slide1 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
California Department of Housing and Community Development Chris Westlake – Deputy Director for Financial Assistance PowerPoint Presentation
Download Presentation
California Department of Housing and Community Development Chris Westlake – Deputy Director for Financial Assistance

Loading in 2 Seconds...

play fullscreen
1 / 41

California Department of Housing and Community Development Chris Westlake – Deputy Director for Financial Assistance - PowerPoint PPT Presentation


  • 94 Views
  • Uploaded on

Emergency Housing and Assistance Program Capital Development (EHAPCD) NOFA & Application Workshop 2010-2011. California Department of Housing and Community Development Chris Westlake – Deputy Director for Financial Assistance. Welcome and Thank You for Attending!. Meet EHAPCD staff

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'California Department of Housing and Community Development Chris Westlake – Deputy Director for Financial Assistance' - ozzie


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Emergency Housing and Assistance Program

Capital Development (EHAPCD)

NOFA & Application Workshop

2010-2011

California Department of Housing and Community Development

Chris Westlake – Deputy Director for Financial Assistance

welcome and thank you for attending
Welcome and Thank You for Attending!
  • Meet EHAPCD staff
  • House Keeping
    • Restroom Locations
    • Cell phone courtesy
  • Technical Assistance is Available
ehapcd webpage
EHAPCD Webpage
  • Webpage Enhancements in process; check often for updated material
  • www.hcd.ca.gov/fa/ehap/ehap-capdev.html
40 000 000
$40,000,000
  • Urban $32,000,000 (80%)
  • Non Urban $8,000,000 (20%)

___________________________________

    • No EHAPCD funds if prior EHAPCD loan or loan commitment for same activity and/or scope of work.
ehapcd hot topics
EHAPCD HOT TOPICS
  • Identifying all Funding Sources
  • Appraisal Requirements
  • Timing of Activity vs. Reimbursement of EHAPCD Funds
  • Communication with EHAPCD staff
  • Incomplete Applications are subject to disqualification
slide6
Applicant requests for EHAPCD funds must be deemed an efficient and effective use for qualified activities
eligibility use of funds
Eligibility & Use of Funds
  • EHAPCD funds are forgivable, deferred loans to eligible local government agencies or non profit corporations that house homeless persons
  • Multiple applications are allowed however the total requested amount, per applicant, cannot exceed $1,000,000 per county
eligibility use of funds cont
Eligibility & Use of Funds(cont.)
  • Acquisition – NO SUPPLANTING
    • Existing structure
    • Existing structure with rehabilitation
    • Modular structures/units
  • Site Acquisition
    • Land purchase with new construction of a qualified homeless housing facility
eligibility use of funds cont9
Eligibility & Use of Funds(cont.)
  • Rehabilitation
    • Preserve/create a qualified homeless housing facility; costs related to demolition, lead-based paint & asbestos reports and remediation of hazards pursuant to the Health & Safety Code, Sections 17920 - 17928
  • ADA accessibility improvements may be eligible
eligibility use of funds cont10
Eligibility & Use of Funds(cont.)
  • New Construction (including)
    • Project related planning and engineering fees
    • Environmental reports & remediation
    • Application attachments #11 & #12 should match
  • Staff Administrative Cost
    • Not to exceed 5% of EHAPCD Loan
    • Term of the Standard Agreement only
administrative costs cont
Administrative Costs (cont.)
  • Applicant Employees & overhead cost associated with the project - ok
  • Back-up Documentation is required
    • Staff Hours – (Independent Contractors are not considered applicant employees/not administrative cost)
  • Faxing
  • Fed Ex, UPS, etc.
  • Office costs
  • Travel to Workshop – only after an EHAPCD Standard Agreement has been executed
eligibility use of funds cont12
Eligibility & Use of Funds(cont.)
  • Other eligible costs may include documented costs for fees of a project specific Development Consultant; but no prior reimbursement allowed
  • ALL COSTS FUNDED BY EHAPCD MUST OCCUR ON OR AFTER THE EXECUTION DATE OF THE STANDARD AGREEMENT!
ineligible use of funds
Ineligible Use of Funds
  • Equipment not under permit or not built in
    • Personal vs. real property; beds, household refrigerators, stoves
  • Other ineligible costs include:
    • Recreational equipment
    • Landscaping
    • Walls and Fences
    • Parking lots
    • Off-Site improvements
site control a must with application submission or application considered ineligible
Site Control a Mustwith Application submission or Application considered Ineligible
  • Fee Title
  • Legally enforceable Purchase Agreement
  • Lease Option to Purchase
  • Legally enforceable Lease or Option to Lease
  • Sub-leasehold interest in property is not acceptable
local zoning approval
Local Zoning Approval
  • Evidence of Permissive Zoning from Local Planning Department;
  • Conditional Use Permit (CUP); and/or
  • Current Zoning request status from Local Planning Department
loan terms conditions
Loan Terms & Conditions
  • Acquisition Only……………………10 years

from date Regulatory Agreement is recorded

FOR ALL THE FOLLOWING ACTIVITIES:

*Loan term starts the date that either the Certificate of Occupancy is issued or the date the Notice of Completion is recorded.

