1. Combining Wx with other Federal Programs Indiana Housing and Community Development Authority J. Jacob Sipe

2. IHCDA HOME OOR 2004 Created the HOME Owner-Occupied Rehabilitation Pilot Program Build upon the success of the Wx Program Partnership between FSSA & IHCDA Comprehensive OOR Rehab Utilize the CAA Network to ensure statewide coverage Allocation Method: Non-competitive formula allocation

3. IHCDA HOME OOR 2004 Allocated $5 million in HOME Investment Partnership Funds to 24 CAAs Eligible Beneficiaries Elderly Persons with Disabilities Families with Children under 6

4. IHCDA HOME OOR Eligible Properties Owner-Occupied – Single Family Homes Fee Simple Title 99-year lease hold Condominium unit Manufactured Home

5. IHCDA HOME OOR Use IHCDA Rehabilitation Standards At completion, home must meet stricter of Indiana State Building Code or local rehabilitation standards Can use CAA staff or competitively procure contractors

6. IHCDA HOME OOR Subsidy Limitations $25,000 per unit Modifications on a case by case basis to exceed the subsidy limitations Minimum amount of $1,000 per unit

7. IHCDA HOME OOR Affordability Requirements Below $25,000/unit = 3 years Over $25,000/unit (with prior IHCDA approval) = 5 years No Match Requirement

8. IHCDA HOME OOR If Grant to Beneficiary Recorded, restrictive covenant Permanent place of residency Maintain adequate homeowner insurance Resell to another low income household Forgiven upon death

9. IHCDA HOME OOR If Loan to Beneficiary Subject to recapture agreement Recapture prorata amount of net proceeds Must use title company for loan closing Must record all legal documents

10. IHCDA HOME OOR Eligible Rehabilitation Costs Hard costs associated with rehabilitation activities Accessibility modifications Lead-based paint interim controls and abatement costs Utility connections including off-site connections from the property line to the adjacent street Related infrastructure costs

11. IHCDA HOME OOR 2004 Results $3,376,675 drawn $1,623,325 de-obligated 137 Units Completed (204 units were anticipated) Challenges CAA with limited HOME experience & IHCDA procedures Award Term only 12 months Determining the right home to rehab

12. IHCDA HOME OOR Before

13. IHCDA HOME OOR After

14. IHCDA HOME OOR Wx Items 90+furnace  OOR Items New vinyl replacement windows – wrapped sills & casing w/alum Tear off 4 layers of shingles, resheet, new shingles Replaced porch post (LBP hazard) New vinyl siding, soffit, & fascia New seamless gutters Parged the brick foundation Installed new back porch Installed walk to driveway (tripping hazard)

15. HOME OOR Sources of Funds $2,500 from Vectren Gas Wx Program $7,000 from USDA Rural Development $28,419 from IHCDA HOME OOR ($3,419 waiver to exceed the $25,000 cap)

16. IHCDA HOME OOR 2006 Awarded $3 million in HOME Allocated: $2,705,798 # units rehabbed: 111 Awarded $2 million in IHCDA Funds Allocated: $1,795,822 # units rehabbed: 125

17. IHCDA HOME OOR Changes to the Pilot Program in 2006 18 month Award w/bench marks at 12 months De-ob & Reallocate (7 agencies de-obligated & 4 reallocated ) On-site Trainings – work write-ups, historic review

18. IHCDA HOME OOR 2007 HOME Allocation $3 million IHCDA Allocation $2 million 6 Sub-Recipients