The department shall consider the following factors in determining the eligibility for, and the amount, of loans made under this chapter:
(1) The reasonableness of the conversion costs relating to repairs, rehabilitation, construction, or other costs;
(2) The number of available and affordable mobile home park spaces in the general area;
(3) The adequacy of the management plan for the conversion and operation of the park; and
(4) Other factors established by the department by rule.
[ 1993 c 66 § 13.]