HTF Update HUD Policy Forum NCSHA Housing Credit Connect June 21, 2017 Notes Text U.S. Department of Housing and Urban Development

Topics FY 2016 FY 2017 Moving forward A quick word about HOME Status of plans and grants HTF allocation plans FY 2017 Status of formula allocations Moving forward Guidance Systems A quick word about HOME

FY 2016 – Status of Plans and Grants $173,591,160 allocated to 56 eligible grantees 3 of 4 Insular Areas declined allocations Virgin Islands accepted its grant ($24,016) 35 States and DC received $3 million minimum 42 FY 2016 grants obligated and available in IDIS 51 HTF allocation plans approved Others are in process Arkansas, Maryland not approved 1 project commitment (Vermont) Wyoming approved (kind of) $370,360 disbursed

FY 2016 – HTF Allocation Plans Priority funding factors Rehabilitation standards Geographic diversity; recipient capacity; PBRA; POA; State’s priority housing needs; leverage Requirements upon completion Required work, methods & materials Applicable codes Maximum per unit development subsidy amount Or requirements that exceed minimum code requirements Must address: Reasonable Health and safety; major systems; lead based paint; accessibility; disaster mitigation; State and local codes, ordinances, & zoning; Uniform Physical Condition Standards (UPCS); capital needs assessments Based on actual costs Adjusted for number of bedrooms Adjusted for geographic location of the project

FY 2017 Status of formula allocations HTF allocation plans Announced on June 14, 2017 Process is exactly the same as last year Posted on HUD.gov Will be published in the Federal Register Due no later than 8/16/2017 30-day public comment period $219,163,373 allocated to 56 eligible grantees (+ $45.5m) HUD Notice CPD 17-05 provides guidance 27 States and DC received $3 million minimum (-8) Must be submitted by email to HTF@hud.gov PR, CA, NY received more than 2X their 2016 allocations OAHP will review a sample

Moving Forward Guidance Systems HTF IDIS Manual for Grantees PR103 – beneficiaries PR105 - activities HTF IDIS Manual for Grantees PR106 – vacant units HTF deadline compliance PR107 – open activities HTF written agreements PR108 – deadline compliance Operating assistance and operating assistance reserves PR109 – status of grants PR110 – production report eCon Planning Suite for 2018 HTF allocation plans Systems IDIS for HTF Ask A Question on HUD Exchange Setup, fund, drawdown, completion, subfund, subgrant Reports PR100 – activities by grant

A quick word about HOME FY 2017 = $950m Limits Commitment Requirement Does not affect other requirements in the December 2, 2016 Interim Rule Formula allocations announced June 14, 2017 Limits Commitment Requirement HOME rent limits & income limits effective June 15, 2017 2017 appropriation suspends the 24-month commitment requirement for deadlines in 2016, 2017, 2018, and 2019 Training Building HOME Webinar Series Does not suspend the 24-month 15% CHDO reservation or 5-year expenditure June, September, October/ November, and January

HTF Update HUD Policy Forum NCSHA Housing Credit Connect June 21, 2017 Notes Text U.S. Department of Housing and Urban Development