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EXHIBIT 2 <br />Project provides at least 50% or more of the units for extremely low-income families <br />at 30% Area Median Income (possible points based on a tiered scoring — 10 pts. for <br />50%, 8 pts. For 40%, 6 pts. for 30%, 4 pts. for 20%, etc. <br />10 <br />Project increases affordable housing opportunities for special needs populations <br />including, but not limited to, homeless individuals and families, and persons with a <br />disability <br />5 <br />Sub -total <br />25 <br />2. TIMELINESS TO BUILD NEW HOUSING (Max. 20 Points) <br />Project has demonstrated site control <br />7 <br />Project is zoned appropriately <br />5 <br />Project does not have any other site -related issues <br />5 <br />Project aligns with the City's Housing Element, Strategic Plan, and/or 5-Year <br />Consolidated Plan <br />3 <br />Sub -total <br />20 <br />3. PROPERTY MANAGEMENT/SALES 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 compliance <br />with affordability requirements and long term financial solvency <br />3 <br />Applicant's past experience in property management or sale of affordable units <br />3 <br />Applicant's capacity and ability to quickly lease/sell 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 housing <br />4 <br />Applicant's past and projected effectiveness to manage the construction process and <br />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 FINANCIAL PARAMETERS (Max. 15 Points) <br />Project's proposed development costs are reasonable and comparable <br />3 <br />Project's proposed rents/sales prices are realistic <br />3 <br />Project's operating costs are realistic and reasonable (rental only) <br />3 <br />Project has sufficient operating and replacement reserves (rental only) <br />3 <br />Project is projecting a positive cash flow through affordability period (rental only) <br />3 <br />Sub -total <br />15 <br />7. RFP PRIORITIES (Max. 5 Points) <br />Project is an acquisition/rehabilitation project with substantial rehabilitation located in <br />one of the four target geographical areas. <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; or project <br />provides details on the development team's community outreach strategy for the <br />project. <br />5 <br />