LAC 16:II.107. Selection Criteria to Award HOME Funds to Local Governmental Units (Sub-Recipients)

A. Jurisdiction Proposes Comprehensive and Concentrated Neighborhood Revitalization Area―25 points B. Jurisdiction Proposes to Use Community Housing Development Organization ("CHDOs") to Own, Sponsor or Develop Units to be Rehabilitated―25 points C. Leverage Ratio for Each HOME Dollar Minimum Other Dollars $1 | 5 $2 | 10 $3 | 15 $4 | 20 $5 | 25 D. Jurisdiction Proposes to Rehabilitate Substandard Housing Units to Minimum Quality Standards with Total Funds Per Unit Not Exceeding: $ 2,500 | 25 $ 5,000 | 20 $ 7,500 | 15 $10,000 | 10 $15,000 | 7 $20,000 | 5 $25,000 | 2 E. Jurisdiction Rehabilitate to HQS Following Percentage of Substandard Units in Rehabilitation Area: 90-100 percent | 50 80-90 percent | 40 70-80 percent | 30 60-70 percent | 20 50-60 percent | 10 Less than 50 percent | 0 F. Jurisdiction Proposes to Rehabilitate Housing Units of Historic or Architectural Significance―25 points G. Jurisdiction Proposes to Rehabilitate Housing Units Serving Special Needs Groups―50 points H. Jurisdiction Proposes to Promote Cooperative Housing―25 points I. Jurisdiction Proposes to Commit HOME Funds by June 30, 1993―50 points J. Jurisdiction Proposes to Establish Lease-Purchase Turnkey Program―25 points