U.S. Department of Housing and Urban Development. HUD Webinar. Multifamily Property Management June 14, Community Planning and Development
|
|
- Ada Barton
- 5 years ago
- Views:
Transcription
1 U.S. Department of Housing and Urban Development HUD Webinar Multifamily Property Management June 14, 2011 Community Planning and Development
2 Presenters Sandra Abramson, President, Tem-Pro-Tech, Inc. Ken Crawford, Vice President, Enterprise Community Partners Matthew Do, Program Officer, Enterprise Community Partners David Noguera, HUD Hunter Kurtz, HUD 2
3 Agenda Multifamily Property Management Asset Management Property Management Managing the Manager In-House and Third Party Managers NSP and Property Management 3
4 Multifamily Property Management Owning and Managing Affordable Housing: It may not be rocket science but it requires at least as much patience with long-term and day-to-day attention! Two types/levels of responsibility Owner: to manage the asset over the long-term (Asset Management) Property Manager: to manage the property operations on a day-to day basis (Property Management) 4
5 Overall Goals of Asset Management Ensure long-term fiscal health of the asset Ensure the physical condition of the property Ensure compliance with all regulatory, financial and physical requirements Maximize the income while reducing expenses Maximize the double bottom-line : meet the financial as well as social goals or mission of the organization 5
6 Asset Management: Access to Information Materials from closing binder have all regulatory, financial, insurance and reporting requirements Managers and internal staff need access to all relevant information Summaries, such as deal points memos and property profiles are useful tools Some information needs to be updated, e.g. NSP/LIHTC rent and income levels; NYC rent stabilization annual increases 6
7 Asset Management: Board Involvement They are the individuals who will be held responsible for the well-being of the assets They can take a more objective view of both the property and the manager They can give a longer term sense of direction for the organization and its assets They would be less involved in the regular oversight of the manager but would be more involved in setting long-term goals for the assets 7
8 Managing the Manager ( MTM ) Job #1 of the owner Necessary with either an internal manager or a third-party manager Primary part of the owner s asset management responsibility that will help it to: protect its assets ensure their long-term financial viability Avoid micro-management Define clear staff/board assignment of tasks and ensure they are implemented 8
9 MTM: Policies and Procedures Both the Owner and Manager need clear, written policies and procedures Incorporate all of the tasks to be performed by each party and identifies who performs them Memorialize and agree upon them to avoid duplication and confusion Update as often as necessary Disseminate to all concerned parties, including the residents 9
10 MTM: Creating Management Plans The plan spells out, for example: Owner s and Manager s roles and responsibilities Delegation of authority from the Owner to the Manager Property Manager s personnel policies and staffing patterns Owner s policies and Property Manager s procedures for carrying them out 10
11 MTM: Creating Management Agreements The agreement details, for example: The parties to the agreement The term of the agreement The scope of services the manager will perform and the fee for the services The manager s reporting requirements The extent and limitations to the manager s authority Insurance and indemnification requirements Compensation Terms of termination 11
12 MTM: Monitoring of Property Performance Create reasonable targets that fit the property Set targets that will help to ensure overall compliance with all regulations and terms that govern the property Set only as many targets as can be measured on a reasonable basis Create tools that help to measure performance against the targets Use the tools: targets are only useful if performance is measured against them 12
13 MTM: Monitoring the Manager Hold regularly scheduled meetings with the Manager Use a standing agenda Prioritize tracking the meetings through minutes Review a property s performance against established targets, e.g. report financial performance against adopted annual budget Make sure that Manager follows up on items/issues addressed in the meeting, e.g. takes corrective action if necessary 13
14 Developing a Long-Term Disposition Plan Capital Replacement Plan Long-term regulatory requirements Refinancing plan if necessary 14
15 Resource Management For want of a nail.... Both the Property Manager and internal staff/board overseeing the manager must have adequate resources Without adequate resources and tools, it is difficult for Manager or staff to take pride in what they do and in the condition of the property The Owner needs to identify or develop reliable income streams to support the management of the property 15
