August2,2011ANHDReader

8/4/2019 August2,2011ANHDReader

1/13

La week he Blmberg adminirain reached an impran milene

relaed i New Hing Markeplace plan. Wih We Farm Village

a he backdrp eing and a cake n diplay, Mayr Blmberg and he

Citys top housing ofcials held a press conference to laud the New Housin

Markeplace Plan (NHMP) fr cmpleing hree qarer f i gal bild

preerve 165,000 ni f affrdable hing by 2014.

Inid:

Feare: p 2

Jb p 5

Gran: p 11

the READERahdninc.

August 2, 20

Vol. XXXVI No.

NHMP contd on p2

AffordAble Housing

Milestone reAcHed,

but More Work AHeAd

Member f ANHD, Frdham Bedfrd Eecive Direcr Jhn Reilly and Depy Direcr Heng Ly, are jined by enan f We Farm Viland Citys top housing ofcials; HPD Commissioner Mathew Wambua and HDC Commissioner Marc Jahr as they celebrate the three-quartmilene f he New Hing Markeplace Plan. Ph: HPD


2/13

AuGust 2, 2011 VoLuME xxxVI, NuMBER 16feature

La week he Blmberg adminirain reachedan impran milene relaed i NewHing Markeplace plan.

Wih We Farm Village a he backdrp eingand a cake n diplay, Mayr Blmberg andthe Citys top housing ofcials held a presscnference lad he New Hing MarkeplacePlan (NHMP) fr cmpleing hree qarer fi gal bild r preerve 165,000 ni faffrdable hing by 2014.

In al, 124,510 ni have been creaed andpreerved ince NHMP incepin. La year,he NHMP bil 3,873 new ni and preerved11,954 units. To date, the NHMP has nancedhe cnrcin f 41,556 new affrdable ni.

thi i a meaningfl al b far hr fhe 93,000 ni f new cnrcin headminirain e a i gal.

When Mayr Blmberg decribed hi $8.5billin NHMP in 2005 he cmpared i imprance

ha f hing he pplain f Bn.La week he mayr cnined hi allegricalcmparin f he impac f he New HingMarkeplace Plan.

Wih beer han epeced rel hi pa year,were now more than three-quarters of the wayward r gal creae and preerve 165,000affrdable hing ni fr 500,000 New Yrkerby he end f 2014, aid Mayr Blmberg.tha mre peple han live in Miami.

ANHD cngralae r parner a he NYCDeparmen f Hing Preervain andDevelpmen (HPD) and Hing DevelpmenCrprain (HDC) n heir effr bildand preerve ver 120,000 ni f affrdablehing.

This milestone reects a truly remarkablecmmimen n behalf f he Mayr.

How aodbl nd o How Long?

the blk f he ni develped nder he NHMPerve hehld earning le han 80% f AMI.ANHD nds this statistic encouraging given ourcnien advcacy ha he blk f he ciyresources be devoted to low-income households.

tha being aid, a very mall percenage f heni develped nder he Mayr plan erveextremely low-income households or thoseearning le han 30% f AMI. thee reiden

have the greatest need and we must nd creativeway erve hem.

Addiinally, ANHD believe i i imperaiveha he ciy cmmi a plicy f permanenaffordability to maximize the public benet of itsinvemen in affrdable hing.

ANHD reearch, deailed in r A PermanenPrblem Reqire a Permanen slin repr,demnrae ha apprimaely 160,000 ni fpublic-subsidized housing will be at risk of losing

i affrdabiliy in he cming decade.

New York City must re-think its approach andn lnger rade ff pblic land, capial, andtax abatements in exchange for short-termaffrdabiliy.

the ciy deerve credi fr cmmiing permanen affrdabiliy n large prjec like heWeern Railyard, Hner Pin sh, andWille Pin, b here remain many miedpprniie fr enring n anher ni faffrdable hing i l.

ANHD will cnine wrking wih he BlmbergAdminirain ver he ne w year enrehi hiric change i realized.

