Chapter 286-2 APPLICATION AND FINANCIAL ASSISTANCE
Rule 286-2-.01 Application for Financial Assistance from the State Housing Trust Fund for the Homeless Commission
|(1)||Qualified sponsors seeking to apply for financial assistance from the Commission must apply for financial assistance on Commission approved application forms. An applicant must submit a separate application for each residential housing project for which it seeks financial assistance.|
|(2)||An original and one copy of the application must be submitted at the time of application.|
|(3)||Applications for financial assistance from the Commission will be accepted at least annually, provided that funds are available from the Trust Fund for the provision of financial assistance.|
|(4)||Applications must be received at the offices of the Commission no later than the close of business on the last day of the application period.|
|(5)||The public may obtain application forms from the State Housing Trust Fund for the Homeless Commission, c/o the Georgia Housing and Finance Authority.|
Financial assistance is available in the form of loans and/or grants. Unless otherwise specified, activities eligible for financial assistance include, but are not limited to, the following: new construction; land acquisition; rehabilitation of existing structures.
The criteria to be used by the Commission when determining which residential housing projects shall receive disbursements of available money from the Trust Fund shall include, but not be limited to, the following: impact on homelessness; number of individuals and families assisted by the residential housing project; geographical distribution of residential housing projects; completion date of the residential housing project; leveraging of money or in-kind services by the qualified sponsor; availability of other forms of assistance; qualified sponsor's capacity to manage a residential housing project; qualified sponsor's financial capacity; qualified sponsor's previous experience in similar residential housing projects; and any and all other factors bearing on the advisability and necessity of the residential housing project. The Commission's decision shall be final and not subject to challenge or contest.