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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: November 5, 2020 <br /> Action Agenda <br /> Item No. 6-b <br /> <br />SUBJECT: Affordable Housing Advisory Board (AHAB) Funding Recommendations for <br />2020 Affordable Housing Bond Program <br /> <br />DEPARTMENT: Housing and Community <br />Development <br /> <br /> <br /> <br />ATTACHMENT(S): <br />Attachment 1: 2020 Orange County <br />Affordable Housing Bond <br />Program Scorecard <br />Attachment 2: Summary of Bond <br />Applications <br />Attachment 3: AHAB Bond Applications <br />Scores <br />Attachment 4: Resolution <br /> <br /> INFORMATION CONTACT: <br />Emila Sutton, Director, Housing and <br />Community Development, (919) 245-2490 <br /> <br /> <br /> <br /> <br /> <br /> <br />PURPOSE: To consider adoption of a Resolution awarding funds for the 2020 Affordable <br />Housing Bond Program based on the funding recommendations of the Affordable Housing <br />Advisory Board. <br /> <br />BACKGROUND: In the fall of 2016, Orange County voters passed a $5 million Affordable <br />Housing Bond. Half of the bond funds ($2.5 million) were awarded in 2017. The 2020 application <br />cycle is for the remaining $2.5 million of the bond funds. <br /> <br />Eligible projects are new construction and/or rehabilitation for homeownership and/or rental <br />development affordable to low-income households. Projects may be mixed-use and/or mixed- <br />income. No more than 20% of residential units may be set aside for people with disabilities, in <br />compliance with best practices outlined in the State of North Carolina’s Olmstead settlement <br />agreement. Land banking is not an eligible use. <br /> <br />Eligible applicants for funding are: nonprofit organizations involved in affordable housing and <br />community development (including faith-based organizations), for-profit developers, and joint <br />ventures between eligible nonprofit and for-profit entities. <br /> <br />The application evaluation scorecard (see Attachment 1) considers the following factors for each <br />proposed project: (1) income and vulnerable population targeting, (2) targeting of households <br />currently living and/or working in Orange County, (3) leveraging of other funding sources, (4) <br />building and site design, including environmental sustainability and accessibility features, (5) <br />community design, including neighborhood compatibility and location, (6) community <br />sponsorship, engagement, and support, (7) project feasibility, and (8) developer experience. <br /> <br />1