Ga. Comp. R. & Regs. R. 110-19-1-.02 - Eligible Applicants
(1) Eligible applicants under this program
shall be municipalities with a population of 100,000 or less, counties with a
population of 100,000 or less, and development authorities proposing projects
in municipalities or counties with a population of 100,000 or less. Population
estimates shall be based on the most recent U.S. Census Bureau population
estimates. Once an eligible applicant exceeds a population of 100,000, it shall
remain eligible for a period of one year. All applicant communities must meet
the criteria outlined in rule section
110-19-1-.02(4)
and be in compliance with the state requirements regarding comprehensive
planning and reporting, the Report of Local Government Finances and, when
applicable, local government authority registration.
(2) If the applicant is not the municipality
in which the proposed activities will take place, then the application must
include a resolution of support and commitment of cooperation from the
applicable local government.
(3)
Eligible applicants must apply for loans under this program in a format and
manner prescribed by the Department of Community Affairs (hereafter referred to
as the Department). Loan applications may be submitted in writing to the
Departmentat:
Georgia Department of Community Affairs Downtown Development
Revolving Loan Fund Program
Community Development & Finance Division
60 Executive Park South, NE
Atlanta, Georgia 30329-2231
oed@dca.ga.gov
(4) Eligible applicants must have an existing
downtown commercial area that meets two or more of the following
characteristics:
(a) A significant number of
commercial structures fifty (50) years old or older;
(b) Empty storefronts or documentation of an
immediate threat to a downtown's commercial viability;
(c) A feasibility/market analysis identifying
the businesses/activities which can be supported in the downtown area and a
plan for attracting or retaining such businesses/activities;
(d) A downtown master plan and/or strategic
plan designed to guide public or private investment;
(e) Commitment(s) for private/public funding
to support downtown development activities (from banks, downtown development
authorities, local businesses, other government agencies, etc.) enhancing,
directly or indirectly the activity(s) to be financed with the Department's
loan.
(5) The forms
provided will include guidelines and other necessary or helpful
information.
Notes
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