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15 <br /> proposed project has less than five (5) units, it must utilize other appropriate County <br /> funding sources. <br /> • Establish maximum grant periods for Affordable Housing Bond-funded and Surplus <br /> Property projects: <br /> Affordable Housing Bond Projects <br /> • For projects of 5-10 units that involve acquisition only, acquisition/rehab or any <br /> combination of eligible activity type, the grant period will be established at the time of <br /> the grant award based on the details of the project but should be no more than three <br /> (3) years. For projects of more than 10 units that involve any combination of eligible <br /> activity type, the grant period will be established at the time of the grant award based <br /> on the details of the project but should be no more than five (5) years. <br /> Surplus Property Projects <br /> • For projects of 1-4 units that do not involve new construction activity, the grant period <br /> will be established at the time of the grant award based on the details of the project but <br /> should be no more than one (1) year. For projects of 5-10 units that involve new <br /> construction or rehabilitation, the grant period will be established at the time of the <br /> grant award based on the details of the project but should be no more than three (3) <br /> years. <br /> • Implement a quarterly reporting requirement for all Affordable Housing Bond-funded <br /> and Surplus Property projects. <br /> • Note that all requests for grant period extensions and/or needed re-authorizations or <br /> grant award rescissions will require approval by the Board of County Commissioners. <br /> Sherrill Hampton said quarterly reporting is required to keep staff and the Board <br /> updated on progress, and to also keep a better handle on all the efforts being made towards <br /> affordable housing, and a move towards greater coordination of those efforts. <br /> Sherrill Hampton said staff held a community grantee and partners' workshop in <br /> November 2018, and these changes were presented then, as well as before the Coalition and <br /> the Orange County Housing Authority, which allowed staff to gather input and continue to <br /> make adjustments. She said staff plans to hold a developers roundtable in the future, in hopes <br /> to spur more developers to consider affordable housing. <br /> Sherrill Hampton said this is a living breathing process, and staff will continue to come <br /> back before the Board. <br /> Commissioner McKee referred to the adjustments made on the point scoring system to <br /> make a more level field for non-profits and developers, and asked if there has been much <br /> interest from the private sector. <br /> Sherrill Hampton said not at this point, but she hopes to encourage this. <br /> Commissioner McKee said it is important to find a way to attract the private developers. <br /> Commissioner Marcoplos asked if there is a process by which staff verifies that these <br /> projects are doing what they have said they will do. <br /> Sherrill Hampton said when projects get funding they carry affordability restrictions <br /> throughout the life of the project. <br /> Commissioner Marcoplos said he was thinking about things like the energy efficiency <br /> requirements and handicap accessibility. He asked if staff will go back and double check that <br /> these things were done. <br /> Sherrill Hampton said staff monitors the development and construction of these <br /> projects, and the development agreement can include periodic updates after the completion of <br />