16 Property Management: How to Reduce Expenses, Increase Income (1) Prepare an annual budget that reflects underwriting assumptions and describe where/why it differs from them Report financial performance against budgets on regular basis Track and prepare vacant units for re-occupancy on a timely basis Use available tools to select good, rent-paying tenants Maintain ongoing communication between the management and the tenants 16
17 Property Management: Recommendations to Reduce Expenses, Increase Income (2) Go green : be environmentally correct and reduce expenses. NSP2/3 Grantees must meet green building standards adopted by their programs. Secure good contractors; supervise their work Perform capital repairs and preventive maintenance as required Ensure that maintenance and security staff are eyes and ears of the building Train and retain staff on a regular basis Identify all compliance requirements and have strategy for complying with them 17
18 In House v. Third-Party Management What should an Owner consider when making the choice between in-house and third-party management Conformity of managing the property with the mission of organization Financial considerations Organizational capacity considerations, e.g. will managing internally strain the organization Whether to outsource all functions or keep some in-house, e.g. outsource back-office and maintenance but keep tenant selelction internal 18
19 In-House Management Potential advantages Close relationship between development and management staff Enhanced communication opportunities between Owner and Property Management staff Closer relationship to tenants and community Potential disadvantages Interferes with mission of Owner Strains capacity of Owner May be less cost effective than having third-party manager that can leverage larger number of units 19
20 Selecting a Third-Party Manager What steps should an Owner take when selecting a third-party manager Seek recommendations from syndicator, partners, local Housing Authority, PM organizations like IREM, other local not-for profits Be aware that third parties may require a minimum number of units, and not work with smaller properties Advertise in local industry papers and engage in a bidding process Identify what is most important to the owner Always engage in an annual review process and rebid as necessary 20
21 NSP and Property Management Affordability Period Rents Tenant Income Unit Quality 21
22 Affordability Period Defines the period for compliance items HOME is safe harbor Restrictions recorded as land covenant or deed restriction 22
23 Rents: Affordability Grantees required to define affordable rents in Action Plans [24 CFR 570 subpart K, FR-5255-N-01] HOME is safe harbor NSP rents must remain affordable for affordability period Grantee needs to share new rent limits with owners, as published Owner must document rents charged to NSPassisted units 23
24 Rents: Program Income Income earned by Grantee or Subrecipients Net Operating Income (NOI) from rental properties = Program Income (PI) PI must be re-used for NSP eligible activities Income/NOI earned and retained by NSP Developers is NOT Program Income Avoid undue enrichment HUD encourages structuring NSP-assistance to Developers as a loan 24
25 Rents: Program Income (con t) Rental Program Income Example: Rental income: $40,000 Operating expenses (including ($30,000) deposits to operating and capital reserve accounts) NOI (Program Income): $10,000 Eligible private loan debt service: ($8,000) PI remaining after debt service: $2,000 25
26 Rents: Program Income (con t) PI can be used to pay debt service on private loan if: Private loan was used solely to finance costs of approved project; Private loan proceeds were used in accordance with all NSP applicable requirements (e.g., Davis-Bacon); Private loan was made from an external lender (grantee/subrecipient cannot lend itself the funds); and Use of program income for debt service payment was contemplated when project was approved. 26
27 Tenant Income Eligibility During affordability period, must ensure new tenant income eligibility Check and document incomes of new tenants at unit turn over Unit originally occupied by household at 120% of median, new tenant at 120% of median Unit originally occupied by household at 50% of median, new tenant at 50% of median Units could float so long as maintain proportion 27
28 On-Going Unit Quality No required NSP on-going property standard Grantees are encouraged to adopt standards to ensure continued quality May choose to defer to HOME standard [24 CFR ]: Units must remain standard for affordability period May elect to inspect units over time HOME rule [24 CFR ]: 28
