4900.2706 Selection Criteria


Published: 2015

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4900.2706 SELECTION CRITERIA.

The agency shall take the following criteria into consideration when determining whether an application and applicant will be selected for a loan from a family rental housing program:

§
A.

the documented need for the residential housing in the proposed geographic area;


§
B.

the ability of the applicant to proceed expeditiously with the development;


§
C.

the applicant's prior experience in developing, owning, and operating residential housing;


§
D.

the cost and quality of the proposed housing;


§
E.

the geographic distribution of loan funds, to the extent that loan funds can be used to assist projects throughout the state;


§
F.

the relationship of the proposed development to public facilities, sources of employment, and services, including public transportation, health, education, and recreation facilities;


§
G.

the appropriateness of the development for occupancy by families; and


§
H.

the extent to which the loan funds are combined with other sources of funding to make the development economically feasible and rents affordable for low-income families.