CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review...
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Transcript of CDBG OOR Application Training. Agenda Introduction of Real Estate Production Staff Review...
CDBG OOR Application Training
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
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
Funding Round Timeline
Round 1
• May 2013 - Application Webinar
• June 28, 2013 - Application Due
• August 22, 2013 - Award Announcements
• September 2013 – Award Workshop
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
ELIGIBLE APPLICANTS (CONT’D)
CDBG Disaster OOR (CDBG-D)
• not-for-profit 501(c)3
• 501(c)4 organizations • cities
• towns
• counties
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
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
ELIGIBLE REPAIRS
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
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?
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.
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
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
Application Submission Via FTP Site
1. EMAIL IHCDA WITH CONTACT INFO
Jason [email protected]
Include:•Full Name•Email•Preferred Password•Project Name
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.
3. CLICK ON THE LINK IN THE EMAIL AND LOGIN USING YOUR USERNAME IN THE EMAIL AND PASSWORD YOU SELECTED
4. YOUR INITIAL SCREEN SHOULD INCLUDE A FOLDER CREATED FOR YOU AT THE TOP OF THE SCREEN WITH THE PROJECT’S NAME.
5. BEGIN TO UPLOAD FILES FOR YOUR APPLICATION BY CLICKING THE UPLOAD FILE BUTTON.
6. CHECK THAT ALL OF THE APPLICATION DOCUMENTS HAVE BEEN UPLOADED AND EXIT.
THANK YOU!
Questions?