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II. Project Feasibility (50 points total) <br />A. The applicant must submit a general land use concept plan. (10 points total) <br />B. A non-binding, but professionally competent project feasibility budget must be submitted <br />using the following worksheet. (Use current dollars, not inflation-adjusted dollars). (30 points <br />total) <br />Total Acreage <br />Projected # of units <br />Projected type and tenure of units <br />Projected income targeting distribution <br /> <br />COST ESTIMATES Total Per Unit <br />Requested land banking award <br />Total land cost <br />% of total land cost from bond funds* <br />Soft Costs <br />Infrastructure Costs <br />Subtotal/Developed Lot Costs <br />% of total developed lot costs from bond funds <br />Units Construction Costs <br />Other Costs leasespecify) <br />Total Costs <br />* Leveraging is required. This percentage must be less than 100% for the project to be eligible <br />for a Land Banking award. <br />C. A non-binding, but reasonable project timeline must be submitted using the following <br />worksheet: (10 points total) <br /> Beginning Expected Completion Date <br />Land Acquisition Na <br />Pre-development planning Na <br />Infrastructure installed <br />Construction <br />Final project completion