View all text of Part D [§ 12801 - § 12810]
§ 12802. Rental housing production
(a) Repayable advances
(1) In general
(2) Maximum amount of advance
(3) Terms of repayment
(A) Interest payments
(i) In general
(ii) Exception
(B) Additional interest payments
(C) Principal and unpaid interest
(b) Selection guidelines
(1) In general
(2) Specific requirements
The selection guidelines may include—
(A) the extent of the shortage of rental housing in the area that is available to low-income families;
(B) the extent large families with children will be served by the project;
(C) the extent to which the project provides congregate facilities and has available supportive services that will permit elderly or handicapped residents who become frail and are in need of assistance in living to continue to reside in the project;
(D) the extent of very low-income and low-income occupancy in excess of the income targeting requirements in section 12744 of this title;
(E) the extent of the project sponsor’s commitment of equity to the project (except that this criterion shall not apply to or affect the selection of applications submitted by public housing agencies and nonprofit entities);
(F) the extent of the project sponsor’s commitment of equity to the project in comparison to the value of all public assistance for the project, including assistance under this subchapter, other Federal assistance and financing, and State and local government contributions (except that this criterion shall not apply to or affect the selection of applications submitted by public housing agencies and nonprofit entities);
(G) the extent of non-Federal public or private assistance to the project;
(H) the extent to which the project provides supportive services for persons with disabilities; and
(I) any other factor determined by the Secretary to be appropriate.
(c) Guidelines
(Pub. L. 101–625, title II, § 252, Nov. 28, 1990, 104 Stat. 4119.)