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Agenda - 8-d - Approval of Proposed Changes to the Affordable Housing Bond Program
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Agenda - 8-d - Approval of Proposed Changes to the Affordable Housing Bond Program
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4/12/2019 1:28:18 PM
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BOCC
Date
4/16/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
8-d
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Agenda - 04-16-2019 Regular Meeting
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\BOCC Archives\Agendas\Agendas\2019\Agenda - 04-16-19
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6 <br /> ORANGE COUNTY <br /> NORTH CA.ROLI<NA, <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 Maximum 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 /> Special Needs Populations' 20 <br /> B.11 Local Residency(5 points) <br /> °\Percent of Orange County ResidentS2 Served at Time of Occupancy Maximum Points to be Awarded <br /> 80%to 100% 5 <br /> 50%to 80% 2 <br /> 0 to 50% 1 <br /> C. Leveraging(52 points) <br /> Percent Funded by Bonds and Other County Funding Maximum 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 Maximum Points to be Awarded <br /> 1 'The project pays property taxes.3 2 <br /> 2 The project repays the bond funds—principal only.3 3 <br /> 2 ' he project repays the bond funds—both principal and interest.3 <br /> ;;T 10 <br /> 3.The Project is a Mixed Income Project:The project serves more than one 10 <br /> income category and minimizes the concentration of affordable housing <br /> projects in a particular geographic area. <br /> 4.The Project is a Mixed Use Project:The project includes uses in addition to 10 <br /> residential uses that offer access to employment opportunities, daily needs <br /> and health and human services. <br /> The criteria "circled"above was revised per the BOCC at their 09/19/2017 meeting. See those changes below in "yellow'. <br /> 1Special Needs populations are defined as people with disabilities, veterans, individuals or families <br /> experiencing homelessness, 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 <br /> Orange County. <br /> 3These criteria are not applicable to non-profit sponsored projects. <br />
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