Code of Maine Rules
94 - INDEPENDENT AGENCIES
089 - HISTORIC PRESERVATION COMMISSION
Chapter 815 - HISTORIC PRESERVATION REVOLVING LOAN FUND
Section 089-815-3 - APPLICATION FOR STATUS AS A QUALIFIED ORGANIZATION

1. Only organizations that meet the definition of a Qualified Organization as defined in Section 2.12. are eligible to receive loans from the Fund.

2. A Qualified Organization must demonstrate the capacity to undertake the project(s) proposed in the application with a reasonable prospect of bringing it to a successful conclusion. In assessing an applicant's ability to meet the requirements of this paragraph, the Commission may consider all relevant factors, including but not limited to the applicant's organizational purpose; organizational history; previous historic preservation, rehabilitation or acquisition activity; scope of economic or revitalization vision; organizational plan for negotiating the purchase, marketing, sale, and long-term enforcement of preservation easements; and proof that the organization has corporate good standing and evidence of success in previous efforts. In addition, the Commission may consider evidence of success in previous efforts, the identification of anticipated sources of matching funds and description of the timeframe for final commitment.