SHIP - Affordable Housing Advisory Committee

City of Gainesville SHIP - Affordable Housing Advisory Committee Meeting AGENDA Date: Tuesday, March 11, 2025, 6:00 p.m. Location: Historic Thomas Center, Long Gallery 302 NE 6th Ave Gainesville, FL 32601 Mary Lou Hildreth, Jamie Bell, Clark Wood, Casey Willits, Aymee Cepeda, Members: Charmaine Henry, Michael Pellett, Megan Atwater, Helen Warren Commissioner Alternate: James Ingle If you have a disability and need an accommodation in order to participate in this meeting, please contact the Office of Equity and Inclusion at (352) 334-5051 at least two business days in advance. TTY (Text Telephone Telecommunication Device) users please call 711 (Florida Relay Service). For Speech to Speech (STS) relay, please call 1-877-955-5334. For STS Spanish relay, please call 1- 877-955-8773. For STS French Creole relay, please call 1-877-955-8707.  Pages A. CALL TO ORDER Agenda Statement: The City of Gainesville encourages civil public speech. Disruptive behavior is not permitted during City Commission and Advisory Board meetings. Please do not bring food, drinks, props, signs, posters, or similar materials into the meeting room. B. ADOPTION OF THE AGENDA C. APPROVAL OF THE MINUTES 1. Approve Minutes of the March 12, and April 9, 2024 Affordable Housing 3 Advisory Committee Meetings (B) Recommendation: The Affordable Housing Advisory Committee approve the minutes from the March 12, and April 9, 2024 meetings. D. BUSINESS DISCUSSION ITEMS 1. Project Evaluation for Affordable Housing Grant (B) 7 Department: Housing & Community Development Description: The Affordable Housing Advisory Committee (AHAC) is to discuss and evaluate requests for funding for affordable housing projects. Based on those evaluations, the Committee can either make funding recommendations to the City Commission, or reduce the number of applications to those that it feels warrant further consideration. Those applicants can be scheduled to present their projects at the next AHAC meeting. Fiscal Note: The City Commission has allocated $1,600,000 for this grant, $1,000,000 from the General Fund, and $600,000 from the State Housing Initiatives Partnership (SHIP) Program. Recommendation: The Affordable Housing Advisory Committee: 1) hear a presentation from staff; 2) review and discuss the applications for funding for affordable housing projects; 3) complete the evaluation form for each project; and 4) based on the evaluations, either recommend that the City Commission approve certain funding amounts for the projects, or reduce the number of applications to those that it feels warrant further consideration at the next AHAC meeting. E. PUBLIC COMMENT F. MEMBER COMMENT G. NEXT MEETING DATE - April 8, 2025 H. ADJOURNMENT Page 2 of 34  City of Gainesville SHIP - Affordable Housing Advisory Committee Meeting MINUTES March 12, 2024, 6:00 p.m. Historic Thomas Center, Building A 302 NE 6th Ave Gainesville, FL 32601 Members Present: Megan Atwater, Jamie Bell, Mary Lou Hildreth, Michael Pellett, Fred Schilffarth, Octavia Washington Members Absent: Aymee Cepeda, Charmaine Henry, Commissioner Reina Saco Alternate Present: Commissioner Casey Willits _____________________________________________________________________ A. CALL TO ORDER The Chair called the meeting to order at 6:07 p.m. B. ADOPTION OF THE AGENDA Seconded by Casey Willits Moved by Mary Lou Hildreth Motion: The SHIP - Affordable Housing Advisory Committee adopt the agenda. Approved C. APPROVAL OF THE MINUTES There were no Minutes to approve at this meeting. D. BUSINESS DISCUSSION ITEMS 1 Page 3 of 34  1. 