1. (a) The Commissioner may solicit and/or accept applications for financial assistance from eligible senior citizens.

2. (b) As part of the application and loan/grant approval process, the applicant shall be required to furnish the following:

   1. (1) Evidence that the applicant is an eligible senior citizen as described in Section 1 (c) and Section 3 above;
   2. (2) Evidence that the subject property is an eligible residential property as described in Section 1 (d) above; and (3) Evidence that the emergency repairs and rehabilitation to be undertaken are necessary to permit the continued use of the subject property for residential purposes.
3. (c) The Commissioner may, from time to time, request additional information from the applicant.

4. (d) Applications shall be approved or disapproved by the Commissioner based on the factors listed in Section 4 (b) above, the availability of financial assistance, and the following:

   1. (1) Any needs outlined in the Five Year Housing Advisory Plan;
   2. (2) Savings versus payment ratio;
   3. (3) Countable obligations of the applicant(4) Credit history of the applicant.
5. (e) If an application is disapproved or rejected, the applicant shall be notified in writing of the reasons for the disapproval or rejection.
6. (f) If an application is approved, the Commissioner shall notify the applicant, in writing, that the repairs and rehabilitation may proceed and inform the applicant of the terms of the contract for state financial assistance.

(Effective May 23, 1988)