These workbooks help you determine which properties best align with local housing-related priorities. Relevant resources and evaluation considerations are provided to assist with your scoring in the Evaluation Guidance sheet included in the workbooks.
Four key factors should be used to evaluate opportunities for unsubsidized affordable SMMF preservation - Download evaluation scorecards here for Atlanta and Miami, which will guide you through this analysis.
- PROPERTY CHARACTERISTICS – This factor focuses on the overall condition of the property, its size, and who the property serves today. Common criteria include building size, physical condition, reputation of current property management, and household income of existing tenants.
- PROJECT FEASIBILITY – This factor focuses on a project’s ability to meet basic regulatory requirements, including compliance with land-use standards and building codes. This factor also considers a project’s eligibility for financing and public subsidies. Common criteria include whether rezoning, variance, or other land-use exemption is required; ability to meet all applicable building codes; ability to meet all infrastructure requirements (e.g., water, sewer, road capacity); funding eligibility; and existing relationships.
- NEIGHBORHOOD MARKET CONDITIONS – This factor focuses on how neighborhood market conditions are changing or may change, based on indicators of market activity. Market activity serves as a proxy for financial feasibility and risk of displacement or loss of unsubsidized affordable SMMF properties. Common criteria for this factor include different dimensions of increased or anticipated market activity and neighborhood change.
- NEIGHBORHOOD ACCESS – This factor focuses on access to basic amenities and common destinations. This factor highlights surrounding conditions that may make the property appealing. Preserving properties in areas with stronger access to opportunity promotes economic mobility and addresses long-standing disparities. Common criteria include access to employment centers; access to transit service; access to healthy foods; and access to quality schools.