29 NSP Resources for Rental Projects Multifamily Rental Toolkit ome&programtypeid=3 Recent NSP Webinars Developing Multifamily Properties, 6/2 NSP Rental Project Compliance, 5/17 Program Income, 4/19 Successful Scattered Site Rental Programs, 2/17 29
30 We Want Your Feedback! Answer a few quick questions at: 30
Rental Housing Compliance for the NSP Development & Affordability Period May 17, 2011
U.S. Department of Housing and Urban Development Rental Housing Compliance for the NSP Development & Affordability Period May 17, 2011 Speakers and Format Speakers David Noguera, HUD Virginia Sardone,
More informationDifferences, Procurement and
U.S. Department of Housing and Urban Development Developers and Subrecipients: Differences, Procurement and Other Rules July 24, 2012 2:00 PM EDT Community Planning and Development Purpose of Webinar To
More informationDeveloping NSP Projects with Habitat Organizations
U.S. Department of Housing and Urban Development Developing NSP Projects with Habitat Organizations January 17, 2012 HUD Community Planning and Development Speakers and Q and A Format Speakers John Laswick,
More informationScattered Site Rental Management
U.S. Department of Housing and Urban Development Scattered Site Rental Management April 5 th, 2012 2:00 4:00 P.M. Community Planning and Development Moderator and Presenters Moderator: Kent Buhl, KB Consulting
More informationNSP Closeout Webinar
U.S. Department of Housing and Urban Development NSP Closeout: Special Topics and Post-Closeout Considerations NSP Closeout Webinar 05/01/2014 Community Planning and Development Moderators Presenters-
More informationLease-purchase and NSP
U.S. Department of Housing and Urban Development Lease-purchase and NSP What practitioners are saying 1 Introduction Sponsored by HUD Speakers: David Cramer, TDA Donna Majors, CVC Keysha Cuyler, CVC William
More informationNeighborhood Stabilization Program
Neighborhood Stabilization Program Neighborhood Stabilization Program What is the Neighborhood Stabilization Program? NSP was funded in 3 rounds to provide assistance to state and local governments to
More informationIntroduction & Overview
INTRODUCTION... 2 OVERVIEW... 2 HOME Program Activities... 3 National Housing Trust Fund Program-Overview... 3 HTF- Specific Rental Housing Activities... 3 Neighborhood Stabilization Program... 4 Substantial
More informationNSP DEVELOPER ARRESALE PROGRAM PROCEDURES
NSP DEVELOPER ARRESALE PROGRAM PROCEDURES HERA 2301(c)(3)(B) purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop
More informationNSP Rental Basics: A Primer on Using Rental Projects to Meet NSP Obligation and 25% Set-Aside Requirement. About this Tool
NSP Rental Basics: A Primer on Using Rental Projects to Meet NSP Obligation and 25% Set-Aside Requirement About this Tool Description: This tool is intended for NSP grantees and their partners seeking
More informationCITY OF BOISE HOUSING AND COMMUNITY DEVELOPMENT DIVISION CDBG MONITORING FORM
CITY OF BOISE HOUSING AND COMMUNITY DEVELOPMENT DIVISION CDBG MONITORING FORM GENERAL INFORMATION Date of Monitoring Visit: / / Number of Monitoring Visit for the Fiscal Year: # Subrecipient Name: Subgrantee
More informationNSP Program Overview. Daniel Blanchard COJ Management Consultant
NSP Program Overview Daniel Blanchard COJ Management Consultant 904 237 7781 daniel.blanchard@comcast.net NSP Basics Neighborhood Stabilization Program Housing Economic and Recovery ACT of 2008 (HERA)
More informationPART 1 - Rules and Regulations Governing the Building Homes Rhode Island Program
860-RICR-00-00-1 TITLE 860 Housing Resources Commission CHAPTER 00 N/A SUBCHAPTER 00 N/A PART 1 - Rules and Regulations Governing the Building Homes Rhode Island Program 1.1 Purpose A. The purpose of these
More informationDisposition Strategies
U.S. Department of Housing and Urban Development Community Planning and Development NSP Problem Solving Clinic i 2012 Disposition Strategies Workshop Disposition Strategies Agenda A. Disposition Definition
More informationand NSP 5/4/2011 U.S. Department of Housing and Urban Development
U.S. Department of Housing and Urban Development Short-term term Lease-purchase and NSP 1 1 Who Are We? Sponsored by HUD Presenters: John Laswick, HUD David Noguera, HUD David Cramer, TDA Gladys Schneider,
More informationNSP Project Feasibility Analysis Template: Instruction Manual
NSP Project Feasibility Analysis Template: Instruction Manual About this Tool Description: This tool provides tab-by-tab instructions for using the NSP Project Feasibility Analysis Template, a workbook
More informationIssues with Developers
U.S. Department of Housing and Urban Development HUD Webinar Issues with Developers October 11 th, 2011 U.S. Department of Housing and Urban Development Community Planning and Development Presenters Host
More informationTo provide exceptional customer service to every property Owner and ensure that every property is performing at the highest level possible.
