Agenda - Council - 06/25/2019 - Laserfiche WebLink

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• The development prioritizes the preservation of existing small businesses and/or the ability to occupy commercial space with small with local small businesses OR Housing Projects • The project provides or preserves housing choices to give people in all life stages and of all economic means viable choices for safe, stable, and affordable homes • The development's willingness to accept Housing Choice Vouchers • The project's ability to implement a displacement prevention strategy Affordable units must have a minimum term of affordability for 15 years, and mechanisms in place to ensure this term, to be considered affordable for scoring purposes. Partnerships and Processes • The project team involves partnerships among government, private for -profit and nonprofit sectors, and the local community • The project fills an identified and specific community need • The project team initiates community engagement early in the planning process • The planning process is inclusive of and responsive to community participation, vision, and leadership • The project team has a clear engagement plan to maintain community involvement throughout the project • Significant project changes lead to additional community engagement 8 Total 50 Applications must score 25 or more points to advance to the Step Two evaluation process. Step Two Evaluation Criteria for Development Grants Possible Points Innovation and Demonstration The development project provides demonstration value for the community and for the region through: • New development concepts, strategies or elements in one or more of the scoring areas covered in the Step One evaluation process; • Other innovation; • Serves as a model of LCDA goals; • Incorporates Equitable Development strategies when planning and/or designing the proposed project. 30 Catalyst • The proposed development project will catalyze additional development and private investment to future project phases and/or to the immediate area • The inclusion of strategies to support wealth building for residents within the community where the project is located 10 Readiness Assessment The proposed development project is ready and able to use awarded grant funds within the 36-month grant term, based on an assessment including: • The status of implementation tools — for example, zoning codes and other official controls, design standards, or development standards. • The status of funding commitments and other indicators of readiness. 10 12