Section 380.606  Agency Review

The Agency shall review each complete Application and approve or reject it.  The Agency's review of an Application may include, but is not limited to, the following criteria:

a)         the availability of funds under the RHS Program that have been reserved for the LTOS Program;

b)         the increase of the geographic diversity of Projects funded under the LTOS Program;

c)         the level of local government and community support for the proposed Project;

d)         the suitability of the Project site;

e)         cost per Unit of the Project, including soft costs (non-construction costs);

f)         the need for funding for the Project;

g)         the affordability of the Units to Extremely Low-Income Households and Severely Low-Income Households;

h)         the amount of LTOS Program funds requested;

i)          the number of Units to be available for Special Needs Households;

j)          the proposed term of the Allocation, which shall not exceed 30 years from the date of completion, construction or rehabilitation;

k)         the site and market study for the Project; and

l)          the Developer's Plan for Services.