{"data":{"id":"us-ri/r.i.-gen.-laws-42-55-5.3","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 42-55-5.3","heading":"Letters of eligibility.","body":"The corporation shall issue all letters of eligibility for low- and moderate-income housing for applications made pursuant to chapter 53 of title 45.\n(a) Evaluation of requests for letters of eligibility:\n(1) The corporation shall establish for each application:\n(i) The name and address of the applicant;\n(ii) The address of the site and site description;\n(iii) The number and type (homeownership or rental) of housing units proposed;\n(iv) The name of the housing program under which project eligibility is sought;\n(v) Relevant details of the particular project if not mandated by the housing program (including percentage of units for low- or moderate-income households, income eligibility standards, the duration of restrictions requiring low- or moderate-income housing); and\n(2) The corporation shall determine:\n(i) That the proposed project appears generally eligible under the requirements of the housing program, subject to final review of eligibility and to final approval;\n(ii) That the subsidizing agency, or the corporation, has performed an on-site inspection of the site and has reviewed pertinent information submitted by the applicant;\n(iii) That an initial pro forma has been reviewed and the project appears financially feasible on the basis of estimated development costs;\n(iv) That the developer meets the general eligibility standards of the housing program; and\n(v) That the applicant controls the site.\n(b) The corporation shall provide a copy of the letter of eligibility to the administrative officer of the local review board of the city or town in which the project would be located.\n(c) [Deleted by P.L. 2022, ch. 407, § 2 and P.L. 2022, ch. 408, § 2.]","path":["Title 42 State Affairs and Government","Chapter 55 Rhode Island Housing and Mortgage Finance Corporation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE42/42-55/42-55-5.3.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:59:53Z","sha256":"781f96bfeac51a4da5aa713c4e0fc384036408b90a7d105f31733787fad83e6d","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-42-55-5.2","next":"us-ri/r.i.-gen.-laws-42-55-5.4"},"notice":"GroundRules: Original legal text. Not legal advice."}