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HomeMy WebLinkAboutF.1.c Combined Scoring Sheets for 7-8-2020 CAHAB packet Community Housing Fund Scoring Sheet Page 1 Community Housing Fund Scoring Sheet For Use By CAHAB / Community Development Date:____6/19/20_________________________________________________________ Project Name: Willow Springs Phase 2 _________________________________________ Amount of Funding Requested: _____$240,000________________________________________ Rank the project based on the following criteria: Criteria Score Alignment with Community Housing Action Plan: (1 to 5) __5___ (5=Well aligned, 3= Neutral, 1= Not Aligned) Ability of this project to address a community need: (1 to 5) ____4____ (5 = addresses a pressing community need, 4 = addresses a significant community need, 3 = addresses a current community need, 2 = addresses a low priority community need, 1 = Does not address a community need) Target Income of those benefiting from proposal: (1 to 5) 1.5 _____ (Score on the basis that below 60% of AMI = 5 points and each 10% increase of AMI results in a 1 point decrease in the number of points allotted.) Opportunity Cost: (1 to 5) 3 _____ ( Consider urgency of need: 1)will this opportunity go away or be severely diminished if funding is not provided at this time; 2) Is the urgency of this request based on an opportunity that recently became available or is the urgency due to inefficient planning; 3) Why is this request being presented now – would it be better if executed at a different time) Level of partnership with other organizations: (1 to 5) 5 (5 = Partners Participating, 3 = Partners contacted but not Participating or Proposal doesn’t lend itself to including partners, 1 = Possible Partners not contacted) Alternate funding sources have been secured / solicited: (1 to 5) 5 _______ (5 = Other Funders Participating, 3 = Other Funders contacted but not Participating or Proposal doesn’t lend itself to including other Funders, 1 = Other Possible Funders not contacted) Funds Availability: (1 to 5) 3 (Would providing funds for this project limit the ability to provide funding for future projects that may be a better investment of Community Housing Funds? 5 = No, 3 = to a moderate degree, 1 = Yes) Community Housing Fund Scoring Sheet Page 2 Willingness to be flexible in grant / loan request: (1 to 5) 1 (5 = Very flexible, 3 = Neutral, 1 = Not flexible – based on answers to Type of Funding question) Thoroughness of the application / budget: (1 to 5) 5 (5= Detailed and understandable, 3 = Neutral, 1 = Lacking detail or hard to decipher) Viability of the proposed project: (1 to 5) 5__ (Score based on the level of perceived risk – 5=No risk, 4= Low Risk, 3= Average Risk, 2 Medium Risk, 1 = High Risk) Scope of project in terms of # of community housing units built / preserved: (1 to 5) __2.2___ (Score based on 5 units or fewer = 1 points. Each increment of 5 additional units generates 1 additional point up to the maximum of 5 points) Project’s generation of long-term or permanently affordable housing: (1 to 5) __5___ (Score on a scale of 5 year affordability = 1 point, each additional 5 year increment of affordability generates another point. Permanent affordability = 5 points) Requested investment of Community Housing funds per unit: (1 to 5) 0 _______ (Rate on a declining scale of $1,000 per unit. $1,000 per unit or less = 5 points, $2,000 per unit = 4 points, continuing to $6,000 or more = 0 points) Ongoing project affordability: (1 to 5) 3 (Provide points for Climate sensitive design, low maintenance, low or no HOA fees, low or no Land Trust fees, etc.) Total Points: __47.7_ A minimum of 30 points is required for a proposal without dwelling units to be considered for funding. A total of 42 points is required for a proposal that includes dwelling units to be considered. Community Housing Fund Scoring Sheet Page 1 Community Housing Fund Scoring Sheet For Use By CAHAB / Community Development Date:__6/23/20_______________________________________________________________________ Project Name:___Willow Springs________________________________________________________ Amount of Funding Requested: __$240,000____________________________________________ Rank the project based on the following criteria: Criteria Score Alignment with Community Housing Action Plan: (1 to 5) _5_______ (5=Well aligned, 3= Neutral, 1= Not Aligned) Ability of this project to address a community need: (1 to 5) __5______ (5 = addresses a pressing community need, 4 = addresses a significant community need, 3 = addresses a current community need, 2 = addresses a low priority community need, 1 = Does not address a community need) Target Income of those benefiting from proposal: (1 to 5) 4 _______ (Score on the basis that below 60% of AMI = 5 points and each 10% increase of AMI results in a 1 point decrease in the number of points allotted.) Opportunity Cost: (1 to 5) 5 _____ ( Consider urgency of need: 1)will this opportunity go away or be severely diminished if funding is not provided at this time; 2) Is the urgency of this request based on an opportunity that recently became available or is the urgency due to inefficient planning; 3) Why is this request being presented now – would it be better if executed at a different time) Level of partnership with other organizations: (1 to 5) 3 _______ (5 = Partners Participating, 3 = Partners contacted but not Participating or Proposal doesn’t lend itself to including partners, 1 = Possible Partners not contacted) Alternate funding sources have been secured / solicited: (1 to 5) 5 _______ (5 = Other Funders Participating, 3 = Other Funders contacted but not Participating or Proposal doesn’t lend itself to including other Funders, 1 = Other Possible Funders not contacted) Funds Availability: (1 to 5) 5 ______ Community Housing Fund Scoring Sheet Page 2 (Would providing funds for this project limit the ability to provide funding for future projects that may be a better investment of Community Housing Funds? 5 = No, 3 = to a moderate degree, 1 = Yes) Willingness to be flexible in grant / loan request: (1 to 5) 3 ________ (5 = Very flexible, 3 = Neutral, 1 = Not flexible – based on answers to Type of Funding question) Thoroughness of the application / budget: (1 to 5) 5 ________ (5= Detailed and understandable, 3 = Neutral, 1 = Lacking detail or hard to decipher) Viability of the proposed project: (1 to 5) 4_________ (Score based on the level of perceived risk – 5=No risk, 4= Low Risk, 3= Average Risk, 2 Medium Risk, 1 = High Risk) Scope of project in terms of # of community housing units built / preserved: (1 to 5) 2_________ (Score based on 5 units or fewer = 1 points. Each increment of 5 additional units generates 1 additional point up to the maximum of 5 points) Project’s generation of long-term or permanently affordable housing: (1 to 5) 5_________ (Score on a scale of 5 year affordability = 1 point, each additional 5 year increment of affordability generates another point. Permanent affordability = 5 points) Requested investment of Community Housing funds per unit: (1 to 5) 0 _______ (Rate on a declining scale of $1,000 per unit. $1,000 per unit or less = 5 points, $2,000 per unit = 4 points, continuing to $6,000 or more = 0 points) Ongoing project affordability: (1 to 5) 3 _______ (Provide points for Climate sensitive design, low maintenance, low or no HOA fees, low or no Land Trust fees, etc.) Total Points: ______54___ A minimum of 30 points is required for a proposal without dwelling units to be considered for funding. A total of 42 points is required for a proposal that includes dwelling units to be considered.