Orange County NC Website
b, Affordability -10 points <br />- If the project is designed to remain affordable for over 40 years, <br />the. full 10 points will be awarded. The period of affordability will <br />be reinforced by deed restrictions. <br />- If a project is designed to remain affordable for 31 - 40 years, <br />five points will be awarded. The period of affordability will be <br />reinforced by deed restrictions. <br />II. Leveraging_(20 points) <br />The degree to which the proposed project includes funding from other <br />sources and minimizes County Bond funds required, given the income <br />groups served. All outside funding sources must be committed within six <br />(6) months of the date of the project proposal. <br />- If 90% of total project cost is financed by outside sources and 10% is <br />financed by bond funds, the full 20 points will be awarded. <br />- If 80% of total project cost is financed by outside sources and 20% is <br />financed by bond funds, 18 points will be awarded. <br />- If 70% of total project cost is financed by outside sources and 30% is <br />financed by bond funds, 16 points will be awarded. <br />- If GO% of total project cost is financed by outside sources and 40% is <br />financed by band funds, 14 points will be awarded. <br />- If 50% of total project cost is financed by autside sources and 50% is <br />financed by bond funds, 12 points will be awarded. <br />- If 40% of total project cost is financed by outside sources and 60% is <br />financed by bond funds, 10 points will be awarded. <br />- If 30% of total project cost is financed by outside sources and 70% is <br />financed by bond funds, 8 points will be awarded. <br />- If 20% of total project cost is financed by outside sources and 80% is <br />financed by bond funds, 6 points will be awarded. <br />- If 10% of total project cost is financed by outside sources and 90% is <br />financed by bond funds, 4 points will be awarded. <br />D If a project is funded 100% with bond funds, 0 points will be awarded. <br />4 <br />01/19/00 <br />