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Attachment 2 <br /> Alternate Application Procedures <br /> Cities ma y also apply to MHFA for 111CPP participation or an allocation for self issuance of bonds by <br /> submitting the following documentation: <br /> The city must submit a housing plan as described In Minnesota Statutes section 462C.03, <br /> Subdivisions 1 and 1a; arid, <br /> 2. The city must provide information which clearly establishes that the program to be funded <br /> with mortgage revenue bonds meets the requirements of the program pertaining to borrower <br /> income limits, house price limits, limits on new construction both in the Twin cities M A and <br /> outside the Turin cities LISA and restrictions on builder set-asides (see Minnesota Rules Fart <br /> 4900. 0, subpart 2 through 7); and <br /> 3. The city must re uest a specific allocation from the housing pool by February 15+ 1 998, to be <br /> � � f the pool based on current population <br /> determined by the city's per capita percentage share o <br /> statistics. The minimum allocation that may be requested is 1 00,000; and <br /> 4. The city must describe, if applicable, the steps it will initiate in non-metropolitan areas to� <br /> encourage loans for existing housing before new housing; and <br /> 5. If the city issues and sells bonds independently, it trust maintain accurate records of funds <br /> usage loans originated) and provide these records to MHFA: upon request, to confirm <br /> compliance with statutory usage requirements. <br /> If th i s pp alternate application method is used, attach a letter of clarification indicating if application is <br /> be in g made for the MCPP (where MH FA sells bonds on the city's behalf), under a joint powers <br /> arrangement, or for an allocation to issue bonds independently. <br />