2024-135 Calendar Year 2023 Report to the City Commission (B) The Committee reviewed and discussed the notes of the discussion from the February 13, 2024 meeting and the Draft PowerPoint Presentation. The Committee agreed that format was good for the report. They made some minor revisions to the text. The AHAC: 1) approve the report as revised; 2) ask staff to put the minor changes into the presentation; and 3) ask staff to bring the revised versions to the next AHAC meeting for final approval. Moved by Mary Lou Hildreth Seconded by Fred Schilffarth Recommendation: The AHAC: 1) finalize and approve the 2023 AHAC Report to the City Commission; 2) finalize and approve a PowerPoint Presentation related to the 2023 AHAC Report to the City Commission; and 3) appoint a member to present the report at a City Commission meeting. Approved E. PUBLIC COMMENT Kali Blount and Mary Anderson spoke. F. MEMBER COMMENT Additional discussion from each member present. G. NEXT MEETING DATE April 9, 2024 H. ADJOURNMENT 7:26 p.m. 2 Page 4 of 34  City of Gainesville SHIP - Affordable Housing Advisory Committee Meeting MINUTES April 9, 2024, 6:00 p.m. Historic Thomas Center, Building A 302 NE 6th Ave Gainesville, FL 32601 Members Present: Megan Atwater, Jamie Bell, Charmaine Henry, Mary Lou Hildreth, Michael Pellett, Commissioner Reina Saco Members Absent: Aymee Cepeda, Fred Schilffarth, Octavia Washington _____________________________________________________________________ A. CALL TO ORDER - 6:06 p.m. B. ADOPTION OF THE AGENDA Moved by Mary Lou Hildreth Seconded by Commissioner Saco Motion: The SHIP - Affordable Housing Advisory Committee adopt the agenda. Approved C. APPROVAL OF THE MINUTES 1. Approve Minutes of the July 11, August 1, August 16, and September 12, 2023 Meetings Moved by Commissioner Saco Seconded by Mary Lou Hildreth 1 Page 5 of 34  Recommendation: The SHIP-Affordable Housing Advisory Committee approve the Minutes of the July 11, August 1, August 16, and September 12, 2023 Meetings. Approved as Recommended D. BUSINESS DISCUSSION ITEMS 1. 2024-135 Calendar Year 2023 Report to the City Commission (B) The AHAC: 1) approves the Report as presented; 2) approves the presentation with the word "Handouts" changed to "Produce Educational Materials" on Slide 5; and 3) authorize Jamie Bell to present the report to the City Commission. Moved by Mary Lou Hildreth Seconded by Commissioner Saco Recommendation: The AHAC: 1) finalize and approve the 2023 AHAC Report to the City Commission; 2) finalize and approve a PowerPoint Presentation related to the 2023 AHAC Report to the City Commission; and 3) appoint a member to present the report at a City Commission meeting. Approved E. PUBLIC COMMENT None. F. MEMBER COMMENT The Committee asked Department of Housing and Community Development to provide an update on the status of the ConnectFree Program; and the Department of Sustainable Development to attend a future meeting to provide an update on the following initiatives: New and/or proposed land development regulations designed to encourage starter homes, Inclusionary Zoning Regulations, the Comprehensive Plan Update, and the status of Accessory Dwelling Units in the City. G. NEXT MEETING DATE - May 14, 2024 H. ADJOURNMENT - 7:05 p.m. 2 Page 6 of 34  City of Gainesville Agenda Item Report File Number: 2025-183 Agenda Date: March 11, 2025 Department: Department of Housing & Community Development Title: 2025-183 Project Evaluation for Affordable Housing Grant (B) Department: Housing & Community Development Description: The Affordable Housing Advisory Committee (AHAC) is to discuss and evaluate requests for funding for affordable housing projects. Based on those evaluations, the Committee can either make funding recommendations to the City Commission, or reduce the number of applications to those that it feels warrant further consideration. Those applicants can be scheduled to present their projects at the next AHAC meeting. Fiscal Note: The City Commission has allocated $1,600,000 for this grant, $1,000,000 from the General Fund, and $600,000 from the State Housing Initiatives Partnership (SHIP) Program. Explanation: On January 6, 2025, the City issued a Notice of Funding Availability (NOFA) for affordable housing projects. The Gainesville Sun published NOFA and the City sent the NOFA, via email, directly to more than 100 affordable housing developers. As described in the NOFA, the City allocated $1,600,000 for affordable housing developers (for-profit and/or nonprofit) to subsidize the development and rehabilitation of affordable rental housing (single-family and/or multi-family); or the development of new affordable single-family and/or multi-family housing for first-time home buyers. The maximum subsidy for the development of new, or the rehabilitation