La. Admin. Code tit. 16 § I-329

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

Section I-329 - Applications

A. An application for an insured mortgage loan for a housing project to be funded by the proceeds of the agency's notes or bonds shall include, where applicable, information, and, where required by the agency or a lending institution acting on behalf of the agency, supporting materials and evidence, with respect to:

1. the status of the applicant as an eligible applicant;

2. the site of the proposed housing project or housing unit, 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 effect construction;

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

4. identity and qualifications of the design architect, supervisory architect, applicant's attorney, housing consultant, general contractor, marketing or sales agent and management agent;

5. proposed marketing plan, reports of market surveys or analyses, schedule of proposed rents, occupancy charges or sale prices, proposed operating budget, proposed management plan, schedule of the proposed uses of the requested mortgage loan and the amounts to be allocated to each such use including the applicant's equity investment where applicable and a proposed construction schedule;

6. other matters as to the proposed housing project, the applicant and other parties involved in the housing project as the agency, the agency staff and the executive director may require.

B. Notwithstanding the foregoing Subsection, an application for an insured mortgage loan also shall include other matters as to the proposed housing project, the applicant and other parties involved in the housing project as the agency, the agency staff and the executive director may require.

La. Admin. Code tit. 16, § I-329

Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:197 (April 1981).

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