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ATTY/RESO.0020/CC RESO APPROVING AMENDMENTS TO HPP GUIDELINES – EXHIBIT A REV: 05-04-26 LF Page 10 of 21 Evaluation Criteria for Scored Projects The purpose of scoring is to prioritize how to fund multiple projects that apply at the same time and meet threshold requirements. If there is only one application, it may not be scored. EVALUATION CRITERIA POSSIBLE POINTS Readiness to Proceed 30 Timing of Acquisition Closing/Rehabilitation Finance Closing: Full points if within 3 months of the City’s commitment, ½ points for within 6 months, 0 points if over 6 months. 30 Services 10 Supportive Services: Types of services provided should be appropriate for the population being served. If targeting a special population, full points for 1.0 FTE of onsite supportive services staff, ½ points for less than 1.0 FTE of onsite supportive services staff. (If serving the general population and no services required, full points.) 10 Affordability 10 Extremely Low-Income (ELI): 5 points for each 5% of project units provided at 30% or less of AMI, up to the maximum of 10 points. 10 Budget Completeness and Accuracy 25 Hard costs: Full points if costs are justified by the Physical Needs Assessment. 5 Hard cost contingency: If project requires rehabilitation, budget must show a 20% hard cost contingency. (If project does not require rehabilitation, full points.) 2 Relocation: If project requires relocation, budget must include appropriate relocation costs. (If no relocation required, full points.) 3 Replacement reserves: Replacement reserves must meet City’s standard. 3 Operating reserves: Operating reserves must meet City’s standard. 2 Cash flow: Cash flow must be positive over 20-year period. 5 Rental/Operating subsidy: If rental/operating subsidy is needed, must demonstrate the rental/operating subsidy is committed. (If no subsidy is required, full points.) 5 Preservation Specific 25