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There will be a 3% interest rate for matching loans. <br />Recaptured funds will be deposited in the county's affordable housing trust fund. <br />f. Sponsor Selection Criteria: <br />Non-profit organizations or for-profit developers eligible to participate in the local <br />housing assistance program must submit a federal or state application to the <br />appropriate agencies to qualify. Assistance will be provided to projects which receive <br />an award of funds from a federal or state housing programs. Factors that may be <br />considered in selecting the sponsor/developer may include, but is not limited to: <br />1. Capacity and Capability to Carry -out Project <br />2. Scale of Project/Utilization of Density Bonuses <br />3. Experience in Completing Similar Projects <br />4. Use of Personnel from Wages and Workforce Development <br />Programs <br />5. Leveraging <br />6. Site Control <br />7. Neighborhood Compatibility with Area Redevelopment Plan <br />8. Creation of Mixed Income Communities <br />9. Recapture Provisions <br />10. Incorporation of Partnerships with Local Employers, Institutions, <br />Hospitals and Schools <br />11. Incorporation of Transit -Oriented Design <br />12. Attractiveness of Design <br />13. Multistory Buildings Must Have Elevators and be ADA Compliant <br />14. Use of Green Building Techniques <br />g. Additional Information: <br />Developers receiving assistance from both SHIP and the Housing Tax Credit <br />(LIHTC) program shall be required to comply with the income, affordability <br />and other LIHTC requirements. Similarly, any units receiving assistance from <br />SHIP and other federal, State or local programs shall be required to comply <br />with any requirements specified by the other program in addition to SHIP <br />program requirements. In the event both programs have restrictions on the <br />same issue, the more restrictive regulation shall take precedence. If one <br />program is silent on an issue, the program with a regulation on the issue shall <br />apply. 67-37.007(12) F.A.C.; <br />ii. Geographic Area <br />Matching loans may be made anywhere in the county, including all <br />municipalities located within the county. <br />iii. Housing Unit Classification <br />64 <br />