Louisiana Administrative Code
Title 16 - COMMUNITY AFFAIRS
Part II - Housing Programs
Chapter 3 - CHDO Homeownership Housing Program (Revolving Loan Pool)
Section II-315 - Selection Criteria to Award Home Funds to CHDO Homeownership Housing Projects

Points

A. Ratio of Project's Intermediary Cost to Development Costs (See Subsection K for formula to calculate ratio)

1. Less than or equal to 10%

2. More than 10% but less than or equal to 15%

3. More than 15% but less than or equal to 20%

4. More than 20%

20

15

10

0

B. Project Contains Handicapped Equipped Units

1. two or fewer units

2. three to five units

3. six or more units

5

10

15

C. Project Serves Large Families Percentage of Units Having Four or More Bedrooms

1. two or fewer units

2. three to five units

3. six or more units

5

10

15

D. Project Involves New Construction in Areas with 95% or More Residential Rental Occupancy

25

E. All Units in Project Are Vacant or Abandoned or All Units Located in a MRB Targeted Area

25

F. Project to Reconstruct or Rehabilitate Substandard Housing Units to Minimum Property Standards or to Construct New Units with Total HOME Funds per Unit not Exceeding:

$ 5,000

$ 15,000

$ 25,000

$ 35,000

$ 45,000

50

40

30

20

10

G. Economic Development Benefits. Project Located in Geographic Area Certified by Department of Economic Development to Benefit from Location of New Facilities or Expansion of Existing Facilities Which Will Generate Additional Jobs and Housing Needs.

50

H. Developer Fees (Including Builder Profit and Builder Overhead When There Exists Identity of Interest between Builder and Developer) are 10% or less under Subsidy Layering Review Guidelines

25

I. Matching Certification Exceeds $50,000

50

J. Applicant Has Submitted List of Pre-Qualified Applicants

1. At least 5 pre-qualified applicants

2. At least 10 pre-qualified applicants

3. At least 15 pre-qualified applicants

4. At least 20 pre-qualified applicants

5. At least 25 pre-qualified applicants

5

10

15

20

25

Total

K. Formula to Calculate Ratio of Project's Intermediary Cost to Development Costs

Step 1: Add following amounts from Appendix II

Line II.B (Land Improvements)

Line II.C(ii) (Demolition)

Line II.C(iii) (Rehab or New Construction)

$

$

$

Total

$

Step 2: Add following amounts from Appendix II

Line II.D (Subtotal)

Line II.F (Subtotal)

Line II.G (Subtotal)

$

$

$

Total

$

Step 3: Divide Total of Step 2 by Total of Step 1 and Specify Percentage

%