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State and Federal Responses to Housing Market. Presentation to the Virginia Municipal League Shea Hollifield Deputy Director Virginia Department of Housing and Community Development October 19, 2009. Housing and Economic Recovery Act (HERA) Neighborhood Stabilization Program (NSP)

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state and federal responses to housing market

State and Federal Responses to Housing Market

Presentation to the Virginia Municipal League

Shea Hollifield

Deputy Director

Virginia Department of Housing and Community Development

October 19, 2009

slide2
Housing and Economic Recovery Act (HERA)

Neighborhood Stabilization Program (NSP)

American Recovery and Reinvestment Act (ARRA)

Homeless Intervention and Rapid Re-Housing Program (HPRP)

Weatherization Assistance Program (WAP)

Community Development Block Grant (CDBG-R)

Neighborhood Stabilization Program (NSP2)

DHCD Role in ImplementingHousing Related Federal Stimulus Programs

slide3
Neighborhood Stabilization Program Update

HUD allocated $3.92 billion as grants to states and units of local government according to a formula based on:

home foreclosures

homes financed with a “subprime mortgage related loan”

homes in default or delinquency

The Housing andEconomic Recovery Act of 2008

slide4
Neighborhood Stabilization Program – VA Grantees

Prince William County $ 4.1 million

Fairfax Count $ 2.8 million

Virginia state program (DHCD) $38.7 million

The Housing andEconomic Recovery Act of 2008

slide5
NSP – Distribution of State Funding

Open submission - $ 24.4 million

Planning grants - $ 250,000

Competitive round - $ 9.4 million

Performance pool – $ 2.8 million plus program income

The Housing andEconomic Recovery Act of 2008

slide6
NSP – State Grant Awards - Open Submission

Alexandria, City of $ 936,955

Central Virginia Housing Coalition, in partnership with Caroline, $ 2,500,000

Spotsylvania, Counties of

Fairfax County $ 1,000,000

Northern Shenandoah Valley Regional Commission, in partnership with $ 2,500,000

Frederick, Shenandoah, Warren, Counties of

Central Virginia Housing Coalition, in partnership with Fredericksburg, $ 2,500,000

City of/Stafford, County of

Habitat for Humanity of Virginia $ 1,500,000

Hampton, City of $ 2,000,000

Loudoun, County of $ 2,000,000

Newport News, City of $ 700,000

Norfolk, City of $ 1,794,375

PEOPLE Incorporated in partnership with the City of Bristol $ 859,330

PEOPLE Incorporated in partnership with the Russell County $ 1,162,670

Portsmouth, City of $ 2,000,000

Richmond, City of $ 2,000,000

Suffolk, City of $ 971,444

TOTAL $ 24,424,774

The Housing andEconomic Recovery Act of 2008

slide7
NSP – State Grant Awards - Competitive Round

$ 9.4 Million in NSP Grants

Catholics for Housing, Prince William County               $ 1,500,000

City of Chesapeake                                                    1,500,000

Chesterfield County                                                         500,000

Town of Culpeper                                                       1,200,000

Fauquier County                                                          1,500,000

City of Franklin                                                                  400,000

Lynchburg Neighborhood Development Foundation         1,000,000

Pathways (Petersburg)                                                        600,000

Virginia Beach Community Development Corporation        1,200,000

Total $ 9,400,000

HR3221: The Housing andEconomic Recovery Act of 2008

slide8
NSP2 (Competitive Funds)

$2.0 billion in funding available nationwide

Prior to proposal development, DHCD convened an interchange of interested partners

DHCD collected the individual project plans, developed the proposal narrative, and submitted as the lead applicant

DHCD submitted an application for a consortium of 15 local partners for a total of approximately $40 million

NSP2 would follow similar requirements as the current NSP that is administered by DHCD

Announcements later this fall

The American Recoveryand Reinvestment Act of 2009

slide10
Homelessness Prevention and Rapid Re-HousingProgram (HPRP)

Part of American Recovery and Reinvestment Act

DHCD and 13 entitlements in Virginia received funds

DHCD received approximately $11.4 million

HPRP is focused on housing for homeless and at-risk households

Not a mortgage assistance program

The American Recoveryand Reinvestment Act of 2009

slide11
Homelessness Prevention and RapidRe-Housing Program (HPRP)

DHCD provided grants to 23 groups through a competitive application process

Two-year grants

Year 2 contingent on Year 1 performance

The American Recoveryand Reinvestment Act of 2009

hprp state grantees
Accomack-Northampton PDC – Accomack and Northampton Counties

Action in Community Through Service – Manassas, Manassas Park and Woodbridge; Prince William County

Appalachian Community Action & Development Agency – Norton; Lee, Scott, Wise and Tazewell Counties

Arlington County – Arlington County

Community Touch – Fauquier, Rappahannock, Orange, Madison and Culpeper Counties

Council of Community Services – Covington and Salem; Alleghany, Botetourt, Craig and Roanoke Counties

Hampton-Newport News Community Services Board – Newport News, Hampton, Williamsburg and Poquoson; York and James City Counties

Helping Overcome Poverty’s Existence, Inc – Galax, Marion and Wytheville; Bland, Carroll, Grayson, Smyth and Wythe Counties

