The HELP Advisory Committee will review progress on loan term negotiations after the initial three months to determine whether negotiations should continue. Once it has been determined that a HELP Lo an application for a specific project, meets the eligibility requirements, a Technical Review Team will evaluate project applications based on the criteria below. The evaluation will use a 100 point system to facilitate a comparison of how all applications meet the objectives of the program. Potential for receiving federal discretionary funding will also be considered. Preference is given to projects with higher local, private or federal grant contribution.
Preference is for lower risk.
Economic Benefits 2. Degree of economic benefits associated with constructing and or advancing a project, including the financial savings of accelerated project start and completion, and the public need served by the project. Preference is for projects that generate the greatest economic benefits for the required investment and would otherwise be delayed or not funded without HELP financial assistance. Impact on mobility, or air quality. Project applicants should designate whether a project is evaluated on either air quality or mobility or other favorable environmental impacts.