Section 15-307-246 - Evaluation of requests for program funds; criteria for selection of proposals(a) The corporation or its designee(s) shall review each request for regional infrastructure subaccount funds to verify that the infrastructure project meets the requirements and purposes of this subchapter. If it is determined that the project does not meet the requirements and purposes of this subchapter, staff shall notify the applicant that the application for program funds will not be processed for action and state the reasons the application will not be processed. Staff shall review and evaluate projects only if the infrastructure project meets the minimum threshold requirements set forth in section 15-307-247 and the applicant submits a complete application.(b) Funds shall be made available on a case-by-case basis. In selecting regional infrastructure projects for funding assistance under this subchapter, the corporation shall give consideration to the following factors: (1) The relative merits of the project including the need for the project, public benefits, and project readiness;(2) The ability of the applicant to deliver the project as planned, fulfill project commitments, and ensure compliance with the terms of the financing agreement;(3) The creditworthiness of the applicant;(4) The extent of local government support or the support of any other governmental body whose purview involves statewide community planning or permitting;(5) The recommendations of the Hawaii interagency council for transit-oriented development;(6) The amount of affordable rental housing development the proposed regional infrastructure project will support once completed, as measured by unit count; and(7) The amount of funding requested relative to the total cost of the infrastructure project.Haw. Code R. § 15-307-246
[Eff 4/28/2017] (Auth: HRS § 201H-4, Act 132, SLH 2016) (Imp: Act 132, SLH 2016)[Comp 1/15/2022] (Auth: HRS §§ 201H-191.5) (Imp: § 201H-191.5)