|
5
<br /> 1 The eligible applicants for funding are non-profit organizations involved in affordable housing and
<br /> 2 community development (including faith-based organizations), for-profit developers, and joint
<br /> 3 ventures between eligible non-profit and for-profit entities.
<br /> 4
<br /> 5 The proposal evaluation scoring matrix (see Attachment 1) considers the following factors for
<br /> 6 each proposed project:
<br /> 7 (1) income and vulnerable population targeting,
<br /> 8 (2) targeting of households currently living and/or working in Orange County,
<br /> 9 (3) leveraging of other funding sources,
<br /> 10 (4) building and site design, including environmental sustainability and accessibility
<br /> 11 features,
<br /> 12 (5) community design, including neighborhood compatibility and location,
<br /> 13 (6) community sponsorship, engagement, and support,
<br /> 14 (7) project feasibility, and
<br /> 15 (8) developer experience.
<br /> 16
<br /> 17 The application cycle opened on July 26, 2023, and closed on Sept 28, 2023. The County
<br /> 18 received ten (10) proposals. The Affordable Housing Advisory Board (AHAB) reviewed the
<br /> 19 applications for the 2023-24 CIP Affordable Housing Bond Program on November 14, 2023, and
<br /> 20 December 19, 2023. Based on the scoring matrix and discussion of the projects, AHAB proposes
<br /> 21 the following funding recommendations:
<br /> 22
<br /> Funding AHAB Funding Recommendation
<br /> Requested Score
<br /> Cedar Village (CASA) $825,000.00 191.1 $825,000.00
<br /> Homestead Horizons CASA $3,533,173.00 187.3 $733,500.00
<br /> Davie Circle $500,000.00 158.5 $500,000.00
<br /> EmPOWERMENT, Inc.
<br /> Wentworth Conveyance of Land 178.1 Conveyance of Land
<br /> EmPOWERMENT, Inc.
<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 Homes $166,500.00 178.4 $166,500.00
<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: $185573,493.00 $5,7005000.00
<br /> 23
<br /> 24 The proposals are summarized below with AHAB's funding recommendations, and also
<br /> 25 addressed in Attachment 2.
<br /> 26
<br /> 27 Cedar Village (CASA): $825,000
<br /> 28 Community Partners: DR Horton
<br /> 29
<br /> 30 The proposal requests funds for the construction of three (3), twenty-four (24) unit residential
<br /> 31 buildings, and one community building that will serve households at or below 30% to 60% Area
<br /> 32 Median Income (AMI). The project will also include eight units set aside for referrals from Veterans
<br />
|