(1) Housing assistance organizations are eligible to apply for a TANF allocation from the board.
(2) The applicant must document to the satisfaction of the board experience in providing housing assistance to low income households or, for a new housing assistance organization, demonstrate the capability to administer a TANF allocation. Criteria considered by the board include, but are not limited to:
(a) number of years experience in providing housing assistance to low income households, which experience can include management of housing, originating or servicing housing loans or providing home ownership training or post purchase counseling for low or moderate income households;
(b) number of low income housing developments or units developed, financed or managed;
(c) number of low income households to whom applicant has provided home ownership training or post purchase counseling;
(d) involvement in other low and moderate income housing programs of the board, federal agencies and tribal and local governments; and
(e) financial controls and procedures necessary to underwrite and service loans.
(3) Within available funding, a housing assistance organization may apply for a TANF allocation - home ownership not to exceed $500,000, a TANF allocation - emergency housing assistance not to exceed $50,000, or both. At such time as the housing assistance organization has drawn on the full amount of the allocation for the purpose of TANF loans to eligible recipients, it may apply for a supplemental allocation not to exceed $500,000 for the TANF allocation - home ownership and $50,000 for the TANF allocation - emergency housing assistance. Whether the request is for an initial or a supplemental TANF allocation, the board may approve a lesser amount than is requested.