Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: November 5, 2020 <br /> Action Agenda <br /> Item No. 6-b <br /> SUBJECT: Affordable Housing Advisory Board (AHAB) Funding Recommendations for <br /> 2020 Affordable Housing Bond Program <br /> DEPARTMENT: Housing and Community <br /> Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: 2020 Orange County Emila Sutton, Director, Housing and <br /> Affordable Housing Bond Community Development, (919) 245-2490 <br /> Program Scorecard <br /> Attachment 2: Summary of Bond <br /> Applications <br /> Attachment 3: AHAB Bond Applications <br /> Scores <br /> Attachment 4: Resolution <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 /> 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 /> 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 /> 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 /> 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 />