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2014 CDBG Applicants' Workshop Georgia Department of Community Affairs CDBG Economic Development REDEVELOPMENT FUND.

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Presentation on theme: "2014 CDBG Applicants' Workshop Georgia Department of Community Affairs CDBG Economic Development REDEVELOPMENT FUND."— Presentation transcript:

1 2014 CDBG Applicants' Workshop Georgia Department of Community Affairs CDBG Economic Development REDEVELOPMENT FUND

2 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Eligible CDBG-RDF Activities Activities that are eligible under the Housing and Community Development Act of 1974, as amended, and the HUD implementing regulations applicable to the State CDBG Program are eligible for funding under this special redevelopment set- aside. For housing and public facilities projects, the minimum benefit to low- and moderate income persons is 70 percent. Projects that will result in job creation or retention or those that benefit to clientele must insure that at least 51 percent of the benefit is made available to low- and moderate-

3 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 RDF Categories Eligible activities must meet one of the following criteria: Prevent or eliminate slums and blight on an “area basis”; Prevent or eliminate slums and blight on an “spot basis”; or Be in an urban renewal area.

4 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Spot Basis Spot Basis eligible activities: Acquisition Clearance Relocation, Historic preservation Building rehabilitation activities which eliminate specific conditions of blight or physical decay on a spot basis that may not be located in a slum or blighted area.

5 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Spot Basis Spot Basis eligible activities: Under this standard, the activity is limited to the extent necessary to eliminate specific conditions detrimental to the public health and safety. Examples include: elimination of faulty wiring, falling plaster, or other similar conditions which are detrimental to all potential occupants; historic preservation of a public facility; and demolition of a vacant, deteriorated building

6 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Area Basis The area, delineated by a unit of local government, meets a definition of a blighted, deteriorated, deteriorating, or slum area under state or local law; Throughout the area there is a substantial number of deteriorating buildings or the public improvements are in a general state of deterioration;

7 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Area Basis The assisted activities address one or more of the conditions which contributed to the deterioration of the area; and The local government keeps records sufficient to document its finding that a project meets the National Objective of elimination or prevention of slums and blight.

8 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 REDEVELOPMENT FUND Eligible Activities: Projects must alleviate a “slum or blighted” condition ▪Grants - Public infrastructure, public facilities ▪Loans - to acquire and alleviate blighted buildings/facilities Loan/lease payments may capitalize or be placed into a local RLF Any new jobs must be available to low- and moderate-income persons

9 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Ineligible CDBG-RDF Activities Machinery and Equipment (HVAC systems) Working Capital Refinancing Speculative Projects Capacity Building General Conduct of Government Project Not Meeting Federal Guidelines Using Federal Funds to relocate businesses (There are Restrictions)

10 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Samples of RDF Eligible Activities Acquisition and clearance of blighted property; Renovation and reuse of abandoned historical buildings; Commercial revitalization through façade improvements (grant/loan); Removal of environmental contaminants on property to enable it to be redeveloped for a specific use.

11 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Samples of RDF Eligible Activities Spot Basis Façade improvements with restrictions Building rehabilitation with restrictions Removal of environmental contaminants Demolition Building acquisition Pedestrian walk way with restrictions Area Basis Façade improvements Building rehabilitation Removal of environmental contaminants Demolition and construction Building acquisition Pedestrian walk way

12 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Successful Spot Basis Projects City of West Point – West Point 2100 City of Baldwin – The Baldwin Lofts

13 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Successful Area Base Projects City of Thomasville - Victoria Place

14 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Things to Remember Identify your project on “Spot Basis” or “Area Basis” Verify that your activities are eligible Document need, costs and support of organizations, banks & businesses Debt – credit underwriting and terms

15 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 Program Manager Contacts Nyanza Duplessis –Redevelopment (404) Michael Casper – Local RLF Coordinator (404)

16 Page CDBG Applicants' Workshop Community Finance Division December 11-12, 2013 ED Representative Contacts Jennifer Fordham – Southeast Georgia (912) Kelly Lane – South Georgia (229) John VanBrunt – Northeast Georgia (404) Tonya Mole – Southwest Georgia (404) Patrick Vickers – Northwest Georgia (404) Glenn Misner – Field Services Office Manager (404)


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