Agenda - Council - 03/26/2013 - Laserfiche WebLink

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Selection Priorities Developer Minnesota Housing Claimed Awarded 2. Strategically Targeted Resources ❑ 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) $6,200 qualified basis per low-income unit per building; or c) 20 percent of the adjusted basis. 10 to 12 Points 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 3. Economic Integration 1 or 2 Points One (1) or Two (2) Points will be awarded to projects that meet one of the following (check one box below): ❑ The proposed housing provides project economic integration by providing at least 25 percent but not greater than 50 percent of the total units in the project as qualified HTC low income units (does not include full-time manager or other common space units) * - 2 points OR To promote economic integration, projects are awarded points for being located in higher income communities that are close to jobs (link to the methodology description, maps and census tract list). ❑ The proposed housing is located in a census tract eligible for 1 point ❑ The proposed housing is located in a census tract eligible for 2 points http://www.mnhousing.gov/resources/apply/multifamily/MHFA 009339.aspx). 4. Project Location — Top Growth Communities 5 Points Points are awarded for projects located in or near a top growth city in households or jobs. In the metropolitan area, project locations must be within 5 miles of a top growth city. In Greater Minnesota, project locations must be within 10 miles of a top growth city. (link to Project Location —Top Growth Communities list) http://www.mnhousing.gov/resources/apply/multifamily/MHFA 012477.aspx. 2013 HTC Self -Scoring Worksheet Selection Priorities 4 of 17 Rev. 04/2012