S.D. Admin. R. 20:09:26:06

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:09:26:06 - Criteria

The authority shall evaluate an application for housing infrastructure program funding based on the following criteria:

(1) The need for the proposed housing infrastructure project as demonstrated by a market study;

(2) The impact of the housing infrastructure project on the availability of housing in the local area;

(3) The existence of ongoing or proposed housing infrastructure projects in the community;

(4) The experience, management record, capacity, and financial status of the applicant, as applicable;

(5) The amount of housing infrastructure program funding requested by the applicant;

(6) The financial feasibility of the housing infrastructure project;

(7) The applicant's control of the site of the housing infrastructure project and the readiness of the applicant to proceed with construction;

(8) Whether the applicant and the proposed housing infrastructure project comply with applicable design standards, ordinances, regulations, and law;

(9) The suitability of the location of the housing infrastructure project for residential purposes;

(10) The input provided by the local governing body and community stakeholders;

(11) The availability of an adequate water supply, water treatment facilities, and wastewater treatment facilities to support the public infrastructure; and

(12) Other factors relevant to the authority in making a sound decision to award housing infrastructure program funding to applicants.

If the applicant applies for grant funding, the authority must also evaluate the application to determine what impact the grant will have in reducing purchase prices for homebuyers or rental costs to tenants in the local area.

S.D. Admin. R. 20:09:26:06

49 SDR 125, effective 7/3/2023

General Authority: SDCL 11-15-6.

Law Implemented: SDCL 11-15-1 to 11-15-5, inclusive.