19D - AFFORDABLE HOUSING RFP - Laserfiche WebLink

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layering review by a real estate advisor selected by the City and paid for by proposer. The real estate advisor shall confirm the underwriting for the Project, the financial gap, and other programmatic requirements related to the funding sources. If the Review Panel determines that the Proposal will not be recommended for approval (i.e. the Proposal does not meet the minimum threshold score of 75 points), the Developer will be notified in writing of the decision and the result will be published in the Housing Division Quarterly Report. Each member of the Review Panel will evaluate and rank each proposal using the evaluation criteria listed below: COMPETITIVE SELECTION CRITERIA 1. LEVEL OF AFFORDABILITY AND TARGET POPULATION Max. 25 Points ELIGIBLE POINTS Project significantly increases affordable housing opportunities -for large families (three- and four-bedroom units) " , 10 Project provides a higher percentage of units for extremely low-income households with deeper affordability ♦ ' 10 Project increases affordable housing opportunities -for special needs populations including, but not limited to, homeless individuals and families, and persons with a disability 5 Sub -total 25 2. TIMELINESS TO BUILD NEW HOUSING (Max. 20`Points) Project has demonstrated site control 7 Project is zoned appropriately 5 Project does not have any other site -related issues 5 Project aligns with the City's Housing Element' Strategic Plah,,and/or 5 -Year Consolidated Plan ' 3 Sub -total 20 3. PROPERTY MANAGEMENT EX_ PERIENCE AND SHILLS (Max. 15 Points) -. 1. Project is energy efficient and incorporates green -building techniques 6 Applicant's ability to manage affordable rental units to ensure ongoing compliance with affordability re uirements and long term financial solvency 3 Applicant's,past experience'in property. management 3 Applicant's capacity and ability io quickly lease completed units 3 Sub -total 15 4. DEVELOPER EXPERIENCE AND SHILLS (Max. 15 Points) Applicant's capacity and ability to obtain additional funding 4 Applicant's capacity and ability to obtain entitlements 4 Applicant's overall past and projected effectiveness to provide affordable housing 4 Applicant's past and projected effectiveness to manage the construction process and stay on schedule 3 Sub -total 15 5. LEVERAGING OF CITY FUNDS (Max. 5 Points Applicant's potential or capacity to obtain additional financing 5 Sub -total 5 City of Santa Ana Community Development Agency Request for Proposals for Affordable Housing Development Page 12 1901-16