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									LIHTC Points Descriptions

Category

Title

Description Each application will be rated on the degree to which the proposed development serves low-income persons as measured by the following:

A.

Low-Income Service

A. 1)

Service to Low-Income Households Below 25 Percent of Area Median Income (AMI)

Points will be awarded based on the percentage of qualified units that serve households below 25 percent of AMI and provide rents pursuant to HUD guidelines adjusted for family size throughout the extended use period.

A. 2)

Service to Low-Income Households Between 25 and 50 Percent of Area Median Income (AMI)

Points will be awarded based on the percentage of qualified units that serve households between 25 and 50 percent of AMI and provide rents pursuant to HUD guidelines adjusted for family size throughout the extended use period.

A. 3)

Public Housing Authority Waiting Lists/Supportive Housing Program Clients

The sponsor has committed in writing to the local housing authority to give priority to households that are on waiting lists for public or assisted housing, the recipients of HUD vouchers or State RAP Certificates, or are the recipients of assistance and support services funded through the State of Connecticut Supportive Housing PILOTS Initiative or a successor/associated State funded supportive housing program identified by the Authority.

B.

Financing Characteristics

Each application will be rated and ranked on the degree to which the development constitutes a productive use of housing tax credits to leverage additional resources as measured by the following:

B. 1)

Flexible Resources from Public or Private Sources

Percentage of the project’s Total Development Resources that include non-amortizing (grants, deferred loans, deferred developer fee, donations, etc.) assistance from sources other than Connecticut General Funds, Connecticut General Obligation Bond Funds or the Authority. See Definitions, Section 2.III.B above, for the definition of TDR.

B. 2)

Public Resources

Percentage of the project's Total Development Resources that include public resources (grants, public loans at or below AFR, deferred public loans) other than those of Connecticut General Funds, Connecticut General Obligation Bond Funds or the Authority.

B. 3)

Private Resources

Points will be awarded based on the percentage of the project's TDR that includes private resources.

B. 4)

Cost of First Mortgage Funds

Add 1 point (to a maximum of 10 points) for every 25 basis points the interest rate on the mortgage funds from private sources is less than the Annual Long-Term Applicable Federal Rate in effect as of 30 days prior to the application submission deadline plus 150 basis points. Mortgage funding from the Connecticut Housing Finance Authority may be a private source because the Authority by law is not a state agency.

B. 5)

Developer/ Sponsor Financing

Points will be awarded based on teh percentage of the project's TDR that includes developer/sponsor financing exclusive of deferred developer fee and syndication proceeds.

B. 6)

Per Unit Cost Effectiveness

Up to 10 points will be awarded to an applicant's score based on the proximity of per unit costs to the Authority's standard for relative cost effectiveness for hard costs and points will be subtracted from the applicants score based on the degree to which per unit costs is less than 90 percent or greater than 110 percent of the Authority's standard of relative cost effectiveness for hard cost.

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LIHTC Points Descriptions

Category

Title Cost Effectiveness of Low Income Housing Tax Credits Location and Housing Needs Characteristics

Description 7.5 points will be awarded to the top three projects per funding round with the lowest percentage of LIHTC intermediary costs. Each application will be rated on the degree to which the development is consistent with the locational and housing priorities of the Plan as measured by the following: Is located in areas of higher rent/income disparity comparing average municipal rent with AMI as defined in the 2000 Census.

B. 7)

C.

C. 1)

High Rent and LowIncome Communities

C. 2)

Communities with Comparatively Less Rental Housing

Is located in a community with a high percentage of owner occupied single family detached homes as defined in the 2000 Census.

C. 3)

Part of a Formal Plan for Redevelopment

The proposed development is part of and consistent with a formal plan which designates a specific targeted geographic area.

C. 4)

Housing Targeted for Large Families

Points will be awarded based on the percentage of total units with three or more bedrooms.

C. 5)

Housing Targeted to and Suitable for Families with Children

Points will be awarded based on the percentage of total units with two or more bedrooms.

C. 6a)

Effort to Address Needs of the Disabled

Points will be awarded based on the percentage of total units specifically targeted to, and the number of units setaside for persons with disabilities.

C. 6b)

Effort to Address Needs of the Disabled

Additional points given to developers who pledge to use an affirmative action plan to market units to disabled individuals on waiting lists.

