- (1) The Board shall consider for funding, only those applications submitted by an eligible applicant as defined in Section 35A-8-506, Utah Code.
(2) The Board shall consider for funding only those eligible projects as defined in Section 35A-8-505, Utah Code and meet one or more of the following priorities established by the Board:
- (a) Efficiently utilize funds, through cost containment and resource leveraging,
- (b) Provide that largest numbers of units shall charge the lowest monthly rental amount at levels that are attainable over the longest periods of time,
- (c) Provide the most equitable geographic distribution of resources,
- (d) Provide housing for special-needs populations including: (i) transitional housing, (ii) elderly and frail elderly housing, and (iii) housing for physically and mentally disabled persons,
- (e) Strengthen and expand the abilities of local governments, non-profits organizations and for-profit organizations to provide and preserve affordable housing,
- (f) Assist various Community Housing Development Organizations (CHDO) in designing and implementing strategies to create affordable housing, and
- (g) Promote partnerships among local government, non-profit and for-profit organizations, and CHDO.
- (h) Meet the goals of the Utah Consolidated Plan and any local area plans regarding affordable housing.
KEY: Olene Walker Housing Loan Fund, affordable housing, housing development
Date of Last Change: July 9, 2012
Notice of Continuation: June 28, 2022
Authorizing, and Implemented or Interpreted Law: 35A-8-504