WAC 173-98-320. Forgivable principal

Forgivable principal. The department will use Table 3 to determine the amount of forgivable principal loan funding provided to an eligible hardship project. Financial hardship will be determined based on the provisions in WAC 173-98-300 and the ceiling amounts in WAC 173-98-520 . In addition, in accordance with the act, the department must consider unemployment for the purposes of awarding forgivable principal loan for hardship. Table 3 Forgivable Principal for Hardship Sewer user fee divided by MHI is: Below two percent (nonhardship) Above two but below three percent (moderate hardship) Above three but below five percent (elevated hardship) Above five percent (severe hardship) Forgivable principal eligibility: Not eligible Fifty percent up to ceiling amount Seventy-five percent up to ceiling amount One hundred percent up to ceiling amount Sewer user fee divided by MHI is: Below two percent (nonhardship) Above two but below three percent (moderate hardship) Above three but below five percent (elevated hardship) Above five percent (severe hardship) Forgivable principal eligibility: Not eligible Fifty percent up to ceiling amount Seventy-five percent up to ceiling amount One hundred percent up to ceiling amount