(b) Commission staff will select eligible projects for ACEDP grants from eligible applicants, subject to funding availability, based on two (2) general criteria:

1. (1) Readiness to proceed.

   1. (A) The commission will award seventy-five (75) points to applicants who provide a document, current to within twelve (12) months, from an approved funding source that indicates the approved funding source expects to extend funds to the project during the current calendar year.
   2. (B) The commission will award fifty (50) points to applicants who provide a document, current to within twelve (12) months, from an approved funding source that indicates the approved funding source does not expect funds to be available for the project during the current calendar year, although funding may be available the following year.
   3. (C) The commission will award twenty-five (25) points to applicants who provide a document, current to within twelve (12) months, from an approved funding source acknowledging receipt of the application and considering the project for funding; and

2. (2) High percentage of low-to-moderate-income beneficiaries.

   1. (A)

(i) Applicants will receive from thirteen (13) to twenty-five (25) points based upon the percentage of LMI beneficiaries.

1. (ii) The exact number of points is determined by multiplying the percentage of the project’s beneficiaries who are LMI by twenty-five (25).

   1. (B) For this calculation, the LMI will be expressed as a decimal with three (3) decimal places.

   2. (C)

      1. (i) Fractional results of this calculation greater than or equal to 0.500 will be rounded up to the next higher whole number.
      2. (ii) Fractional results of this calculation less than 0.500 will be dropped.
      3. (c) The commission may award an ACEDP grant on a noncompetitive basis and without regard to the criteria cited in subdivision (b) of this section in order to address an imminent threat to the health or safety of a community.