§ 9-12-903 — Council duties; actions on loan applications

Wyoming § 9-12-903

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 12: WYOMING ECONOMIC DEVELOPMENT ACT
• Art. 9: COMMUNITY WORKFORCE HOUSING PROGRAM

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(a) All complete applications to participate in the
program established under this article, which conform with the
criteria established by law and rules promulgated under this
article and which are submitted to the council, shall be
considered by the council. The council shall approve or
disapprove each application considered in accordance with this
article and rules promulgated by the council. All loans made
under this article shall be referred by the council to the state
loan and investment board for final approval or disapproval. The
state loan and investment board may adopt rules as necessary to
implement its duties under this article.
(b) In adopting rules and making funds available under
this article, the council shall provide a competitive
application and scoring system adequate to measure the benefits
of each application. The application scoring system shall
target the projects based on ranking criteria which address:
(i) The need for the proposed housing;
(ii) The affordability of the proposed housing;
(iii) The number of additional housing units to be
developed, with consideration of the percentage of critical
workforce housing needs in the community to be served;
(iv) The extent to which the project is part of an
overall community and economic development plan;
(v) The extent to which the project demonstrates
readiness;
(vi) Any other criteria determined by the council to
be consistent with the purposes of this article.
(c) The council may negotiate and enter into appropriate
contracts or memoranda of understanding with Wyoming state
agencies, authorities or instrumentalities as necessary or
convenient to facilitate the council's duties under this
article.