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10 <br /> September 19, 2017 <br /> Southern Human Services Center <br /> Decision Points <br /> • Review and consider revisions to scoring criteria used to evaluate affordable housing <br /> bond proposals <br /> o New construction versus preservation <br /> o Refined definition of special needs populations <br /> o Refined definition of local residency <br /> o Ability to repay property taxes (Non-Profits) <br /> o Ability to repay bond funds (Non-Profits) <br /> Projects Awarded <br /> • Habitat for Humanity of Orange County (Hillsborough-Waterstone) <br /> o 24 Townhomes for residents 55 and older <br /> • 12 units targeting 31% to 50% Area Median Income <br /> • 8 units targeting 51% to 60% Area Median Income <br /> • 4 units targeting 61% to 80% Area Median Income <br /> o Project Cost - $2,568,500 <br /> • County grant - $925,000 <br /> • 36% County funds/64% leveraged from other sources <br /> • County investment per unit - $38,542 <br /> • CASA— Merritt Mill West (Carrboro) <br /> o 16 Rental Apartments <br /> • Priority for homeless residents and residents with disabilities <br /> • Some units reserved for veterans <br /> • 12 units targeting incomes under 30% Area Median Income <br /> • 4 units targeting incomes under 50% Area Median Income <br /> o Project Cost - $2,213,450 <br /> • County grant - $746,500 <br /> • 34% County grant funds/66% leveraged from other sources <br /> • County investment per unit - $46,656 <br /> • CASA— Merritt Mill East (Chapel Hill) <br /> o 12 Rental Apartments <br /> • Priority for homeless residents and residents with disabilities <br /> • 8 units targeting incomes under 30% Area Median Income <br /> • 4 targeting incomes under 50% Area Median Income <br /> o Project Cost - $1,808,025 <br /> • County grant - $646,200 <br /> • 35% County grant funds/65% leveraged from other sources <br /> • County investment per unit - $53,850 <br /> • EmPOWERment— 116 Cole Street (Chapel Hill) <br /> o 1 —Three Bedroom Existing Home for Rental <br /> • Targeting incomes between 30% and 50% Area Median Income <br /> o Project Cost - $211,300 <br /> • County grant - $211,300 <br /> • 100% County grant funds <br /> • County investment per unit - $211,300 <br /> • EmPOWERment— 606 Bynum Street (Chapel Hill) <br />