Nfmc round 4 eligible applicant briefing for hud approved intermediaries state hfas january 12 2010
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NFMC Round 4 Eligible Applicant Briefing for HUD-Approved Intermediaries & State HFAs January 12, 2010 PowerPoint PPT Presentation


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NFMC Round 4 Eligible Applicant Briefing for HUD-Approved Intermediaries & State HFAs January 12, 2010. Overview Legislation Beneficiaries Areas of Need Eligible Applicants Eligible Uses Match Program Design Request Amount Award Decisions Draws & Reporting

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NFMC Round 4 Eligible Applicant Briefing for HUD-Approved Intermediaries & State HFAs January 12, 2010

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Nfmc round 4 eligible applicant briefing for hud approved intermediaries state hfas january 12 2010

NFMC Round 4Eligible Applicant Briefing forHUD-Approved Intermediaries & State HFAsJanuary 12, 2010

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Table of contents

Table of Contents

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks

Overview

Legislation

Program Design

Timeline

Documents

GrantWorks


Overview

Overview

  • The Consolidated Appropriations Act of 2010 (Public Law 111-117) adds new funds to the existing National Foreclosure Mitigation Counseling (NFMC) Program.

  • Details: www.nw.org/nfmc

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation beneficiaries

LegislationBeneficiaries

Beneficiaries: “homes with mortgages in default or in danger of default will be provided such assistance … likely to prevent foreclosures and result in the long-term affordability of the mortgage retained pursuant to such activity or another positive outcome for the homeowner.”

Positive outcome defined as homeownership preservation or, if not, least burdensome outcome.

Examples:

  • Bring loan current– Home sale

  • Refinance existing mortgage– Short sale

  • Modify Mortgage– Deed in lieu

  • Forbearance agreement

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation areas of greatest need

LegislationAreas of Greatest Need

“Provide mortgage foreclosure mitigation assistance primarily to states and areas with high rates of defaults and foreclosures …(and in areas) where there is a prevalence of mortgages that are risky and likely to fail,(or) mortgages that are likely to default and face foreclosure.”

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation areas of greatest need1

LegislationAreas of Greatest Need

Areas of Greatest Need analysis considers the following:

Sub-prime Markets Prime Markets

1) # of delinquent loans 1) # of delinquent loans

2) % of loans delinquent 2) % of loans delinquent

3) % in foreclosure/REO 3) % in foreclosure/REO

4) % of loans subprime

MSAs: if an MSA fell into the “worst” quintile in any of the these variables, they are considered an area of greatest need.

Rural Areas: if 50% or more of the micropolitan areas in a state fall into the “worst” quintile in any of these variables, the state is one that we would consider having a foreclosure concern in rural areas.

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible applicants

LegislationEligible Applicants

Who is Eligible?:

- HUD-approved Housing Counseling Intermediaries approved by 8:00 PM EST on 2/9/10

- State Housing Finance Agencies

- Chartered members of NeighborWorks network

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible applicants1

LegislationEligible Applicants

Who is Not Eligible?:

  • Individuals

  • local housing counseling agencies cannot apply directly (but may apply through HFA or Intermediary)

  • national and regional housing counseling intermediaries that are not HUD-approved

  • HFAs that do not have statutory authority to work statewide

  • Legal assistance organizations that are not HUD- approved housing counseling intermediaries

  • Any Applicant that in not in compliance with OMB A-133 audit requirements as of 2/9/10

  • Applicants with unresolved compliance findings as of 2/9/10 may be ineligible, depending on the severity of the findings

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible applicants2

LegislationEligible Applicants

All Eligible Applicants must:

1. Demonstrate Experience

Applicant must certify that each of its Sub-grantees or branches that will receive funding has:

1) worked successfully with financial institutions and with borrowers facing default, delinquency, and foreclosure;

2) documented counseling capacity, outreach capacity, past successful performance and positive outcomes with documented counseling plans (including post mortgage foreclosure mitigation counseling), loan workout agreements, and loan modification agreements;

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible applicants3

LegislationEligible Applicants

3) achieved one of the following:

  • Provided foreclosure counseling services that included documented action plans to at least 50 people during the past year or 20 people during the past quarter OR

  • if > 75% of the applicant’s service area is rural and applicant provided foreclosure counseling services that included documented action plans to at least 25 people during the past year or 10 people during the past quarter OR

  • Applicant has provided foreclosure counseling services that included documented action plans to at least 12 people during the past year AND has at least one comprehensively trained and qualified foreclosure counselor on staff