Important Milton Rachd,But Mor Work Ahad


3/13


The New York Mortgage Coalition (NYMC) is a unique collaboration of financial institutions

and community housing agencies dedicated to helping low to moderate-income families

become first-time homebuyers in the Greater New York area. Through financial workshops

and one-to-one homeownership counseling, NYMCs eight community groups educate

qualified borrowers into becoming responsible home buyers. Participating lenders provide

competitive, fixed-rate loans which may include closing cost and down payment subsidies

on a need basis.

For more information on joining the New York Mortgage Coalition please contact:

Ken Inadomi, Director

212.742.0762

[email protected]

Every year the New York Mortgage Coalitionhelps thousands of renters prepare

for homeownership.

NYMCs Financial Institutions:

Amalgamated Bank, Astoria Federal Savings Bank,

Bank of America, Capital One Bank, Citibank, HSBC,

JPMorgan Chase, M & T Bank.

NYMCs Community Housing Agencies:

Asian Americans For Equality, Cypress Hills Local

Development Corporation, Harlem Congregations for

Community Improvement, Housing Partnership Development

Corp., Housing Action Council, Long Island Housing

Partnership, Neighbors Helping Neighbors,

and Pratt Area Community Council.


4/13


foclos filings Dclin in 84% o u.S. Ciisa Ppwok Bckps

Foreclosure lings dropped in 84 percent of the largestU.S. cities in the rst half of the year as paperworkdelay and a gl f eized prperie lwed he

repein f hme, accrding Realytrac Inc.http://www.bloomberg.com/news/2011-07-28/foreclosure-lings-decline-in-84-of-u-s-cities-after-paperwork-backups.html

Hi wih focloss, Bnk o amic Doning,Dmolishing Homs

Bank f America Crp., faced wih a gl f frecledand abandned he i can ell, ha a new l ge rid f he m decrepi ne: a blldzer.the bigge us mrgage ervicer will dnae 100frecled he in he Cleveland area, and in mecae cnribe heir demliin in parnerhip wih alcal agency ha manage blighed prpery.hp://www.bn.cm/bine/aricle/2011/07/28/hi_wih_

freclre_bank_f_america_dnaing_demlihing_hme

u.S. Hosing Pics ris Slighly, b rmin Wk

Hme price in he unied sae re lighly fr heecnd cnecive mnh in May, b he real eaemarke ill ha a lng way g befre a recvery,analy aid n teday. the privae sandard &Poors/Case-Shiller index, a closely watched measuref hme price, wa p 1 percen cmpared wih April,accrding he brade meare f daa racking 20ciie.http://www.nytimes.com/2011/07/27/business/economy/home-prices-

ticked-up-in-may.html

Innl Doc rvls GMaC fild fls Docmnin Bid o foclos

GMAC, ne f he nain large mrgage ervicer,faced a qandary la mmer. I waned freclen a New Yrk Ciy hmewner b lacked he crcialpaperwrk needed eize he prpery.http://www.propublica.org/article/gmac-mortgage-whistleblower-freclre

Hndds o NYC Dvlops fc Pnlis

the develper and archiec f an upper We sidelry renal aparmen cmple, the Melar, haveeled wih he federal gvernmen n chargeha heir new reidenial bilding vilaed federal

law becae i i inacceible he diabled, heu.s. Arney fr he shern Diric f New Yrkannnced Mnday. the elemen may impac mrehan 100,000 reidenial prperie acr he ciy.hp://www.crainnewyrk.cm/aricle/20110726/REAL_

EstAtE/110729924

Slld Sis txing Mss

While m f he ciy prfeinal develperlike silverein, Vrnad, RFR and Eell are payingprpery ae n heir alled develpmen ie,wannabe newcmer and he wih hallw pckehave n nly pped cnrcin b pped paying

ciy a levie.hp://www.nyp.cm/p/new/bine/realeae/cmmercial/alled_ie_aing_me_h3y3MIaa62i98DrngaIV2K

