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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 3:33:04 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
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 11-05-20 Virtual Business Meeting
Minutes 11-05-2020 Virtual Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2020
RES-2020-067 Resolution Awarding Funds for the 2020 Orange County Affordable Housing Bond Program
(Message)
Path:
\Board of County Commissioners\Resolutions\2020-2029\2020
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4 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <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 needs' 20 <br /> 'Defined as people with disabilities,veterans,individuals or families experiencing homelessness,holders of Housing <br /> Choice or other vouchers,and survivors of domestic violence <br /> 2. Local Residency(5 points): <br /> Will the proposed project provide housing for Orange County residents? <br /> Percent of Current Orange County Residents'at Sale or Lease-up Maximum Points <br /> 80%to 100% 5 <br /> 50%to 80% 2 <br /> 0 to 50% 1 <br /> 2Defined as households currently residing or working in Orange County or having resided in Orange County <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 />
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