1. (1) An initial application will be presented to the Board of Review only if each project applicant, owner, developer, and manager:

   1. (a) is in good standing;
   2. (b) has not been in default or breach of any mortgage or project-related contract within the previous five years;
   3. (c) is not the subject, in either a personal or professional capacity as a partner, director, or other officer exercising managerial control over any business entity, of a pending fair-housing or civil-rights investigation; and

   4. (d) in the ten years preceding the filing date of the application, has not been:

      1. (i) the subject of a negative fair-housing or civil-rights determination;
      2. (ii) disbarred or otherwise sanctioned in any way by any state or federal agency or professional self-regulatory body; or
      3. (iii) a partner, director, or other officer exercising managerial control over any business entity, including a corporation, limited liability company, or professional limited liability company, when the business entity initiated bankruptcy proceedings.

2. (2) An application shall include documentation:

   1. (a) executed by each applicant, owner, developer, and manager certifying that each signatory meets each requirement identified in Subsection R990-200-4(1); and
   2. (b) supporting and verifying the accuracy of each certification.

3. (3)(i) The Board of Review shall publish a meeting and application submission schedule annually.

   1. (ii) The Board of Review shall publish changes to the meeting and application submission schedule on the division website.
   2. (iii) The Board of Review may schedule an ad hoc meeting to consider extension requests within the 90-day period under Section 35A-8-2107.
   3. (iv) An applicant shall timely provide all required materials and supporting documents before the Board of Review meeting at which the application will be considered.
4. (4) Application forms and materials are available on the Department of Workforce Services Housing and Community Development website.
5. (5) A partial application will be denied.

6. (6) Upon review of a complete application, staff will work with the applicant to ensure documentation accuracy.

   1. (a) Program staff may request that the applicant correct defects or provide additional documentation within a timeline specified by staff.
   2. (b) An applicant may not submit corrections or additional documentation after the deadline in Subsection R990-200-4(3) unless requested to do so by program staff.

KEY: allocation, private activity bond, volume cap

Date of Last Change: December 8, 2025

Notice of Continuation: July 23, 2024

Authorizing, and Implemented or Interpreted Law: 35A-8-2104