Empowerment (5 points variable) An AHP Application will be awarded points for providing – housing in combination with a program that offers the foregoing services or activities that economically empower Project residents. Only programs or services that directly promote economic empowerment of Project residents qualify for points. Programs, activities, or services that promote Project residents’ quality of life or personal well being (but not their economic betterment) do not qualify for points in this section. A project will receive points based upon the following schedule: 1 activity 1.25 points – 2 3 activities 2.5 points – – 4 5 activities 3.75 points – – 6 activities 5 points ≥ – EXHIBIT L Redevelopment of Foreclosed or At-Risk Properties – Instructions: If the application indicates that Project units are being developed or preserved (through either rehabilitation or new construction) on qualified parcels (as defined below), furnish one of the following relevant third-party documentation: A copy of a title report or settlement statement that references transfer of ownership as a result of a foreclosure sale to the sponsor or development team member; or A letter from an attorney representing the seller that the property is being or will be sold pursuant to a foreclosure action; Related Scoring Criteria: Community Stability Redevelopment of Foreclosed or At-Risk Properties (6 points - – variable) A minimum of 1.5 points will be awarded to projects in which at least 25% of its proposed units or dwellings involve the development of new or the preservation of existing housing units, through either new construction or rehabilitation, on sites that were obtained
Empowerment (5 points – variable) An AHP Application will be awarded points for providing housing in combination with a program that offers the foregoing services or activities that economically empower Project residents. Only programs or services that directly promote economic empowerment of Project residents qualify for points. Programs, activities, or services that promote Project residents’ quality of life or personal well being (but not their economic betterment) do not qualify for points in this section. A project will receive points based upon the following schedule: 1 activity – 1.25 points 2 – 3 activities – 2.5 points 4 – 5 activities – 3.75 points ≥ 6 activities – 5 points EXHIBIT L – Redevelopment of Foreclosed or At-Risk Properties Instructions: If the application indicates that Project units are being developed or preserved (through either rehabilitation or new construction) on qualified parcels (as defined below), furnish one of the following relevant third-party documentation: A copy of a title report or settlement statement that references transfer of ownership as a result of a foreclosure sale to the sponsor or development team member; or A letter from an attorney representing the seller that the property is being or will be sold pursuant to a foreclosure action; Related Scoring Criteria: Community Stability – Redevelopment of Foreclosed or At-Risk Properties (6 points - variable) A minimum of 1.5 points will be awarded to projects in which at least 25% of its proposed units or dwellings involve the development of new or the preservation of existing housing units, through either new construction or rehabilitation, on sites that were obtained
ahpapp_103.docx