Community Stability

Projects are eligible for points in this category if:

The project meets at least one of the following criteria:

Rental Projects

Preservation of Federally Assisted Housing
Adaptive Reuse
Rehabilitation or demolition of an existing vacant building
Acquisition and Rehabilitation of Naturally Occurring Affordable Housing

Homeownership Projects

Adaptive Reuse
Rehabilitation or demolition of an existing vacant building
Rehabilitation of Owner-Occupied Housing

Preservation of Federally assisted rental housing

Currently receiving one of the following:

HUD Section 8 project based rental assistance
Public Housing Authority/PHA owned units
HUD 202 or 811 projects • USDA RD 514, 515, or 516 projects
Existing Federal Low Income Housing Tax Credit (LIHTC) units
Includes PHA units being sold to a non-profit and financed with LIHTC

Adaptive Reuse:

Conversion of a building from a non-housing use to a housing use. For example, a warehouse converted to apartments or condominiums, a hotel converted to apartment units other than overnight shelter units, school houses converted to apartments, or convents and monasteries converted to a housing use for the general public. 100% of the units must be adaptive reuse to qualify.

Rehabilitation or demolition of an existing vacant building:

100 percent of the units are the rehabilitation of or demolition and new construction on the same site of a vacant or abandoned building

Does not apply to bare land
Must be chronically vacant and uninhabitable, OR
Building is a public nuisance or contributes to blight on the area, OR
Violates housing code making it a danger to the public

Acquisition and Rehabilitation of Naturally Occurring Affordable Housing

100 percent of units are not income restricted
Minimum $5,000 per unit in rehabilitation costs
Acquisition must be arms-length transaction
Acquisition must have occurred within three years of AHP application

Rehabilitation of Owner-Occupied Housing

Owner occupied rehabilitation of hard costs at $15,000 or more per unit
- To demonstrate eligibility, the rehabilitation budget should exceed $15,000 by including a 10% contingency or minimum of $16,500 rehabilitation cost per unit

	Rental Projects	Homeownership Projects
Preservation of Federally Assisted Housing	10 points	Not applicable
Adaptive reuse	5 points	5 points
Rehabilitation or demolition of an existing vacant building	5 points	5 points
Acquisition and rehabilitation of naturally occurring affordable housing	5 points	Not applicable
Rehabilitation of owner-occupied housing	Not applicable	12 points

Required documentation

Adaptive Reuse: Provide narrative on how project meets this requirement and documentation that evidences the current non-housing use of the property.
Vacant or Abandoned: Providing narrative on how project meets this requirement and documentation that evidences the properties meet the Bank’s definition . This might include an affirmative market study, appraisal or capital needs assessment, or documentation of municipal action against property to cure public nuisance or blight. For homeownership projects - the commitment for vacant/abandoned through rehabilitation of foreclosed property or property acquired via tax sale, the evidence must include documentation of foreclosure or tax sale.
Preservation of Federally Assisted Housing: i.e. HAP contract, USDA 515 mortgage, LURA, etc.
Acquisition and Rehabilitation of Naturally Occurring Affordable Housing: i.e. title opinion