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Department of Housing and Community Development Stakeholder Forum: PADD/DFD Joint Solicitation Process Department of Housing and Community Development.

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Presentation on theme: "Department of Housing and Community Development Stakeholder Forum: PADD/DFD Joint Solicitation Process Department of Housing and Community Development."— Presentation transcript:

1 Department of Housing and Community Development Stakeholder Forum: PADD/DFD Joint Solicitation Process Department of Housing and Community Development WELCOME June 11,

2 Department of Housing and Community Development Michael Kelly Director D.C. Department of Housing and Community Development Department of Housing and Community Development 2

3 Nathan Simms Deputy Director D.C. Department of Housing and Community Development Department of Housing and Community Development 3

4 P ROPERTY A CQUISITION AND D ISPOSITION D IVISION Acquires vacant, abandoned and deteriorated properties and disposes of them by selling the properties to be rehabilitated into high quality affordable and market- rate housing for residents of the District of Columbia. Current Inventory: 128 Lots 26 Buildings Upcoming Property Dispositions: July & Sept-Oct 2014; Multiple Properties K ARANJA S LAUGHTER, D IVISION M ANAGER

5 Department of Housing and Community Development D EVELOPMENT F INANCE D IVISION Funding Source: Funding Opportunities: Request for Proposals July 2, 2014 Provides gap funding for the development of affordable rental units, homeownership units and community facilities for residents of the District of Columbia. O KE A NYAEGBUNAM, D IVISION M ANAGER 5

6 Department of Housing and Community Development Karanja Slaughter PADD Division Manager D.C. Department of Housing and Community Development Department of Housing and Community Development 6

7 N EW P ROCESS : O BJECTIVE PADD and DFD will conduct joint solicitations with the goal of eliminating a redundant and less responsive application, review and award process.

8 Department of Housing and Community Development P ROCESS C HANGES PADD Solicitation and DFD RFP Issued Simultaneously Joint PADD / DFD Review Panel DFD Preliminary Underwriting Awardee Initiates Permit Drawing Set Creation Joint PADD / DFD Closing

9 Department of Housing and Community Development SHOW PROCESS MAP HERE 9

10 Department of Housing and Community Development P ROCESS C HANGE T IMELINE I MPROVEMENT Estimated One Year Timeline Issuance to Closing Previous Issuance to Closing Timeline Two-Three Years – DFD financed Net One-Two Year Improvement Issuance to Closing

11 Department of Housing and Community Development P ROCESS I MPROVEMENT B ENEFITS 1) More effectively combat blight 2) More effectively increase the affordable housing supply 3) Better facilitate the Mayor’s 10X20 goal 4) Increase the success rate of projects by decreasing development timeline 5) Eliminate proposal-funding conflicts from the onset 11

12 Department of Housing and Community Development C URRENT I NVENTORY O VERVIEW 154 Total Properties 26 Buildings & 128 Lots 58 Properties Pending Disposition – Phase I & II 17 Properties Pending Disposition – Winter Properties Planned Turnkey (subdivided lots) 18 Scattered Sites Remaining –Art space, green space, urban agriculture, inter-agency transfer targets, under negotiation for disposition

13 Department of Housing and Community Development F UTURE A CTIVITIES : T URNKEY P ROJECTS (FY14-15) 58th & Dix NE 1328 W St SE (DGS) rehab 1328 W St SE (DGS) development 36th St SE Good Hope Rd SE 1220 Maple View (stabilization & rehab) Valley Pl (rehab & expansion) 454 N St NW Gales St

14 Department of Housing and Community Development F UTURE A CTIVITIES Phase I (July 2) 8th & T NW Amber Overlook Florida & Q NW Halley Terrace Hunter Pl SE Minnesota Ave/27th Phase II (Sept-Oct) Alabama Ave High St SE th St West St SE Kramer St Forrester St / 6th St SE Solicitations of twelve projects, including:

15 Department of Housing and Community Development Laverne Scott Housing Projects Coordinator, DFD D.C. Department of Housing and Community Development Department of Housing and Community Development 15

16 Department of Housing and Community Development Thorough underwriting before decisions Coordination with PADD to determine appropriate financing Improved lending outcomes DFD’ S A PPLICATION P ROCESS 16

17 Department of Housing and Community Development N EW DFD R EQUIREMENTS 5% of all projects must provide Permanent Supportive Housing as defined in the RFP Priority points will be given to projects offering larger bedroom sizes (3 BRs and above) 17

18 Department of Housing and Community Development 1.Threshold - clear, objective criteria 2.Feasibility/sustainability analysis, through underwriting 3.Project prioritization, only for applications determined to be feasible 4.Funding decisions F OUR S TEP P ROCESS FOR D ECISIONS 18

19 Department of Housing and Community Development 11 criteria All criteria clear and objective 1.Site control for applicant (Executed PDA) 2.Zoning in place 3.Regulatory eligibility for appropriate programs 4.Development team materials submitted 5.Corporate Good Standing and Clean Hands Certificate S TEP O NE : T HRESHOLD C RITERIA R EVIEW 19

20 Department of Housing and Community Development 6. Creditworthiness 7.Completed Green Design process 8.Architectural schematic drawings and Form Recent appraisal 10.Phase I Environmental and Historic Reviews completed 11.Completeness of application material submitted T HRESHOLD C RITERIA R EVIEW – CONT ’ D 20

21 Department of Housing and Community Development Applications that pass move into next three steps Applications that fail will not move to the next step, and will receive notice T HRESHOLD C RITERIA R EVIEW 21

22 Department of Housing and Community Development External Committee Review Internal Committee Review Ratified by DHCD Director Kelly A Reservation or Rejection Letter issued to all applicants F UNDING D ECISIONS 22

23 Department of Housing and Community Development Letter of Reservation will include project-specific and generic closing conditions Commitment Letter follows with progress on closing conditions F UNDING D ECISIONS 23

24 Department of Housing and Community Development U PCOMING E VENT PADD / DFD Solicitation and RFP Issuance July 2, 2014, DHCD Website

25 Department of Housing and Community Development Q UESTIONS & A NSWERS

26 Department of Housing and Community Development Thank You! Department of Housing and Community Development 26


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