of existing, rental housing is $25,000 per affordable unit. The maximum subsidy for the development of new single-family housing for first-time home buyers is $50,000 per affordable unit. The application and the evaluation criteria were posted on the City’s Housing & Community Development Department website. The application deadline was February 10, 2025. The City received 21 applications requesting over $8 million dollars in assistance. Staff evaluated the applications and found 5 to be incomplete and two were ineligible. As a result, there are 14 qualified applications requesting $7,652,151. At the March 11, 2025 meeting, the AHAC is tasked with reviewing and evaluating the applications. After review, AHAC is to prepare a recommendation for the City Page 7 of 34 Commission to consider when they make the final decision of which projects to fund. AHAC’s funding recommendation is to be guided by the scoring of the Evaluation Criteria provided in the backup and the relative merit of each proposed project. A Blank Scoring Form is also included in the backup. In addition to the AHAC, a staff committee has reviewed and evaluated the applications. Both the AHAC and staff recommendations will be presented to the City Commission. To facilitate the AHAC review, staff has prepared a one-page matrix with a summary of the projects. More detailed information about each project is available from the document titled “Additional Project Information.” This document contains links to nearly all of the submitted application materials. To reduce information overload, a few items have been excluded. Documents such as electrical wiring plans and property appraiser print-outs were reviewed by staff and considered not relevant to the evaluation criteria. Although there are some differences in the format of parts of some of the applications, substantively, they all contain the same information. Applicants were asked to provide a PowerPoint presentation that can be useful in the initial review. Staff had considered scheduling presentations of all 14 projects, but instead proposes that the AHAC first evaluate and score the applications. The initial scoring may be sufficient for an AHAC funding recommendation. Alternatively, it may allow the AHAC to reduce the number of applications to those that it feels warrant further consideration, and possibly the opportunity to present their project, at the next AHAC meeting. In summary, the AHAC members should review the projects and begin the scoring process. When all members complete the scoring process, staff will compile all of the scores at the meeting. With that information then available, the AHAC can discuss a funding recommendation. As mentioned earlier, AHAC could choose to schedule applicant presentations and continue the recommendation discussion until the next AHAC meeting. Strategic Connection: ☐ Goal 1: Equitable Community ☐ Goal 2: More Sustainable Community ☒ Goal 3: A Great Place to Live and Experience ☐ Goal 4: Resilient Local Economy ☐ Goal 5: “Best in Class” Neighbor Services Recommendation: The Affordable Housing Advisory Committee: 1) hear a presentation from staff; 2) review and discuss the applications for funding for affordable housing projects; 3) complete the evaluation form for each project; and 4) based on the evaluations, either recommend that the City Commission approve certain funding amounts for the projects, or reduce the number of applications to those that it feels warrant further consideration at the next AHAC meeting. Page 8 of 34  2025-183A Housing Grant Evaluation AFFORDABLE HOUSING ADVISORY COMMITTEE City of Gainesville Department of Housing and Community Development March 11, 2025 Page 9 of 34 Notice of Funding Availability (NOFA)  January 6th, 2025, the City issued a NOFA.  