4900.1926 Definitions


Published: 2015

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4900.1926 DEFINITIONS.


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Subpart 1.

Scope.

The terms used in parts 4900.1925 to 4900.1930 have the meanings given them in this part.


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Subp. 2.

Agency.

"Agency" means the Minnesota Housing Finance Agency created by Minnesota Statutes, sections 462A.01 to 462A.24.


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Subp. 3.

Application.

"Application" means a submittal requesting a loan from the capacity building revolving loan program.


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Subp. 4.

Applicant.

"Applicant" means one or more entities that submit an application to the agency for a loan under the capacity building revolving loan program.


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Subp. 5.

Capacity building loan or loan.

"Capacity building loan" or "loan" means a disbursement of funds to an eligible applicant under the capacity building revolving loan program.


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Subp. 6.

Program.

"Program" means the capacity building revolving loan program as authorized by Minnesota Statutes, section 462A.21, subdivision 3a.


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Subp. 7.

Project.

"Project" means the housing to be developed by the applicant as described in the program application.