PURPOSE: This rule establishes procedures and identifies requirements for filing an application for the Missouri Housing Trust Fund.

1. (1) Applicants wishing to receive assistance for its developments or activities must make application to the commission for approval and receive approval before the development or activity commences. If approved, the commission will issue a written reservation setting out the conditions of the financial assis- 4 CSR 170-7

tance.

1. (2) Final approval and certification of the rights to receive assistance will be given when—

   1. (A) The commission, in writing, has approved the proposal to provide affordable housing through the use, new construction, rehabilitation of units or rent subsidy or other eligible affordable housing activities; and
   2. (B) In all cases where the proposal involves new construction or rehabilitation, the land use restriction agreement required by the commission is executed and filed for record.

AUTHORITY: section 215.030(5), (12) and (19), RSMo (1994). * Original rule filed Sept. 18, 1995, effective Feb. 25, 1996.

*Original authority 1969, amended 1974, 1982, 1985, 1989, 1993.