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<br /> rehabilitation for homeownership and/or rental development affordable to low-income households.
<br /> The proposed projects may be mixed-use and/or mixed income. As outlined in the State of North
<br /> Carolina's Olmstead settlement agreement, no more than 20% of residential units may be set
<br /> aside for people with disabilities and land banking is not an eligible use of the funds.
<br /> The eligible applicants for funding are non-profit organizations involved in affordable housing and
<br /> community development (including faith-based organizations), for-profit developers, and joint
<br /> ventures between eligible non-profit and for-profit entities.
<br /> The proposal evaluation scoring matrix (see Attachment 1) considers the following factors for
<br /> each proposed project:
<br /> (1) income and vulnerable population targeting,
<br /> (2) targeting of households currently living and/or working in Orange County,
<br /> (3) leveraging of other funding sources,
<br /> (4) building and site design, including environmental sustainability and accessibility
<br /> features,
<br /> (5) community design, including neighborhood compatibility and location,
<br /> (6) community sponsorship, engagement, and support,
<br /> (7) project feasibility, and
<br /> (8) developer experience.
<br /> The application cycle opened on July 26, 2023, and closed on Sept 28, 2023. The County
<br /> received ten (10) proposals. The Affordable Housing Advisory Board (AHAB) reviewed the
<br /> applications for the 2023-24 CIP Affordable Housing Bond Program on November 14, 2023, and
<br /> December 19, 2023. Based on the scoring matrix and discussion of the projects, AHAB proposes
<br /> the following funding recommendations:
<br /> Funding AHAB Funding
<br /> Requested Score Recommendation
<br /> Cedar Village (CASA) $825,000.00 191.1 $825,000.00
<br /> Homestead Horizons $3,533,173.00 187.3 $733,500.00
<br /> CASA
<br /> Davie Circle $500,000.00 158.5 $500,000.00
<br /> EmPOWERMENT, Inc.
<br /> Wentworth Conveyance of 178.1 Conveyance of Land
<br /> EmPOWERMENT, Inc. Land
<br /> Homestead $1,000,000.00 150.5 $825,000.00
<br /> EmPOWERMENT, Inc.
<br /> East Village (Habitat) $3,700,000.00 189.7 $800,000.00
<br /> Hill Street (Pee Wee $166,500.00 178.4 $166,500.00
<br /> Homes)
<br /> Trinity Court (Community $950,000.00 191.3 $950,000.00
<br /> Housing Partners)
<br /> Homestead Gardens $900,000.00 176.0 $900,000.00
<br /> (Community Home Trust
<br /> Shady Acres $6,998,820.00 Incomplete $0
<br /> Total: $18,573,493.00 $5,700,000.00
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