TITLE 36 LOCAL GOVERNMENT

Chapter 82 information not found

ARTICLE 8 GEORGIA ALLOCATION SYSTEM

36-82-196. Factors to consider in applying policy guidelines.

When the department is required to apply the policy guidelines it may consider such factors, known as evaluation factors, in deciding which applications should receive a notice of allocation. The evaluation factors to be considered shall include, but are not limited to, the number of permanent jobs created or retained; the commitment of the borrower to hire individuals eligible for training under the Job Training Partnership Act or its successor program; the unemployment rate of the territorial area of the issuer compared to the state as a whole; the ratio of private investment to bond financing; evidence of HoDAG or UDAG approval; the amount of benefit to low-income to moderate-income individuals; the cost per qualified residential rental unit; the housing vacancy rate of the territory of the issuer compared to the state as a whole, as determined by the department; and the degree to which the combination of income and price limits serve to target the single-family housing bonds to low-income to moderate-income households.

(Code 1981, §36-82-203, enacted by Ga. L. 1987, p. 486, § 1; Code 1981, §36-82-196, as redesignated by Ga. L. 1990, p. 817, § 1; Ga. L. 1991, p. 94, § 36.)