Property Owners Overview Information & Services Phone: 678-491-0212 Fax: 678-608-0038 P.O. Box 1382, Alpharetta, GA 30009 Info@BoltPropertyManagement.com Our Mission: To provide exceptional customer service
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT Jurisdiction(s): Town of Babylon (located in Suffolk County New York) Jurisdiction Web Address: www.townofbabylon.com NSP Contact Person: Theresa Sabatino, Director Town of
More informationHOME Program Basic Facts
HOME Program Basic Facts WHAT IS HOME? HOME is short for "HOME Investment Partnership Program", which became law in 1990. HOME provides an annual formula-based federal grant to the City of San Diego for
More informationCommunity Housing Development Organization (CHDO) Manual. Policies Requirements for Certification Requirements for Recertification
Community Housing Development Organization (CHDO) Manual Policies Requirements for Certification Requirements for Recertification Kentucky Housing Corporation 1231 Louisville Road Frankfort, KY 40601 (502)
More informationWorking with Nonprofits, Sponsors and Subrecipients sponsored by Florida Housing Finance Corporation s Catalyst Program
Working with Nonprofits, Sponsors and Subrecipients sponsored by Florida Housing Finance Corporation s Catalyst Program Aida Andujar 954-593-8988 Andujar@flhousing.org Our Thanks to the Florida Housing
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT AMENDED DRAFT AUGUST 29, 2009 Jurisdiction(s): Town of Babylon (located in Suffolk County New York) Jurisdiction Web Address: www.townofbabylon.com NSP Contact Person: Theresa
More informationGrantee: Broward County, FL Grant: B-08-UN April 1, 2012 thru June 30, 2012 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 April 1, 2012 thru June 30, 2012 Performance Report 1 Grant Number: Obligation Date: Award Date: B-08-UN-12-0002 Grantee Name: Contract End Date: Review
More informationGrantee: Broward County, FL Grant: B-08-UN April 1, 2011 thru June 30, 2011 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 April 1, 2011 thru June 30, 2011 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL Grant Amount: $17,767,589.00 Grant
More informationN.C. Housing Finance Agency
N.C. Housing Finance Agency A. Robert Kucab Executive Director Joint Appropriations Subcommittee on General Government N.C. Housing Finance Agency Established in G.S. Chapter 122A Created in 1973 Self-supporting
More informationCHAPTER 4: HOMEOWNER REHABILITATION ACTIVITIES
CHAPTER 4: HOMEOWNER REHABILITATION ACTIVITIES This chapter describes how HOME funds may be used to assist owners in the rehabilitation of owner-occupied housing. Eligible activities, forms of assistance
More informationUnderstanding the Economics & Financing Structures of Moderately Priced Life Plan Communities
Understanding the Economics & Financing Structures of Moderately Priced Life Plan Communities 2 Today s Presenters Wayne Olson, Executive Vice President, Volunteers of America National Services Steve Kuhns,
More informationRolling Out RAD Webinar Q&A
Rolling Out RAD Webinar Q&A Hosted by Ballard Spahr LLP on March 14, 2012 Q What are PEL and UEL? A The PEL is the Project Expense Level and the UEL is the Utility Expense Level. These, along with add-ons,
More information2016 Vermont National Housing Trust Fund Allocation Plan
2016 Vermont National Housing Trust Fund Allocation Plan Overview The National Housing Trust Fund (HTF) is a new federal affordable housing production program that will complement existing Federal, State,
More informationOverview. Five Eligible NSP Uses. Meeting the 25% Set-Aside for Low-Income Persons
U.S. Department of Housing and Urban Development Meeting the 25% Set-Aside for Low-Income Persons Neighborhood Stabilization Program Neighborhood Stabilization Program Eligible uses Program activities
More informationA REPORT FROM THE OFFICE OF INTERNAL AUDIT
A REPORT FROM THE OFFICE OF INTERNAL AUDIT PRESENTED TO THE CITY COUNCIL CITY OF BOISE, IDAHO AUDIT / TASK: AUDIT CLIENT: REPORT DATE: October 14, 2013 AUDIT GRADE: #13-04, Property Rehabilitation / Loan
More informationNSP3 Program Design Guidebook Understanding Markets and Resources to Create Effective Programs
NSP3 Program Design Guidebook Understanding Markets and Resources to Create Effective Programs Table of Contents Overview... 1 Part 1. Market Analysis... 2 1.1 Using the HUD Mapping Tool to Assess Potential
More informationU.S. Housing Act of 1937
SERC/NAHRO Conference Norfolk, Virginia June 25, 2018 U.S. Housing Act of 1937 Another New Deal initiative designed to relieve conditions in the nation's housing stock This was the beginning of Public
More informationJuly 1, 2013 thru September 30, 2013 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 July 1, 2013 thru September 30, 2013 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL LOCCS Authorized Amount: $17,767,589.00
More informationNCB CAPITAL IMPACT. Preserving Affordability of NSP Funded Foreclosed Properties
NCB CAPITAL IMPACT Preserving Affordability of NSP Funded Foreclosed Properties Preserving Affordability of NSP Funded Foreclosed Properties CREATED FOR NCB CAPITAL IMPACT BY HEATHER GOULD AND BARBARA
