Sections 11-11-154, 11-11-155 - Criteria for determining priority of loans. Bonds and assurances required of sponsor receiving loans - South Dakota Statutes

11-11-154. Criteria for determining priority of loans. In considering any application for a loan, the authority shall give first priority to applications for housing developments which will be well planned and well designed; and shall also give consideration to:
(1) The comparative need for housing and day-care facilities for persons and families at all levels of income in the area to be served by the proposed development;
(2) The ability of the applicant sponsor to construct, operate, manage, and maintain the proposed housing development;
(3) The existence of zoning or other regulations to adequately protect the proposed housing development against detrimental future uses which could cause undue depreciation in the value of the development;
(4) The availability of adequate parks, recreational areas, utilities, water and solid waste treatment facilities, schools, transportation, and parking; and
(5) The existence of federal and state-wide housing land use, and pollution abatement plans and programs.

Source: SL 1973, ch 180, § 19 (5); SDCL Supp, § 28-19-132; SL 1983, ch 106, § 4DD; SL 1995, ch 80, § 22.