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<br />purchase would remain with the land as a second mortgage with deed <br />restrictions. <br />B. Income Targeting <br />The recommended income categories include: <br />a, Families with incomes below 25% of area median income; <br />b. Families with incomes below 2fi-50% of area median income; <br />c. Families with incomes below 51-80% of area median income; <br />C. Evaluation Criteria <br />The evaluation criteria below will be used in reviewing and ranking housing bond <br />fund proposals. Additional guidelines may need to be added to these in the <br />actual solicitation package depending upon the location and nature of the project. <br />I, Affordability (30 points) <br />The degree to which the proposed project would serve those with incomes <br />below the maximum and the period of time over which the project would <br />remain afFordable to that income group. <br />a. Income targeting - 20 points <br />- If the project is designed to serve households earning less than <br />50% of the area median income, the full 20 points will be <br />awarded. <br />- If the project serves household earning less than 60% of the <br />area median income, 15 points will be awarded. <br />- If the project serves household earning less than 70% of the <br />area median income, 10 points will be awarded. <br />- . If the project serves household earning less than 80% of the <br />area median income, 5 points will be awarded. <br />- (BONUS) If 100% of the units in a project serves. households <br />earning less than 25% of the area median income, 5 points will <br />be awarded, <br />3 <br />01 /19/00 <br />