If the applicant is a mortgage lender, the city shall consider, among other things:
(A) The financial condition of the applicant;
(B) The terms and conditions of any loans to be made;
(C) The aggregate principal balances of any loans to be made to each applicant compared with the aggregate principal balances of the loans to be made to all other applicants;
(D) The city’s assessment of the ability of the applicant or its designated servicer to act as originator and servicer of mortgage loans for any multi-family housing programs or other programs to be financed; and
(E) Previous participation by the applicant in the MFA’s programs and HUD, Federal Housing Authority or Rural Housing Service programs.
(Ord. 2023-002, passed 8-16-2023)