The online application included the evaluation criteria, required a PowerPoint presentation, due on February 10th, 2025  Total of $1,600,000 of SHIP and General Fund to subsidize affordable housing  Three categories:  Home ownership – new construction  Rental – new construction  Rental – rehabilitation of existing units Page 10 of 34 Evaluation process  Staff received 21 applications  Staff preliminary review, 5 were incomplete and 2 were not eligible  Evaluation criteria favors ownership, and new construction  Ownership 100 points, new rental 95 points, existing rental rehab 90 points  Staff review committee reviewed 14 applications ($7,652,151)  Scored the projects and discussed results  Prepared a recommendation for funding  AHAC and staff recommendations to be presented to the City Commission Page 11 of 34 Evaluation Criteria  Affordability 12 points  Income mix 4 points  Affordability period 10 points  On-site amenities 4 points  Funding per unit 4 points  Marketing/outreach 7 points  Timeframe 15 points  Rental management 5 points  (Rehabilitation 10 points)  Developer experience 4 points  Location 15 points  Affordable experience 8 points  Home ownership 10 points  Overall feasibility 7 points Page 12 of 34 Overview of the projects  Applications varied in level of details  Given the limitations of the agenda system, staff posted the core of the applications.  Links to this agenda with the detailed applications were sent to AHAC and the applicants  Key facts about each of the applications Page 13 of 34 Hawthorne Heights  National Community  Total project cost $25,592,143 Renaissance  $11,628 per unit  Rental – new construction  Affordability Period 50 years  86 units  Elderly demographic  2412 SE Hawthorne Road  3 units @ 22% AMI, 9 units @  Requesting $1,000,000 40% AMI, 74 units @ 60% AMI Page 14 of 34 East University Cottages  Robert Mitchell – Developer  Total project cost $2,600,000  Rental – new construction  $25,000 per unit  18 units  Affordability period 15 years  3 NE 20th Drive  All units at 80% AMI  Requesting $450,000 Page 15 of 34 Eden Park at Ironwood  Ironwood Associates  Total project cost $1,972,000  Rental rehabilitation  $15,385 per unit  104 units  Affordability period 30 years  1330 NE 39th Avenue  42 units @ 40% AMI, 20 units @ 60% AMI, 42 units @ 80% AMI  Requesting $1,600,000 Page 16 of 34 Single house at 927 SE 10th St  GHDMC (Gainesville Housing  Total project cost $ 33,045 Development and  $25,000 per unit Management Corporation)  Affordability period 15 years  Rental Rehabilitation  PPT 80% AMI, JOT 120% AMI  Single family house  Inconsistent statements  927 SE 10th Street  Requesting $25,000 Page 17 of 34 Single house at 2128 NE 3rd Place  GHDMC (Gainesville Housing  Total project cost $ 25,795 Development and  $25,000 per unit Management Corporation)  Affordability period 15 years  Rental Rehabilitation  PPT 80% AMI, JOT 120% AMI  Single family house  Inconsistent statements  2128 NE 3rd Place  Requesting $25,000 Page 18 of 34 Majestic Oaks  Standard Communities  Total project cost $ 602,151  Rental Rehabilitation  $3,501 per unit  172 units  Affordability period 15 years  5800 SW 20th Ave.  26 special needs units  Requesting $602,151  52 units @ 30% AMI, 17 units @ 60%, 103 units @ 50% AMI Page 19 of 34 Oak Park  GHA & Newstar Development  Total project costs $36,042,636 LLC  $15,842 per unit  Rental new construction  Affordability period 50 years  101 units  6 disabled/special needs units  100 NE 8th Avenue  11 units @ 40% AMI, and 90  Requesting $1,600,000 units @ 60% AMI Page 20 of 34 Oakview Apartments, Phase 2  JE Properties LLC  Total project cost $43,358,719  82 units rental new  $9877 per unit construction, and  Affordability period 30 years  80 units rental rehabilitation  70 of 82 new units for Seniors  1515 NW 10th Street and  13 units @ 33% AMI, 106 units @  1500 NW 12th Street 50% AMI, 43 units @ 80% AMI  Requesting $1,600,000 Page 21 of 34 Two single family houses  Ted and Faylene Welcome  Total project cost $205,000  Rental rehabilitation  $25,000 per unit  2 units  Affordability period 15 years  906 NE 24th Street  Will rent at less than 100% AMI  1556 NE 6th Ave.  Requesting $50,000 Page 22 of 34 Duplex at 816 NW 3rd Ave.  Bright Community Trust Inc.  Total project cost $490,000  Home ownership - new  $25,000 per unit construction  Affordability period 99 years  2 units  ADA accessible  816 NW 3rd Ave.  2 units @ 80% AMI  Requesting $50,000 Page 23 of 34 Split Lot at 2455 SE 10th Avenue  Bright Community Trust Inc.  