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(1) The executive director under the direction of the board may:
(a) award one or more predevelopment grants to nonprofit or for-profit entities in preparation for the construction of low-income housing units;
(b) award a predevelopment grant in an amount of no more than $50,000 per project;
(c) may only award a predevelopment grant in relation to a project in:
(i) a city of the fifth or sixth class, or a town, in a rural area of the state; or
(ii) any municipality or unincorporated area in a county of the fourth, fifth, or sixth class.
(2) The executive director under the direction of the board shall award each predevelopment grant in accordance with the provisions of this section and the provisions related to grant applications, grant awards, and reporting requirements in this part.
(3) A predevelopment grant:
(a) may be used by a recipient for offsetting the predevelopment funds needed to prepare for the construction of low-income housing units, including market studies, surveys, environmental and impact studies, technical assistance, and preliminary architecture, engineering, or legal work; and
(b) may not be used by a recipient for staff salaries of a grant recipient or construction costs.
(4) The executive director under the direction of the board shall prioritize the awarding of a predevelopment grant for a project in a county of the fifth or sixth class and where the municipality or unincorporated area has underdeveloped infrastructure as demonstrated by at least two of the following:
(a) limited or no availability of natural gas;
(b) limited or no availability of a sewer system;
(c) limited or no availability of broadband Internet;
(d) unpaved residential streets; or
(e) limited local construction professionals, vendors, or services.