Hosing Occpncy Dclins, b rnls up inSom Spos

Empy hing ha been n he rie ince herecein and real eae b, b ccpancy iaring pick p in me place largely becaef aring renal demand. Neighbrhd frmtacma, Wah., New Yrk Brn brgh andpar f Albqerqe are hwing an pick in ccpiedhing, accrding an analyi f u.s. Pal

service daa.http://www.usatoday.com/news/nation/2011-07-26-ZIP-codes-home-occupancy-rentals-housing_n.htm

Hosing Cisis Dsoys Minoiy Wlh

the crah in real eae vale ha widened he wealhgap beween whie and he w large minriy grpin the U.S. - Hispanics and blacks - to record levels,accrding an analyi f he lae gvernmen daaby he Pew Reearch Cener.http://www.thestreet.com/story/11199116/1/housing-crisis-destroys-

minority-wealth.html

BRIefs

ANHD member accmplih big hing in hing. Help ell hee rie.

Sh yo ids wih th rd

Since our rst issue more than 30 plus years ago, The ANHDInc Reader ha feared cmpelling rie f ccee andchallenge facing NYC affrdable hing mvemen.Help cnine giving r mvemen a vice. sggea ry idea, bmi an aricle, r iniiae a feare n yrrganizain. send yr email [email protected]

the READER

ahdninc.

April12, 2011VolumeXXXVINumber8

ResidentscallforNYCommunityBanktoendMilk&RunLastThursday,tenantsof735BryantAveinthe

Bronxheldapress conferencetodemandaction.Thegoalwastobring attention tothedisinvestment

andphysicalneglectthathas plaguedtheirb uilding

foryears.

ResidentswerejoinedbyBronxBorough President

RubenD iazandCityCouncilSpeakerChristineQuinn, aswellas neighbors fromsurroundingbuildings as theycollectivelycalledon NewYork

CommunityBanktoputan endtotheserialneglect.Unfortunately,this is nota n isolatedincidentforNew

YorkCommunityBank,whichholds themortgageon

735Bryantas wellas 33 otherbuildings (includingcontdon p3

Above(l-r)B ronxBoroughPresidentRubenD iaz,735B ryantAvenueTenantAssociation PresidentGennetRileyandCityCouncilSpeakerQuinn duringthepressconference.Inset:Residents ofnearbybuildingsunderNYCBs portfolioexpress thoughts


5/13

AuGust 2, 2011 VoLuME xxxVI, NuMBER 16reSOurCeS

Pojc MngNeighborhood Restore HDFC (NR) and Restored Homes HDFC (RH), two related non-prot housing developmentcrprain are lking fr a PRoJECt MANAGER wh canmanage a prfli f ie and veree prpery managemen and develpmen aciviie fr he ie.

Specic responsibilities include: oversee the property managers in activities including development and approval ofannual budgets and building stabilization plans, review monthly nancial positions, coordinate emergency repairs, andfaciliae prdcive enan relain, in addiin wrking wih HPD, privae fnding iniin, and her Ciy agencieto assist developers to complete scopes of work and nancing options, rehabilitation plans, tenant communication andcnrcin lan cling.

Qualied applicants to this position would possess a masters degree in planning, real estate nance, businessadministration or comparable eld and a minimum of 4 years of work experience in the areas of housing or community

develpmen, prpery managemen, r planning i reqired. Wrk eperience wih he Ciy f New Yrk and familiariywih NYC neighbrhd and a valid driver licene i preferred.

Pleae email reme : [email protected] Rere i an Eqal opprniy Emplyer.

Bldg Mng tinClinton Housing Development Company (CHDC) is a non-prot organization that develops, manages and owns affordablehing in Manhaan. CHDC i lking fr a Bilding Manager trainee wh i inereed in affrdable hing andcmmniy develpmen.