Total project cost $471,370  Home ownership - new  $25,000 per unit construction  Affordability period 99 years  2 units  ADA accessible  2455 SE 10th Avenue  2 units @ 80% AMI  Requesting $50,000 Page 24 of 34 Vision LLC  Albert Sorrell  Total project cost $230,000  Home ownership – new  $50,000 per unit construction  Affordability period 10 years  1 unit  1 unit at 80% AMI  2381 NE 14 Street  Requesting $50,000 Page 25 of 34 Cottage Creek  SE 9th Street Land Trust  Total project cost $890,250  Home ownership – new  $50,000 per unit construction  Affordability period 10 years  6 units  Specific % of AMI not stated  SE 9th Street, South of SE 2nd  Prices 1 one bed at $199,000, Ave. 2 two bed at $239,000 and  Requesting $300,000 3 three bed at $279,000. Page 26 of 34 Habitat - Home Ownership Program  Alachua Habitat for Humanity  Total project costs $810,000  Home ownership – new  $50,000 per unit construction  Affordability period 10 years  5 units  Home 1: 77.72% AMI, Home 2:  Various lots in Duval 66.62% AMI, Home 3: 45.96% neighborhood AMI, Home 4: 57.67% AMI, Home 5 TBD  Requesting $250,000 Page 27 of 34 Evaluation Scoring  Each AHAC member is asked to fill out an evaluation score sheet  Staff will collect the sheets and calculate the overall scores  Staff will present the scores for AHAC consideration  Recommendation is expected to include:  Projects that will receive funding  Funding amount for each project  Total of $1,600,000. Page 28 of 34  2025-183B NOTICE OF FUNDING AVAILABILITY for Affordable Housing Projects The City of Gainesville (City) has allocated $1,600,000 for affordable housing developers (for-profit and/or nonprofit) to subsidize the development and rehabilitation of affordable rental housing (single-family and/or multi-family); or the development of new affordable single-family and/or multi-family housing for first-time home buyers. The maximum subsidy for the development of new, or the rehabilitation of existing, rental housing is $25,000 per affordable unit. The maximum subsidy for the development of new single-family housing for first-time home buyers is $50,000 per affordable unit. The sources of these funds are $1,000,000 from the City’s General Fund, and $600,000 from the City’s State Housing Initiatives Partnership (SHIP) Program allocation. The $600,000 covers SHIP Program Years 2023-2024, 2024-2025 and 2025-2026, of which, timing and funding allocations are subject to funding availability per year. Funding from the SHIP Program must be expended by certain dates contained in the City’s Local Housing Assistance Plan (LHAP). The requirements for recipients of this funding to subsidize the development and rehabilitation of affordable housing include, but are not limited to, the following: • The project must be consistent with the City’s current LHAP. • The affordability period for subsidized home ownership units must be at least 10 years. During this period, the subsidized home ownership units must be owner-occupied by households that qualify as Very Low, Low, or Moderate Income, as defined by the US Department of Housing and Urban Development (HUD). • During the affordability period, the sales price for subsidized units must be affordable for Very Low, Low, or Moderate income first-time homebuyers, as defined by HUD. • The affordability period for subsidized rental units must be at least 15 years. During this period, the subsidized rental units must be occupied by households that qualify as Very Low, or Low Income, as defined by the HUD. • During the affordability period, the rent for subsidized units must be affordable, as defined by HUD, to households whose income is Very Low or Low as defined by HUD. • During the affordability period, developers will be required to meet the compliance reporting requirements necessary to meet statutory requirements for monitoring of SHIP rental units. Applicants for this funding may be required to present the project, either virtually or in-person. Funding awards are subject to approval by the City Commission and are based on funding availability. Additional details (including evaluation and scoring criteria), and application forms are available on the City’s website at https://www.gainesvillefl.gov/Government-Pages/Government/Departments/Housing-Community-Development/. If