C. 7)

Superior Site

Points will be awarded to projects in close proximity to each of the following features: grocery store, sidewalk, pedestrian crossing, public transportation, public park, historic district, 25 mph speed limit road.

C. 8)

Cooperation with local or state gov't authority

Site is being provided through cooperation with a local government authority, i.e. a Huosing Authority or surplus land redevelopment agency. The proposal is rehabilitation in municipalities with Urban Regional Centers or is new construction in (See QAP for list of municipalities). Each application will be rated on the degree to which the development supports various programmatic and implementation priorities as measured by the following:

C. 9)

Priority Locations

D.

Project Characteristics

D. 1)

Adds New Housing Units

Adds to the stock of housing available to low-income persons through qualified new construction or the rehabilitation of previously unoccupied blighted units in existing structures. Points will be prorated based on the number of units provided for occupancy if less than all units.

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LIHTC Points Descriptions

Category D. 1)

Adds New Housing Units Title

Adds to the stock of housing available to low-income persons through qualified new construction or the rehabilitation of previously unoccupied blighted units in Description existing structures. Points will be prorated based on the number of units provided for occupancy if less than all units.

D. 2)

Asthma Safe Housing

Developed housing meets requirements identified by the Authority for asthma safe homes.

D. 3)

Energy Conservation and Environmental Factors

Developed housing will meet energy conservation feature requirements identified below. Points will be awarded to projects for each of the following features. Owner/Consultant certification of systems and materials installed will be required. Minimum construction standard shall be the "2007 Connecticut Housing Finance Authority Standards of Design and Construction".

D. 4)

Resident Services

Points will be awarded for projects with high speed internet access, on-site education opportunities, community meeting space, daycare facilities, door-to-door transportation and on-site resident services coordinator working 20 hours per week.

D. 5)

Economic Integration

Proposal promotes economic integration by developing a minimum of 10 percent non-qualified units.

D. 6)

Job Training

Developer provides job training opportunities in the building trades during development via an established State or local job training program or initiative.

E.

Sponsorship Characteristics Women and/or minorities participate in the ownership, development or management of the project by holding directly a 51 percent or more ownership and voting interest in project ownership, development entity or management firm. For qualified non-profits, women and/or minorities should hold directly a 51 percent voting interest on the board of directors.

E. 1)

Women and Minority Participation

E. 2)

Connecticut-Based Businesses

Developer/sponsor is a Connecticut based organization whose principal place of business has been located in the State of Connecticut for a minimum of 3 years. Two and one-half (2.5) points will be awarded to each applicant whose application forms and exhibits are all submitted by the application deadline, and are materially and substantively complete in their content.

F.

Application Quality

Total State Points Total Federal Points Total Points

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LIHTC Name: Calculation Worksheet Project Points
Project Number: N/A

= Applicant Enter Data = CHFA Enter Data

Category

Title

Points Calculation

Actual Points

Explanation of Points Calculation

Possible Points

A.

Low-Income Service

#DIV/0! Calculated by dividing the number of units serving households below 25 percent of AMI and meet rent requirements by the total number of qualified units. Number of units serving households below 25% of AMI and satisfy HUD rent guidelines Total number of qualified units Percentage Points Earned #DIV/0! #DIV/0! #DIV/0! > 25% > 12.5% and < 25% > 5% and < 12.5% < 5% Calculated by dividing the number of units serving households between 25 and 50 percent of AMIand meet rent requirements by the total number of qualified units. > 15% >10% and <15% < 10% Exhibit 1 - Must be accompanied by a letter from the local housing authority stating that the sponsor has committed in writing to be bound by a regulatory agreement with the housing authority giving priority to households on waiting lists for public or assisted housing, the recipients of HUD vouchers or State RAP certificates, are recipients of housing assistance and support services funded through the PILOTS initiative or a successor State funded supportive housing program..

30.0

A. 1)

Service to Low-Income Households Below 25 Percent of Area Median Income (AMI)

10.0 7.5 5.0 0.0

A. 2)

Service to Low-Income Households Between 25 and 50 Percent of Area Median Income (AMI)

Number of units serving households between 25 & 50% of AM and satisfy HUD rent guidelines Total number of qualified units Percentage Points Earned

#DIV/0! 0 #DIV/0! #DIV/0!

10.0 7.5 0.0

A. 3)

Public Housing Authority Waiting Lists/Supportive Housing Program Clients

0.0

Letter from local housing authority re waiting lists, yes or no Points Earned

0.0

Yes No

10.0 0.0

B.