The Building Manager is responsible for managing the day-to-day management of buildings as assigned. Each building

manager is assigned certain buildings for which s/he is the primary contact person. Building Managers are active on-calldring he week and n aigned weekend and hliday n a rainal bai.rsponsibiliis

Process building maintenance and repair projects and requests for assigned buildings; Monitor complaint log daily,process all requests, and concerns as necessary; Review and approve all bills and invoices for assigned buildings;Enre ha reglar mainenance prcedre ccr, inclding b n limied fel delivery and eerminain fr allCHDC buildings; Produce weekly reports for departmental open tasks.

Minimum QualifcationsComputer literacy including MS Ofce; Excellent administrative and organizational skills; Strong written and oralcommunication skills; Ability to juggle multiple tasks; Ability to work within timeframes; Spanish speaking a plus.

Sly rng$33,000 - $38,000 (resident) $35,000 - $40,000 (non-resident)

aPPLY ONLINe

Dico o rl es Dvlopmn

aPPLY ONLINe

aPPLY ONLINe

mploymn opponiy


6/13

mploymn opponiyAuGust 2, 2011 VoLuME xxxVI, NuMBER 16

LOCAL INITIATIVES SUPPORT CORPORATIONPosition Announcement

Community Development Officer

The New York City program of Local Initiatives Support Corporation (LISC) seeks candidates forCommunity Development Officer. The position reports to the LISC NYC Managing Director.

Background

LISC is a national nonprofit organization, which provides financial and technical assistance toneighborhood-based nonprofit community development corporations (CDCs) working to improve housingand economic conditions in distressed neighborhoods. The New York City program works with CDCsand community-based entrepreneurs throughout the city to develop affordable multi-family rentalhousing, homeownership opportunities, commercial enterprises and community facilities.

LISC New York City raises grants, loans and equity for strategic investments in community developmentorganizations. In New York City, LISC and its affiliates have invested over $1.7 billion in nonprofit andlocal developers resulting in the creation of over 30,000 new homes and apartments and 2,000,000 squarefeet of commercial, industrial, and retail space.

Responsibilities:

Provide support and resources to client community development corporations and entrepreneurs.

Underwrite real estate transactions including pre-development loans, tax credit transactions,commercial and retail loans and investments and community facilities loans.

Work closely to build a pipeline of projects for LISC NYCs education facility lending and NewMarket Tax Credit portfolio.

Work with Community Development Team members on initiatives such as CDC staff capacitybuilding, organizational development, economic development, community safety, healthcare, andschool and community facility construction.

Qualifications

Candidates should have strong underwriting experience and familiarity with the New York City area realestate market. Familiarity with city, state and federal housing financing programs a must. They shouldalso have the ability to work collaboratively with coworkers and representatives from the nonprofit,corporate, philanthropic and public sectors. Candidates must have the capacity to work on multiple tasksand projects, be able to prioritize a challenging workload, be positive and solution-oriented. Excellentwriting, financial analysis and verbal communication skills are essential. A Bachelors degree and at least3 years of related experience are required; graduate level education is a plus.

LISC offers a competitive salary and excellent benefits. Please send cover letter and resume to:

Denise Scott, Managing DirectorLISC New York

501 Seventh Avenue, 7th FloorNew York, NY 10018

[email protected]

LISC IS EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY & INCLUSION


7/13

mploymn opponiy

Commniy Ogniz

AuGust 2, 2011 VoLuME xxxVI, NuMBER 16

Bridge sree Develpmen Crprain i eeking a candidae fr Cmmniy organizer.

Dis nd rsponsibiliis: Works with residents to stabilize blocks where BSDC is currently developing property. Conducts assessments of blocks where BSDC is considering real estate development to determine whatie will impac develpmen. Wrk wih Hing Grp aff implemen plan addre iereling frm aemen. Develops and implements neighborhood-based educational programs on issues related tohmewnerhip. Partners with community residents in the development of block and tenant associations. Supports existing block and tenant associations. Organizes new tenant and block associations. Identies and helps develop neighborhood leadership. Attends regular community meetings, such as the 79th Precinct Council, 81st Precinct Council andCmmniy Bard #3, and her Cenral Brklyn Precinc Cncil and Cmmniy bard.

