Factors to consider in applying policy guidelines

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 L. 1990, p. 817, § 1, effective April 4, 1990 repealed the former Code Section 36-82-196, which was based on Ga.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 lim- 1318 36-82-198 ited purpose share and applications for notices of allocation from the limited purpose share. 36-82-197. Transfer of fund from economic development share or applicable reservation component of housing share to the flexible share. If after the first six months of the year, 75 percent or more of the economic development share or any one or more reservation components of the housing share remains unallocated, the commissioner may transfer any available state ceiling, or any part thereof, from the economic development share or the applicable reservation component of the housing share, as the case may be, to the flexible share, if the commissioner anticipates that such amounts are not likely to be used in either the economic development share or the applicable reservation component of the housing share; provided, however, that no such transfer may be made by the commissioner if an issuer submits a letter to the commissioner indicating that such issuer intends to use all or a portion exceeding 25 percent of the respective share or components thereof. History. — Code 1981, § 36-82-204, enacted by Ga. L. 1987, p. 486, § 1; Code 1981, § 36-82-197, as redesignated by Ga. L. 1990, p. 817, § 1. Editor’s notes. — Ga. L. 1990, p. 817, § 1, effective April 4, 1990 repealed the former Code Section 36-82-197, which was based on Ga. L. 1987, p. 486, § 1 and which established the department share for 1988, 1989, 1990, and years thereafter. 36-82-198. Flexible share carryforward funds.