Application Forms Part 4 Competitive Scoring

Part 4: Competitive Scoring

A. Financial Feasibility B. Impact of Project C. Need in the Community D. Development Team Capacity

2013 NOFA Page 1 of 21 Part 4A: Financial Feasibility – 10 points

2013 NOFA Page 2 of 21 Insert Hard copy of the Project Excel Proforma here.

2013 NOFA Page 3 of 21 Financial Assumptions

1. Describe in detail how you arrived at your overall development budget.

2. Describe in detail line item rents and how you derived them.

3. Describe in detail line item expenses and how you derived them.

2013 NOFA Page 4 of 21 4. Explain your timeline for obtaining additional funding, if applicable, and discuss why it is important your project receive funding in this cycle. Discuss any sources not currently committed to the project and at what point in development they will be available.

5. Explain how the choice of site for new construction or the physical aspects of the project for acquisition/rehab, including location, impact project costs.

6. Explain how the site location, project design and unit amenities are beneficial and appropriate for the target population.

7. Describe the sponsor’s financial investment or contribution to the project, such as land donation, pre- development resources, etc.

2013 NOFA Page 5 of 21 8. Complete the Sources Table below to show all non-OHCS sources of funding for project development. Institution Status Non-OHCS Source of funds Anticipated Contact person (committed, amount and and phone Anticipated conditional, type number Terms tentative ie. loan committee i.e. 25,000 I.M. Generous ie. 3%, meeting i.e. lender, grantor, etc. grant 503.123.4567 30 years 9/1/02 Lender Donated land Waived system development charges CDBG from city/county Local general revenue funds Property tax exemption Corporate or private contributions Operating subsidies (Non-OHCS) Other? Other? Other? Other?

9. List the amount of Developer Fee (including consultant fee and project management fee) to be paid.

Cash Deferred Project Sponsor $ $ Project Developer (if different from sponsor) $ $ Project Consultant $ $ Project Management Fee to sponsor, developer or consultant $ $ Total development fees (including management fee above) for this project $ $ Term of deferred developer fee: Interest rate charged for the deferred developer fee: %

10. List below the amount of contractor overhead and profit to be paid (including contractor liability insurance but excluding builders’ risk insurance and/or performance bond). Total contractor’s overhead to be paid $ Total contractor’s profit to be paid $ Total contractor’s general conditions to be paid $ Total contractor overhead, profit and general conditions for this project $ Percent of construction total %

2013 NOFA Page 6 of 21 11. Existing Subsidies with Acquisition Projects (Show number of subsidized units) Section 221(d)(3) Below Market Interest Rate (BMIR) Project-based Section 8 Section 236 Other. Describe:

12. Number of years remaining in Rental Assistance Contract?

2013 NOFA Page 7 of 21 *ATTACH A SCHEDULE OF THE MAXIMUM RENTAL RATES ALLOWED BY THE RENTAL SUBSIDY SOURCE (I.E., HUD OR RD), IF APPLICABLE.

2013 NOFA Page 8 of 21 14. Preservation or Expiring Use

(Do not complete unless project is HUD or RD preservation or expiring use)

Date Yes Completed No Status of Negotiations (x) or Expected (x) Project is at risk of losing rental subsidy Project was developed with HUD funding and HUD has been notified of intent to purchase.* Project was developed with RD funding and RD has been notified of intent to purchase.* Project is at risk of turning to market rate Sales price has been negotiated with seller. Sales price has been submitted to HUD or RD for approval Scope of rehab has been submitted to HUD or RD for approval Acquisition date has been set Existing loan is being assumed and the terms are being modified. Rents will increase under the new financing

15. * Identify the person and the office location of who was notified of intent to purchase.

2013 NOFA Page 9 of 21 16. Existing Tenant Survey

For HOME and LIHTC Applications, complete the entire form.

*For all other applicants, complete the following columns: unit #, # of bedrooms, existing and proposed rents.

Owner's Project Address: Name: Name: Management Address: Company Name: Contact name and Number of phone number: Units:

Family Unit Mix Household Information Rental Charges* Mix No. of Adults- Ages Annual No. of House- 30% of *Unit *# of Children Date of First Section hold Monthly Existing Proposed # Bdrms -Ages Name Sex Occupancy 8 Income Income Rent Rent A C A C A C A C A C C *Excluding tenant paid utilities. If existing business(es) are located in the project, list the business name and address, owner/contact person, and phone number of each.

Are there any accessible List the unit number(s) of the units? (yes/no) accessible unit(s)

2013 NOFA Page 10 of 21 Family Unit Mix Household Information Rental Charges Mix No of Adults- Ages

No. of Date of Annual 30% of *Unit *# of Children- First Section Househol Monthly Existing Proposed # Bdrms Ages Name Sex Occupancy 8 d Income Income Rent Rent A C A C A C A C A C A C A C A C A C A C A C

2013 NOFA Page 11 of 21 17. Tenant Relocation

Information below is to be completed for all projects with possible temporary or permanent relocation, regardless of funding sources.

