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CMHP SELECTION CRITERIA <br /> • HOME RENTAL REHABILITATION PROGRAM <br /> Factors and Award/Evaluation Criteria <br /> -� Buildings in jeopardy of conversion to market rate 20 points <br /> or losing their subsidy <br /> Long-term affordability requirement of housing units 20 points <br /> Minimum of 10 years of affordability <br /> Rural Development, Tax Credit, &projects <br /> Owned by nonprofit organizations <br /> Community housing need 10 points <br /> Housing study identifying housing need <br /> Economic Growth <br /> 4 Number of units in development (more is better) 20 points <br /> 2-4 Units- 5 points <br /> 5-10 Units— 10 points <br /> 11-24 Units— 15 points <br /> 25 +Units- 20 points <br /> 414 Number of bedrooms per unit (2 or more) 10 points <br /> 1 point per two +bedroom units up to 10 points <br /> .4 Cash flow analysis 10 points <br /> Meet/surpass required match <br /> Vacancy Rates under 5% <br /> Cash Match Available <br /> Existing condition of property 10 points <br /> $3,000 - $8,999/unit - 5 points <br /> - $9,000 - $18,000/unit- 10 points <br /> Property built after 1978 10 points <br /> 4 5 Bonus Points: <br /> Projects in counties not previously awarded funding in the past two years. <br /> Properties on previous year waiting list. <br /> Automatic Denial: <br /> Owners/property managers that are currently out of HOME compliance, 4D <br /> • compliance or are delinquent with their real estate taxes will automatically be denied <br /> funding until they have brought the property back into compliance. <br />