La. Admin. Code tit. 16 § II-107

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

Section II-107 - Selection Criteria to Award HOME Funds to Local Governmental Units (Sub-Recipients)

A. Jurisdiction Proposes Comprehensive and Concentrated Neighborhood Revitalization Area-25 points

B. Jurisdiction Proposes to Use Community Housing Development Organization ("CHDOs") to Own, Sponsor or Develop Units to be Rehabilitated-25 points

C. Leverage Ratio for Each HOME Dollar

Minimum Other Dollars
$1	5
$2	10
$3	15
$4	20
$5	25

D. Jurisdiction Proposes to Rehabilitate Substandard Housing Units to Minimum Quality Standards with Total Funds Per Unit Not Exceeding:

$ 2,500	25
$ 5,000	20
$ 7,500	15
$10,000	10
$15,000	7
$20,000	5
$25,000	2

E. Jurisdiction Rehabilitate to HQS Following Percentage of Substandard Units in Rehabilitation Area:

90-100 percent	50
80-90 percent	40
70-80 percent	30
60-70 percent	20
50-60 percent	10
Less than 50 percent	0

F. Jurisdiction Proposes to Rehabilitate Housing Units of Historic or Architectural Significance-25 points

G. Jurisdiction Proposes to Rehabilitate Housing Units Serving Special Needs Groups-50 points

H. Jurisdiction Proposes to Promote Cooperative Housing-25 points

I. Jurisdiction Proposes to Commit HOME Funds by June 30, 1993-50 points

J. Jurisdiction Proposes to Establish Lease-Purchase Turnkey Program-25 points

La. Admin. Code tit. 16, § II-107

Promulgated by the Department of the Treasury, Housing Finance Agency, LR 19:908 (July 1993).

AUTHORITY NOTE: Promulgated in accordance with the Louisiana Housing Finance Act, R.S. 40:600.1 et seq.