Orange County NC Website
Attachment 1 5 <br /> ,mwnwuuwuu w <br /> [E „ <br /> NOR Hi CA ROI I NA <br /> County Funds to Help the County Reach a Countywide Shared Goal of up to 1,000 <br /> Affordable Housing Units in Five Years: 2016— 2020 <br /> AFFORDABLE HOUSING PROGRAM EVALUATION: SCORING CRITERIA <br /> A. Income Targeting and Special Needs(45 points) <br /> Household Income Range1 Points to be Awarded <br /> O to <30% 25 <br /> >30%to< 60% of Area Median Income 15 <br /> >60%to< 80%of Area Median Income 10 <br /> Special Needs Populations 20 <br /> B. Local Residency(5 points) <br /> Percent of Orange County residents served at time of occupancy Points to be Awarded <br /> 80%to 100% 5 <br /> 50%to 80% 2 <br /> 0 to 50% 1 <br /> C. Leveraging(55 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. 3 <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, daily needs and health and human services. <br /> 1 Area Median Income=$73,300 for a family of four. <br /> 30%AMI =$22,000 <br /> 60%AMI =$43,980 <br /> 80%AMI =$58,650 <br />