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.]
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.