More informationProtecting Your Hard-Won Assets Through Strong Asset Management
Protecting Your Hard-Won Assets Through Strong Asset Management Industry perspectives: Carl Dudeck, Director of Housing Management, PHFA Danny Green, Asset Manager, Enterprise Nancy Batchelder, Acting
More informationUpdated NOFA - July 3, 2009
Updated NOFA - July 3, 2009 NOTICE OF FUNDING AVAILABILITY (NOFA) NEIGHBORHOOD STABILIZATION PROGRAM FOR THE ACQUISITION, REHABILITATION AND RENTAL OF FORECLOSED HOMES AND RESIDENTIAL PROPERTIES Please
More informationRental Assistance Demonstration (RAD) Transforming To Thrive RAD. All Staff Information Session March 1, 2017
Rental Assistance Demonstration (RAD) Transforming To Thrive RAD All Staff Information Session March 1, 2017 Agenda Welcome The State of Public Housing RAD Overview HACM Impact Resident Impact Conversion
More informationReviewed and Approved
Action Plan Grantee: Grant: Houston, TX B-11-MN-48-0400 LOCCS Authorized Amount: Grant Award Amount: $ 3,389,035.00 $ 3,389,035.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 1,250,664.11 Total
More informationMITIGATION POLICY FOR DISTRICT-PROTECTED LANDS
MITIGATION POLICY FOR DISTRICT-PROTECTED LANDS Approved by the District Board of Directors on July 18, 2017 The following Mitigation Policy is intended to inform the evaluation of environmental mitigation-related
More informationNATIONAL HOUSING TRUST FUND PROGRAM FFY 2018
1 NATIONAL HOUSING TRUST FUND PROGRAM FFY 2018 STATE OF NEW JERSEY GOVERNOR, PHILIP D. MURPHY DEPARTMENT OF COMMUNITY AFFAIRS LT. GOVERNOR, SHEILA Y. OLIVER - COMMISSIONER 1/17/2018 NHTF Summary 2 NHTF
More informationApril 1, 2014 thru June 30, 2014 Performance Report
Grantee: Grant: Prince Georges County, MD B-11-UN-24-0002 April 1, 2014 thru June 30, 2014 Performance Report 1 Grant Number: B-11-UN-24-0002 Grantee Name: Prince Georges County, MD Grant Award Amount:
More informationAFFORDABLE HOUSING 101. Jimmy McCune - OCCH Tim Swiney Wallick Communities Roy Lowenstein Lowenstein Development
AFFORDABLE HOUSING 101 Jimmy McCune - OCCH Tim Swiney Wallick Communities Roy Lowenstein Lowenstein Development Affordability in Housing Defined Generally refers to housing affordable to those who earn
More informationDemystifying Rental Underwriting. August 15, 2017
Demystifying Rental Underwriting August 15, 2017 Welcome & Introductions Delivered by Steve Lathom, TDA Consulting www.tdainc.org slathom@tdainc.org 517-203-4130 Session Objectives Regulatory issues driving
More informationGlossary. Administrative Fees:
Glossary Administrative Fees: Cost Certification: A fee payable to a management agent of a property for accounting and bookkeeping services, as allowed by PHFA or HUD. This fee is eligible only to properties
More informationPartnering To Develop Affordable Housing
Partnering To Develop Affordable Housing Prepared by: Franke Consulting Group As part of the Development Seminar Series Under contract to: New York State Division of Housing & Community Renewal New York
More informationREQUEST FOR PROPOSALS RFP # September 16, 2011 Proposals Due on October 5, 4:00 pm
Development Division 4800 N Broadway, Boulder, CO 80304 Phone: 720-564-4610 Fax: 303-544-9553 TDD/TTY: 1-800-659-3656 www.boulderhousing.org REQUEST FOR PROPOSALS RFP #13-2011 September 16, 2011 Proposals
More informationA. Approval / Disapproval of Resolution No : Adopting a Fair Housing Policy.
APPROVAL OF CONSENT AGENDA - Note: All matters listed under Item 11, Approval of Consent Agenda, are considered to be routine by the Town Council and will be enacted by one motion in the form listed below.
More informationU.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER Special Attention of: All Multifamily Hub and Program Center Directors
More informationNSP Spring Cleaning. Documenting Compliance For Closeout. May 29, 2018
U.S. Department of Housing and Urban Development NSP Spring Cleaning Documenting Compliance For Closeout May 29, 2018 Community Planning and Development Today s Presenters - John Laswick, HUD - Njeri Santana-Carter,
More informationNeighborhood Stabilization Program Frequently Asked Questions
Neighborhood Stabilization Program Frequently Asked Questions Q: Are the insurance requirements (in XVIII) uniform to all applicants, including the non-profits? Yes, the insurance requirements are required
More informationNational Housing Trust Fund Allocation Plan
National Housing Trust Fund Allocation Plan FINAL PENDING APPROVAL OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Fostering the Development of Strong, Equitable Neighborhoods Brian Kenner Deputy
More informationCHAPTER 4.0: PARTICIPANT EXERCISES
Training CDBG Subrecipients in Administrative Systems CHAPTER 4.0: PARTICIPANT EXERCISES 4.1 Overview The questions and answers provided here are reproduced from the subrecipient handbook Playing by the
More informationBasics of Commercial Real Estate Transactions Day Two
Basics of Commercial Real Estate Transactions Day Two John Rockwell, Partner Energy October 12, 2016 PG&E refers to the Pacific Gas and Electric Company, a subsidiary of PG&E Corporation. 2010 Pacific
More informationA. Approval / Disapproval of Resolution No : Adopting a Fair Housing Policy.
