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How to Apply Workshop Affordable Housing Preservation and Production and Special Needs Housing Programs Background HOME Investment Partnership Entitlements, Consortia, and states Designed to promote private/public partnerships Core Virginia HOME Programs include: Indoor Plumbing Program

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how to apply workshop

How to Apply Workshop

Affordable Housing Preservation and Production

and

Special Needs Housing Programs

background
Background
  • HOME Investment Partnership
    • Entitlements, Consortia, and states
    • Designed to promote private/public partnerships
  • Core Virginia HOME Programs include:
    • Indoor Plumbing Program
    • Down Payment Assistance Program
    • Affordable Housing Production (AHP) Program
    • Special Needs Housing (SNH) Program
ahp and snh programs funding process
AHP and SNH Programs Funding Process
  • Quarterly Competitive Process
  • Due Dates:
    • September 30, 2008
    • December 30, 2008
    • March 31, 2009
    • June 30, 2009
  • Review Panel
  • Review Criteria:
    • Need (50 points)
    • Feasibility (30 points)
    • Capacity (20 points)
  • Minimum of 60 points (threshold) needed for funding
funding process threshold requirements
Funding Process:Threshold Requirements
  • Submitted on time
  • Submitted in required format
  • Complete Application
  • Eligible Applicant
  • Eligible Project
  • No unresolved findings/issues
  • Minimum of 60 points needed
formatting logistics
Formatting & Logistics
  • One Original & Four Copies (total of 5)
  • Three ring binders with dividers
  • 12 font
  • All pages numbered and attachments identified
  • Received at DHCD by 5:00 PM on the date due

Carefully READ the Program Guidelines

and the application instructions.

eligible applicant
Eligible Applicant
  • Non-profit or for-profit Housing Developer
  • Project Owner, Developer, or Sponsor
  • State –Certified CHDOs (Community Housing Development Organizations)

For more on becoming a state-certified CHDO go to:

http://www.dhcd.virginia.gov/CommunityCapacityBuilding/Office_Of_Community_Capacity_Building.htm

eligible projects
Eligible Projects
  • Rental or Homebuyer
  • Targeting low income households
  • Targeting low income special needs households
  • Minimum of five (5) units
  • Scattered site okay –units must be under common ownership, management, & financing
  • Minimum of $15,000 per unit (or 3 out of 5 major systems)
income targeting minimums
Income Targeting(minimums)
  • Homebuyer units:
    • At least 60% of units must target households at or below 60% Area Median Income (AMI)
    • Remaining 40% of units okay at or below 80% AMI
  • Rental units:
    • 20% of unitsat or below 50% AMI
    • Remaining 80% of units at or below 60% AMI
local match requirement
Local Match Requirement
  • 25 percent local match requirement
  • 25% of total AHPP/SNH (HOME) program request
  • Requirement applies to all HOME entitlements and any HOME consortium
eligible costs
Eligible Costs
  • Hard costs including land acquisition
  • Up to 18 months of project reserves
  • Soft project costs
  • Utility connections
  • Relocation costs
rental projects
Rental Projects
  • Must meet all HOME program rules
  • Fixed or floating units
  • Income eligibility restrictions
  • Rent restrictions
  • Rents approved by DHCD
  • Tenant least for at least one year
homebuyer projects
Homebuyer Projects
  • CHDO’s only
  • Single family, condos, 2-4 unit attached
  • Income eligibility requirements
  • Must meet DHCD minimum design standards
  • Sales price cannot exceed 95% of area median sales price
monitoring and compliance
Monitoring and Compliance
  • Monitoring at least:
    • Every two years for projects with 5 – 25 units
    • Annually for projects with more than 25 units
  • Compliance verification
    • Rent Requirements
    • Occupancy Requirements
    • Tenant Eligibility
    • Property Standards
other regulatory requirements
Other Regulatory Requirements
  • Environmental review
    • Required before release of HOME funds
  • Labor relations
    • Including Section 3, Davis-Bacon, EEO
  • Tenant participation and accessibility
    • Including Section 504 and Fair Housing
  • Relocation
common mistakes
Common Mistakes
  • Underestimating operating expenses
  • Missing details in needs statement
  • No verification of site control
  • No confirmation of appropriate zoning
  • No documentation of other funding sources
  • Projects that are not “ready”
  • Incomplete submissions
  • Missing documentation
contact information
Contact Information

Kevin Hobbs – Program Administrator

(804) 371.7120

[email protected]

Jan Hillman – Program Manager

(804) 371.7102

[email protected]

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