loan terms conditions cont
Loan Terms & Conditions(cont.)
  • *New Construction or Acquisition

with Rehabilitation………………………10 years

  • *Substantial Rehabilitation

(Loans $25,000 or more)…………………….......7 years

  • *Minor Rehabilitation(less than $25,000)……5 years
  • **NEW - Proposed Regulation Change**
    • Commencement & Completion term
rent requirements
Rent Requirements
  • Two options for maximum rents to be charged – may not exceed the highest of the two:
    • 30% adjusted family income, as defined in the HUD guidelines
    • 10% of the family’s monthly gross income
relocation requirements cannot be paid with ehapcd funds
Relocation Requirements(CANNOT BE PAID WITH EHAPCD FUNDS)
  • Uniform Relocation Act (URA) of 1970
        • www.HUD.gov/offices/cpd/affordable housing/training/web/relocation/overview.cfm
        • (Handbook 1378)
  • Initiations Of Negotiations (ION) = Trigger
  • General Information Notice (GIN)
  • “Eligibility” for relocation benefits are triggered by the ION and are paid when a tenant must permanently vacate their unit, or when the rent is increased above 30% of their gross monthly income
relocation requirements cont plan budget save
Relocation Requirements(cont.)PLAN + BUDGET = SAVE $
  • Plan, research comparables, moving expenses & budget the costs on the Sources & Uses form (Attachment #12)
  • 42 months of Relocation assistance is required
    • (calculation is based on current rent and projected rent from comparable units that have been located and presented to tenant)
relocation comparable units
Relocation COMPARABLE UNITS
  • Decent, Safe and Sanitary
  • Units must be currently available –

for each tenant

  • Same square footage or more
  • Within approximate same distance from schools, work, etc.
  • Must be “comparable”
what you can do
WHAT YOU CAN DO
  • Prepare all required notices on time
    • GIN, Notice of Eligibility, 90 & 30 day, & Move In notices
  • Communicate with tenants & landlords
  • Keep accurate records of all tenant communications, signed notices, work numbers & emergency numbers
  • Call EHAPCD representative or a relocation specialist when needed
use ehapcd funds for americans with disabilities
Use EHAPCD funds for Americans with Disabilities
  • Acceptable evidence of ADA compliance is required –
    • check with local Planning Department
  • If remedial work is needed – include the cost on Attachment #12 of the EHAPCD Application
property inspection requirements
Property Inspection Requirements
  • Purchasing and/or Rehabilitating an existing structure
  • Report performed by a qualified licensed professional
  • Report shall include current condition of the improvements and a detailed summary of the repairs needed to establish and/or maintain satisfactory condition
appraisal requirements
Appraisal Requirements
  • Report MUST be dated within 12 months prior to close of the EHAPCD loan
  • Unrestricted, Market Value
  • Unrestricted “As-Is” & “As-Completed” Market Value
  • “As-Is” & “As-Completed” Broker’s Price Opinion (with 3 comparables)
  • 3 Comparables for Leasehold Title
  • Market Value = highest & best use + any senior debt
funding commitments
Funding Commitments
  • Must have firm commitments

(No proof - No loan doc’s)

  • Must have copy of other Lender's loan terms (i.e. Promissory Note(s), Deed(s)

of Trust, Regulatory Agreement(s))

  • Funding Position of all Lenders
environmental requirements
Environmental Requirements
  • CEQA (California Environmental Quality Act)
  • Phase I Report – must be less than 5 years old at EHAPCD Application submission
  • Asbestos & Lead-Based Paint – required for projects built prior to 1978
    • Licensed Professionals must be used
  • California Historic Building Code (CHBC)
preliminary title report
Preliminary Title Report
  • Must be current at EHAPCD Application submission
  • Additional reports as needed
  • Address must match address on Application
    • Make sure correct name(s) are listed as legal owners
    • Property profile is not permissible
insurance requirements
Insurance Requirements
  • HCD must be named as Loss Payee
    • Include EHAPCD Loan number & project address for all applicable policies
  • Amount of coverage = replacement cost
new construction rehabilitation requirements
New Construction/Rehabilitation Requirements
  • Competitive Bidding Process
  • *NEW*

EHAPCD Bid Procedure Guidelines

    • “RESPONSIBLE BIDDER”
    • State License & Bonds
    • AIA101 – 2007 & Addendum
    • State Prevailing Wage – Yes or No?
application packaging submittal
Application Packaging & Submittal
  • 1 Original & 1 Copy per project site
  • Submit required documentation and Attachments for eligibility and maximum points
  • THURSDAY, JULY 15, 2010

5:00 P.M. Pacific Daylight Savings Time

    • No faxed or emailed applications accepted! Receipt of applications is not based on postmark date.
    • Must be in HCD by due date 7/15/2010
rating ranking criteria see pages 16 18 in the nofa
Rating & Ranking Criteriasee pages 16-18 in the NOFA
  • 1,000 Points maximum
    • Applicant Capability
    • Impact & Effectiveness
    • Cost Efficiency
    • DLB or Statewide Priority
loan grant committee
Loan & Grant Committee
  • Recommended for approval
  • Exempt Applications
    • Criteria #1
    • Criteria #2
  • “Tabled or Denied” Applications
  • Director’s final approval = Award Letter
standard agreement disbursement procedures
Standard Agreement & Disbursement Procedures
  • Proposed changes to the project are subject to HCD review & approval
  • Print, Sign & return 5 copies (STD213)
  • Loan Closing Checklist
  • Requests for Funds
  • 10% Retention & ALTA Rewrite Policy
loan documents
Loan Documents
  • Loan Documents
    • Regulatory Agreement
    • Deed of Trust
    • Promissory Note
    • Development Agreement
    • Corporate Certificate
    • Subordination Agreement
    • Request for Notice of Default
semi annual report
Semi Annual Report
  • Reporting begins 6 months after the Standard Agreement execution date
  • Required prior to funding, if applicable
close out reports
Close Out Reports
  • Submit with FINAL Funds Request

All 4 Semi – Annual Reports

should have been

submitted by this time

annual reports
Annual Reports

Standard Agreement Expiration Anniversary

VS.

January - December