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EXHIBIT 1 <br />3. PROPERTY MANAGEMENT EXPERIENCE AND SHILLS <br />(Max. 15 Points) <br />Project is energy efficient and incorporates green -building techniques <br />6 <br />Applicant's ability to manage affordable rental units to ensure ongoing <br />compliance with affordability requirements and longterm financial solvency <br />3 <br />Applicant's past experience in property management <br />3 <br />Applicant's capacity and ability to quickly lease completed units <br />3 <br />Sub -total <br />15 <br />4. DEVELOPER EXPERIENCE AND SHILLS (Max. 15 Points) <br />Applicant's experience in obtaining additional financing <br />4 <br />Applicant's capacity and ability to obtain entitlements <br />4 <br />Applicant's overall past and projected effectiveness to provide affordable <br />housing <br />4 <br />Applicant's past and projected effectiveness to manage the construction <br />process and stay on schedule <br />3 <br />Sub -total <br />15 <br />5. LEVERAGING OF CITY FUNDS <br />(Max. 5 Points <br />Applicant's potential or capacity to obtain additional financing for this project <br />5 <br />Sub -total <br />5 <br />6. ANTICIPATED CASH FLOWS (Max. 15 Points) <br />Project's proposed development costs are reasonable and comparable <br />3 <br />Projects proposed rents are realistic <br />3 <br />Project's operating costs are realistic and reasonable <br />3 <br />Project has sufficient operating and replacement reserves <br />3 <br />Project is projecting a positive cash flow through affordability period <br />3 <br />Sub -total <br />15 <br />7. PROJECT LOCATION (Max. 5 Points) <br />Project is located in an area currently underserved by affordable housing <br />5 <br />Sub -total <br />5 <br />8. COMMUNITY INCLUSION (Max. 5 Points) <br />Project demonstrates how neighborhood input was solicited and utilized in the <br />development of the proposal including any community outreach efforts. <br />Project provides details on the development team's community outreach <br />strategy for the project. <br />5 <br />Sub -total <br />5 <br />BONUS POINTS: Project provides at least 75% or more of the units for <br />extremely low-income families at 30% Area Median Income <br />5 <br />BONUS POINTS: Developer commits to donate a portion of their developer <br />fee to a project or initiative in the surrounding neighborhood <br />5 <br />TOTAL ELIGIBLE POINTS <br />115 <br />The minimum score to be considered for a pre -loan commitment is 75 points out of 115 points total. <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Page 14 <br />80A-18 <br />