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7 <br />A. 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. Affordabilily (30 points) <br />The degree to which the proposed project would serve those with incomes below <br />the maximum and the period of time over which the project would remain <br />affordable to that income group. <br />a. Income targeting - 20 points <br />➢ If the project is designed to serve households earning less than 50% of <br />the area median income, the full 20 points will be awarded. <br />➢ If the project serves household earning less than 60% of the area median <br />income, 15 points will be awarded. <br />➢ If the project serves household earning less than 70% of the area median <br />income, 10 points will be awarded. <br />➢ If the project serves household earning less than 80% of the area median <br />income, 5 points will be awarded. <br />➢ (BONUS) If 100% of the units in a project serves households earning less <br />than 25% of the area median income, 5 points will be awarded. <br />b. Affordability -10 points <br />➢ If the project is designed to remain affordable for over 40 years, the full 10 <br />points will be awarded. The period of affordability will be reinforced by <br />deed restrictions. <br />➢ If a project is designed to remain affordable for 31 - 40 years, five points <br />will be awarded. The period of affordability will be reinforced by deed <br />restrictions. <br />11. Leveraging-(20 points) <br />The degree to which the proposed project includes funding from other sources and <br />minimizes County Bond funds required, given the income groups served. All outside <br />