Plans and coordinates Foreclosure Outreach. Represents BSDC and community interests at public forums and community events. Maintains a visible presence as a member of the community. Provides grassroots marketing support to Housing Group staff, as needed. Works with the Director of Economic Development to organize merchants. Prepares written reports. Other duties as assigned.

Qualifcations/Requirements: Bachelors degree. Minimum of ve years experience working within the community development eld, Demonstrated experience in organizing and developing resident leadership, leveraging nancial and

echnical rerce prdce angible imprvemen in neighbrhd, and faciliaing cllabraiveefforts among community leaders, non-prots and public agencies. Self-starter. Ability to work independently. Demonstrated leadership capacity and sound judgment Computer literacy with prociency in MS ofce products (Word, Excel, PowerPoint). Excellent oral and written communication skills. . Ability to work effectively with people of various races and backgrounds. Ability to multi task. Ability to work effectively as a member of a team.

to apply:Pleae end cver leer and reme :

Imelba RdrigezHmewnerhip service Manager

Bridge sree Develpmen Crprain460 Nrand AveneBrklyn, NY 11216

F. (718) [email protected]


8/13



9/13

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2009 Citigroup Inc. Citi and Arc Design is a registered service mark of Citigroup Inc.571810 11/09



10/13


NEWLY CONSTRUCTED APARTMENTS FOR RENT

922 Westchester Owners LLC is pleased to announce that applications are now being accepted for 87 affordablehousing rental apartments now under construction at 920 Westchester Ave, in the Longwood section of the Bronx.

This building is being constructed through the Low-Income Affordable Marketplace Program (LAMP) of the New YorkCity Housing Development Corporation and the Low Income Rental Program (LIRP) of the New York City Departmentof Housing Preservation and Development. The size, rent, and targeted income distribution for the 87 apartments areas follows:

* Subject to Occupancy Criteria ** Includes gas for cooking *** Income guidelines subject to change

Qualified Applicants will be required to meet income guidelines and additional selection criteria. To request anapplication, mail a SELF ADDRESSED STAMPED ENVELOPE to: 922 Westchester Owners LLC c/o: TheWavecrest Management Team, 87-14 116th Street, Richmond Hill, NY 11418, or download fromwww.922Westchester.com. Completed applications must be returned by regular mail only (no priority,certified, registered, expressed or overnight mail will be accepted) to a post office box number, that will belisted with the application, and must be postmarked by 08/15/11. Applications postmarked after08/15/11 will beset aside for possible future consideration. Applications will be selected by lottery; applicants who submit more thanone application will be disqualified. Disqualified applications will not be accepted. A general preference will be given toNew York City residents. Current and eligible residents ofBronx Community Board 2 will receive preference for 50%of the units. Eligible households that include persons with mobility impairments will receive preference for 5% of theunits; eligible households that include persons with visual and/or hearing impairments will receive preference for 2% ofthe units; and eligible City of New York Municipal Employees will receive a 5% preference.

No Brokers Fee. No Application Fee.

MICHAEL R. BLOOMBERG, MayorNew York City Department of

Housing Preservation and DevelopmentMathew M. Wambua, Commissioner

New York City Housing Development CorporationMARC JAHR, Presidentwww.nyc.gov/housing

#Apts.Available ApartmentSize HouseholdSize* MonthlyRent** TotalAnnualIncomeRange***Minimum Maximum

27 Studio 1 $731 $26,846 $33,300

16 1Bedroom1

2$781

$28,594 $33,300

$28,594 $38,040

44 2Bedroom

2

3

4

$942

$34,149 $38,040

$34,149 $42,780

$34,149 $47,520

0


11/13


tD Chibl fondion to awd $2.5Million In Grants To Non-Profts Focusing Onaodbl Hosing Iniiivs

the tD Chariable Fndain, he chariable givingarm f tD Bank, annnced i will award $2.5 millinin gran ppr affrdable hing iniiaivehrgh i ih annal Hing fr Everyne gran

cmpeiin.

the Hing fr Everyne gran cmpeiin i nef he tD Chariable Fndain m widely knwnignare prgram.

