Orange County NC Website
Browse       Search
17 <br /> 1 it can achieve and unintentionally misleads people. He would prefer considering percentages of <br /> 2 units, rather than total number of units. <br /> 3 Commissioner Price asked if the amount of money per project or developer has been <br /> 4 considered. <br /> 5 Travis Myren said yes, in the scoring document. <br /> 6 Commissioner Price said she did not find anything about a per forma sheet or financial <br /> 7 statement. She asked if the project is financially feasible. <br /> 8 Audrey Spencer Horsley said this model is based on the County's bond policy, and all of <br /> 9 these things Commissioner Price mentioned are incorporated in the County's bond policy. She <br /> 10 said if these items were not already met, the project would not have made it to scoring. <br /> 11 Commissioner Burroughs said she commends them on this information. She said she is <br /> 12 okay with the 1,000 units and setting aspirational goals. <br /> 13 Commissioner Burroughs referred to Attachment 1 on the special needs population, and <br /> 14 asked if a non-profit would apply to do a domestic violence shelter. <br /> 15 Audrey Spencer Horsley said that is a very challenging question, and some of these <br /> 16 projects are not intended to be generated by staff or even non-profits, but in partnerships with <br /> 17 those specialists who are experts in these areas. <br /> 18 Commissioner Pelissier clarified that the County will help leverage bond money for 1,000 <br /> 19 units and not pay for them all. <br /> 20 Audrey Spencer Horsley said that is one of the messages being emphasized. <br /> 21 Commissioner Dorosin said his concern is not that they are going to get flooded with the <br /> 22 0-30% need, but rather with lots at the 80% level. He said it may be wise to cap the higher <br /> 23 ones. He said it would be helpful to know how the 250 proposals that are already in the pipeline <br /> 24 break down in these categories. <br /> 25 Commissioner Dorosin said also it would be helpful to see into which categories the <br /> 26 projects fell in the 2001 bond projects. <br /> 27 Travis Myren reviewed Attachment 2. He said these are suggested weights and <br /> 28 stressing potential bond projects but not landbanking, which will be addressed separately. <br /> 29 <br /> 30 Bond Funds to Help the County Reach a Countywide Shared Goal of 1,000 Affordable <br /> 31 Housing Units in Five Years: 2017 —2020 <br /> 32 DRAFT <br /> 33 PROPOSED AFFORDABLE HOUSING PROGRAM EVALUATION: SCORING CRITERIA <br /> 34 <br /> 35 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 /> 36 <br /> 37 B. Leveraging (20 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 /> 38 <br />