Financing Characteristics

#DIV/0!

60.0

B. 1)

Flexible Resources from Public or Private Sources

Non-amortizing assistance source 1 Non-amortizing assistance source 2 Non-amortizing assistance source 3 Non-amortizing assistance source 4 Non-amortizing assistance source 5 Sum of all non-amortizing assistance TDR Percentage Points Earned

$0 #DIV/0! #DIV/0!

Exhibit 2 - Calculated by dividing the sum of all nonamortizing assistance (i.e. grants, deferred loans, deferred developer fee, donations, etc.) from sources other than Connecticut General Funds, Connecticut #DIV/0! General Obligation Bond Funds or the Authority by the TDR. > 20% > 10% and < 20% < 5% 5.0 2.5 0.0

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation Public resource source 1 Public resource source 2 Public resource source 3 Public resource source 4 Public resource source 5

Actual Points

Explanation of Points Calculation

Possible Points

Exhibit 2 - Calculated by dividing the sum of all public resources other than those from Connecticut General Funds, Connecticut General Obligation Bond Funds or the Authority by the TDR. #DIV/0! > 25% > 20% and < 25% > 15% and < 20% >10% and <15% > 5% and < 10% < 5% Exhibit 2 - Calculated by dividing the sum of all Private resources by TDR (CHFA financing may be considered a private resource). > 10% > 5% and < 10% < 5% 6.0 6.00 Exhibit 2 - Calculated by dividing the sum of all the developer sponsor financing by the TDR. $0 $0 #DIV/0! #DIV/0! #DIV/0! > 10% > 5% and < 10% < 5% Points awarded based on a comparison of the project's hard construction costs with the Authority's standard for relative cost effectiveness. Determined based on a comparison of the intermediary costs of all applications in the round. 7.5 5.0 0.0 10.0 Exhibit 2 - Calculated by (((AFR + 150 basis points) private first mortgage interest rate)*100)/25% 5.0 2.5 0.0 10 15.0 12.5 10.0 7.5 5.0 0.0

B. 2)

Public Resources Sum of public resources TDR Percentage Points Earned Private resource 1 Private resource 2 Private resource 3 Private resource 4 Private resource 5 Sum of all private resounces TDR Percentage Points Earned AFR interest rate Points Earned Developer/Sponsor Financing 1 Developer/Sponsor Financing 2 Developer/Sponsor Financing 3 Developer/Sponsor Financing 4 Sum of all developer sponsored financing TDR Percentage Points Earned $0 $0 #DIV/0! #DIV/0!

B. 3)

Private Resources

#DIV/0! $0 $0 #DIV/0! #DIV/0!

B. 4)

Cost of First Mortgage Funds

B. 5)

Developer/ Sponsor Financing

B. 6)

Per Unit Cost Effectiveness Points Earned Cost Effectiveness of Low Income Housing Tax Credits

0.0

B. 7)

Top 3 projects with lowest intermediary costs, yes or no Points Earned

0.0 0.0

7.5

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation

Actual Points

Explanation of Points Calculation

Possible Points

C.

Location and Housing Needs Characteristics

#DIV/0!

74.0

C. 1)

High Rent and Low-Income Communities

Number of Units: New Construction Number of Units: Rehab Rental Housing Construction Ratio Rental Rehab Construction Ratio Points Earned

#DIV/0!

Tables 1& 2 - Determined using Rent/Income ratios from Rental Housing Construction Location Index, and Rental Rehab Location Index charts. 5.0 2.5 0.0

#DIV/0!

C. 2)

Communities with Comparatively Less Rental Housing

Owner Occupied/total units Percentage Points Earned

0.0

C. 3)

Part of a Formal Plan for Redevelopment

NRZ, yes or no Other formal plan, yes or no In a QCT location, yes or no Points Earned

0.0

C. 4)

Housing Targeted for Large Families

Number of units with 3 bedrooms or more Total number of units Percentage Points Earned Number of units with 2 bedrooms or more Total number of units Percentage Points Earned

#DIV/0! #DIV/0!

C. 5)

Housing Targeted to and Suitable for Families with Children

0 #DIV/0! #DIV/0!

C. 6a)

Effort to Address Needs of the Disabled

Number of units targeted to and set-aside for disabled Total number of units Percentage Points Earned

0 #DIV/0! #DIV/0!

