Laserfiche WebLink
EXHIBIT 1 <br />The following constitute the City's general selection criteria, and may be modified from time to <br />time to address practical requirements arising from a particular solicitation at the City's <br />discretion: <br />COMPETITIVE SELECTION CRITERIA _ <br />1. LEVEL OF AFFORDABILITY AND TARGET POPULATION <br />(Max. 25 Points) <br />ELIGIBLE <br />POINTS <br />Project significantly increases affordable housing opportunities for large <br />families (three- and four-bedroom units) <br />10 <br />Project provides a higher percentage of units for extremely low-income <br />households with deeper affordability <br />10 <br />Project increases affordable housing opportunities for special needs <br />populations including, but not limited to, homeless individuals and families, <br />and persons with a 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 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 long term 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 capacity and ability to obtain additional funding <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 />ax. 5 Points) <br />Applicant's potential or capacity to obtain additional financing <br />5 <br />Sub -total <br />5 <br />Affordable Housing Funds Policies and Procedures <br />Page 12 <br />