SELECTION STANDARDS

To be considered for operating subsidy funding under the housing trust fund program, applicants must comply with the requirements in Minnesota Statutes, section 462A.201 , parts 4900.3741 to 4900.3743 , and satisfy the threshold criteria in this part. To determine whether an applicant will be selected for operating subsidy funding, the agency shall consider: A. whether the proposed operating subsidy is needed in the market to be served; B. the financial feasibility of the housing development without the proposed operating subsidy; C. the likelihood that the applicant or its partner organization will be able to implement and operate the proposed operating subsidy; D. the availability of funds from private or public sources to assist in making the housing development economically feasible; and E. for permanent supportive housing, the extent to which long-term funding is secured for the support services that address the special needs of proposed tenants.