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Agenda - 11-05-20; 6-b - Affordable Housing Advisory Board (AHAB) Funding Recommendations for 2020 Affordable Housing Bond Program
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Agenda - 11-05-20; 6-b - Affordable Housing Advisory Board (AHAB) Funding Recommendations for 2020 Affordable Housing Bond Program
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10/29/2020 2:57:40 PM
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BOCC
Date
11/5/2020
Meeting Type
Business
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Agenda
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6-b
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Agenda 11-05-20 Virtual Business Meeting
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<br /> <br />Orange County Affordable Housing Bond Program <br />2020 Scorecard <br />Threshold Requirements: <br />☐ The application is complete with all required attachments and was submitted by the established deadline <br />☐ The project aligns with local affordable housing goals, strategies, and/or adopted policies <br />☐ Funding is for an eligible activity <br />1. Income Targeting and Special Needs (45 points): <br />What income range(s) and population(s) will the proposed project serve? If serving multiple ranges, score will be <br />prorated. <br />Household Income Range Maximum Points <br />0 to < 30% AMI 25 <br />>30% to < 60% AMI 15 <br />> 60% to < 80% AMI 10 <br />People with special housing needs1 20 <br /> <br />1Defined as people with disabilities, veterans, individuals or families experiencing homelessness, holders of Housing <br />Choice or other vouchers, and survivors of domestic violence <br /> <br />2. Local Residency (5 points): <br />Will the proposed project provide housing for Orange County residents? <br />Percent of Current Orange County Residents2 at Sale or Lease-up Maximum Points <br />80% to 100% 5 <br />50% to 80% 2 <br />0 to 50% 1 <br /> <br />2Defined as households currently residing or working in Orange County or having resided in Orange County <br /> <br />3. Leveraging (52 points): <br />To what degree does the proposed project include other sources of funds? <br />Percent Funded by Bonds and Other County Funding Maximum Points <br />60% to 80% 3 <br />40% to 59% 6 <br />20% to 39% 9 <br />10% to 19% 15 <br />< 10% 20 <br />Other Criteria <br />4
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