Potential HUD Funding Opportunities William G. Vasquez Director Office of Community Planning and...

Potential HUD Potential HUD Funding Funding OpportunitiesOpportunities

William G. VasquezDirectorOffice of Community Planning and Development (CPD)Los Angeles Field Office

CPD Funding Opportunities CPD Funding Opportunities for Non-profit Developersfor Non-profit Developers

GreetingsHUD - CPDMissionOverview of CPD Programs

◦Formula/Entitlement◦Competitive◦Stimulus

Our MissionOur Mission

Increase homeownershipSupport community development

Increase access to affordable housing free from discrimination

The Formula ProgramsThe Formula Programs

4 formula/entitlement programs: CDBG, HOME, ESG, HOPWA

Funds awarded based on statistical variables

Amount determined by degree of variable and annual HUD budget

CDBGCDBG

Community Development Block Grant Program◦CPDs flagship program◦Bricks & mortar◦Social services◦Economic developmentActivities must benefit those @<80%

AMI

CDBG-CttTCDBG-CttT

Funds vary by localityFunds & activities controlled by

local discretionAcquisition/Rehabilitation OKNew housing construction eligible

by CBDO onlyRental subsidies ineligible

HOMEHOME

HOME Investment Partnerships Act Program [HOME is not an acronym]

Housing◦Build◦Own◦Rehabilitate◦Tenant-based rental assistance

ESGESG

Emergency Shelter Grant Program◦Outreach◦Short term housing assistance◦Rehabilitation & operation of shelters

HOPWAHOPWA

Housing Opportunities for Persons with AIDS

Housing and related services

Competitive ProgramsCompetitive Programs

Special Needs Assistance Programs

Awarded by competitive criteria published in annual notice

3 primary programs◦SHP – Supportive Housing Program◦S+C – Shelter Plus Care◦SRO Mod Rehab

SNAPs cont’dSNAPs cont’d

All must serve homeless personsLengths of stay depends on

programCan:

◦Provide services◦Permanent or transitional housing◦project or tenant based◦Target specific populations

SNAPs/SRO Mod Rehab SNAPs/SRO Mod Rehab [CttT][CttT]

10 yr Rental subsidies for SRO unitsSome rehab compensated for in

subsidyHUD contracts w/local PHA [who

contracts w/private landlady]HUD pays difference between tenant

rent [30% of income] and unit rent @ FMR + adjustment for rehab

Stimulus Programs @ HUDStimulus Programs @ HUD

Neighborhood Stabilization Program◦Formula & competitive programs

Homeless Prevention and Rapid Re-Housing

CDBG-R

Recovery Recovery Grantees/FundingGrantees/Funding

Program Number of Grantees

Funding Level

CDBG-R 103 $79,860,258

HPRP 51 $101,082,423

NSP 29 $79,970,328

NSP 1 [formula] & 2 NSP 1 [formula] & 2 [comp][comp]

Works with inventories of foreclosed on homes

Competitive program same, opens competition up to non-profit organizations

The 5 NSP ActivitiesThe 5 NSP Activities

◦ A. Financing mechanisms for purchase & redevelopment of foreclosed residential properties

◦ B. Buy & rehab residential properties abandoned/foreclosed, to sell, rent, or redevelop [acquisition, disposition, relocation, direct ownership assistance, rehabilitation, counseling];

Five activities cont’d.Five activities cont’d.

C. Land banks for homes foreclosed on [hold up to 10 years/or until reentry into market “on their own”; can maintain properties {responsibly, but frugally}];

D. Demolish blighted structures; and E. Redevelop demolished or vacant

properties [includes acquisition, disposition, public facilities; new construction, relocation].

NSP - CttTNSP - CttT

Any of the 5 activities can work for the non-prof development community

NSP requires 25% of given allocation to reach those at or below 50% AMI◦Niche market for developers◦City’s will be challenged to meet req◦Timing & coordination issues◦Existing pipeline projects

HPRPHPRP

A] Rental assistance no> 18 mosB] Relocation & stabilization

servicesC] Data collection/evaluationD] Administrative costsAll to those homeless or at risk of

becoming homeless

CDBG-RCDBG-R

CDBG-R: similar to CDBG program but necessary nexus between activity and economic crisis & recovery

CDBG-R - CttTCDBG-R - CttT

Similar to CDBG, butAdditional constraints

◦Short expenditure time-frames◦City’s in a hurry to both ID projects

and spend funds◦Cannot wait pending other agency

decisions on applications◦All funds must be spent by 9/2012

TipsTips

◦ No council support, no project◦ No project ever at any time in some

areas◦ HUD funds are the crucial source of

“other funding sources” as others don’t exist

Information out there, hard to get toMust know local government structure

and players