you have any questions, please contact John Wachtel at (352) 393-8565, or by email at wachteljs@gainesvillefl.gov. The City will accept applications for this funding beginning Monday, January 6, 2025. Applications must be submitted by 9:00 a.m. (local time), on Monday, February 10, 2025. Late applications will not be accepted. Applications will be accepted only by email in the form of a full color PDF to wachteljs@gainesvillefl.gov. The City WILL NOT accept applications submitted by mail or FAX. All signatures within an application packet must be in blue ink; and all attachments must be titled and labeled. The City reserves the right to reject any and all applications. The City of Gainesville is an Affirmative Action/Equal Opportunity/Drug Free Workplace Employer. The City of Gainesville is committed to a policy of nondiscrimination in all City programs, services and activities, and will provide reasonable accommodations upon request. To request accommodations for non-English speaking persons, individuals with disabilities, and individuals with hearing impairments, please contact the City of Gainesville Office of Equity and Inclusion at (352) 334- 5051 (voice) or (352) 334-2069 TDD; TTY users please call 711. FAIR HOUSING/EQUAL OPPORTUNITY/DISABILITY ACCESS JURISDICTIONS Page 29 of 34 Page 30 of 34  2025-183C SUMMARY OF PROJECTS # of Requested Rent or # of New Rehab Funds Funding per Affordability Proj Name Proj Dev Own Units Units Requested Total Proj Cost Proj Location Unit Period What if not funded, or funded at a level below the request? National Community Renaissance is still committed to moving the project forward and National delivering much-needed housing for seniors in Gainesville. However, securing the requested Hawthorne Community 2412 SE funding would significantly enhance our ability to ensure the highest quality housing and Heights Renaissance Rent 86 0 $ 1,000,000 $ 25,592,143 Hawthorne Rd. $ 11,627.91 50 years services for our residents. East University Cottages Robert Mitchell Rent 18 0 $ 450,000 $ 2,600,000 3 NE 20 Dr. $ 25,000.00 15 years can't rent according to affordable guidelines. Eden Park at Ironwood The developer will go to the market to secure additional debt and solicit additional funds from Ironwood Associates Rent 0 104 $ 1,600,000 $ 1,972,000 1330 NE 39 Av $ 15,384.62 30 years the County's Affordable housing program. 927 SE 10 St GHDMC Rent 0 1 $ 25,000 $ 33,045 927 SE 10 St $ 25,000.00 15 years GHDMC and GHA will complete the project in phases. 2128 NE 3 PL GHDMC Rent 0 1 $ 25,000 $ 25,795 2128 NE 3 PL $ 25,000.00 15 years GHDMC and GHA will complete the project in phases. Due to the $1.2 million in renovations we have spent on the property, consisting of the replacement of all balconies site-wide, a comprehensive camera system upgrade, vehicular gate repairs/upgrades, a significant exterior site lighting enhancement, an addition of Flock License Plate Reader, and as-needed HVAC maintenance/repairs, we have been unable to renovate the building facades and sport court. If the project receives a lower level or no funds from the City we would endeavor to provide the proposed updates to the property, just on a smaller scale than contemplated in this proposal. For instance, we may be unable to repaint Standard the façade in the interest of providing the updates to the siding, or we may only be able to Majestic Oaks Communities Rent 0 172 $ 602,151 $ 602,151 5800 SW 20 Av $ 3,500.88 15 years provide a grill without adding the lighting. Without City grant funds, Oak Park has an approximately $4,800,000 funding gap. However, if Oak Park receives the full $1,600,000 in requested funds, a smaller funding gap of $3,200,000 is still required for the development. GHA intends to apply for this gap funding from Alachua County Affordable Home Development Program, Florida Housing Finance Corporation, as well as emergency capital funding from HUD. If a lower level of funds from the City of Gainesville Oak Park GHA & Newstar Rent 0 101 $ 1,600,000 $ 36,042,636 100 NE 8 Av $ 15,841.58 50 years is received, GHA believes it can fill the gap with other funds noted above. 