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2 <br /> III. Selection Criteria ror Housing Development Projects <br /> A. Types of Projects <br /> Projects should address at least one of the following objectives: <br /> 1. Creation_of affordable housing for low- and moderate-income <br /> households . Projects with this objective should increase <br /> the total stock of housing units available to and affordable <br /> by low- and moderate-income individuals and households. <br /> Activities might focus on conversion of non-housing <br /> structures into housing units or constructing new housing. <br /> New construction must involve an approved neighborhood-based <br /> non-profit. <br /> 2. Increasing housing options for low- and moderate-income <br /> individuals and ]households. Activities might focus on <br /> conversion of existing single-family dwellings to shared <br /> housing, creation of home-ownership opportunities for low- <br /> and moderate-income renters, or self-help approaches to <br /> allow low- and moderate-income beneficiaries use their own <br /> resources to improve their housing situation. <br /> — <br /> B. Selection Criteria <br /> (1) Low and Moderate Income Benefit. All activities must <br /> benefit at least 51% low and moderate income persons. <br /> Projects will be evaluated to determine if this minimum <br /> standard is met or exceeded. Projects also will be <br /> evaluated on the documentation of the methodology used <br /> to determine benefit. <br /> (2) Design. Projects will be reviewed for an overall design <br /> which demonstrates a creative method of providing financing; <br /> the- number of units that will be created or maintained as a <br /> result of the project; method of assuring that units will be <br /> available for low and moderate income persons; method in <br /> which partners in the project are able to blend their <br /> resources ; the amount of non-CDBG dollars that are <br /> leveraged; and the degree of simplicity that exists that <br /> will enable a similar project to be produced. The amount of <br /> non-CDBG funds involved, the source and use of such funds, <br /> and the strength of the commitment of the other funds will <br /> be evaluated. <br /> Except for the low and moderate income benefit criterion and basic <br /> program eligibility requirements , no minimum criteria or requirements will be <br /> applied to projects. All eligible projects received will be evaluated against <br /> each other, and those projects which best meet the identified criteria will be <br /> selected for funding. <br />