< 0.85 > 0.85 and < 1.0 > 1.0 Table 3 - Determined using the owner occupied/total units percentage from Home Ownership Location Index chart. 0.0 > 85% > 70% and < 85% < 70% Exhibit 3 - Must be evidenced by a copy of the municipally approved plan designating a specific targeted geographic area. 0.0 Neighborhood Revitalization Zone or Other formal plan In a QCT location (add'l points in either case) Calculated by dividing the number of units with three or more bedrooms by the total number of units. > 45% #DIV/0! > 30% and < 45% > 20% and < 30% > 10% and < 20% < 10% Calculated by dividing the number units with two or more bedrooms by the total number of units. #DIV/0! > 60% > 30% and < 60% < 30% Exhibit 4 a. - Calculate the percentage of units targeted by the total number of units. Must be evidenced by a certification from the project architect identifying the #DIV/0! number of units specifically targeted to and set-aside for persons with disabilities. > 15% < 15%

5.0 2.5 0.0

10.0 10.0 2.5

12.5 10.0 5.0 2.5 0.0

10.0 5.0 0.0

5.0 0.0

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation

Actual Points

Explanation of Points Calculation Exhibit 4 b. - Evidenced in form of a certification from owner. Yes No Exhibit 5 - Staff to make determination based on documentation provided by developer. Located within one-half (0.5) mile of a passenger rail station Site is located within one-half mile from a grocery store. Sidewalks adjacent to multi-family buildings or throughout scattered site projects that connect to sidewalks in surrounding area Pedestrian street crossing within five hundred feet of any residential structure that is part of the project.

Possible Points

C. 6b)

Effort to Address Needs of the Disabled

Certification to actively market units to disabled, Yes or No Points Earned Indicate one point for each of the following: Points earned for location within one-half mile of rail Points earned for grocery

0.0 0.0

2.5 0.0

1.0 1.0

Points earned for sidewalk Points earned for pedestrian crossing C. 7) Superior Site Points earned for public transportation Points earned for public park Points earned for historic district Points earned for 25 mph speed limit Points earned for location near rural community center Points Earned Cooperation with local or state gov't authority 0.0 0.0

1.0 1.0

Public transportation stop within one-quarter (0.25) mile of any residential structure that is part of the project. Public park or community recreation center within onequarter (0.25) mile. Within one-tenth (0.1) of a mile of governmentrecognized historic building/district. Property adjacent to public street with maximum speed limit of 25 mph. Site is located within one mile of a Rural Community Center

1.0 1.0 1.0 1.0 1.0

Exhibit 6 - Certification Cooperation with local or state gov't authority, Yes or No Points Earned New Construction and on Priority Locations List, yes or no Rehabilitation and in Urban Regional Center, yes or no Points Earned 0.0 0.0 0.0 0.0 QAP - Determined by utilizing list verifying this OR Urban Regional Center Yes No 2.5 0.0 Yes No 10.0 0.0

C. 8)

C. 9)

Priority Locations

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation

Actual Points

Explanation of Points Calculation

Possible Points

D.

Project Characteristics

#DIV/0! Exhibit 7 - Full points given for new construction, or if documentation is provided that units are vacant and blighted, points may be prorated. Applicants must provide from the appropriate City/Town official written #DIV/0! evidence that the buildings intended for rehabilitation are blighted and vacant. Yes No Exhibit 8 - Evidenced by the utilization of the latest requirements stated in the Building Guidance for Healthy Homes developed by the Asthma Regional Council and certification form. Certification by architect 0.0 certifying to the compliance with these requirements prior to issuance of 8609s. Yes No Exhibit 9 - Evidenced by a letter from Architect certifying to each item the project is claiming points for. Specify Yes or No for each of the following: CRI Green label, low-VOC carpeting, pad and adhesives. Formaldehyde-free insulation. High efficiency toilets in each living unit. Non-smoking buildings or portions of buildings. Energy Star ceiling fans in all bedrooms and living rooms; whole house fan or an economizer cycle on building HVAC systems. Lighting controls, such as sensors and timers, to turn off lighting in unused areas or during times when lighting is not required. Use of controls is not recommended for bathrooms. Universal design features in at least one-half of the living Energy Star rated bathroom and kitchen exhaust fans, Water-saving faucets or flow restrictors in kitchens and No-VOC interior paint. Site designed to retain, infiltrate and/or treat the first 1/2" of rainfall in a 24-hour period. Points Earned CRI Green label, low-VOC carpeting, pad and adhesives Formaldehyde-free insulation. High efficiency toilets in each living unit. Non-smoking buildings or portions of buildings. Energy Star ceiling fans in all bedrooms and living rooms; whole house fan or an economizer cycle on building HVAC systems. Lighting controls, such as sensors and timers, to turn off lighting in unused areas or during times when lighting is not required. Use of controls is not recommended for bathrooms. Universal design features in at least one-half of the Energy Star rated bathroom and kitchen exhaust Water-saving faucets or flow restrictors in kitchens No-VOC interior paint. Site designed to retain, infiltrate and/or treat the first 1/2" of rainfall in a 24-hour period.

