8.111.807 CRITERIA FOR APPROVAL OF CTMH LOAN
(1) The board will review the following criteria in considering an application for an CTMH loan:
(a) the applicant's experience in managing or developing housing for low-income and/or moderate-income households;
(b) the percentage of the units in the project that will be available for low-income or moderate-income households;
(c) the need for low-income and moderate-income housing in the community where the project is to be located;
(d) project location;
(e) the loan size and whether it maximizes the geographical distribution of the loan program; and
(f) the use of other funds to leverage the use of CTMH funds.
History: Ch. 460, Sec. 1, L. 2019; IMP, Ch. 460, Sec. 1, L. 2019; NEW, 2019 MAR p. 1631, Eff. 9/21/19.