Orange County NC Website
Browse       Search
11 <br /> 3. Leveraging (52 points) <br /> To what degree does the proposed project include other sources of funds? <br /> Use the space below to calculate leverage, then place an "X"in one green box by the appropriate leveraging ratio. Orange boxes will auto fill. <br /> Percent Funded bV County Funding Other Criteria <br /> =81-100% (0 points) =Project pays property taxes(2 points)' <br /> =60-80%(3 points) These two are mutually exclusive=Project repays bond funds-principal only(3 points)' <br /> =40-59%(6 points) These two are mutually exclusive=Project repays bond funds-P+1 (10 points)' <br /> =20-39%(9 points) =Project is mixed-income(10 points)Z <br /> =10-19%(15 points) =Project is mixed-use(10 points)3 <br /> =<10%(20 points) 1 These criteria do not apply to nonprofit sponsored projects Subtotal <br /> =Subtotal z Meaning it serves more than one income range(including market rate)and minimizes geographic conentration <br /> of affordable units <br /> Caculate leverage <br /> County funds (including Bond request) 'Meaning it includes non-residential uses that offer access to employment daily needs,and health and human <br /> services <br /> Other funds(non-County) <br /> Percent County funding ®TOTAL POINTS <br />