1. (a) The Department shall award operating assistance grants to nonprofit organizations to further the production or rehabilitation of limited income housing by those organizations or by individuals they help.

2. (b) A nonprofit organization is eligible for a grant if it meets the performance and other standards that the Department sets and:

   1. (1) makes an application that:

      1. (i) describes the housing project;
      2. (ii) includes evidence of acceptable performance in the prior year, if the nonprofit organization received a grant in the prior year; and
      3. (iii) is acceptable to the Department;
   2. (2) has helped individuals to apply for loans from the Department; or
   3. (3) was responsible for originating applications, as certified by a political subdivision approved by the Department.

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.