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Agenda - 11-12-2024; 2 - Discussion on Affordable Housing Bond-Capital Investment Plan (CIP) Scoring Matrix
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Agenda - 11-12-2024; 2 - Discussion on Affordable Housing Bond-Capital Investment Plan (CIP) Scoring Matrix
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11/7/2024 3:13:48 PM
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BOCC
Date
11/12/2024
Meeting Type
Work Session
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Agenda
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2
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Agenda for November 12, 2024 Work Session
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 11-12-2024 Work Session
Minutes 11-12-2024 - Work Session
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2024
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3 <br /> • Leveraging: Prioritize projects than can repay bond funding, and reduce the number of <br /> leveraging tiers from 6 to 4. <br /> Tiers Current Score New Tiers Proposed <br /> Score <br /> 81%-100% 0 75%-100% 0 <br /> 60%-80% 3 50%-75% 5 <br /> 40%-59% 6 25%-50% 10 <br /> 20%-39% 9 25% or less 20 <br /> 10%-19% 15 <br /> Less than 10% 20 <br /> o Project repays bond funding (Principal-Only): Increase from 3 to 10 points. <br /> Res onse Current Score I Proposed Score <br /> Yes 3 110 <br /> o Project repays bond funding (Principal + Interest): Increase from 10 to 20 points. <br /> Res onse Current Score I Proposed Score <br /> Yes 110 120 <br /> In total, the leveraging category increases from 33 to 50 points. <br /> • Building and Site Design: Reduce points for accessibility, which is required for all new <br /> construction and rehabilitation. <br /> Res onse Current Score Proposed Score <br /> Yes 20 115 <br /> • Community Design: Better define terms, make points either/or to remove subjectivity. <br /> Definitions Current Score Proposed Score <br /> Contributes to a mix of housing within Up to 3 3 <br /> existing neighborhood (no change to <br /> defintion <br /> Eliminate bonus points for aesthetic Up to 3 0 <br /> appearance. <br /> Define accessibility to needed goods and Up to 4 4 <br /> services as one 1 mile <br /> Define access to public transportation as Up to 5 5 <br /> '/2 mile <br /> Define traditionally underserved as Up to 3 3 <br /> unincorporated Orange Count <br /> In total, the community design category decreases from 18 to 15 points. <br />
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