city of salinas economic development element (ede)
TRANSCRIPT
City of Salinas FY14-15 Request For Proposal (RFP)
Community Development Block Grant (CDBG) HOME Investment Partnerships Program (HOME)
Emergency Solutions Grant (ESG)
CELEBRATE YOUR HARD WORK!!!
MAY 2014: SALINAS VALLEY CITIES WILL CELEBRATE “NATIONAL COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING WEEK”
PG & E Grant for expenses, MST providing tour buses to visit projects and programs
See flyer about possibilities
OTHER RESOURCES
https://www.onecpd.info
www.hudhre.info
www.ci.salinas.ca.us
www.citydataservices.net
ecfr.gpoaccess.gov
AGENDA 9:00am – 10:45am - Welcome, Introductions - RFP Process, Key Dates - CDBG Basics/Eligibility - CDS Application Parts 1 to 8 - CDS Application Part 9, 1 to 8 Public Service, Questions - CDS Application Part 9, 1 to 8 CIPs, Questions - CDS Application Part 9, Rental Housing Rehab - CDS Application Part 9, Owner Housing Rehab - Section3 / Lead Based Paint/ Uniform Relocation Act - Economic Development Element of City General Plan, - CDBG Economic Development - ESG Basics - CDS Application Part 11, 1 to 7, ESG, Questions - After the Award: Agreement, Reporting
AGENDA 9:00am – 10:45am…. - CDBG Economic Development - ESG Basics - CDS Application Part 11, 1 to 7, ESG, Questions - After the Award: Agreement, Reporting 11:00 am – 11:15am -Break 11:15 am – 12:00pm - HOME Basics and Changes in HOME Regs - Application Part 10, 1 to 27 Housing - Questions
KEY DATES
Proposals Due – Thursday, January 23, 2014
at 4:00 p.m
City Council Subcommittee Meetings City Council Public Hearing/Approve Action
Plan - May 6, 2014
RFP PROCESS
Application Review Process
Staff Review
City Council Subcommittees Review
Public Hearing
Application for CDBG Funding Nearly Identical to City of Salinas Use City Data Services to Apply Online County RFP Workshop: 10AM, December 16 (not mandatory) Applications Due Same Date:
JANUARY 23, 2014
COORDINATION WITH PROCESS OF MONTEREY COUNTY
CDBG ELIGIBILITY
Selecting Activities that Comply
[24 CFR 570.201 to 570.207]
Meeting a National Objective
[24 CFR 570.208]
CDBG ELIGIBILITY [24 CFR 570.201 to 570.203]
Eligible Activities: Acquisition and disposition of
real property; clearance or demolition;
homeownership assistance; rehabilitation activities;
public facilities and improvements; public services;
special economic development activities and micro-
enterprise assistance.
CDBG ELIGIBILITY [24 CFR 570.207]
Ineligible Activities: Assistance for buildings used
for the general conduct of government; local
government expenses; political activities; new
housing construction; income payments; and
activities not primarily benefiting lower income
Salinas households.
CDBG ELIGIBILITY [24 CFR 570.208]
Meeting a National Objective 1. Benefiting low-and moderate-(L/M) income persons;
a) Area Benefit b) Limited Clientele c) Housing d) Jobs
2. Addressing slums or blight; or 3. Meeting an urgent community development need
CDBG ELIGIBILITY Area Benefits vs. Limited Clientele
a) Area Benefit: An activity that benefits all residents in a particular area, where at least 51 percent of the residents are low and moderate-income persons. Records to be maintained:
1) Boundaries of the service area 2) Data showing the percent of low and moderate-income persons residing in the service area
CDBG ELIGIBILITY [24 CFR 570.208]
Meeting a National Objective 1. Benefiting low-and moderate-(L/M) income persons;
a) Area Benefit b) Limited Clientele c) Housing d) Jobs
2. Addressing slums or blight; or 3. Meeting an urgent community development need
CDBG ELIGIBILITY Area Benefits vs. Limited Clientele
i. Limited Clientele: An activity that serves a limited group, where at least 51 percent are low and moderate- income. Income levels must be documented.
