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Homeowner Homebuyer Operating Rental 1.  $5,500,000 (including NAHTF & HOME funds) will be available within DED’s Annual Cycle.  Includes $360,000 for.

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Presentation on theme: "Homeowner Homebuyer Operating Rental 1.  $5,500,000 (including NAHTF & HOME funds) will be available within DED’s Annual Cycle.  Includes $360,000 for."— Presentation transcript:

1 Homeowner Homebuyer Operating Rental 1

2  $5,500,000 (including NAHTF & HOME funds) will be available within DED’s Annual Cycle.  Includes $360,000 for the Non-Profit Operating Assistance applications & $5,140,000 for other applications  After the highest scoring project in each investment zone has been designated, the remaining funds will be available statewide.  Any funds not utilized for Non-Profit Operating Assistance will be reallocated within Annual Cycle Pool. 2

3  Homebuyer (downpayment, downpayment w/ rehab., purchase-rehab-resale, new construction, etc.) and others are listed on pg. 2-5  Operating  CDBG: Owner-Occupied Rehab.  Rental (new construction, acquisition and/or rehab.) 3

4 2013 Application Guidelines -info/documentslibrary-a-forms/trust-fund 4

5 Annual Cycle Required Pre- Application: March 8, 2013 Homebuyer, Operating, Rental Full Applications: April 30, 2013 CDBG OOR Required Pre- Application: May 31, 2013 Owner-Occupied Rehab Full Applications: July 19,

6 Pre-Application & Threshold Deadline: ed to Anissa Rasmussen or delivered to the Nebraska State Office Building, 4 th Floor, with a signed receipt from DED staff by 5:00 PM CST. Postmark date will not be accepted. Full Application Deadline: Application must be postmarked by, or delivered to the Nebraska State Office Building, 4 th Floor, with a signed receipt from DED staff by 5:00 PM CST. 6

7 I. Demonstrates Desired Results a)Pre-Application b) Threshold Questions c)Program Guidelines and Reuse Plan d)Program Guidelines Additional Points II. Probability of Producing Desired Results a)Capacity & Feasibility 7

8 I. Demonstrates Desired Results a)Pre-Application b) Threshold Questions c)Program Guidelines and Reuse Plan d)Program Guidelines Additional Points II. Probability of Producing Desired Results a)Capacity & Feasibility III. Community Need Factors a) CNF Score 8

9 I. Demonstrates Desired Results a)Pre-Application b) Threshold Questions II. Probability of Producing Desired Results a)Capacity & Feasibility 9

10  The Pre-Application includes:  Part I, General Information  Part II, Funding Summary  Part III, Proposed Project Budget  One-page project summary 10

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17  Failure of the Application to meet all of the threshold requirements (Scoring 55 points within the Pre-Application & Threshold Questions Sections) will result in the Application not being funded during the 2013 NAHP Cycles.  In addition, within the Annual & CDBG Cycles failure of the Applicant to score 130 total points on the final application will result in the Application not being funded during the 2013 NAHP Cycles. 17

18  Additionally, within the Non-Profit Operating Pool, failure of the Applicant to score 50% of the total points on the final application will result in the Application not being funded during the 2013 NAHP Cycle.  The Application questions are locked. Altering the questions in any way, may result in a 20 point scoring deduction. 18

19  Demolition can be included with any eligible activity and it doesn’t have to be on the same site with the other activity.  For CDBG OOR projects, ONLY local units of government classified as a municipality (i.e. City or Village) are eligible to apply. No county wide project. 19

20  Homebuyer is $500,000  Non-Profit Operating is $30,000 per year for two years ($60,000 total)  OOR is $500,000  CDBG OOR is $500,000  Rental is $800,000 20

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22 I. Demonstrates Desired Results a) Pre-Application 1.Was the Pre-Application (including Part I, Part II, Part III, and One Page Project Summary) submitted to DED by the required due date? Yes 5 pts No 0 pts 22 Pre-Application Question

23 b) Threshold Questions 2. Is the Applicant an eligible applicant as defined on Page 4-1 which includes: Local or regional non-profit 501(c)(3) or 501(c)(4) housing or related service organizations; Local units of government; Public Housing Authorities; State- designated Community Housing Development Organizations (CHDO)? Yes 10 pts No 0 pts 3. Applicant has achieved the required percentages by the application due date, of State CDBG funds drawn down for prior State CDBG projects. All CDBG awards will be reviewed including those within the housing program (this requirement excludes Comprehensive Revitalization, Downtown Revitalization, Economic Development, Planning, and Tourism Development). CDBG 2011 Award Drawn Down 90% CDBG 2010 & Prior Award Drawn Down 100% The percentage for funds drawn down shall be figured by DED based on the final application acceptance date, except for applicants awarded funds after the initial award date in which funds drawn down shall be based on the proportionate number of months that have lapsed since the initial grant award. (Exhibit 101) Yes 10 pts No 0 pts NA 10 pts 23

24 4. Applicant has achieved the required percentages, by the application due date, of State HOME and NAHTF funds drawn down for prior NAHP-funded Housing projects for the same activity applied for during the 2013 Application Cycle. Open HOME and NAHTF Awards: All projects, for the same activity applied for, that have been open for more than 18 months since Release of Funds must have expended 50% of the funds & Prior HOME and NAHTF Awards 100% drawn down (Exhibit 101) Yes 10 pts No 0 pts NA 10 pts 5.Applicant has achieved the required percentages, by the application due date, of State HOME and NAHTF funds drawn down for any prior NAHP-funded Housing project for a different housing activity. Open HOME and NAHTF Awards: All projects, for different housing activities, that have been open for more than 18 months since Release of Funds must have expended 25% of the funds & Prior HOME and NAHTF Awards 100% drawn down. (Exhibit 101) Yes 10 pts No 0 pts NA 10 pts 24

