99-346 C.M.R. ch. 29, § 10 - Selection criteria

MaineHousing will set forth selection and approval criteria germane to a particular Program in the applicable Program Guide. Such criteria may include but are not limited to the following:

* how well a Development meets the objectives of the Program;

* the use of resources other than MaineHousing's resources in the Development;

* the length of commitment to affordability of the Development;

* the length of commitment to a particular use of the Development;

* the reasonableness of costs;

* the efficiency of the use of proposed non-interest bearing resources;

* financial feasibility of the Development;

* income targeting;

* community preference and support;

* support of a state agency;

* the need for the Development;

* the capacity of the Development Team;

* the capacity of the Applicant to own and operate;

* extent of tenant displacement; and

* other criteria required by a funding source or established by MaineHousing.

Notes

99-346 C.M.R. ch. 29, § 10