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:
the documented need for the residential housing in the proposed geographic area;
the ability of the applicant to proceed expeditiously with the development;
the applicant's prior experience in developing, owning, and operating residential housing;
the cost and quality of the proposed housing;
the geographic distribution of loan funds, to the extent that loan funds can be used to assist projects throughout the state;
the relationship of the proposed development to public facilities, sources of employment, and services, including public transportation, health, education, and recreation facilities;
the appropriateness of the development for occupancy by families; and
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.