Chapter 462C — Authorization

462C.001 This section has been renumbered and contains no current statutory text. 462C.01 Authorization Authorizes Minnesota cities to create and run programs that make or purchase mortgage and rehabilitation loans to help … 462C.02 Definitions Defines key terms used throughout the housing finance chapter, including city, governing body, mortgage loan, … 462C.03 City Housing Plan Establishes rules for city programs that make or purchase single-family mortgage loans, including requirements for … 462C.04 Program Review Requires cities to submit housing finance program plans to the state for review and sets out the review process, … 462C.05 Multifamily Housing, Health Care Facility Sets rules for city programs that finance multifamily housing developments, including loan terms, developer … 462C.06 County Hra Acting on Behalf of City Authorizes cities to issue revenue bonds to fund their housing finance programs and specifies the terms, security, and … 462C.07 Housing Revenue Bonds Establishes rules for the investment of bond proceeds and program funds, ensuring they are used for authorized housing … 462C.071 Single-family Mortgage Bonds; Limitations Authorizes cities to enter into interest rate swap agreements and other financial instruments in connection with their … 462C.08 Other Housing Legislation Addresses the tax status of housing finance bonds, confirming that interest on these bonds is generally exempt from … 462C.09 Protects bondholders by establishing their rights and remedies if the city defaults on housing finance bond obligations. 462C.10 Official Action Exception Specifies additional powers cities have in connection with housing finance programs, including the ability to make … 462C.11 Mortgage Credit Certificate Programs Addresses the relationship between this chapter and other laws, confirming that housing finance powers are supplemental … 462C.12 Minneapolis/st. Paul Housing Finance Board; Powers; Jurisdiction Provides that the chapter should be liberally construed to accomplish its purposes of providing affordable housing … 462C.13 City Indian Housing Authority Contains a severability clause providing that if any part of the housing finance chapter is found invalid, the remaining … 462C.14 Housing Program and Developmental Financial Services This section has been repealed or renumbered and contains only a historical reference. 462C.15 Authorizes the Minnesota Housing Finance Agency to administer certain programs and coordinate with cities on housing … 462C.16 Housing Trust Funds for Local Housing Development Provides additional authority for cities and the Minnesota Housing Finance Agency to cooperate on housing programs and …