When the department is required to apply the policy guidelines it may consider such factors, known as evaluation factors, in deciding which applications should receive a notice of allocation. The evaluation factors to be considered shall include, but are not limited to, the number of permanent jobs created or retained; the commitment of the borrower to hire individuals eligible for training under the Job Training Partnership Act or its successor program; the unemployment rate of the territorial area of the issuer compared to the state as a whole; the ratio of private investment to bond financing; evidence of HoDAG or UDAG approval; the amount of benefit to low-income to moderate-income individuals; the cost per qualified residential rental unit; the housing vacancy rate of the territory of the issuer compared to the state as a whole, as determined by the department; and the degree to which the combination of income and price limits serve to target the single-family housing bonds to low-income to moderate-income households.
History. Code 1981, § 36-82-203, enacted by Ga. L. 1987, p. 486, § 1; Code 1981, § 36-82-196 , as redesignated by Ga. L. 1990, p. 817, § 1; Ga. L. 1991, p. 94, § 36.
Editor’s notes.
Ga. L. 1990, p. 817, § 1, effective April 4, 1990 repealed the former Code Section 36-82-196, which was based on Ga. L. 1987, p. 486, § 1, and which related to applications for the limited purpose share and applications for notices of allocation from the limited purpose share.
Structure Georgia Code
Article 8 - Georgia Allocation System
§ 36-82-181. Legislative Purpose
§ 36-82-183. Powers of Department
§ 36-82-184. Determination of State Ceiling; Records Required
§ 36-82-186. Economic Development Share
§ 36-82-190. Reservations From Housing Share
§ 36-82-193. Flexible Share for 1990
§ 36-82-194. Application for Flexible Pool Allocation; Issue of Notice; Confirmation; Expiration
§ 36-82-195. Policy Guidelines for Making Allocations
§ 36-82-196. Factors to Consider in Applying Policy Guidelines
§ 36-82-198. Flexible Share Carryforward Funds
§ 36-82-199. Carryforward Applications
§ 36-82-200. Mortgage Credit Certificate Carryforward Election