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible applicants4

LegislationEligible Applicants

All Eligible Applicants must:

  • Adhere to the National Industry Foreclosure Counseling Standards

  • Demonstrate Ability to Provide

    a) reasonable analysis of borrower’s financial situation

    b) evaluation of current value of the property that is

    subject to the mortgage

    c) counseling regarding assumption of the mortgage

    or possible purchase of the mortgage by non-

    federal third party

    d) Counseling and advice of all likely restructuring

    and refinancing strategies, or approval of a work-

    out strategy by all interested parties

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible uses

LegislationEligible Uses

Training:up to $3 million to “build mortgage foreclosure and default mitigation counseling capacity of counseling intermediaries”

  • Scholarshipsfor counseling organizations to attend NeighborWorks Training Institutes

  • Regional Place Based Trainingsponsored and hosted by NeighborWorks America

  • Local Place Based Trainingsponsored by NeighborWorks America and hosted by HUD Intermediaries and or state Housing Finance Agencies

  • E-learning courses Foreclosure Basics, Understanding and Applying Foreclosure Intervention and Loss Mitigation Tools

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation eligible uses1

LegislationEligible Uses

Grant Funds

  • At least $59,400,000 for foreclosure counseling

    At least 51% to Areas of Greatest Need

    Performance Period: December 1, 2009 – December 31, 2010

    Administrative Expenses

  • Up to 4% of total to:

    • administer grant program

    • study successful strategies and recommend efforts that can assist in the success of the foreclosure counseling

    • Develop secure data collection system

    • Third party quality control and compliance monitoring

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Legislation match

LegislationMatch

Match to be determined/waived by NRC based on affordability and economic conditions of an area

  • 20% match for the first $500,000; 10% thereafter.

  • Must be related to applicants’ foreclosure program

  • Need not be new resources

  • Can be cash or in-kind

  • Other federal funds may not be counted, nor may funds be used to match other NFMC funding

  • Match window: 6/30/09 to 12/31/2010

  • The match requirement may be waived for counseling delivered in defined geographic areas suffering from high poverty and high unemployment

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design request amount

Program DesignRequest Amount

Three categories of funding:

1) Counseling

2) Program-Related Support

3) Operational Oversight

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design request amount1

Program DesignRequest Amount

“Level One” Counseling ($150)

Intake including basic demographic information, lender and loan information, and reason for delinquency.

Authorization that allows organization to (a.) submit client-level information to the data collection system for this grant, (b.) open files to be reviewed for program monitoring, and (c.) conduct follow-up with client related to program evaluation.

Budget based on client’s oral representation of their expenses, debts, and available sources of income.

Written Action Plan for follow up activities to be taken by the client and review this Action Plan with the client.

Making Home Affordable Eligibility

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design request amount2

Program DesignRequest Amount

“Level Two” Counseling ($300):

Engage in budget verification

If not already on file, organization shall collect authorization form

Steps to obtain a solution outlined in the written Action Plan are taken and documented using counseling notes that indicate date counseling occurred

Close-out documentation is completed.

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design request amount3

Program DesignRequest Amount

Program-Related Support:

Applicants will receive a flat 20 percent of their counseling award for Program-Related Support

  • Establishing a triage system

  • Outreach to delinquent borrowers

  • Group orientation and education

  • Infrastructure development and communication

  • Improving capacity for tracking and reporting data

  • Costs related to hiring, orienting, and training new counseling staff

  • Purchasing or leasing equipment and software for new counselors

  • Collecting data and preparing quarterly reports and draw requests

  • Outreach and communication on preventing rescue or loan modification scams

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design request amount4

Program DesignRequest Amount

Program-Related Support:

- A plan for use of these funds must be included with the application.

- Full 20 percent must be passed through to Sub-grantees, unless applicants justify how retaining a portion of this support will have a timely and positive impact on the capacity of local Sub-grantees to conduct foreclosure mitigation counseling. If such a plan is submitted and justified, no more than 50 percent of the funds allocated under this section can be held at the intermediary or HFA level

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Nfmc round 4 eligible applicant briefing for hud approved intermediaries state hfas january 12 2010

Program DesignRequest Amount

Operational Oversight:

A flat 7% of the first $2.5 million of Counseling Award received and 5% thereafter will be awarded to cover expenses associated with managing sub-grantees. For example:

