Section 25395.23 Of Article 8.5. Cleanup Loans And Environmental Assistance To Neighborhoods From California Health And Safety Code >> Division 20. >> Chapter 6.8. >> Article 8.5.
25395.23
. (a) The department, after consultation with the
secretary, the Secretary of Business, Transportation and Housing, and
the Director of the Office of Planning and Research, may approve
loan applications submitted pursuant to Section 25395.22. The
department may approve a loan only for those response actions
necessary to address a release or threatened release of a hazardous
material at an eligible property.
(b) If the department determines, based on estimates of the number
of loan requests that will be submitted in any fiscal year and the
amount of loan funds that will be available during that fiscal year,
that sufficient funding to meet the demand for loans will not be
available, the department shall establish a system for ranking loan
applications based on priority scores. Priority scores shall be
calculated for each loan application by scoring the project that is
the subject of the loan application using scales that measure the
factors listed in subdivision (c). The department shall approve loans
for a project based on its priority scores.
(c) The system for ranking loan applications pursuant to
subdivision (b) shall establish priority scores for projects that are
the subjects of the loan applications using scales that measure all
of the following factors:
(1) The degree of community support expressed for the project,
including, but not limited to, letters of support from local
governmental entities, state or local elected officials, community
leaders, and the general public.
(2) Financial support for the project provided at the local level,
including grants or other subsidies, and funding provided by the
issuance of bonds pursuant to the Mello-Roos Community Facilities Act
of 1982 (Chapter 2.5 (commencing with Section 53311) of Division 2
of Part 1 of Title 5 of the Government Code) or financing under the
Community Redevelopment Law (Part 1 (commencing with Section 33000)
of Division 24).
(3) The potential for the project to provide additional protection
of the public health and safety.
(4) The potential for the project to enhance strategic community
development, including, but not limited to, all of the following:
(A) The creation of new jobs.
(B) Generation of additional tax revenue.
(C) The likelihood that the project will stimulate additional
redevelopment in adjacent areas.
(D) The degree to which implementation of the project will improve
local property values.
(E) The degree to which implementation of the project will result
in the development of new parks.
(F) The extent to which the project may have a beneficial effect
on the construction of new schools.
(G) The extent to which the project will result in the
construction of affordable inner-city housing.
(H) The potential for the project to have a beneficial impact on
existing local and regional infrastructure or projected
infrastructure needs, or otherwise promote infill development.
(5) The economic viability of the project, including, but not
limited to, an analysis of the current value of the property as
compared to its projected value after all necessary response actions
have been completed.
(6) The ability of the loan applicant to successfully perform the
response action at the site and repay the loan if funding is
provided.
(7) The geographic location of the project, taking into
consideration the number and amounts of loans approved for projects
located in that area, as compared to those approved for other needy
areas throughout the state.
(8) The degree of likelihood that the response action would not be
completed if a loan pursuant to Section 25395.22 is not made,
including whether any necessary response action is already being paid
for by a responsible party pursuant to an administrative order, an
agreement issued or entered into with a federal, state, or local
agency, a judicial order, or a consent decree.
(9) The ability to obtain conventional financing absent a loan
under this program.