(a) the extent to which park residents are threatened with
displacement by the projected sale or closing of the existing park;
(b) the scarcity of affordable alternate sites in the immediate area
for relocation of park residents;
(c) the extent to which manufactured home parks, subsequent to
receiving assistance under this article, will be owned as a cooperative
by shareholders or owners or holders of membership interests or
certificate of membership in such cooperative whose average incomes do
not exceed (i) the greater of one hundred percent of the median income
for the metropolitan statistical area in which a project is located or
one hundred percent of the median income for the state, or (ii) if the
project is located outside such an area, the greater of one hundred
percent of the median income for the county in which the project is
located or one hundred percent of the median income for the state;
(d) the extent to which the proposed resident ownership structure
provides long-term security and tenure;
(e) the extent to which the proposed project will be undertaken and
completed in a timely fashion; and
(f) the extent to which the homes in a park are occupied by the
manufactured home owners or members of their families.
6. The agency shall provide for the review, at periodic intervals not
less than annually, of the performance of applicants receiving financial
assistance pursuant to this article. Such review shall, among other
things, be for the purposes of ascertaining conformity to contractual
provisions, the financial integrity and efficiency of applicants and the
evaluation of the applicants' activities. Contracts entered into
pursuant to this article may be terminated, funds may be withheld and
unspent funds recaptured by the agency upon a finding of substantial
nonperformance or breach by the applicant of its obligations under its
contract.