including <br /> the resources to he accessed, and the methods used to carry out <br /> plan. <br /> D. Describe any target areas to he addressed in the plan. <br /> E. Explain how the plan will he implemented and the administrative capacity of your <br /> city to do so. <br /> Note: If you h ave already completed a Housing Plan i n accordance with <br /> Minnesota statutes, section 46 .03 within the past 12 months, you may attach a <br /> ' f the above requirement. Housing Plans over 12 months old may he <br /> Dopy in lieu o � - and the Iar� i s <br /> acceptable table rovided the information is still valid, � <br /> p <br /> updated with appropriate attachments and comments. <br /> A. Explain how your first-time home buyer program fits into your comprehensive <br /> housing plan, <br /> B. List the borrower income limits. (see the attached program guidelines for <br /> limitations.) <br /> C. List the home purchase price limits. (see the attached program guidelines for <br /> limitations.) <br /> in of specific population groups, if any (e.g., minorities, the <br /> D. Identify targeting #� p p <br /> disabled, business employees, etc.). <br /> targeting of area or housing stocl�� if any (e.g., rehab areas new <br /> E. identify � � <br /> construction developments, etc.). <br /> F. Describe any optional program enhancements such as subsidy funds, waived fees, <br /> g <br /> use of tax-forfeit properties, etc. that you will offer, if airy. <br /> G. Describe your proposed schedule for release of funds (whether immediate,, <br /> delayed, or on a proportional/divided basis). <br /> H. �first the amount <br /> of funds requested, and the estimated n u mhe r of loans to be <br /> provided. If preferred,. "maximum maximum allowable" (by population formula). <br /> 1. If desired., specify <br /> the minimum allocation needed for your 1998 program. If the <br /> per capita <br /> allocation formula does not provide this level, MHFA will contact you <br /> regarding the cancellation of your application. <br /> J. provide info rmation concerning any unused mortgage revenue bond or mortgage <br /> credit certificate resources still available 'in your community (non-MHFA). <br />
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