SELECTION CRITERIA FOR INNOVATIVE HOUSING LOANS

In determining whether or not to accept applications from nonprofit or for-profit entities for innovative housing loans, the members shall examine the following facts and make their determinations thereon: A. the extent to which the project will conserve energy, result in a more efficient use of energy, or employ a source of energy not generally utilized by the housing industry; B. the extent to which the innovation is likely to be capable of widespread, practical, and economic use; C. the geographic location of the proposed project within the state of Minnesota, taking into account other projects theretofore approved for innovative housing loans; D. the period of time required to complete the project; E. the extent to which the project duplicates, or is in conflict with, other innovations in housing design, methods, or materials; F. the extent to which the innovation will be capable of being monitored to demonstrate its efficiency, economy, acceptability, effectiveness, and durability; G. the extent to which the innovation will be capable of and available for demonstration; H. the amount and term of the requested innovative housing loan, as compared to the total resources of the agency available for such loans; and I. whether the applicable regional development commission has determined that the project is consistent with regional plans and policies.