67-8105. NOTICE OF GRANT AND LOAN APPLICATION PERIOD — PRIORITIES — CRITERIA FOR EVALUATION. (1) During each calendar year in which funds are available for use by the association from the housing trust fund, the association shall announce to all known interested parties and through major media in each of the seven (7) planning regions of the state, the grant and loan application period specified in the current allocation plan of the advisory commission in the manner specified in the allocation plan.

(2) The association shall give preference for applications based on the following criteria or other criteria:

(a) The degree funds will be used to match other funds;

(b) Recipient contributions to total project costs and contributions from other sources such as professional, craft and trade services, as well as lender interest rate subsidies;

(c) Local government project contributions in the form of infrastructure improvements, fee waivers and others;

(d) Projects that encourage ownership, management, and other project-related responsibility opportunities for tenants;

(e) Projects that demonstrate a strong probability of serving the original target group or income level for a period of at least forty (40) years;

(f) The demonstrated ability, stability and resources to implement the project;

(g) Projects which demonstrate serving the greatest need;

(h) Projects that provide housing for persons and families with the lowest incomes; and

(i) Projects to be owned by nonprofit organizations.

History:

[67-8105, added 1992, ch. 267, sec. 1, p. 826; am. 1996, ch. 253, sec. 36, p. 833.]