The competition invites local non-prot organizationsfrm Maine Flrida bmi prpal liningheir plan and iniiaive ppr and prvideaffrdable hing iniiaive in heir cmmniie.

Twenty-ve organizations throughout TD Banks

fprin frm Maine Flrida will be awarded a$100,000 gran fr a al gran dnain f $2.5millin.

thi year Hing fr Everyne heme i Bildingfr he Fre, fcing n hree criical area inaffrdable hing:

Energy efciency, including weatherization initiatives,HVAC imprvemen, r implemenain f alernaiveor renewable energy sources;

Capaciy bilding, inclding he epanin fprgrammaic effr r aff develpmen frrganizain ha prvide affrdable hing ervicefor low-to-moderate-income individuals or in low-to-moderate-income communities. Infrastructureinvemen epand ervice prvided will al beconsidered;

And new ni creain, where rganizain fcheir effr n he creain f new affrdable hingunits that benet low-to-moderate-income individualsr cmmniie.

organizain ha wih ener he 2011 Hing frEveryone grant competition must have tax-exempt501(c)(3) status; must develop or maintain affordablehousing, or provide housing-related programs andservices to low-to-moderate-income individuals orfamilies; and serve the communities where TD Bankde bine. Applican rganizain m aldemonstrate scal responsibility and the impact theyhave made n affrdable hing effr in heircmmniie.

Prpal will nly be acceped nline a www.tDBank.cm (click n or Cmmniy) and m bebmied by 4 p.m. n Friday, sepember 2, 2011.Notication of awards will be made in late October2011.

Nw Yok Commniy ts Invis Nw YokCiy Ognizions o apply o Nighbohoodrvilizion Pogm

the New Yrk Cmmniy tr NeighbrhdRevializain Prgram i eeking prpal frprgram help reiden f New Yrk Ciy cpe wihecnmic hardhip.

the r i epecially inereed in ppringprgram and prjec erving neighbrhdwhere indicar f pvery and ecnmic hardhiphave remained bbrnly high, even dring gdecnmic ime.

thee inclde he sh Brn, Cenral Brklyn,Cenral Harlem and Wahingn Heigh, sheaQeen, and he nrh hre f saen Iland.

the cmpeiin i limied rganizain lcaed inand serving communities within the ve boroughs ofNew Yrk Ciy.

Applican rganizain m demnrae in heirprpal ha hey mee he fllwing prgramcriteria: at least one year of work in community-

based housing or economic development; evidencef cmpleing a prjec ha imprved cndiin in aneighborhood; strong neighborhood base, includingcmmniy reiden paricipain n he rganizainboard of directors; and the ability to work with otherrganizain and cniencie in he cmmniy,such as community boards and other nonprots.

Prjec fnding reqe hld n eceed $40,000.Last years Request for Proposals generated fty-twoeligible repne: ne frm saen Iland, welvefrm Qeen, fr frm he Brn, eigheen frm

Manhaan, and eveneen frm Brklyn.

Fr he cmplee Reqe fr Prpal, applicainreqiremen, and infrmain n la year granrecipien, vii he NYCt Web ie.

Deadline: Ag 19, 2011

hp://www.nycmmniyr.rg/Granseeker/ReqefrPrpal/NeighbrhdRevializainPrgram/abid/409/Defal.ap


12/13

AuGust 2, 2011 VoLuME xxxVI, NuMBER 16reSOurCeSConc Nm: Ssinbl Commniisrgionl Plnning Gn P-applicion

