Minnesota Administrative Rules Agency 148 - Housing Finance Agency
Here’s an overview of Minnesota Administrative Rules – Agency 148, which governs the Housing Finance Agency (MHFA):
📘 What is Agency 148?
This is the set of administrative rules specifically for Minnesota’s Housing Finance Agency, codified as Agency 148 in the Minnesota Administrative Rules (MAR).
The most extensive and active parts are in Chapter 4900, covering Housing Loans and Grants (law.cornell.edu).
📚 Chapter 4900 – Housing Loans & Grants
This chapter includes numerous rules, such as:
Part 4900.0010: Definitions
.0011: Effective date
.0020: Scope
.0360: Mortgage loans for limited-unit developments—eligibility and terms (regulations.justia.com, law.cornell.edu)
Multiple sections on program types: Home Improvement, Rental Rehabilitation, Apartment Renovation, Accessibility loans, American Indian programs, Homeownership Assistance, and more (regulations.justia.com)
Part 4900.3767: Administration of tenant- and sponsor-based rental assistance—eligibility, funding limits (e.g. no more than 30% of gross income), subsidy duration (max 5 years, with exceptions), terminations, notices, admin fees, and admin responsibilities (revisor.mn.gov)
⚙️ Key Provisions Highlighted
1. Limited-unit development loans
Loans are available only to:
Low- or moderate-income individuals/families,
Owner-occupants,
Those unable to get equivalent financing privately (law.cornell.edu).
2. Rental assistance (Part 4900.3767):
Subsidy capped at difference between 30% of tenant’s gross income and local market rent (revisor.mn.gov).
Eligibility up to 5 years, with exceptions (e.g., awaiting federal housing) (revisor.mn.gov).
Subsidy termination triggers and notice procedures are clearly defined (senate.mn).
Administrative fees are capped to match HUD Section 8 rates (revisor.mn.gov).
Responsibilities include tenant recruitment, eligibility vetting, inspections, subsidy distribution, reporting, and record-keeping .
🔍 Why this matters
Agency 148 rules implement state-authorized housing programs—defining who's eligible, program details, limits, and administrative duties. They operate under Minnesota Statutes Chapter 462A, giving MHFA the authority to offer loans, grants, and rental assistance.
✅ For deeper research
Visit the Revisor of Statutes website and view Agency 148 for up-to-date, official full text (revisor.mn.gov).
If you’re looking for rules on a specific program (e.g., Apartment Renovation, Home Improvement Grants), let me know—I can pull out the specific parts or subparts for you.
RELATED Blog
0 comments