APPROVAL OF CONSENT AGENDA - Note: All matters listed under Item 11, Approval of Consent Agenda, are considered to be routine by the Town Council and will be enacted by one motion in the form listed below.
More informationHousing Program Application (HOME & HTF) County of Bucks, Pennsylvania Housing Services
Housing Program Application (HOME & HTF) County of Bucks, Pennsylvania Housing Services Since 1989, Housing Services has been the comprehensive provider of funding for community development, housing and
More informationEAST BATON ROUGE REDEVELOPMENT AUTHORITY ADMINISTRATIVE POLICY PROCUREMENT CONTRACTING AND DBE POLICY FOR FEDERALLY FUNDED PROJECTS.
EAST BATON ROUGE REDEVELOPMENT AUTHORITY ADMINISTRATIVE POLICY PROCUREMENT CONTRACTING AND DBE POLICY FOR FEDERALLY FUNDED PROJECTS February 5, 2013 East Baton Rouge Redevelopment Authority 801 North Blvd,
More informationJanuary 1, 2015 thru March 31, 2015 Performance Report
Grantee: Grant: Broward County, FL B-08-UN-12-0002 January 1, 2015 thru March 31, 2015 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL Grant Award Amount: $17,767,589.00
More informationKane County Foreclosure Redevelopment Program
Kane County Foreclosure Redevelopment Program HOME Investment Partnership Program Neighborhood Stabilization Program 2011 Request for Qualifications Kane County Office of Community Reinvestment 719 South
More informationMINNEAPOLIS SMALL AND MEDIUM MULTIFAMILY ACQUISITION LOAN PROGRAM GUIDELINES (SMMF Pilot)
I. PURPOSE OF PROGRAM MINNEAPOLIS SMALL AND MEDIUM MULTIFAMILY ACQUISITION LOAN PROGRAM GUIDELINES (SMMF Pilot) The SMMF Pilot loan program is designed to be a pilot partnership between the Land Bank Twin
More informationYHA Family Housing Occupancy Policy & Management Plan
YAKIMA HOUSING AUTHORITY "Committed to Safe and Affordable Housing" YHA Family Housing Occupancy Policy & Management Plan Management Plan for YHA Family Housing YHA Family Housing Limited Company January
More informationReviewed and Approved
Action Plan Grantee: Grant: Alameda County, CA B-09-CN-CA-0052 LOCCS Authorized Amount: Grant Award Amount: $ 10,934,579.20 $ 10,934,579.20 Status: Reviewed and Approved Estimated PI/RL Funds: $ 7,000,000.00
More informationQuestion and Answers June 24, 2010
U.S. Department of Housing and Urban Development NSP Open Forum Question and Answers June 24, 2010 Community Planning and Development Moderators and Q and A Format Moderators David Noguera, HUD David.A.Noguera@hud.gov
More informationOct 1, 2011 thru Dec 31, 2011 Performance Report
Page 1 of 7 Oct 1, 2011 thru Dec 31, 2011 Performance Report Grant Number: B-11-MN-06-0511 Grantee Name: Long Beach, CA Grant Amount: $1,567,935.00 Estimated PI/RL Funds: $1,693,370.00 Obligation Date:
More informationU.S. Department of Housing and Urban Development. Meeting the 25% Set-Aside for Low-Income Persons
U.S. Department of Housing and Urban Development Meeting the 25% Set-Aside for Low-Income Persons Neighborhood Stabilization Program Neighborhood Stabilization Program Overview Eligible uses Program activities
More informationReviewed and Approved
Action Plan Grantee: Grant: Anoka County, MN B-11-UN-27-0001 LOCCS Authorized Amount: Grant Award Amount: $ 1,226,827.00 $ 1,226,827.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 1,500,000.00
More informationB-08-MN April 1, 2016 thru June 30, 2016 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Savannah, GA B-08-MN-13-0004 April 1, 2016 thru June 30, 2016 Performance Report 1 Grant Number: B-08-MN-13-0004 Grantee Name: Savannah, GA Grant Award Amount: $2,038,631.00 Obligation
