Agenda - 8-d - Approval of Proposed Changes to the Affordable Housing Bond Program

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2 During discussion at its June 6, 2017 regular meeting, the Board requested an analysis of the scoring criteria to determine why some projects scored higher than others. On September 19, 2017, County staff proposed recommended changes to the Affordable Housing Bond Scoring Criteria, which were approved by the BOCC. The approved changes and programmatic refinements are highlighted in "yellow" on Attachment 2. The items "underlined and in purple" on Attachment 2 are the new proposed changes outlined below. BOCC Requested Changes Per the March 19t—" Meeting: Correction of the maximum points to be awarded in Section C — Leveraging on Page 1 of the Scoring Criteria. As a result of this correction, the maximum number of points to be awarded is "52" instead of "55". Expansion of the Scoring Criterion No. 5 of Section E — Community Design on Page 2 to read "the project is located in an area of the County traditionally underserved by housing development and if it is a new development, has proximate access to transportation, whether public or provided by the new development". Increase the maximum number of points to be awarded for Scoring Criterion No. 2 of Section H — Developer Experience on Page 3 to be "10" instead of "5". ➢ Expansion of the Scoring Criterion No. 3 of Section H — Developer Experience on Page 3 to read "applicant and team members collectively have a successful record of meeting proposed budgets and timetables". Decrease the maximum number of points to be awarded for Scoring Criterion No. 4 of Section H — Developer Experience on page 3 to be 12" instead of 15". Decrease the total maximum number of points to be awarded to any project to "234" instead of "235", based on the overall changes to the Scoring Criteria. Current Changes Recommended bV Staff. Staff is requesting approval for additional programmatic changes to ensure that identified County needs are being met, as well as to enhance the operational efficiency and optimization of the Affordable Housing Bond Program. It is recommended that these proposed changes also be applicable to the disposition of County surplus properties for affordable housing projects. It should be noted that staff made applicable revisions to its changes, which were presented at the March 19t" BOCC meeting, to ensure consistency with the aforementioned changes requested by the BOCC. The revised recommended staff changes are as follows: Add the phrase "or other" to Footnote 1 on Page 1 as it relates to including all types of vouchers in the definition of Special Needs Populations, especially since the County approved the new Local Voucher Program. On Page 2 of the Scoring Criteria, the following changes are proposed: o Reorganize Section D for clarification purposes and enhance maximum points to be awarded for Questions 2 and 4, as well as reduce the points awarded for Question 5.