Type of displacement and possible number of households affected: Temporary Permanent (# Households) (# Households)

What process will be used to relocate residents?

How will displacement and specialized housing for tenants with disabilities and/or households with limited financial means be addressed?

What funding source will be used to accomplish the relocation?

What amount of funding will be set aside for relocation assistance? $

What guidelines will be used for calculating relocation assistance?

2013 NOFA Page 12 of 21 Tenant Relocation – Continued:

What is the availability of comparable replacement units?

Describe the local jurisdiction's established displacement/relocation policy (if applicable):

How can work be phased to avoid moving tenants?

How will the newly rehabbed units be affordable to original and new tenants?

2013 NOFA Page 13 of 21 Part 4B: Impact of Project– 70 Points

Competitive Scoring Questionnaire

Answer each question using both data tables as applicable and narrative components. All four(4) questions should be addressed within eight (8) pages total, using one (1) inch margins, single spaced and a minimum of a 12 point font.

Only those criteria most relevant to the proposed project should be addressed within each question. Additional descriptions and examples can be found in the Competitive Scoring Questionnaire Guidance document.

Data resources and references can be found on the OHCS website here: http://www.oregon.gov/ohcs/Pages/MFH_Multifamily_Funding_Data_Resources.aspx

B: IMPACT OF THE PROJECT - 70 points 1- What is the project type and the population served? (0-25 points)

As applicable to the project, include information about: - the incomes served, - target population served, - preservation activities, - integration with community housing needs.

2- What are the location and building features of the proposed project? (0-15 points)

As applicable to the project, include information about: - the accessibility of the location, - its location within a HUD Qualified Census Tract, - in an area that serves to de-concentrate poverty, - any complementary or responsive building design features.

3- What is the community impact of the proposed project? (0-30 points)

As applicable to the project, include information about its: - response to a community need, - response to state or local policy direction, - collaboration to create the project, - leveraged resources, - innovation.

2013 NOFA Page 14 of 21 Part 4C: Need in Community – 10 points

C: NEED IN THE COMMUNITY – 10 points

1. What is the severity of need for this project in the community? (0-10 points)

As applicable to the project, include relevant data and description about the: - the population needs compared to the needs of other populations in the community, - identify the community needs addressed by the project, - equity of affordable housing distribution in the community, - the demand for affordable housing for the specified population in the community.

2013 NOFA Page 15 of 21 Part 4D: Development Team Capacity – 10 Points

2013 NOFA Page 16 of 21 Developer Capacity

1. Describe your experience and capacity to own, develop or sponsor this project:

2. List all projects (a maximum of five (5)) you have completed (project is in operation, all OHCS conditions have been met, OHCS notified you the development file is closed) in the last five (5) years using the OHCS funding source(s) you are requesting for this project: None

Target OHCS Project Name City Population Sources(s)

2013 NOFA Page 17 of 21 3. List all housing projects currently under development, including all projects not funded by OHCS. Note: If your project has not completed all reservation requirements, final application has not been approved by OHCS or you have not been notified by the OHCS the project file is closed, the project is considered still under development. None

Non- Major Target LIHTC LIHTC Funding Estimated Project Name City Population (x) (x) Sources Completion Date

4. For the proposed project, list below the names of agency staff members or the third party firm assigned to each task.

Years of Experience Staff Person Name or Developing or Managing Position Name Contracted Firm Name Multi-family Housing Executive Director/owner CFC(NOFA)/grant application writer Project Developer Development Consultant Construction Manager Asset Manager Compliance Manager Envelope Consultant Other Other

2013 NOFA Page 18 of 21 5. Explain the roles of each of the above positions in the development and management of the proposed project: Limit your response to two (2) pages maximum.

6. If you have more than one (1) project in development, explain how multiple projects will be managed within the organization:

7. If staff are expected to perform other agency duties in addition to the project’s development, explain how the coordination of those duties will be carried out:

8. How long will the consultant (if applicable) be staying involved in the development process? (x) (x) Through application submission Through Certificates of Occupancy Through reservation award Through lease-up Through funding (conditions met) Through stabilization or beyond Through construction Not applicable

2013 NOFA Page 19 of 21 9. What is the expertise of your board or for-profit officers and principal members as it relates to real estate development and operation?

2013 NOFA Page 20 of 21 ATTACH COPY OF REAL ESTATE HOLDINGS HERE

**ATTACH A SCHEDULE OF REAL ESTATE HOLDINGS

The Department is now requiring all partners submit a Schedule of Real Estate Holdings on projects with ten (10) or more units or the project cost is more than $500,000. The REO schedule can be provided in a format currently in use by the sponsor or see the attached link for a format provided by OHCS.

2013 NOFA Page 21 of 21