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Potential HUD Funding Opportunities William G. Vasquez Director Office of Community Planning and Development (CPD) Los Angeles Field Office.

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Presentation on theme: "Potential HUD Funding Opportunities William G. Vasquez Director Office of Community Planning and Development (CPD) Los Angeles Field Office."— Presentation transcript:

1 Potential HUD Funding Opportunities William G. Vasquez Director Office of Community Planning and Development (CPD) Los Angeles Field Office

2 CPD Funding Opportunities for Non-profit Developers Greetings HUD - CPD Mission Overview of CPD Programs ◦ Formula/Entitlement ◦ Competitive ◦ Stimulus

3 Our Mission Increase homeownership Support community development Increase access to affordable housing free from discrimination

4 The Formula Programs 4 formula/entitlement programs: CDBG, HOME, ESG, HOPWA Funds awarded based on statistical variables Amount determined by degree of variable and annual HUD budget

5 CDBG Community Development Block Grant Program ◦ CPDs flagship program ◦ Bricks & mortar ◦ Social services ◦ Economic development Activities must benefit AMI

6 CDBG-CttT Funds vary by locality Funds & activities controlled by local discretion Acquisition/Rehabilitation OK New housing construction eligible by CBDO only Rental subsidies ineligible

7 HOME HOME Investment Partnerships Act Program [HOME is not an acronym] Housing ◦ Build ◦ Own ◦ Rehabilitate ◦ Tenant-based rental assistance

8 ESG Emergency Shelter Grant Program ◦ Outreach ◦ Short term housing assistance ◦ Rehabilitation & operation of shelters

9 HOPWA Housing Opportunities for Persons with AIDS Housing and related services

10 Competitive Programs Special Needs Assistance Programs Awarded by competitive criteria published in annual notice 3 primary programs ◦ SHP – Supportive Housing Program ◦ S+C – Shelter Plus Care ◦ SRO Mod Rehab

11 SNAPs cont’d All must serve homeless persons Lengths of stay depends on program Can: ◦ Provide services ◦ Permanent or transitional housing ◦ project or tenant based ◦ Target specific populations

12 SNAPs/SRO Mod Rehab [CttT] 10 yr Rental subsidies for SRO units Some rehab compensated for in subsidy HUD contracts w/local PHA [who contracts w/private landlady] HUD pays difference between tenant rent [30% of income] and unit FMR + adjustment for rehab

13 Stimulus HUD Neighborhood Stabilization Program ◦ Formula & competitive programs Homeless Prevention and Rapid Re- Housing CDBG-R

14 Recovery Grantees/Funding ProgramNumber of GranteesFunding Level CDBG-R103$79,860,258 HPRP51$101,082,423 NSP29$79,970,328

15 NSP 1 [formula] & 2 [comp] Works with inventories of foreclosed on homes Competitive program same, opens competition up to non-profit organizations

16 The 5 NSP Activities ◦ A. Financing mechanisms for purchase & redevelopment of foreclosed residential properties ◦ B. Buy & rehab residential properties abandoned/foreclosed, to sell, rent, or redevelop [acquisition, disposition, relocation, direct ownership assistance, rehabilitation, counseling];

17 Five activities cont’d.  C. Land banks for homes foreclosed on [hold up to 10 years/or until reentry into market “on their own”; can maintain properties {responsibly, but frugally}]; D. Demolish blighted structures; and  E. Redevelop demolished or vacant properties [includes acquisition, disposition, public facilities; new construction, relocation].

18 NSP - CttT Any of the 5 activities can work for the non-prof development community NSP requires 25% of given allocation to reach those at or below 50% AMI ◦ Niche market for developers ◦ City’s will be challenged to meet req ◦ Timing & coordination issues ◦ Existing pipeline projects

19 HPRP A] Rental assistance no> 18 mos B] Relocation & stabilization services C] Data collection/evaluation D] Administrative costs All to those homeless or at risk of becoming homeless

20 CDBG-R CDBG-R: similar to CDBG program but necessary nexus between activity and economic crisis & recovery

21 CDBG-R - CttT Similar to CDBG, but Additional constraints ◦ Short expenditure time-frames ◦ City’s in a hurry to both ID projects and spend funds ◦ Cannot wait pending other agency decisions on applications ◦ All funds must be spent by 9/2012

22 Tips ◦ No council support, no project ◦ No project ever at any time in some areas ◦ HUD funds are the crucial source of “other funding sources” as others don’t exist Information out there, hard to get to Must know local government structure and players


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