R988-700-3. Scope

(1) The fund is intended to provide no-interest loans on a short-term basis to directly compensate property owners and businesses for documented property loss that is a direct result of the presence of a homeless services facility. (2)(a) A loan may not be used to reimburse compensation provided by a service or support mechanism, even if the compensation is for property loss that is the direct result of the presence of a homeless services facility. (b) A loan may supplement compensation provided by a service or support mechanism that is insufficient to provide full compensation for the property loss, but only up to the total documented value of the property loss. (3) A loan may not be used to purchase fencing, security equipment, or security monitoring services, except as compensation for equipment damaged as a direct result of the presence of a homeless services facility. (4) A loan may not be used as compensation for loss of property value or loss of business, even if the loss is attributable to the presence of a homeless service facility within 1/5 mile of the property.