La. Admin. Code tit. 16 § I-321

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-321 - Applications

A. An application for a loan to a lending institution shall require a determination that the proposed housing project is a feasible housing project and shall include information, and where required by the agency supporting materials and evidence, with respect to:

1. the status of the applicant as an eligible applicant, or that reasonable steps have been taken to become an eligible applicant;

2. the site of the proposed housing project, including location, dimensions, ownership, present zoning, present use and occupancy and relocation requirements as to present occupants, present on-site improvements such as streets, utilities and structures, status of off-site utilities and streets, present property taxes and assessments, utility charges and liens or other charges on the land and all physical characteristics of the site that might affect construction;

3. the status and characteristics of the proposed housing project, including number and size of dwelling units, types of occupancy (ownership, rental or cooperative), rehabilitation or new construction, range of proposed rents, occupancy charges or sales prices, operating expenses, building type, federally aided mortgage or otherwise, and proposed incidental or appurtenant social, recreational, commercial and communal facilities;

4. the status of the federal, state or private mortgage loan insurance or guarantee for the proposed housing project, if any, and the security to be pledged with respect to the loan from the agency;

5. other matters as to the proposed housing project, the applicant and other parties involved in the housing project as the agency may require.

La. Admin. Code tit. 16, § I-321

Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:196 (April 1981).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.