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INTRODUCTION 1 <br />CHAPTER 1— THE MINNESOTA HOUSING MISSION STATEMENT 2 <br />CHAPTER 2 — ROLE OF THE SUBALLOCATORS 3 <br />A. Round 1 3 <br />B. Round 2 3 <br />C. Joint Powers Agreement 3 <br />D. Subsidy Layering Review 3 <br />E. Suballocator Reporting 3 <br />CHAPTER 3 — POLICIES AND PROCEDURES 4 <br />A. Application Cycle 4 <br />B. Multiple Buildings 5 <br />C. Nonprofit Set -aside 5 <br />D. Rural Development/Small Project Set -Aside 6 <br />E. Developer and Development Limits 6 <br />F. Transfer of Ownership 6 <br />G. Unacceptable Practices 7 <br />H. Minimum Underwriting Factors 8 <br />I. Identity of Interest 8 <br />J. Disclosure and Eligibility of Development Team 8 <br />K. Determination of Credit Amount 9 <br />L. Requests for Additional Credit Amounts 9 <br />M. Resubmission Process for Non Select Projects 10 <br />N. Qualified Census Tracts, Difficult Development Areas and State Designated Basis Boosts 10 <br />O. Reservations 11 <br />P. Administrative Errors 12 <br />Q. Waiting List 12 <br />R. Carryover Allocations 12 <br />S. Final Allocations 13 <br />T. Monitoring for Compliance 13 <br />U. Qualified Contract 14 <br />V. Tenant Selection Plan 15 <br />W. Other Conditions 15 <br />X. Revisions to the Manual and Allocation Plan 15 <br />CHAPTER 4 — FEDERAL PROGRAM REQUIREMENTS 16 <br />A. Eligible Activities 16 <br />B. Applicable Percentage 16 <br />C. Qualifying Rehabilitation 16 <br />D. Existing Buildings 17 <br />E. Exception to the Ten -Year Rule 17 <br />F. Federal Subsidies 17 <br />G. Review of Federally Assisted Projects 18 <br />H. Federal Subsidy Layering Review 18 <br />I. Project Eligibility 18 <br />J. Affordable Rents 19 <br />K. Tenant Eligibility 19 <br />L. Eligible Basis 20 <br />M. Qualified Basis 21 <br />N. Applicable Fraction 21 <br />O. Economically Integrated Projects 21 <br />