Laserfiche WebLink
AWARDING LOANS: The HRA will award loans to projects that provide the highest return in public <br /> benefits for the public costs incurred and meet all of the statutory requirements. In order to evaluate the <br /> applications for public benefits with respect to the costs incurred, the law specifies priorities that the <br /> HRA must consider. <br /> To fulfill this requirement of reviewing applications in an objective and fair manner, the following <br /> criteria have been assigned maximum point values in order to systematically award loans. All assigned <br /> scores will be relative to scores awarded to other applications. <br /> 1. The extent to which the existing property conditions threaten public safety. Other public benefits, <br /> including but not limited to, health, safety, environmental benefits,blight reduction, community <br /> stabilization, crime reduction and reduction of maintenance costs. Maximum= 15 points <br /> 2. The length of vacancy of the property. Maximum= 5 points. <br /> 3. The development potential of the property. Maximum= 15 points <br /> 4. The proximity of the property to existing sufficient public infrastructure. Maximum= 5 points. <br /> 5. The applicant's financial condition and ability to repay the loan. Maximum= 15 points <br /> iv <br />