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EXHIBIT 2 <br />Sub -total <br />BONUS POINTS: Project provides at least 75% or more of the units for extremely 5 <br />low-income families at 30% Area Median Income <br />BONUS POINTS: Developer commits to donate a portion of their developer fee to a 5 <br />nroiect or initiative in the surrounding neighborhood <br />I TOTAL ELIGIBLE POINTS 1 115 1 <br />Each member of the Review Panel will evaluate and rank each affordable homeownership proposal using the <br />evaluation criteria listed below: <br />Revision 9 -ADD <br />Page 28, Available Funds for this RFP <br />Available program funds may be used for development loans for the following eligible purposes: <br />(1) The purchase or lease of land and buildings for new construction or rehabilitation of housing that may utilize <br />available State and Federal housing assistance programs for homeownership or rental projects. <br />(2) The purchase of existing multi -family or other buildings that result in the sale or rental of units to low- and <br />moderate -income households. <br />(3) The provision of interim loan funds for any of the above purposes prior to the funding of a public or private loan. <br />Eligible development costs for the above uses include, but are not necessarily limited to: <br />a. Site acquisition and preparation; <br />b. Rehabilitation of dwelling units, common areas and related structures; <br />c. New construction; <br />d. Carrying charges and financing fees; <br />e. Architectural, legal, and organizational fees; <br />f. Temporary or permanent tenant relocation costs. <br />Please refer to the Affordable Housing Funds Policies and Procedures amended by City Council on August 18, 2020 for <br />more information. <br />As of the date of issuance, the Available Funds for this RFP will be as follows, subject to change: <br />HOME Investment Partnerships Program (HOME) $7,796,256 <br />$8,360,632 <br />Available funds can be used for a variety of housing types and preferences. Please see the table below for the general <br />allowable uses of funds for each source. Please see Exhibit A for a more detailed description of the eligible uses for <br />each source. <br />O o <br />O o <br />E <br />G> <br />3 <br />c <br />C <br />L O <br />_ w <br />C O O <br />a <br />tll <br />r 0 <br />caa, <br />� O <br />`°N <br />O <br />tq to <br />vJ <br />d <br />O <br />O D <br />O +. <br />c <br />L_ <br />= <br />Source of Funds <br />°' ; <br />°' <br />c <br />a=i <br />N <br />.; <br />°' <br />3 <br />d <br />:° <br />=mow <br />_N - _ 's <br />O O <br />O O <br />O- <br />5 LO <br />w <br />Z �' <br />d <br />3 M W L <br />O <br />c� <br />_4) <br />x <br />ZV <br />�a <br />cv <br />=fir <br />va�0= <br />E <br />Q��C <br />o <br />Q <br />t� <br />O <br />HOME Program Funds <br />X <br />X <br />X <br />X <br />X <br />X <br />X <br />The HOME Program establishes maximum per -unit subsidy limits for the use of HOME funds. The 2023 maximum <br />Per -unit subsidy limits published by HUD and applicable to Santa Ana are as follows: <br />Bedrooms <br />HOME Maximum Subsidy <br />0 Bedrooms <br />$173,011 <br />1 Bedroom <br />$198,331 <br />2 Bedrooms <br />$241,176 <br />3 Bedrooms <br />$312,005 <br />4+ Bedrooms <br />$342,482 <br />