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Exhibit I <br />v. Experience in the development of affordable housing; <br />vi. The non-profit organization must be an entity with current 501(c)(3) tax-exempt <br />status. <br />h. Additional Information: <br />i. Geographic Area <br />Impact fee/capacity charge loans may be made anywhere in the county, <br />including all municipalities located within the county; <br />ii. Housing Unit Classification; <br />All housing units shall be owner -occupied; and <br />iii. Impact fee/capacity charge loans may be given in combination with purchase <br />assistance or rehabilitation loans. <br />G. New Construction Federal or State Programs Matching Loans (Code #21) <br />a. Summary of the Strategy: <br />To assist non-profit organizations, and for-profit developers with matching funds <br />needed to obtain federal or state housing programs funding for development of rental <br />affordable housing projects. <br />b. Fiscal Years Covered: FY 2024-2025, FY 2025-2026, and FY 2026-2027 <br />C. Income Categories to be Served: <br />Very Low -Income Persons (not to exceed 50% of median income) <br />Low -Income Persons (51 to 80% of the county's median income) <br />Moderate -Income Persons (81 to 120% of median income) <br />d. Maximum Award: <br />The maximum monetary award will be up to $100,000 for each LIHTC project or it is <br />capped at a maximum of $25,000 per unit. These amounts may be administratively <br />lowered by SHIP staff with Loan Review Committee approval if limited SHIP funds <br />are available (due to a larger waiting/que list than funds available) and/or if a lower <br />award amount will achieve the same point outcome for federal or state housing <br />programs funding for development of rental affordable housing projects. <br />e. Terms, Recapture, Default: <br />The federal and state programs matching loans are Deferred Payment Loans (DPL). <br />- 24 - <br />132 <br />