Provide a comprehensive narrative, outline, and/or graphic demonstrating the team's understanding of the project to include a description of the proposed development concept, highlighting the features that would provide unique assets to the surrounding neighborhood. The description should clearly state the following: • Identify the total square footage and unit count of the development. • Include the number and bedroom mix of affordable housing units, what household income level (as percentage of AMI) will be addressed and in what quantity. Indicate the intent to seek 4% or 9% Low-Income Housing Tax Credits and any City and/or County gap financing, if needed. Reminder, any City gap financing requests above the maximum amount stated in Section 2.5 must be addressed in Appendix V. • Include the expected square footage of each proposed use (e.g., market-rate residential, retail, etc.) • Describe how this concept will complement the planned BRT corridor. • Describe how the concept will complement the surrounding built environment, neighborhoods, and businesses. • Describe how this development concept will incorporate and respond to an identified community priority, including green space needs, requests for a community garden, walking paths, a play area for children, and shaded seating. • Include project implementation timeline broken out by key development phases (i.e., pre-development, construction stage, certificate of occupancy, lease up, etc.) • (Optional) Describe any notable project risks and mitigation strategies that the Evaluation Committee should be aware of.
