Are there any restrictions or scoring considerations related to a property developed on a long-term ground lease rather than fee simple ownership of the site?

Ground lease as a form of ownership is an issue that the Board would need to consider in its review of a project’s application.

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1. How should the scoring criteria be applied to a hybrid LIHTC deal? Do the requirements apply to the 9% and 4% portion separately or for the entirety of the development?
2. When should developers apply for project-based-vouchers (PBVs) if they are planning to include PBVs in their LIHTC 9% application?
3. Is there a specific definition of “entry-level worker unit”?
4. Does a loan program application require the site to be appropriately zoned at the time of application?
5. Does the Loudoun County loan program require Davis Bacon wages?
6. How are partial points awarded when scoring a Housing Fund application?
7. In Section 1 of the Scoring Criteria, must each of the percentages of units be unique? For instance, can the 20% for seniors also be the 20% for disabled units, or must they be separate units?
8. What does the term “Project Manager” refer to in the Application Requirements list?
9. When can an off-cycle loan application be submitted?
10. Are there any restrictions or scoring considerations related to a property developed on a long-term ground lease rather than fee simple ownership of the site?
11. Are hard copy applications required?
12. Is there a requirement that proposed projects must be located within a specified distance of an existing bus stop or commercial center?
13. Is there an application process in place for seeking Amazon funding (via the County, who must make that application)? And if so, or not, is there any relationship between receiving funding from the
14. Must Universal Design standards apply to all units and common spaces within the project to earn the full 5 points?
15. Can you expand on the affordability period and are points given on a sliding scale?
16. For sources of funds, does a Letter of Intent (LOI) proving tax credit pricing and debt serve as enough proof?
17. Can you give examples of the public participation requirement and how civic organizations should be included?
18. How much is currently available as part of the Trust? Will money also become available as part of the end-of-year fund balance?
19. For site control documentation, is an MOU enough?
20. For the pro forma, is there a template or can applicants provide their own Excel document?
21. Will there be a recording or presentation materials made available from the August 20th pre-application meeting?