Subdivision 1. Eligible uses. The city may use up to 20 percent of the community resource money for low-income housing needs and economic development in targeted neighborhoods. Not more than 40 percent of this amount may be used to address low-income housing needs citywide.
If a resident of a targeted neighborhood is a recipient of resource services and moves to a residence in another part of the city, eligibility continues for the community resources services.
Subd. 2. [Repealed, 1992 c 412 s 2]
1989 c 290 art 11 s 6
Structure Minnesota Statutes
Chapters 466A - 470 — Local Economic Development
Chapter 466A — Community Resources Program
Section 466A.01 — Definitions.
Section 466A.02 — Designation Of Targeted Neighborhoods.
Section 466A.03 — Community Resources Programs.
Section 466A.04 — Community Initiatives Program.
Section 466A.05 — Payment And Allocation.
Section 466A.06 — Eligible Uses For Community Resource Money.