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<br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Page 14 <br />3. PROPERTY MANAGEMENT/SALES EXPERIENCE AND SKILLS <br />(Max. 15 Points) <br />Project is energy efficient and incorporates green-building techniques 6 <br />Applicant's ability to manage affordable rental units to ensure ongoing <br />compliance with affordability requirements and long term financial solvency 3 <br />Applicant's past experience in property management or sale of affordable units 3 <br />Applicant's capacity and ability to quickly lease/sell completed units 3 <br />Sub-total 15 <br />4. DEVELOPER EXPERIENCE AND SKILLS (Max. 15 Points) <br />Applicant's experience in obtaining additional financing 4 <br />Applicant's capacity and ability to obtain entitlements 4 <br />Applicant's overall past and projected effectiveness to provide affordable <br />housing 4 <br />Applicant's past and projected effectiveness to manage the construction <br />process and stay on schedule 3 <br />Sub-total 15 <br />5. LEVERAGING OF CITY FUNDS <br />(Max. 5 Points) <br />Applicant's potential or capacity to obtain additional financing for this project 5 <br />Sub-total 5 <br />6. ANTICIPATED FINANCIAL PARAMETERS (Max. 15 Points) <br />Project's proposed development costs are reasonable and comparable 3 <br />Project's proposed rents/sales prices are realistic 3 <br />Project's operating costs are realistic and reasonable (rental only) 3 <br />Project has sufficient operating and replacement reserves (rental only) 3 <br />Project is projecting a positive cash flow through affordability period (rental <br />only) 3 <br />Sub-total 15 <br />7. RFP PRIORITIES (Max. 10 Points) <br />Project is an acquisition/rehabilitation project with substantial rehabilitation 5 <br />Project provides affordable homeownership opportunities 5 <br />Sub-total 10 <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; or <br />project provides details on the development team's community outreach <br />strategy for the project. <br />5 <br />Sub-total 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 5 <br />BONUS POINTS: Developer commits to donate a portion of their developer <br />fee to a project or initiative in the surrounding neighborhood 5 <br />TOTAL ELIGIBLE POINTS 120 <br /> <br />The minimum score to be considered for a pre-loan commitment is 75 points out of 120 points total. <br /> <br />EXHIBIT 1