U.S. Department of Housing and Urban Development The Housing Trust Fund: Year One and Beyond NCSHA Annual Conference September 26, 2016 U.S. Department of Housing and Urban Development

2016 $173.4 million for allocation in 2016 35 states received the minimum $3m allocation Con Plan /Action Plan Amendments HTF Allocation Plans due by August 16th 50 Grantees submitted plans 4 plans have been approved, grants pending 16 plans have been formally disapproved 6 Grantees received waivers establishing alternate deadlines / 3 plans received

HTF Allocation Plans Common issues: Required priority funding factors 11/19/2014 HTF Allocation Plans Common issues: Required priority funding factors Description of eligible activities and applicant certification of compliance Maximum per unit development subsidy limits Rehabilitation standards

Priority Funding Factors 11/19/2014 Priority Funding Factors “If the State is selecting applications submitted by eligible recipients, the plan must include the following” required funding priorities listed at (24 CFR § 91.320(k)(5)(i)): Geographic diversity Applicant capacity Project based rental assistance Duration of affordability period Priority housing needs of the State Non-Federal funding sources (leveraging)

Eligible Activities & Certification 11/19/2014 Eligible Activities & Certification Plan must require: Application to contain a description of the eligible activities. Recipient to certify HTF assisted units will comply with all HTF requirements. 24 CFR § 91.320(k)(5)(ii)

Maximum Subsidy Limits 11/19/2014 Maximum Subsidy Limits The plan must also establish the State’s maximum per-unit development subsidy limit for housing assisted with HTF funds. (§ 91.320(k)(5)) The grantee must establish maximum limitations on the total amount of HTF funds that the grantee may invest per-unit for development of non-luxury housing, with adjustments for the number of bedrooms and the geographic location of the project. These limits must be reasonable and based on actual costs of developing non-luxury housing in the area. The grantee must include these limits in its consolidated plan and update these limits annually. (§ 93.300(a))

Maximum Subsidy Limits 11/19/2014 Maximum Subsidy Limits MUST: Adjust for the number of bedrooms Adjust for geographic location Be reasonable Be based on actual costs Include these limits in the con plan Update these limits annually

Maximum Subsidy Limits 11/19/2014 Maximum Subsidy Limits CAN: Use existing limits developed for other federal programs: LIHTC HOME Public Housing Development Cost Limits (TDCs) Justification is required in the plan

Rehabilitation Standards 11/19/2014 Rehabilitation Standards The plan must include the State’s rehabilitation standards, as required by 24 CFR 93.301(b)(1). At a minimum the State’s rehab standards must address each of the following: Health and Safety Major Systems Lead-Based Paint Accessibility Disaster Mitigation State and Local Codes, Ordinances, and Zoning Requirements Uniform Physical Condition Standards (UPCS)

Rehabilitation Standards 11/19/2014 Rehabilitation Standards Standards submitted to HUD must contain sufficient detail to determine the rehabilitation work required in a project and the methods and materials to be used. Many States attached their rehab standards but did not explain how the standards met the requirement.

Next Steps Plan approval Congressional release Obligation 11/19/2014 Next Steps Plan approval Approved by HUD HQ and CPD Field Office Director Congressional release Obligation Signed by CPD Field Office Director Grant agreements Must be signed and returned to CPD Field Office IDIS Grant will be loaded into IDIS

HTF & IDIS HTF grantees will use IDIS to: Set up HTF activities Subgrant funds to subgrantees Commit funds to activities Drawdown funds Enter completion information Costs Beneficiaries

HTF & IDIS HTF in IDIS on 7/25/2016 User privilege requests Grantee in IDIS is the State Funds received for eCon Planning Suite User manual coming this fall IDIS AAQ on HUD Exchange

Tools and Guidance HUD Exchange website: Rent limits Income limits Homeownership value limits CPD-16-07: Guidance for HTF Grantees on FY 2016 HTF Allocation Plans CPD-16-14: HTF Environmental Provisions Webinar: September 20th

Tools and Guidance FAQs Additional FAQs & more under development Maximum per unit development subsidy limits Rehabilitation standards Additional FAQs & more under development Beginning work on TA product on rental affordability for ELI households

For Additional Information… CPD Field Office staff HTF@hud.gov HTF HUD Exchange page: www.hudexchange.info/programs/htf/ Join the email list for important announcements: www.hudexchange.info/mailinglist/ IDIS ‘Ask a Question’ portal https://www.hudexchange.info/get-assistance/my-question/

Contact Info Peter Huber, Deputy Director, Office of Affordable Housing Programs Peter.H.Huber@hud.gov 202-402-3941

U.S. Department of Housing and Urban Development Thank you! U.S. Department of Housing and Urban Development