CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review...

22
CDBG OOR Application Training

Transcript of CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review...

Page 1: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

CDBG OOR Application Training

Page 2: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

Agenda• Introduction of Real Estate Production Staff•Review Application Package

o Funding Round Timelineso Eligible applicantso Eligible activities & program requirementso Threshold & Completenesso Scoringo Application formso Application Submission

•Q&A

Reminders• Please mute your phones by using *1 • Type in questions during the webinar. There will also be a Q&A session at the end of the presentation

Page 3: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

Real Estate Production Staff

•Matt Rayburn, Chief Real Estate Development Officer•Carmen Lethig, Real Estate Production Manager•Jason Brozek, Real Estate Coordinator

Regional Analysts:Northwest: Darin EdwardsNortheast: Megan ColerSouthwest: Jeff HasserSoutheast: Talisha BradleyMarion County: Alan Rakowski

Page 4: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

Funding Round Timeline

Round 1

• May 2013 - Application Webinar

• June 28, 2013 - Application Due

• August 22, 2013 - Award Announcements

• September 2013 – Award Workshop

Page 5: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

Eligible Applicants

CDBG•Cities, towns, or counties that are located within Indiana but outside of CDBG entitlement communities.

‐ Refer to the CDBG Policy for a complete listing of entitlement communities.

‐ Subrecipients• Not-For-Profit 501 (c)3 or 501(c)4 corporations• CHDO’s• PHA’s• Regional Planning Commissions• Townships

Page 6: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

ELIGIBLE APPLICANTS (CONT’D)

CDBG Disaster OOR (CDBG-D)

• not-for-profit 501(c)3

• 501(c)4 organizations • cities

• towns

• counties

Page 7: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

PROGRAM REQUIREMENTS

• Owner-Occupied Repair (OOR)• Beneficiary must:

• Own the property• Be income eligible – annual income equal or less than 80% of Area Median

Income• Execute Duplication of Benefits

• 24 CFR Part 570• 2 Inspections

• Completion of documented scope of work• Upon completion of construction

• 2 Public Hearings• 10% match/leverage requirement• Environmental Review Record (ERR)• Proof of Property Insurance• Competitive Procurement Procedures

Page 8: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

PROGRAM REQUIREMENTS (CONT’D)

• Address Lead Based Paint (24 CFR Part 35)• Uniformed Relocation Act (URA) Requirements• Demonstrate action to affirmatively further fair housing• Section 3 – if award is over $200,000• Recorded Lien and Restrictive Covenant Agreement

Amount of CDBG or CDBG-D subsidy per unit

Affordability Period

Under $5,000 1 year

$5,000.01 - $10,000.00 2 years

Over $10,000.00 3 years

Page 9: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

ELIGIBLE REPAIRS

Page 10: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

SUBSIDY / AWARD LIMITATIONS

• Maximum Grant Request Amount: $350,000 per application

• Per Unit Subsidy = $25,000 maximum

• Program delivery + Administration + ER = Cannot exceed 20% of CDBG Award

Page 11: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

COMPLETENESS & THRESHOLD

Completeness

Answer the following questions prior to submitting your application:

•Is every question answered?

•Are all required signature pages signed?

•Was the Application Form uploaded to the FTP site by the due date?

•Are all required Tab Attachments uploaded to the FTP site by the due date?

•Was a hard copy of the Application Form with original signatures sent to IHCDA by the due date?

Page 12: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

COMPLETENESS & THRESHOLD (CONT’D)Threshold

•Application Cover Page•Application Summary•Project Narrative•Leverage•Sources and Uses•Project Characteristics•Readiness•Capacity•Financing •Unique Features & Partnerships

**A list of required documentation associated with each threshold item can be found on pages 14-19 of the application policy.

Page 13: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

SCORING

Scoring Category Possible Points

Project Characteristics 50

Readiness 10

Capacity 30

Financing 10

Unique Features & Partnerships 10

Completeness Bonus 5

Total Possible Points 115

Page 14: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

SUBMITTING APPLICATION

• The applicant must submit the following items to IHCDA’s Real Estate Department Coordinator:

• Via FTP site:‐ One completed copy of the final application forms‐ All supporting documents required in the tabs

• Via hard copy:‐ One completed copy of the final application forms with original signatures

• All required application items are due no later than 5:00 p.m. date.

• Applications received after the deadline will be returned to the applicant via certified mail. Faxed applications will not be accepted.

The hard copy of the final application forms should be sent to: Indiana Housing and Community Development Authority

ATTN: Real Estate Department Coordinator RE: CDBG OOR Application

30 South Meridian Street, Suite 1000 Indianapolis, IN 46204

Page 15: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

Application Submission Via FTP Site

Page 16: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

1. EMAIL IHCDA WITH CONTACT INFO

Jason [email protected]

Include:•Full Name•Email•Preferred Password•Project Name

Page 17: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

2. IHCDA WILL ASSIGN YOU A USERNAME GIVEN IN A CONFIRMATION EMAIL.

*If there is an issue, email [email protected] . Do not reply to welcome email.

Page 18: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

3. CLICK ON THE LINK IN THE EMAIL AND LOGIN USING YOUR USERNAME IN THE EMAIL AND PASSWORD YOU SELECTED

Page 19: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

4. YOUR INITIAL SCREEN SHOULD INCLUDE A FOLDER CREATED FOR YOU AT THE TOP OF THE SCREEN WITH THE PROJECT’S NAME.

Page 20: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

5. BEGIN TO UPLOAD FILES FOR YOUR APPLICATION BY CLICKING THE UPLOAD FILE BUTTON.

Page 21: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

6. CHECK THAT ALL OF THE APPLICATION DOCUMENTS HAVE BEEN UPLOADED AND EXIT.

Page 22: CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review Application Package o Funding Round Timelines o Eligible applicants.

THANK YOU!

Questions?