APPLICATION BY ELIGIBLE ORGANIZATION

Subpart 1. Preliminary eligibility. The applicant must be a political subdivision, or a nonprofit entity as defined in part 4900.0010 , subpart 21, that has as a primary purpose the provision or development of affordable housing to low- and moderate-income home buyers. Subp. 2. Application. The applicant must provide an application on a form prescribed by the agency that will document the entity's ability to develop and maintain the program as provided under parts 4900.2400 to 4900.2620 . At a minimum, this application shall include: A. documentation that the applicant meets the eligibility requirements in subpart 1; B. a description of the applicant's organization that demonstrates that the applicant: (1) has experience in acquisition and rehabilitation of housing for low- and moderate-income home buyers; and (2) has the ability to organize and complete the program; C. a detailed description of how the applicant proposes to develop and administer the program, including, but not limited to: (1) the designated area in which the program is to be delivered and the availability of eligible properties on reasonable terms and conditions within the designated area; (2) a definition and description of the at-risk home buyers to whom the applicant proposes to sell eligible property under the program; (3) a definition and description of the good neighbor policy to which the at-risk home buyers must adhere; (4) the structure and specific duties of the local neighborhood advisory board as described in parts 4900.2400 to 4900.2620 ; (5) the standard to which properties under the program will be acquired and rehabilitated; (6) the means by which outreach for at-risk home buyers will be undertaken, and by which such home buyers will be selected; (7) the qualifications of staff; and (8) proposed means of record keeping; and D. a detailed budget for the program showing all sources and uses of funds, including administrative funds that may be provided from sources other than the grant.