HOME CONSORTIUM Established 1994 Established 1994 Members: Members: City of Reno City of Reno City...
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Transcript of HOME CONSORTIUM Established 1994 Established 1994 Members: Members: City of Reno City of Reno City...
HOME CONSORTIUMHOME CONSORTIUM Established 1994 Established 1994 Members:Members:
City of RenoCity of Reno City of SparksCity of Sparks Washoe CountyWashoe County
Other participants:Other participants: TRCTRC Directors Directors Regional Planning Governing BoardRegional Planning Governing Board
GOALSGOALS Provide decent affordable housing to Provide decent affordable housing to
low income households low income households Expand the capacity of nonprofit Expand the capacity of nonprofit
housing providers housing providers Strengthen the ability of state and Strengthen the ability of state and
local governments to provide local governments to provide housing housing
Leverage private-sector participation Leverage private-sector participation
ELIGIBLE ACTIVITIESELIGIBLE ACTIVITIES Homeowner Homeowner
rehabilitationrehabilitation
Homebuyer activitiesHomebuyer activities
Rental housingRental housing
Tenant-based rental Tenant-based rental assistance (TBRA)assistance (TBRA)
PRIORITIES FOR PRIORITIES FOR FUNDINGFUNDING
Level I Priorities: Level I Priorities:
Project must provide units at or below 40% of Project must provide units at or below 40% of the Area Median Income for family units; at or the Area Median Income for family units; at or below 45% of Area Median Income for senior below 45% of Area Median Income for senior projects. Project must have MOU for services.projects. Project must have MOU for services.
Projects that provide permanent housing, Projects that provide permanent housing, especially in conjunction with supportive especially in conjunction with supportive services, for individuals and households with services, for individuals and households with special needs and/or emerging from special needs and/or emerging from homelessness.homelessness. Project must have Supportive Project must have Supportive Services (MOU)Services.Services (MOU)Services.
PRIORITIES FOR PRIORITIES FOR FUNDINGFUNDING
Level II Priorities:Level II Priorities: On transit corridorOn transit corridor
Green ComponentGreen Component
Conforms to Consolidated Plan, Conforms to Consolidated Plan, Regional Plan, 10 Year Plan to End Regional Plan, 10 Year Plan to End HomelessnessHomelessness
Mixed Income/Use ProjectsMixed Income/Use Projects
FUNDING SOURCESFUNDING SOURCES HOME Investment HOME Investment
Partnership Program Partnership Program (HOME)(HOME)
State of Nevada HOME State of Nevada HOME dollarsdollars
State of Nevada Low State of Nevada Low Income Housing Trust Income Housing Trust
Funds (LIHTF)Funds (LIHTF)
Any other potential funds Any other potential funds provided to this region for provided to this region for
housing housing
HOME ALLOCATIONS BY YEAR
13500001400000145000015000001550000160000016500001700000
2005200620072008200920102011
FUNDING SOURCES
0200000400000600000800000
100000012000001400000
LOW INCOME HOUSING TRUST FUNDS AND STATE HOME
FUNDS ALLOCATIONS BY YEAR
2005200620072008200920102011
FUNDING PROCESS FLOW CHART
HOME - Fed GovtHOME -StateLIHTF - StateWCHC Program IncomeOther sources
Lead AgencyReno
TechnicalReview
Committee
Contractors,Builders,CHDOs,other agencies
Participating Jurisdiction(Reno, Sparks, Washoe County)
Directors
REGIONAL PLANNINGGOVERNING BOARD
RFPs
FUNDS
$
$
WCHC Recent Development Projects (2005-2010)
Golden Apartments Southwest Village Rehab C Street rehab Bethel Plaza II Pilgrim Rest The Willows at Wells Senior Apartments St. Vincent’s Residence Aspen Terrace Sierra Manor City Hall Senior STEP 1 Silver Sage Senior on McCarran Autumn Village River Senior Silver Sage Senior at Neil Road
PROCESSPROCESS TRC:TRC:
Calls for applications – October 1 Receives applications – December 8 Holds public hearings – January-March Jurisdictions consider allocation of pro-rata share of HOME
entitlement funds – February Provides recommendations to Directors – March
Directors:Directors: Reviews recommendations from TRC – March Provides recommendations to RPGB – April
RPGB:RPGB: Ratification of recommended allocation
Funds available for commitment after July 1, Funds available for commitment after July 1, 2012 upon approval of funds by HUD and 2012 upon approval of funds by HUD and
must be committed within 24 monthsmust be committed within 24 months