New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XXXV - New York State Housing Finance Agency
Subchapter D - Infrastructure Development Demonstration Program
Part 2186 - Infrastructure Development Demonstration Program
Section 2186.5 - Evaluation of applications
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 2186.5
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Selection factors. Completed applications satisfying the minimum program requirements set forth in section 2186.4 of this Part will then be evaluated further in accordance with the agency's criteria which shall be based on the following factors:
(1) the qualifications and prior experience
of the applicant and the other program participants in developing affordable
housing projects;
(2) readiness to
proceed with the infrastructure improvements within a reasonable time frame as
determined by the agency, giving consideration to the probability of, and the
anticipated time needed for, securing approval from the applicable Federal,
State or local entity of the affordable housing project to be constructed or
rehabilitated;
(3) extent to which
the housing project will be affordable to individuals and families whose
housing needs are not being met by the private sector;
(4) the extent to which the affordable
housing project meets the need for an addition to the inventory of standard
housing units in the community;
(5)
the absence of any litigation or similar impediment to the implementation of
the proposal; and
(6) such other
factors as the agency may deem appropriate on review of the
application.
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