Deparmen f Hing and urban Develpmenis now in the grant pre-application process for Thesainable Cmmniie Reginal Planning GranPrgram. the prgram ppr merplian andmlijridicinal planning effr ha inegraehing, land e, ecnmic and wrkfrcedevelpmen, ranprain, and infrarcreinvemen in a manner ha empwer jridicin cnider he inerdependen challenge f: (1)economic competitiveness and revitalization; (2)social equity, inclusion, and access to opportunity;(3) energy use and climate change; and (4) publichealh and envirnmenal impac. the Prgramplace a pririy n inveing in parnerhip, incldingnnradiinal parnerhip (e.g., ar and clre,recreain, pblic healh, fd yem, reginalplanning agencie and pblic edcain eniie)

ha ranlae he Livabiliy Principle (secin I.C.1)into strategies that direct long-term developmentand reinvemen, demnrae a cmmimen addressing issues of regional signicance, use data toe and mnir prgre ward perfrmance gal,and engage akehlder and reiden in meaningfldecision-making roles.


Eimaed tal Prgram Fnding: $67,000,000

Link: hp://www07.gran.gv/earch/earch.d?&mde=VIEW&ppId=109013

Conc Nm: Sl-Hlp HomownshipOpponiy Pogm

Fnd hrgh he Deparmen f Hing and urbanDevelopments SHOP(Self-Help Homeownershipopprniy Prgram) will be awarded nainal andregional non-prot organizations and consortia tofaciliae and encrage innvaive hmewnerhippprniie n a nainal, gegraphically

diverse basis through the provision of self-helphmewnerhip hing prgram.

sHoP fnd m be ed fr land acqiiin, heinallain r imprvemen f infrarcre, and frreanable and neceary planning, adminirainand managemen c.

the average sHoP ependire fr he cmbinedc f land and infrarcre m n eceed$15,000 per dwelling ni. the cnrcin c f

he dwelling m be fnded wih her leveragedpblic and privae fnd.

SHOP homeowners must contribute a signicantamn f wea eqiy ward he prchae f heirni. Dnaed vlneer labr i al reqired.

Assisted units must be decent, safe, and sanitary non-lry dwelling ha cmply wih lcal bilding andafey cde and andard. thee ni m be ldto eligible low-income homebuyers at prices below theprevailing marke price.Deadline: sep 06, 2011

Fnding Amn: Eimaed tal PrgramFnding: $26,676,540


Conc Nm: fi Hosing Iniiiv Pogms Piv enocmn Iniiiv

Deparmen f Hing and urban Develpmeni acceping RFP fr fnding nder i fi HosingIniiiv Pogms - Piv enocmnIniiiv.This Initiative assists private, tax-exempt fair housingenfrcemen rganizain in he inveigainand enfrcemen f alleged vilain f he FairHing Ac. there are hree cmpnen nder hi

Initiative: General Component (PEI-M) (1) Multi-YearCmpnen. Eligible applican are Fair HingEnforcement Organizations (FHOs) or Qualied FairHing organizain (QFHo) wih a lea ner w year eperience, repecively, in cmplaininake, inveigain and fair hing eing. (seeChart on Section III.A. for additional and speciceligibiliy reqiremen) and (2) Mrgage ReceComponent (PEI-MRC): Eligible applicants areQFHo and FHo wh have he rganizainalcapaciy cmba abive mrgage pracice intheir communities. PEI-MRC has the same eligibility

as PEI-M with additional distinct requirements. (Seechar n secin III.A. fr all eligibiliy reqiremen).(3) PEI-PB continuation from FY 2009 and FY 2010.


Eimaed tal Prgram Fnding: $26,000,000


2


13/13

3 AuGust 2, 2011 VoLuME xxxVI, NuMBER 16

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Credit and collateral subject to approval. Only for Bank of America customers.Program rate, terms and conditions are subject to change without notice.THIS INFORMATION IS INTENDED FOR MORTGAGE AND REAL ESTATE PROFESSIONALUSE ONLY AND SHOULD NOT BE DISTRIBUTED OR SHOWN TO CONSUMERS OROTHER THIRD PARTIES.Bank of America, N.A. Member FDIC. Equal Housing Lender.2008 Bank of America Corporation AD-TL-T3

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Documents

August2,2011ANHDReader