In approving Eligible Projects for HIF funding, DHCD shall make the following findings:
(1)Provision of Housing. the Project is within the scope of the applicable HIF Legislation, and may reasonably be expected to contribute to the provision of Alternative Forms of Housing for Low-income Persons and Families;(2)Public Benefit and Purpose. the Project will be of public benefit and for a public purpose and any benefit to private parties or individuals, other than the Low-income Persons or Families for whom housing is being provided, shall be indirect and incidental and not the purpose of the Project;(3)Conformance with Law. the Project, when complete, will conform to all applicable laws and regulations;(4)Success. there is a reasonable expectation that the Project will be successful.(5)No Default. the Developer is current on all existing mortgage obligations with the Commonwealth of Massachusetts or any political subdivisions thereof;(6)Housing in Receivership. With respect to Projects involving Housing in Receivership, DHCD shall also make the findings to confirm that the Project satisfies the criteria set forth in 760 CMR 23.03(5).Amended by Mass Register Issue 1275, eff. 12/5/2014.Amended by Mass Register Issue 1407, eff. 12/27/2019.