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CMHP SELECTION CRITERIA <br /> HOME RENTAL REHABILITATION PROGRAM <br /> • <br /> Factors and Award/Evaluation Criteria <br /> Buildings in jeopardy of conversion to market rate 20 points <br /> Long-term affordability requirement of housing units 20 points <br /> - Minimum of 10 years of affordability <br /> - Rural Development, Tax Credit,Non Profit <br /> Community Housing Need 10 points <br /> - Housing study identifying need <br /> - Economic Growth <br /> - Rehabilitation project being implemented <br /> Number of units in development (more is better) 20 points <br /> - 1-4 units 5 points <br /> - 5-10 units 10 points <br /> - 11-24 units 15 points <br /> - 25 +units 20 points <br /> Number of bedrooms per unit (2 or more) 10 points <br /> - 1 point per two +bedrooms units(max. 10 points) <br /> Cash Flow Analysis 10 points <br /> - Vacancy Rates under 5% <br /> - Cash match available <br /> Owner exceeds 25%Match as leverage 10 points <br /> - 1 point per percentage (max. 10 points) <br /> Existing condition of property 10 points <br /> - $3,000-$8,999/unit—5 points <br /> - $9,000-$14,000/unit— 10 points <br /> 5 Bonus Points <br /> Project in counties not previously awarded funding for the past two years <br /> Automatic Denial: <br /> Owners currently out of compliance with HOME, 4D or are delinquent with real estate taxes <br /> will be automatically denied. <br /> • <br />