Section 15-321-15 - Evaluation of requests for project loans; project benefits and impact(a) Staff shall review and evaluate each complete loan application, and shall take into consideration factors such as compliance with the purposes and intent of chapter 201H, HRS, and other relevant factors including, but not limited to, the following: (1) The organizational mission and history, and legal, business, and community standing of the applicant;(2) Favorable experience of the applicant and development team in the development of affordable for-sale housing;(3) The creditworthiness of the applicant and the applicant's ability to repay the money borrowed;(4) The need, market, and anticipated impact of the proposed project;(5) The status of the proposed project, including site control status, current zoning, and any zoning change and use permit, etc. that may be needed, development timetable, and status of obtaining other proposed sources of funds;(6) The extent to which loan funds will be leveraged with other funding sources; and(7) The reasonableness of project costs and pro forma budget.[Eff 11/27/2023] (Auth: HRS § 201H-202) (Imp: HRS § 201H-204)