  • Collecting data from subs and preparing quarterly reports

  • Managing draw requests and distribution of funds to

    Sub-grantees or Branches

  • Participation in comprehensive evaluation

  • Complying with program requirements and ensuring

    Sub-grantees and/or Branches are in compliance

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design award decisions

Program DesignAward Decisions

  • No organization may request more than 15% of the total amount available in counseling funds. Total request cap is $8.91 million. (The counseling award request cap is $7,016,000). Further award limits may be established during the grant review and award process

  • No organization can request less than $50,000 (the counseling award floor is $39,370)

  • Review Teams will score applications

  • Award decisions will be based upon on a number of considerations, including (without limitation) (1) past performance in NFMC and spend down of current NFMC funds; (2) the recommendations and scores of grant reviewers with particular attention to the Applicant’s demonstrated experience and capacity to deliver counseling services and/or manage multiple Sub-grantees and Branches; (3) the reasonableness of Applicant’s counseling goals; (4) geographic diversity and coverage in areas of greatest need; and (5) total demand for funding from all Applicants.

  • May draw on information outside of what is included in app

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design draw schedule

Program DesignDraw Schedule

1st Draw: 35% of counseling award + 35% of operationaloversight (OO) + 70% of program related support (PRS) after receipt of signed grant agreement and start-up documentation

2nd Draw:After 25% of total production goal is demonstrated (in dollars, not units), second draw is initiated, which consists of additional 30% of counseling award + 30% of OO + 15% of PRS

3rd Draw: After 60% of total production goal is demonstrated (in dollars, not units), third draw is initiated, which consists of additional 30% of counseling award + 30% of OO + remaining15% of PRS

Final Draws: After 100% of total production is demonstrated (in dollars, not units), half of remaining balance is awarded after last quarterly report and half is disbursed after completion of evaluation requirements

Note: No Grantee will receive multiple draws at one time.

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks

Overview

Legislation

beneficiaries

areas of need

eligible applicants

eligible uses

match

Program Design

funding plan

request amount

award decisions

draws & reporting

Timeline

Application Qs


Program design draw schedule1

Program DesignDraw Schedule

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design reporting

Program DesignReporting

  • Production Reports trigger draws

  • Quarterly Programmatic Reports

  • Ongoing Evaluation

    THIRD PARTY- data collection

    - quality control and compliance

    - evaluation

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Program design notables

Program DesignNotables

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks

Round 4 Legislation

Very similar to Round 1

Handling of Duplicate Clients

5% waiver of non-self duplicates

Making Home Affordable

Can use up to 30% of counseling award to counsel at Levels 4a and 4b

Levels of Counseling

No Level 3 designation

Level 1 must include MHA screening

No Exclusivity Clause


Program design notables1

Program DesignNotables

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks

Streamlined Grant Application

  • Grantees that have no uncured compliance findings as of 1/12/2009 AND one of the following is true:

    • Round 2 Grantees that are > 75% finished with Round 2 (in dollars, not units) by 1/12/2009 OR

    • Round 3 Grantees that don’t have Round 2 funds and are > 25% finished with Round 3 (in dollars, not units) by 1/12/2009

      Full Grant Application

  • All first time applicants

  • Applicants that were only in Round 1

  • All previous Grantees that do not meet criteria above


Timeline subject to change

Timeline(subject to change)

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Documents

Documents

Posted now:

  • Legislation

  • Application Questions

  • PPT Presentations from today

  • Data collection forms & sample documents (disclosure letters, etc.)

  • Guidance (in-kind match, etc.)

    Posted on or before January 19

  • Areas of Greatest Need

  • Funding Announcement

  • Application Guides

  • Recordings of these sessions

  • Low income and minority zip codes

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


Grantworks

GrantWorks

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks

Overview

Training

Admin & Evaluation

Grant Funds

Eligibility

Beneficiaries

Areas of Need

Counseling $

Prgrm-Rltd Spprt

Op Oversight

Draws

Match Requirement

Reporting

Workflow

Timeline

  • Overview

  • Training

  • Admin/Evaluation

  • Grants

  • Timeline

  • Review & Scoring

  • Award Decisions

  • Grantee locations

  • Grant Agreements

  • Key Advisors

  • Overview

  • Grants

  • Timeline

  • Review & Scoring

  • Award Decisions

  • Grantee locations

  • Grant Agreements

  • Training

  • Admin/Evaluation

How to Access and Navigate GrantWorks to complete application


Questions

Questions?

Overview

Legislation

Beneficiaries

Areas of Need

Eligible Applicants

Eligible Uses

Match

Program Design

Request Amount

Award Decisions

Draws &Reporting

Notables

Timeline

Documents

GrantWorks


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