More informationLow Income Housing Tax Credits 101 (and a little beyond 101) James Lehnhoff, Municipal Advisor
Low Income Housing Tax Credits 101 (and a little beyond 101) James Lehnhoff, Municipal Advisor 9/29/2017 1 Affordable Housing Need What is Affordable? Overview Why do affordable housing projects need financial
More informationReviewed and Approved
Action Plan Grantee: Grant: Orange County, FL B-11-UN-12-0012 LOCCS Authorized Amount: Grant Award Amount: $ 11,551,158.00 $ 11,551,158.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 11,700,000.00
More informationHOUSING AUTHORITY. of the City of Beau1nont, Texas
HOUSING AUTHORITY of the City of Beau1nont, Texas REQUEST FOR PROPOSALS Housing Authority of the City of Beaumont, Texas (HACB) Request for Proposals (RFP) for Mixed-Finance Legal Counsel Services RFP
More informationSection IV: HOME Narratives
Section IV: HOME Narratives IV. HOME NARRATIVES (AP-90) A. INTRODUCTION Los Angeles County is an Urban County-participating jurisdiction for HUD s HOME Investment Partnerships (HOME) Program. It receives
More informationUnlocking the Upside Through Value-Add Capital Improvement Strategies
Unlocking the Upside Through Value-Add Capital Improvement Strategies GIVEN THE RISKS AND UNCERTAINTIES, PLEASE DO NOT PLACE UNDUE RELIANCE ON ANY FORWARD-LOOKING STATEMENTS. DISCLAIMER & RISK FACTORS
More information2010 Fall Webinar Series
2010 Christian Brothers Services, Romeoville, IL. All Rights Reserved. 2010 Fall Webinar Series 2010 Christian Brothers Services, Romeoville, IL. All Rights Reserved. No part of this presentation may be
More informationNEIGHBORS INVEST IN BROADWAY. Neighbors Invest in Broadway: A Slavic Village Renovation Program
NEIGHBORS INVEST IN BROADWAY Neighbors Invest in Broadway: A Slavic Village Renovation Program Broadway Slavic Village Housing Market SUB-PRIME EPICENTER 2006-07 = 1,200 VACANT HOMES IN SLAVIC VILLAGE
More informationPublic Housing: Rental Assistance Demonstration
Public Housing: Rental Assistance Demonstration By Ed Gramlich, Director of Regulatory Affairs, National Low Income Housing Coalition Administering agency: HUD s Office of Public and Indian Housing, and
More informationAnswers to Submitted Questions Request for Qualifications - TIF Scattered Site Rehabilitation Program Date: March 9, 2017
Answers to Submitted Questions Request for Qualifications - TIF Scattered Site Rehabilitation Program Date: March 9, 2017 1. How do I apply? You can download the application in Word document format here:
More informationReviewed and Approved
Action Plan Grantee: Grant: Prince William County, VA B-08-UN-51-0002 LOCCS Authorized Amount: Grant Award Amount: $ 4,134,611.98 $ 4,134,611.98 Status: Reviewed and Approved Estimated PI/RL Funds: $ 43,900.00
More informationJuly 1, 2018 thru September 30, 2018 Performance Report
Grantee: Grant: Adams County, CO B-08-UN-08-0001 July 1, 2018 thru September 30, 2018 Performance Report 1 Grant Number: B-08-UN-08-0001 Grantee Name: Adams County, CO Grant Award Amount: $4,600,211.00
More informationState of Rhode Island. National Housing Trust Fund Allocation Plan. July 29, 2016
HTF Program: Method of Distribution State of Rhode Island National Housing Trust Fund Allocation Plan July 29, 2016 The Housing Trust Fund (HTF) is a new affordable housing production program that will
More informationUnited States Small Business Administration Office of Hearings and Appeals
Cite as: NAICS Appeal of BLB Resources, Inc., SBA No. NAICS-5855 (2017) United States Small Business Administration Office of Hearings and Appeals NAICS APPEAL OF: BLB Resources, Inc., Appellant, SBA No.
