Agenda - Council Work Session - 01/10/2012

Home

Selection Priorities Developer Minnesota Housing Claimed Awarded 1. Large Family Housing 10 Points The proposal is for a project that provides family housing that is not restricted to persons 55 years old or older. At least 75 percent of the total tax credit units must contain two or more bedrooms. The tenant selection plan must give preference to families with minor children. Note: If points are claimed/awarded for this category, then no points may be claimed/awarded from the selection priority categories of Single Room Occupancy Housing or Special Populations. 2. Single Room Occupancy Housing 10 Points At least 50% of the total tax credit units must be one bedroom or less with rents affordable to households whose incomes do not exceed 30 percent of AMI. Note: If points are claimed/awarded for this category, then no points may be claimed/awarded from the selection priority categories of Large Family Housing or Special Populations. 3. Strategically Targeted Resources 10 to 12 Points ❑ The proposal is for the rehabilitation of an existing structure —10 points Note that for all HTC rehabilitation proposals: • the amount of rehabilitation must exceed: a) $5,000 per low-income unit for the project; and the greater of b) $6,100 qualified basis per low-income unit per building; or c) 20 percent of the adjusted basis. A qualified preservation project that received full points for "Preserves Federally Assisted Low Income Housing" may qualify if rehabilitation exceeds the greater of (b) or (c) above. Calculation is based on rehabilitation hard costs and cannot include intermediary costs or soft costs identified in the application; plans and/or scope of work provided at the time of application. ❑ The rehabilitation proposal is part of a community revitalization or stabilization plan — 2 additional points Must be evidenced by a letter from the city verifying that the proposed project is part of an approved community revitalization area as established by resolution or other legal action. OR ❑ The proposal is for new construction and will utilize existing sewer and water lines without substantial extensions —10 points 4. Special Populations 3 or 10 Points Projects that are not restricted to persons of a particular age group and in which, for the term of the extended use period (Declaration of Land Use Restrictive Covenants), a percentage of the units are set aside and rented to persons with the following disabilities: (a) a serious and persistent mental illness as defined in Minn. Stat. § 245.462, subdivision 20, paragraph (c); (b) a developmental disability as defined in United States Code, Title 42, Section 6001, paragraph (5), as amended; (c) assessed as drug dependent as defined in Minn. Stat. § 254A.02, subdivision 5, and are receiving or will receive care and treatment services provided by an approved treatment program as defined in Minn. Stat. § 254A.02, Subdivision 2. (d) a brain injury as defined in Minn. Stat. § 2566.093, Subdivision 4, paragraph (a); or (e) permanent physical disabilities that substantially limit major life activities, if at least 50 percent of the units in the project are accessible as provided under Minnesota Rules Chapter 1341. ❑ A project in which at least 50 percent of the total units are set aside and rented to such persons —10 points OR ❑ A project in which at least 25 percent of the total units are set aside and rented to such persons — 3 points 2012 HTC Self -Scoring Worksheet Selection Priorities 3 of 16 Revised 04/2011