25 6.Was the full application (including all required exhibits and attachments) submitted to DED by the required due date? Yes 10 pts No 0 pts TOTAL POINTS POSSIBLE (Pre-Application and Threshold Questions) – 55 points *Failure of the Application to meet all of the threshold requirements (Pre-Application & Threshold Questions) will result in the Application not being funded during the 2013 NAHP Cycle. C) Program Guidelines and Reuse Plan Note: Each program guideline and reuse plan item has a point associated with it. Please cite the page # and each item. The Program Guidelines meeting all requirements and are board approved also have points associated with it in Chapters of which this applies. (Ex. Pg. 4-15) 25

26 d) Program Guidelines Additional Points Additional information within the Applicant’s Program Guidelines may include the following information. Additional Points will only be awarded if the Applicant makes the terms available to all low income applicants applying for the Applicant’s program and incorporates any of the items below selected for the project into the Applicant’s Program Guidelines. Please list the page number and paragraph location on the far right column to identify where all sections below are located. 10. The following additional requirements are included:YesNo Page # & Section Cite Below a) Forgivable loans to all eligible applicants. [Specify the terms in which the loans will be forgiven. Include the period in which loans will be forgiven and any additional requirements.] Yes 10 pts No 0 pts b) Underwriting criteria that provides for no more than 30% of homebuyer’s income used to pay for the cost of their housing. 10 pts0 pts 26

27 d) Cont. Program Guidelines Additional Points 27

28 II. Probability of Producing Desired Results b) Capacity & Feasibility 12. Does the proposed project provide a solution to a community need or priority? a)The answer should be specific to the type of project proposed. b)Describe how the need was determined for the community and/or region. c)Describe the clearly defined, systematic, and inclusive public participation process, and the extent of public involvement, used to identify and address community needs and allocate resources. d)Statistical data should be cited to support the proposed project. e)Any independent source identified must be cited and included in the application. (Exhibit 102) Yes 10 pts No 0 pts 13. Describe the degree to which the proposed project accomplishments will reduce or eliminate the need(s) in the project area and describe any plans to address remaining need(s). Yes 10 pts No 0 pts 28

29 15. Is the project located within close proximity to significant employment opportunities? a) List the top five (5) major employers within 50 miles of the units. b) List the number of employees per employer. c) Provide an overall summary that describes the employment opportunities available in the project area. Yes 10 pts No 0 pts 19. Is there an actual financial commitment of matching funds in the project? This commitment will be defined as “Other Funds” in the Part II Funding Summary and will be included in the Contract. These funds must be committed at the time of application. NOTE: Matching funds do not include mortgages that may be obtained by the low income applicants or any investment required of, or received from the low income applicant. 10% or greater of total project costs—15 points % of total project costs—10 points % of total project costs—5 points Less than 3% of total project cost—0 points (Exhibit 104) Yes ___ pts No 0 pts 29

30 20. Are there any additional matching contributions that will be incorporated into the project? This commitment would not be defined as “Other Funds” in the Part II Funding Summary, but could include in-kind contributions (i.e. donations, office supplies, staff hours, volunteer hours, equipment) and will not be included in the Contract. A description of these activities must be tentatively committed at the time of application and should be quantifiable in a dollar amount. 3% or greater of total project costs—10 points % of total project costs—5 points Less than 1% of total project cost—0 points (Exhibit 104) Yes ___ pts No 0 pts 22. Will the project be completed with significant collaboration with other organizations? a)Identify the other organizations involved in the project. Describe each organizations role in making the project a success. b)Provide commitment letters from those organizations that will be participating in the project development. c)Provide letters of interest from those organizations that may participate in the project development. (Exhibit 106) Significant collaboration with firm commitment 10 pts Significant collaboration with no firm commitment 5 pts No 0 pts 30

31 27. Has the Applicant obtained a Management Letter and provided a response to the Management Letter from the Applicant’s most recent audit? Submit copies of the Management Letter and the response to the Management Letter from your most recent annual CPA Audit. (Exhibit 107) Yes 5 pts No 0 pts 31

32 Chapter 6 OOR & Chapter 7 CDBG OOR II. Probability of Producing Desired Results b) Capacity & Feasibility 28. Has the Applicant identified potential contractors for the project? a) Provide a list of those contractors identified within the area that may be available. b) Provide letters of commitment from interested contractors. c) Provide letters of interest from interested contractors. (Exhibit 108) Yes 9 pts No 0 pts 32

33 Budget Calculator for OOR projects 33

34 Chapter 7 CDBG OOR III. Community Need Factors a) CNF Score 34

35 Additional Exhibits 35 If applicable to Part V., please include the following exhibits noted below. Clearly identify each exhibit number in the top right and bottom right of each page of the exhibit. EXHIBIT 101: Open grants information spreadsheet at: Exhibit 102: Proposed activity documentation (Include supplemental information in answering Question 12 of the Application.) Exhibit 103: Breakdown of project costs (Include detailed supplemental information in answering Question 16 of the Application.) Exhibit 104: Financial commitment documentation, if applicable. (Include supplemental information describing Actual Financial Commitments and Additional Matching Contributions as noted in Questions 19 and 20 of the Application.) Exhibit 105: Include copies of the Bank Line of Credit or the Bank Letter of Credit, if applicable. (Include supplemental information in answering Question 21 of the Application.) Exhibit 106: Collaboration documentation, if applicable. (Include supplemental information in answering Question 22 of the Application.) Exhibit 107: Audit documentation, if applicable. (Include supplemental information in answering Question 27 of the Application.)

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