§ 462C.01 — Authorization
Plain-Language Summary
Authorizes Minnesota cities to create and run programs that make or purchase mortgage and rehabilitation loans to help low and moderate income people buy or fix up single-family and multifamily housing.
462C.01 AUTHORIZATION.
A city may develop and administer programs of (1) making or purchasing mortgage or rehabilitation loans pursuant to section 462C.03 to finance the acquisition or rehabilitation of single family housing by low and moderate income persons and families anywhere within its boundaries, or (2) making or purchasing loans pursuant to section 462C.05 to finance multifamily housing developments or the rehabilitation of multifamily housing developments if the program is submitted for review pursuant to section 462C.04, subdivision 2.
History:
1979 c 306 s 1; 1982 c 624 s 1; 1995 c 167 s 1
History: History: 1979 c 306 s 1; 1982 c 624 s 1; 1995 c 167 s 1