Specifications include, but are not limited to: Document how new, multi-family workforce housing will address recruiting or retention challenges of community employers (“community” can be defined as several municipalities in close proximity if appropriate) a. Examples include evidence of employer expansions, documented job openings, and housing market data (i.e., existing, planned, and available housing) 2. Identify the most plausible location for a multi-family housing project, including the cost (if any) of the site purchase and any required infrastructure to provide common utilities and high speed broadband access (minimum 2.5 acres) 3. Provide information related to any probable debt or equity capital, including private investors, probable LIHTCeligible projects, or other low-cost credit instruments a. Include municipal support, financial or otherwise b. Consideration will be given to feasibility of additional potential capital sources (LIHTC scoring, etc) 4. Provide evidence of community support for investment in housing as a workforce development solution, including involvement in other projects 5. Document any unique arrangements employers or other entities will provide to support housing opportunities for existing or potential employees
