- (1) All projects receiving funding approval will be required to provide status reports at a scheduled frequency, in a format prescribed by the staff, and approved by the Board.
- (2) Projects that have not begun construction within one year from the date of approval for funding must submit to staff a summary of significant progress made to date and an explanation of why the project is behind schedule. Staff will present this information to the BRC.
- (3) The BRC may choose to extend the period of the project, to rescind the approval, or require the project to re-apply in accordance with current parameters.
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