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10 <br />ORANGE COUNTY HOUSING BOND PROGRAM <br />PROPOSED IMPLEMENTATION SCHEDULE <br />This implementation schedule is based on a Request for Proposal process for ident~ing <br />housing bond projects. This is the process used by other local jurisdictions in the state <br />with housing bond programs. <br />I. BOND POLICY COMMITTEE <br />This committee establish policies governing the expenditure of bond funds for housing <br />programs. Issues to be addressed include: Eligible Program Types; Income Targeting; <br />Long-Term Affordability; and Project Evaluation Criteria including Maximum Leveraging. <br />Apri17, 1998 <br />July, August, September 1998 <br />October 1998 <br />BOCC appoints Committee <br />Committee Work <br />Committee presents policy recommendations <br />to BOCC. <br />November 1998 <br />BOCC approves Housing Bond Policy <br />II. REQUEST FOR PROPOSALS <br />Interested persons, including non-profit organizations and private developers, interested in <br />utilizing bond funding for specific housing projects will be invited to submit a funding <br />proposal to the County for review and approval. <br />November, December 1998, January 1999 Request for Proposal Guidelines will be <br />developed by County staff. <br />February, March, Apri11999 Request for Proposal Invitation <br />Period/Submission <br />III. COUNTY REVIEW OF PROPOSALS <br />A County staff committee will evaluate project proposals and make funding <br />recommendations to the County Manager. The Staff committee would include the: <br />Assistant County Manager (Human Services); County Engineer; Finance Director; <br />Housing and Community Development Director; and the Planning Director. It may also <br />be necessary to consult with local planning department personnel in other county <br />jurisdictions depending on the location of the proposed project. <br />IV. FINAL APPROVAL <br />All housing bond projects must be approved by the Board of County Commissioners. <br />Project proposals recommended for funding by the staff committee, with the concurrence <br />of the County Manager, will be placed on a regular Board of County Commissioners <br />meeting agenda for their consideration. <br />Begin program implementation in Summer 1999. <br />10/8/98 <br />