HOPE Community Services Inc – Amelia, Buckingham, Cumberland, Lunenburg, Nottoway and Price Edward Counties

Improvement Association – Emporia; Sussex, Surry and Greenville Counties

Isle of Wight County Dept. of Social Services – Franklin; Isle of Wight and Southampton Counties

HPRP State Grantees
hprp grantees cont
Loudoun County Dept. of Family Services – Loudoun County

Lynchburg Community Action Group – Lynchburg and Bedford; Amherst, Appomattox, Bedford and Campbell Counties

Mercy House – Harrisonburg and Charlottesville; Albemarle, Greene and Rockingham Counties

New River Community Action Inc. – Radford; Floyd, Giles, Montgomery and Pulaski Counties

Northern Shenandoah Valley Regional Commission – Winchester; Clarke, Frederick, Page, Shenandoah and Warren Counties

People, Inc. – Bristol; Buchanan, Dickenson, Russell and Washington Counties

Reston Interfaith – Falls Church, Fairfax and Alexandria; Fairfax County

Suffolk Department of Social Services – Suffolk

Support to Eliminate Poverty Inc (STEP) – Martinsville and Danville; Franklin, Patrick, Henry and Pittsylvania Counties

Thurman Brisben Center – Fredericksburg; Caroline, King George, Spotsylvania and Stafford Counties

Total Action Against Poverty (TAP) – Buena Vista, Lexington, Staunton and Waynesboro; Rockbridge, Bath, Highland and August Counties

Virginia Supportive Housing – Petersburg, Hopewell and Colonial Heights; Dinwiddie, prince George, Charles City, New Kent, Hanover, Goochland and Powhatan Counties

HPRP Grantees cont.
slide14

The American Recoveryand Reinvestment Act of 2009

Homelessness Prevention and RapidRe-Housing Program (HPRP) – Funding Limits

the american recovery and reinvestment act of 2009
Virginia Weatherization Assistance Program

U.S. Department of Energy (DOE) initiated the Weatherization Assistance Program in 1976

DOE program focuses on reducing dependency on foreign oil and decreasing energy costs for low-income families while improving health and safety

On average, weatherization reduces home energy consumption by 32 percent

Annual cost savings of approximately $350 for a low- income family after weatherization

$94.1 million new funding for Virginia included in ARRA stimulus bill

The American Recoveryand Reinvestment Act of 2009
current weatherization delivery system
Weatherization assistance is provided regionally by 22 nonprofit organizations

Funds are allocated to providers based on the federal weatherization formula: low-income population, number of heating and cooling days, and residential energy expenditures by low-income households

Federal guidelines limit improvements to an average cost per unit

Historically, 1,500 to 2,200 homes are weatherized each year in Virginia

Current Weatherization Delivery System
weatherization eligibility
Eligibility is determined through an intake process

Clients must be income-eligible

Priority is given to elderly, disabled, households with children, households with high energy costs

Energy savings must be feasible within allowable costs

Weatherization Eligibility
current status of weatherization stimulus funding
DOE guidelines express preference for using existing network of service providers

Contracts for 50% of funding executed with 22 providers

Training initiatives under negotiation with New River Center for Energy Research and Training (NCERT) and Virginia Community College System

Working through compliance issues relative to Davis Bacon and historic preservation

Current Status of Weatherization Stimulus Funding
virginia foreclosure prevention task force
Created by Governor Kaine in November 2007

Collect and analyze data for Virginia

Identify and increase access to resources to minimize foreclosure

Recommend and support outreach, education and counseling that focus on foreclosure prevention

Review and make recommendations on legislative and regulatory changes at state level

Virginia Foreclosure Prevention Task Force
virginia foreclosure prevention task force21
Actively working for the past two years

Developed and launched outreach compaign – television, cable, radio and print in English and Spanish

Comprehensive foreclosure information website with tools and resources www.virginiaforeclosureprevention.com

Training for foreclosure prevention counselors – 341 new counselors statewide

Virginia Foreclosure Prevention Task Force
virginia foreclosure prevention task force22
Hosted five Education and Outreach Mortgage Clinics for distressed borrowers – 900 participants

Conducted two Community Impact Forums for local government officials and community leaders

Hosted a Community Impact Summit to review foreclosure prevention strategies -150 participants

Governor’s Housing Forum for Governor to hear concerns and proposed strategies – 300 participants

Virginia Foreclosure Prevention Task Force
virginia foreclosure prevention task force23
Helped facilitate passage of SB 797 in 2008 to provide more time for workout options for eligible home owners facing foreclosure

Supported consumer protection legislation (HB 408) and regulatory changes related to mortgage brokers (HB 1487)

Following federal legislation focused on regulatory changes in housing finance, foreclosure and mitigation of impacts

Virginia Foreclosure Prevention Task Force
housing counseling grants
FY 09 - $250,000 from state general fund, matched by $250,000 from VHDA

Eleven organizations received funds to provide certified foreclosure prevention services

1,916 households received foreclosure prevention services through these grants

Housing Counseling Grants
housing counseling grants25
FY 10 - $250,000 from state general fund, matched by $250,000 from VHDA with $50,000 from Attorney General’s Office as a result of a mortgage related settlement

Twelve organizations received grants to provide certified foreclosure prevention services

Housing Counseling Grants