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The amount of experience of the project sponsor and the proposed development team in carrying <br />out similar projects in a successful fashion, particularly with respect to reasonably meeting <br />project budgets and timetables on such projects will also be considered. This would include <br />review of the organization's track record in handling projects which used town or county local <br />funds and/or funds awarded to the local governments in Orange County by the federal or state <br />government. This also includes preferences for applicants based in Orange County and/or <br />organizations currently providing affordable housing to residents of Orange County. <br />In the case of rental projects, the amount of experience the project sponsor and management <br />company have in managing low income housing (including an adequate management plan for <br />dealing with special population needs and special community needs) must be demonstrated. <br /> Maximum Points <br />Scoring Criteria to be Awarded <br />1. Experience of the applicant in carrying out projects of 5 <br />comparable scope and nature (e.g., new construction, rental <br />housing, rehabilitation, etc.) to that proposed, and has met <br />regulatory compliance for prior projects <br />2. Applicant has proposed a team with demonstrated 5 <br />development, managerial, and financial management <br />ca abilities in rior ro'ects <br />3. Applicant has successful record of meeting proposed 5 <br />bud ets and timetables <br />Conditional Approval <br />All awards will be subject to conditions that must be satisfied before the disbursement of bond <br />funds. <br />