21-806HA
| 1 | 3.1 | FISCAL YEAR 2021-2022 FOCUSED NOTICE OF FUNDING AVAILABILITY - FUNDING RECOMMENDATIONS | HA- Report | REPORT - FISCAL YEAR 2021-2022 FOCUSED NOTICE OF FUNDING AVAILABILITY - FUNDING RECOMMENDATIONS
BACKGROUND: In response to the Fiscal Year 2021-2022 Focused Notice of Funding Availability (“NOFA”) announcing approximately $8,900,000 of funds for affordable housing, the Housing Authority received seven applications requesting $23 million for 454 total units. Five applications were received for new construction projects, and two applications were received for rehabilitation and acquisition projects. The projects were evaluated and ranked based on project readiness, affordability, bedroom size, special needs set asides, leveraging, project competitiveness, developer and management experience, services and amenities, and other factors. The top two ranking projects are recommended to receive funding awards. The Bennett Valley Apartments project was ranked first and earned 82% of the total points possible; the Mahonia Glen project was ranked second, having earned 77% of total points possible.
RECOMMENDATION: It is recommended by the Housing Authority Ad-Hoc Review Committee and the | to waive reading of the text and adopt | Pass |
Action details
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Video
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21-806HA
| 1 | 3.1 | FISCAL YEAR 2021-2022 FOCUSED NOTICE OF FUNDING AVAILABILITY - FUNDING RECOMMENDATIONS | HA- Report | REPORT - FISCAL YEAR 2021-2022 FOCUSED NOTICE OF FUNDING AVAILABILITY - FUNDING RECOMMENDATIONS
BACKGROUND: In response to the Fiscal Year 2021-2022 Focused Notice of Funding Availability (“NOFA”) announcing approximately $8,900,000 of funds for affordable housing, the Housing Authority received seven applications requesting $23 million for 454 total units. Five applications were received for new construction projects, and two applications were received for rehabilitation and acquisition projects. The projects were evaluated and ranked based on project readiness, affordability, bedroom size, special needs set asides, leveraging, project competitiveness, developer and management experience, services and amenities, and other factors. The top two ranking projects are recommended to receive funding awards. The Bennett Valley Apartments project was ranked first and earned 82% of the total points possible; the Mahonia Glen project was ranked second, having earned 77% of total points possible.
RECOMMENDATION: It is recommended by the Housing Authority Ad-Hoc Review Committee and the | to waive reading of the text and adopt | Pass |
Action details
|
Video
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