1. (1) The department may make a grant to an eligible local government for a blighted or brownfield site redevelopment project after the department considers some or all of the following:

   1. (a) Whether the project is intended to address the national objective of preventing or eliminating slums or blight set forth in 24 CFR 570.483 (c) and s. Adm 93.04.
   2. (b) The extent of poverty and unemployment and other economic factors in the area of the project.
   3. (c) The prospects for new investment and economic development in the area.
   4. (d) The amount of investment that is likely to result from the project.
   5. (e) The likelihood that the project will result in the creation or retention of full-time jobs in the area.
   6. (f) The amount of estimated tax base to be created at project completion.
   7. (g) The likelihood that the proposed activity will commence shortly after receipt of the grant.

History

History: EmR1309: emerg. cr. eff. 7-1-13; CR 13-069: cr. Register April 2014 No. 700, eff. 5-1-14.