Project Name:
Reviewer:
Category Maximum
Points Score
1 Organizational Capacity and Relevant Experience 15
2 Project Need 20
3 Project Design and Readiness 20
4 Budget and Financial Management 15
5 Percentage of Matching Funds (Leverage) 15
6 Affordability Level 15
Total 100 0
Points are awarded based on the percentage of restricted units limited to various percentages of Area Median Income (AMI) and adjusted by household size. The proposed affordability restrictions included in the application will be incorporated into a City Affordable Housing Agreement or other regulatory agreement prior to disbursement of funds.
Points are awarded based on the following formula:
· 5 points for the minimum required match (25%);
· 10 points for a 50% match; and
· 15 points for a match of 75% or more.
Proposals with match ratios in between these percentages will be awarded 1 point for every 5% of match up to 15 points maximum. Matching percentage is determined by the percent of project cost to be funded by sources other than the requested City funds, according to applicant’s proposed project budget. Matching funds do not include existing City funding awards, including HMF, BMR, Federal (CDBG, HOME), and State (PLHA).
*For predevelopment projects , amounts for matching funds and project cost must be based on predevelopment scope of work only (not total development cost).
Project design (physical and operational) is cost-effective, feasible, compatible with the neighborhood, and effective in meeting the stated goals and objectives. Applicant is ready and able to apply for other financing upon issuance of conditional funding award, and has or will have site control by December 31, 2024. · For rehabilitation projects: all lienholders, owners, and/or agencies with an ownership or security interest in the property have reviewed and approved this proposal, and are willing to provide any required written approvals of the proposed rehabilitation project within 90 days of funding award. · For non-predevelopment projects: Applicants must secure required planning entitlements within one year of conditional funding award.
· For predevelopment projects: Applicants must submit a Preliminary Review application to the Planning Division prior to June 3, 2024 to receive initial feedback on their project.
Financial management points based on clean financial audits and a strong record of financial and regulatory compliance at other projects owned or managed by applicant. Budget scores based on realistic cost estimates and budget for development and operation of project, and projected competitiveness of project costs in tax credit applications, etc. If applicable, Proposals must address how units will be made affordable to households with incomes between 0% to 30% of AMI (i.e., through use of project-based subsidies or other means).
2024 HMF Notice of Funding Availability Scoresheet
Organization’s staff, board members and project team are well qualified to complete and operate project, considering years of relevant experience and number of similar projects completed. · Project clearly addresses each of the goals listed in the Project Goals section of this NOFA. · Project clearly addresses one or more priorities identified in the Housing Priorities section of this NOFA.
· Stated need for project and proposed project are supported by letters from community members or organizations other than applicant.
Bonus Criteria
Projects that meet the following criteria shall receive an extra two points per category, not to exceed 22 total points for this section:
· Project is located in a High or Highest Resource area according to the 2024 TCAC/HCD Opportunity Map.
SAMPLE
Attachment 2