More informationTABLE OF CONTENTS. The Real Estate Cycle 7 Economic Downturns from the Past 9 Real Estate Downturn of the Great Recession 9
TABLE OF CONTENTS ABOUT THE AUTHORS IX SECTION 1: Introduction to Troubled Properties 1 Common Causes of Troubled Properties 1 The Real Estate Manager s Role 3 Ethics in Managing Troubled Properties 3
More informationMontgomery County, Ohio NSP Amendments Submitted June 18, 2010
NSP Activity Changes Related to Funding Montgomery County, Ohio NSP Amendments Submitted June 18, 2010 1. Activity number 01 1, Low Income Targeting DMHA Acq Delete $514,068.95 from Total $514,068.95 available
More informationCOMMUNITY COLLEGE SYSTEM OF NEW HAMPSHIRE
COMMUNITY COLLEGE SYSTEM OF NEW HAMPSHIRE Section: BOT 500 Facilities and Capital Budget Date Approved: December 20, 2007 Effective Date: January 1, 2008 Amended Date: December 9, 2010 510 Campus Planning
More informationApplication for Certification
Community & Economic Development Dept. 120 E. Eighth Street ~ Anderson, IN 46016 Phone: (765) 648-6097 Fax: (765) 648-5911 Application for Certification Community Housing Development Organization (CHDO)
More informationGuidance on Amendment Procedures Updated April 3, 2014
April 3, 2014 Community Planning and Development NSP Policy Alert! Guidance on Amendment Procedures Updated April 3, 2014 Note: The Guidance on Amendment Procedures was revised April 3, 2014 to reflect
More informationAnnouncement July 13, Collateral Valuation Practices and Declining Markets
Announcement 07-11 July 13, 2007 Amends these Guides: Selling Collateral Valuation Practices and Declining Markets Introduction An accurate value for the property securing a mortgage loan is important
More informationUsing NSP to Preserve Affordability. March 22, 2011
Using NSP to Preserve Affordability March 22, 2011 1 Using NSP to Preserve Affordability March 22, 2011 10 a.m. Pacific/ 1 p.m. Eastern Presenters Ron Whitman, Pima County Community Land Trust Staci Horwitz,
More informationCHAPTER 6: RENTAL HOUSING ACTIVITIES
HOME funds may be used for the acquisition, new construction or rehabilitation of affordable rental housing. This chapter covers the basic program requirements governing HOME-assisted rental housing, such
More informationTHE BIPARTISAN HOUSING FINANCE REFORM ACT SUMMARY OF KEY PROVISIONS
OVERVIEW Americans deserve a better single family housing finance model one that s sustainable and built to last. Sustainable for homeowners so they can keep their homes; sustainable for taxpayers so they
More informationManaging NSP2 Programs For Success. Key Success Factors in NSP1. Typical NSP1 Market Strategies. Lessons Learned from NSP1
U.S. Department of Housing and Urban Development Managing NSP2 Programs For Success Lessons Learned from NSP1 Neighborhood Stabilization Neighborhood Program 2 Stabilization Program 2 Key Success Factors
More informationHousing Commission Report
Housing Commission Report To: From: Subject: Housing Commission Meeting: July 21, 2016 Agenda Item: 4-B Chair and Housing Commission Barbara Collins, Housing Manager Draft Request for Proposals for Mountain
More informationStrategies for Engaging Residents in Bay Area Preservation Efforts. NPH Annual Conference September 21, 2018
Strategies for Engaging Residents in Bay Area Preservation Efforts NPH Annual Conference September 21, 2018 What is Acquisition-Rehab? Purchasing and securing the affordability of housing that is currently
More informationHousing Authority of the City of Decatur REQUEST FOR PROPOSAL (RFP/PBS) NO. GA Utility Allowance Study
Housing Authority of the City of Decatur REQUEST FOR PROPOSAL (RFP/PBS) NO. GA0112016-08 Utility Allowance Study April 21, 2016 RFP INFORMATION AT A GLANCE CONTACT PERSON (NOTE: Unless otherwise specified,
More informationNJ CDBG-Disaster Recovery Program (HURRICANE IRENE) Handbook. Section V Civil Rights
NJ CDBG-Disaster Recovery Program (HURRICANE IRENE) Handbook Section V Civil Rights Revised 10/02 CDBG-Disaster Recovery Program Handbook Section V Civil Rights CONTENTS PAGE Civil Rights Requirements
More informationAll CDBG Grantees Issued: October 18, Subject: Management of Community Development Block Grant Assisted Real Property
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-7000 OFFICE OF COMMUNITY PLANNING AND DEVELOPMENT Special Attention of: NOTICE: CPD-17-09 All CDBG Grantees Issued: October 18, 2017
More informationOctober 1, 2009 thru December 31, 2009 Performance Report
Grantee: Oakland, CA Grant: B-08-MN-06-0005 October 1, 2009 thru December 31, 2009 Performance Report Grant Number: B-08-MN-06-0005 Grantee Name: Oakland, CA Grant Amount: $8,250,668.00 Grant Status: Active
More informationCHAPTER TAX CREDITS AND SUBSIDY LAYERING. The Table of Contents
UNIT 12.0 PRESERVATION CHAPTER 12.10 TAX CREDITS AND SUBSIDY LAYERING The Table of Contents 12.10.1 Purpose.. I-1 12.10.2 Applicability.. I-2 12.10.3 Definitions and Acronyms... I-2 12.10.4 LIHTC s and
More informationTax Credits 101. Wednesday, November 7 10:45am 12:00pm
Tax Credits 101 Wednesday, November 7 10:45am 12:00pm Today s Panel Kevin Clark Ohio Housing Finance Agency (OHFA) Brian Graney Ohio Capital Corporation for Housing Meg Manley PIRHL, LLC Tim Swiney Wallick
More informationNEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION POLICY REGARDING THE ACQUISITION AND DISPOSITION OF REAL PROPERTY
NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION POLICY REGARDING THE ACQUISITION AND DISPOSITION OF REAL PROPERTY I. Introduction In accordance with the requirements of Title 5-A of Article 9 and Section
More information