Orange County NC Website
Browse       Search
6 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Attachment 2 <br /> Bond Funds to Help the County Reach a Countywide Shared Goal of 1,000 Affordable <br /> Housing Units in Five Years: 2017 — 2020 <br /> DRAFT <br /> PROPOSED AFFORDABLE HOUSING PROGRAM EVALUATION: SCORING CRITERIA <br /> A. Income Targeting and Special Needs (45 points) <br /> Household Income Range Points to be Awarded <br /> 0to < 30% 25 <br /> <30%to< 50% of Area Median Income 15 <br /> > 50%to < 80%of Area Median Income 10 <br /> Special Needs Populations 20 <br /> B. Leveraging( points) <br /> Percent Funded by Bonds and Other County Funding Points to be Awarded <br /> 60-80% 3 <br /> 40-59% 6 <br /> 20-39% 9 <br /> 10-19% 15 <br /> <10% 20 <br /> Other Criteria Points to be Awarded <br /> 1. The project pays property taxes 2 <br /> 2a. The project repays the bond funds—principal only. 5 <br /> 2b.The project repays the bond funds—both principal and interest. 10 <br /> 3. The Project is a Mixed Income Project: The project serves more than §10 <br /> one income category and minimizes the concentration of affordable <br /> housing projects in a particular geographic area. <br /> 4.The Project is a Mixed Use Project: The project includes uses in 10 <br /> addition to residential uses that offer access to employment <br /> opportunities and other day to day needs. <br />