43.0

D. 1)

Adds New Housing Units

Number of units new construction or unoccupied rehab Total number of units Percentage Points Earned

0 #DIV/0! #DIV/0!

10.0 0.0

D. 2)

Asthma Safe Housing Meets asthma safe requirements, Yes or No Points Earned

0.0

5.0 0.0

0.5 0.5 0.5 0.5

D. 3)

Energy Conservation and Environmental Factors

0.0

1.0

1.0 1.0 1.0 1.0 1.0 2.0

0.0

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation

Actual Points

Explanation of Points Calculation

Possible Points

Specify Yes or No for each of the following: Provides infrastructure for high speed internet access in the living area of each unit. On-site computer room with free internet access and a minimum of two computers that are brand new at time of construction. On-site education opportunities for residents. (i.e. GED Program, parenting classes,etc.) D. 4) Resident Services Community meeting space on-site and planned resident activities. (i.e. Resident BBQ, exercise classes, etc.) Daycare facility on-site with State Certified, full-time staff. Complex provides door -to-door transportation to nearby shopping centers/areas of employment. May include community transportation services that stop at the complex. On-site resident services coordinator, working a minimum of 20 hours per week. Points Earned Number of non-qualified units Number of total units Percentage Points Earned 0.0

Exhibit 12 - Documentation requirements found in QAP Provides infrastructure for high speed internet access in the living area of each unit. On-site computer room with free internet access and a minimum of two computers that are brand new at time of construction. On-site education opportunities for residents. (i.e. GED Program, parenting classes,etc.) Community meeting space on-site and planned resident activities. (i.e. Residentsocial events, exercise classes, etc.) Daycare facility on-site with State Certified, full-time staff. Complex provides door -to-door transportation to nearby shopping centers/areas of employment. May include community transportation services that stop at the complex. On-site resident services coordinator, working a minimum of 20 hours per week.

1.0 1.0 1.0 2.0 2.0

2.0

1.0

0.0 0.0 #DIV/0! #DIV/0! #DIV/0! > 20% > 10% and < 20% < 10% Exhibit 11 - Evidence by a written commitment from the applicant supported by a letter from the entity to provide the training. Yes No 5.0 2.5 0.0

D. 5)

Economic Integration

D. 6)

Job Training Letter from training program entity, Yes or No Points Earned 0.0

0.0

5.0 0.0

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LIHTC Points Calculation Worksheet

Category

Title

Points Calculation

Actual Points 0.0

Explanation of Points Calculation

Possible Points 10.0

E.

Sponsorship Characteristics

E. 1)

Women and Minority Participation 51 percent or greater interest by females/eligible minorities, Yes or No Points Earned

0.0

0.0 0.0 0.0 0.0 0.0

E. 2)

Connecticut-Based Businesses

CT based developer, Yes or No Points Earned

Exhibit 13 - Must be documented by the appropriate corporation/partnership legal papers or a notarized statement from the female(s)/eligible minority(s) that they hold a 51 percent or greater interest in the project ownership entity, development entity or management firm. Yes No Exhibit 14 - Must be evidenced by the appropriate corporation/partnership legal papers. Yes No Points given to an eligible aplicant submitting a complete application resulting in no deficiencies as determined by Authority staff.

5.0 0.0

5.0 0.0 2.5

F.

Application Quality

All forms submitted by deadline, Yes or No Points Earned

Total State Points Total Federal Points Total Points

#DIV/0! #DIV/0!

219.5 20.0 239.5

Reviewed by: ________________________________

Date: ______________________________

Reviewed by: ________________________________

Date: _______________________________

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