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6 <br /> b. Affordability - 10 points <br /> ➢ If the project is designed to remain affordable for over 40 years, <br /> the full 10 points will be awarded. The period of affordability will <br /> be reinforced by deed restrictions. <br /> ➢ If a project is designed to remain affordable for 31 - 40 years, <br /> five points will be awarded. The period of affordability will be <br /> reinforced by deed restrictions. <br /> 11. <br /> Leveraging (20 points) <br /> The degree to which the proposed project includes funding from other <br /> sources and minimizes County Bond funds required, given the income <br /> groups served. All outside funding sources must be committed within six <br /> (6) months of the date of the project proposal. <br /> ➢ If 90% of total project cost is financed by outside sources and 10% is <br /> financed by bond funds, the full 20 points will be awarded. <br /> ➢ If 80% of total project cost is financed by outside sources and 20% is <br /> financed by bond funds, 18 points will be awarded. <br /> ➢ If 70% of total project cost is financed by outside sources and 30% is <br /> financed by bond funds, 16 points will be awarded. <br /> ➢ If 60% of total project cost is financed by outside sources and 40% is <br /> financed by bond funds, 14 points will be awarded. <br /> ➢ If 50% of total project cost is financed by outside sources and 50% is <br /> financed by bond funds, 12 points will be awarded. <br /> ➢ If 40% of total project cost is financed by outside sources and 60% is <br /> financed by bond funds, 10 points will be awarded. <br /> ➢ If 30% of total project cost is financed by outside sources and 70% is <br /> financed by bond funds, 8 points will be awarded. <br /> ➢ If 20% of total project cost is financed by outside sources and 80% is <br /> financed by bond funds, 6 points will be awarded. <br /> ➢ If 10% of total project cost is financed by outside sources and 90% is <br /> financed by bond funds, 4 points will be awarded. <br /> ➢ If a project is funded 100% with bond funds, 0 points will be awarded. <br /> 12/01/98 <br />