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Agenda - 03-19-2019 6-b - Approval of Proposed Changes to the Affordable Housing Bond Program
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Agenda - 03-19-2019 6-b - Approval of Proposed Changes to the Affordable Housing Bond Program
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BOCC
Date
3/19/2019
Meeting Type
Regular Meeting
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Agenda
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6-b
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Agenda - 03-19-2019 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 03-19-19 Regular Meeting
Minutes 03-19-2019 Regular Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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5 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> ATTACHMENT 2 <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 /> Income Targeting and Special Needs(45 points) <br /> Household Income Range Points to be Awarded <br /> 0 to<30% 25 <br /> >30%to< 60% of Area Median Income 15 <br /> > 60%to<80%of Area Median Income 10 <br /> CB. <br /> Special Needs Populations' 20 <br /> Local Residency(5 points) <br /> Percent of Orange County residents2 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 N <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 /> (CD The project pays property taxes3 2 <br /> (a The project repays the bond funds—principal only.3 3 <br /> 4-The project repays the bond funds—both principal and interest.3 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 /> The criteria "circled" above was revised per the BOCC at their 09/19/2017 meeting. See those changes <br /> below in "yellow". <br /> 'Special Needs populations are defined as people with disabilities,veterans,individuals or families experiencing homelessness, <br /> holders of Housing Choice or other Vouchers and victims of domestic violence. <br /> 2Residency is defined as households currently residing or working in Orange County or having resided in Orange County. <br /> 3 <br /> These criteria are not applicable to non-profit sponsored projects. <br /> 1 <br />
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