1515 NW 10 St & The project would need to find alternative funding. We are requesting the funds to be Oakview Ph. 2 JE Properties LLC Rent 82 80 $ 1,600,000 $ 43,358,719 1500 NW 12 St $ 9,876.54 30 years structured as a loan. However, if a loan is not possible, we will accept a grant. If these projects are not funded by the City, it could lead to a complete halt or significant 906 NE 24 St & 906 NE 24 St & delays in progress, potentially jeopardizing the ability to maintain the units as affordable 1556 NE 6 Av Welcome Rent 0 2 $ 50,000 $ 205,000 1556 NE 6 Av $ 25,000.00 15 years housing. Bright 816 NW 3 Av Community Trust Own 2 0 $ 50,000 $ 490,000 816 NW 3 Av $ 25,000.00 99 years The project will move forward, but may create a deficit for Bright as a non-profit developer. Bright 2455 SE 10th Community Trust Ave Split Inc Own 2 0 $ 50,000 $471,370 2455 SE 10 Av $ 25,000.00 99 years The project will move forward, but may create a deficit for Bright as a non-profit developer. Vision Albert Sorrell Own 1 0 $ 50,000 $ 230,000 2381 NE 14 St $ 50,000.00 10 years The project will continue. SE 9th Street SE 9 St; South of SE Cottage Creek Land Trust Own 6 0 $ 300,000 $ 890,250 2 Av $ 50,000.00 10 years We will build more expensive homes. Duval If the City does not fund this project, Habitat will need to write $50,000 deferred mortgages Habitat Habitat Own 5 0 $ 250,000 $ 810,000 Neighborhood $ 50,000.00 10 years for each of these homeowners to keep it affordable TOTAL $ 7,652,151 Page 31 of 34  CITY OF GAINESVILLE 2025-183D CITY FUNDING FOR AFFORDABLE HOUSING—EVALUATION CRITERIA Applies to all projects (SF, MF, Owner Occupied, Rental, and Rental Rehabilitation). Max Max Max Criteria Points- Points- Points- Ownership Rental Rehab Affordability of Affordable Units. More points for lower rents/sales 12 12 12 price. Affordability Period of Affordable Units. More points for a longer 10 10 10 affordability period. Funding per Unit of Affordable Units. More points for lower funding 4 4 4 per affordable unit. Development Timeframes. More points for faster completion given readiness to proceed (e.g., site control, appropriate zoning, etc.) and 15 15 10 capacity of applicant. Location of the project. More points for projects in locations that: further the City’s goal of providing affordable housing in all areas of the City; are compatible with surrounding areas; and are near off-site 15 15 15 amenities that meet the needs of the project’s residents (e.g., employment, retail, recreation, healthcare, banks, transportation, education, and entertainment). Owner Occupancy of Affordable Units. More points for structuring a greater number of affordable units to be owner occupied. Not 10 0 0 applicable to rental projects. Resident income mix. More points for a greater mix of incomes. 4 4 4 On-site amenities. More points for amenities that meet the needs of the project’s residents (e.g., playground, recreational facilities, 4 4 4 clubhouse, laundry facilities, storage facilities). Marketing and outreach to potential residents of Affordable Units. More points for using local sources such as nonprofits and faith- 7 7 7 based institutions to find tenants and/or homebuyers for the affordable units. Property management plan. More points for property management experience, including maintenance and maintenance plan. Not 0 5 5 applicable to home ownership projects. Developer experience building residential projects in Gainesville. More points for more overall experience, including staff and 4 4 4 subcontractors. Developer experience building Affordable residential projects in Gainesville. More points for more overall experience, including staff 8 8 8 and subcontractors. Overall feasibility of the project. More points for greater feasibility. 7 7 7 TOTAL 100 95 90 Updated 12/11/2024 Page 32 of 34  2025-183E Page 33 of 34  2025-183F LINK TO ADDITIONAL PROJECT INFORMATION Use the following link to access additional information about each project. Specifically, clicking on this link will bring you to a page where you can access the Online Project Summary, the Presentation, and the Application that each Applicant submitted. Affordable Housing Development Subsidies Welcome to the City of Gainesville Page 34 of 34