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

2. 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

3. 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

4. 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

5. 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 provides guidance
27 States and DC received $3 million minimum (-8)
Must be submitted by to
PR, CA, NY received more than 2X their 2016 allocations
OAHP will review a sample

6. 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

7. 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

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