|
|
 |
Eligible Projects
Projects must be owner-occupied or rental housing. Projects must be eligible as
outlined in the Project Eligibility Guidelines and in section 951.5 of the
Affordable Housing Program (AHP) Regulation. Projects must also be feasible as
outlined in the Project Feasibility Guidelines, which includes analyzing the
need for the AHP subsidy.
Please Note: For those criteria where setting aside percentage of units is required to
achieve points, the percentage set aside is calculated on the basis of total
units in the project, including non-AHP units.
|
Category |
Points |
|
Use of Donated or Conveyed Government-Owned or Other Properties
– The creation of housing where a significant proportion of the land or units
are donated or conveyed by: |
VARIABLE:
Up to 5 |
- Any party, including the Federal Government, or any agency or instrumentality
thereof, for an amount that is at least 50% less than the fair market value of
the land or units.
|
5 |
|
- OR - |
- The Federal government, or any agency or instrumentality thereof, for any other
value or price.
|
2 |
|
Long-term leases of 30 years or more qualify as donated property under the
conditions described above. |
|
|
Category |
Points |
|
Sponsorship by a Not-For-Profit Organization or Government Entity
– Project sponsorship by a nonprofit organization, a state or political subdivision of a state, a state housing agency, a local housing authority, a Native American Tribe, an Alaskan Native Village, or the government entity for Native Hawaiian Home Lands. |
FIXED: 5 |
|
Category |
Points |
|
Housing for the Homeless – The creation of rental housing, excluding overnight shelters, reserving at least 20% of the units for homeless households; the creation of transitional housing for homeless households permitting a minimum of six months occupancy; or the creation of permanent owner-occupied housing reserving at least 20% of the units for homeless households. The Seattle Bank’s AHP definition of “homeless household” is consistent with the McKinney Act’s definition and is provided in the AHP Implementation Plan. |
FIXED: 5 |
|
Category |
Points |
|
Promotion of Empowerment |
FIXED: 5 |
- Rental: The sponsor provides directly or through a third-party agreement activities that promote empowerment such as at least one of the following: career counseling, employment training, business development, accredited adult education programs, savings/investment education, first-time homebuyer education, homeownership education, early childhood education, parenting classes, basic life skills, case management, or self-help housing.
|
5 |
|
- OR - |
- Homeownership: The project entails self-help requirements and/or provides directly or through a third-party agreement homebuyer education.
|
5 |
|
Category |
Points |
|
First District Property |
VARIABLE:
Up to 19 |
- Homeownership: The financing of housing where at least 50% of the units are occupied by first-time homebuyers.
|
12 |
- Special needs: The financing of housing where at least 20% of the units are reserved for occupancy by households with special needs such as: the elderly, mentally or physically disabled, persons recovering from physical or substance abuse, persons with HIV/AIDS.
|
7 |
|
Category |
Points |
|
Second District Priority |
VARIABLE:
Up to 19 |
|
Preservation: Preservation of housing that is at risk of expiring Section 8, Low
Income Housing Tax Credits, and/or USDA 515 subsidies. If the sponsor is using
the AHP subsidy to refinance the property for preservation, then the refinancing
must comply with the requirements of section 951.5(b)(6) of the regulation. |
19 |
- OR -
|
District Distribution: |
19 |
- Projects located in Hawaii, Guam, American Samoa, or the Northern Mariana Islands
|
19 |
- Projects located in Oregon, Utah, Montana, or Wyoming
|
17 |
- Projects located in Idaho or Alaska
|
15 |
|
- Projects located in Washington
|
13 |
|
- OR - |
|
Native Housing: The creation of rental or owner-occupied housing on properties located in Native American Service Areas or Hawaiian Home Lands housing areas. A Native American Service Area is defined as an Indian reservation or other Indian area within which a Native American tribe or tribally designated housing entity (as designated for purposes of the Native American Housing Assistance and Self-Determination Act) operates affordable housing programs. A Hawaiian Home Lands housing area is an area of Hawaiian Home Lands in which the Department of Hawaiian Home Lands is authorized to provide assistance for affordable housing under the Native American Housing Assistance and Self-Determination Act. |
19 |
|
- OR - |
|
Farmworkers: At least 50% of the units are reserved for seasonal and/or migrant farmworkers. General agricultural labor does not qualify. |
19 |
|
|
Category |
Points |
|
Targeting – All AHP-subsidized units must be at 80% of the area median income or below. |
VARIABLE: 20 |
Rental: An application for a rental housing project shall be awarded the maximum number of points available under this scoring category if 60% or more of the units in the project are reserved for occupancy for households with incomes at or below 50% of the median income for the area. Applications for projects with less than 60% of the units reserved for occupancy by households with incomes at or below 50% of the median income for the area shall be awarded points on a declining scale based on the%age of units reserved for households at or below 50% of the median income for the area and on the%age of the remaining units reserved for households with incomes at or below 80% of the median income for the area. A weighted average will be used to make this determination.
Rental projects must reserve at least 20% of the units in the entire project (including units reserved for households above 80% of area median income) for households at 50% of the area median income or below. For projects involving the purchase or rehabilitation of rental housing that is already occupied, the households must have incomes meeting the income targeting commitments in the application at the time it is submitted to the Seattle Bank.
|
|
- If 60% or more of the units are at or below 50% AMI
|
20 |
|
Weighted Average Income: |
|
|
|
19 |
|
|
18 |
|
|
17 |
|
|
16 |
|
|
15 |
|
|
14 |
|
|
13 |
|
Homeownership: All units at or below 80% AMI may be eligible for AHP subsidy. |
|
- 20% or more of the units reserved for 60% AMI or below
|
20 |
- 10% or more of the units reserved for 60% AMI or below
|
18 |
- Less than 10% of the units reserved for 60% AMI or below
|
16 |
|
Category |
Points |
|
Effectiveness |
VARIABLE:
Up to 10 |
|
AHP Subsidy per Unit: |
|
|
|
10 |
|
|
8 |
|
|
6 |
|
|
4 |
|
|
2 |
|
Category |
Points |
|
Community Stability |
VARIABLE:
Up to 12 |
|
Housing that is supported by a unit of state, local or tribal government, as evidenced by inclusion in an affordable housing or community development plan approved by a unit of state, local or tribal government within the last five years. |
2 |
Mixed-income housing that integrates affordable owner-occupied or rental units on a single site or subdivision where at least 20% of the owner-occupied units are reserved for households with incomes above 80% of the area median income or where 20% of the rental units are reserved for households with incomes above 60% of the area median income.
- OR -
Mixed-use housing – The creation of housing in which at least 5% of the total square footage of the project is designated for a non-housing income producing tenant.
|
5 |
The promotion of smart growth strategies by providing infill housing as defined by a local jurisdiction – or – increasing previously restricted density levels as defined by a local jurisdiction. A letter from a local jurisdiction is required to verify that the project is either providing infill housing in a manner consistent with that jurisdiction’s definition – or – is allowing this project to increase previously restricted density.
- OR -
The reduction of substandard properties by the project’s demolition of and new
construction or rehabilitation of a substandard building on the same site. A
letter from a local jurisdiction is required to verify that substandard housing
as defined by that local jurisdiction is being replaced by this project.
|
5 |
|