A. Presumed Benefit -Abused children -Battered spouses -Elderly persons -Disabled adults -Homeless persons -Illiterate adults -Persons living with AIDS -Migrant farm workers
B. Client Document Review C. Income Certification
CDBG ELIGIBILITY Limited Clientele
Records to be maintained:
1) Designed for and used by a segment of the presumed population
2) Nature and location of the activity establishes that it will primarily benefit L/M income persons
3) Data showing the size and annual income of the family of each person receiving the benefit
CDBG ELIGIBILITY Area Benefits vs. Limited Clientele
ii. Limited Clientele: An activity that serves to remove material or architectural barriers to the mobility or accessibility of elderly persons or of adults meeting the definition of severely disabled.
iii. Limited Clientele: Microenterprise assistance activity to benefit new and existing microenterprises (five or fewer employees, including owner who is L/M.
iv. Limited Clientele: A job training and placement and/or other employment support services activity.
CDBG ELIGIBILITY [24 CFR 570.208]
Meeting a National Objective Benefiting low-and moderate-(L/M) income persons;
• Area Benefit • Limited Clientele • Housing • Jobs
Addressing slums or blight; or Meeting an urgent community development need
CDBG ELIGIBILITY Housing Activity: An eligible activity carried out for the purpose of providing or improving permanent residential structures which, upon completion, will be occupied by low- and moderate-income households.
Records to be maintained:
1) Written agreement with # of units to be occupied by L/M
2) Total cost of project, both CDBG and non-CDBG
3) For each unit occupied by L/M persons, size of household, ethnicity, and income
CDBG ELIGIBILITY [24 CFR 570.208]
Meeting a National Objective Benefiting low-and moderate-(L/M) income persons;
• Area Benefit • Limited Clientele • Housing • Jobs
Addressing slums or blight; or Meeting an urgent community development need
CDBG ELIGIBILITY Job Creation / Retention: designed to create or retain permanent jobs where at least 51 percent of that, computed on a full-time equivalent (FTE) basis, involve the employment of low- and moderate-income persons.
Records to be maintained:
1) Written agreement, containing commitment by the business that it will make at least 51 percent of the FTE jobs available to L/M persons 2) Listing by job title of the permanent jobs filled, and which jobs were available to L/M persons,
APPLICATION CDS ONLINE SYSTEM
www.citydataservices.net
New users – login & password: SAL2014
Existing users must use their current login
and password
SECTION 3 ACT [24 CFR Part 135]
Section 3 of Housing & Urban Development Act of 1968
What is Section 3? Requires to the greatest extent feasible, HUD funds for housing construction, rehab. or other public construction Job training
Employment
Contracting opportunities
Section 3 Residents & Section 3 Business Concerns
SECTION 3 ACT Who is a Section 3 Resident?
Public Housing resident
Low-income(80%) or a very-low income(50%) person
Who is a Section 3 Business Concern?
51% or more owned by Section 3 residents
At least 30% of its full-time staff are Section 3 residents
Subcontract to Section 3 Business, 25% or +
Section 3 Applicability/Funding Thresholds:
Awards of $200,000 more
Contracts/Subcontracts of $100,000 +
SECTION 3 ACT Section 3 Trigger:
When new jobs and/or contracting opportunities are
created during the completion of the covered activity
Section 3 Numerical Goals (minimum/annual):
Employment: 30% of aggregate number of new hires
Contracting:
10% of total dollar amount of all Sec. 3 contracts
awarded to Sec. 3 businesses
3% of total dollar amount of all non-construction
covered contracts awarded to Sec. 3 businesses
SECTION 3 Covered Projects
Wesley Oaks Subdivision -single-family rental units -over $100,000 of HOME funds
East Salinas Street Lights Phase 12 & E. Market Street Roadway Improvements -over $100,000 of CDBG funds
LEAD-BASED PAINT [24 CFR Part 35] Subpart J - Rehabilitation
Housing Constructed prior to 1978
Notification/Disclosure
Lead Hazard Information pamphlet
Notice of Lead Hazard Evaluation or Presumption
Clearance Test
Notice of Lead Hazard Reduction Activity
UNIFORM RELOCATION ACT (URA) [24 CFR 886.138] N/A To Owner Occupied Units Minimizing displacement - owners shall assure that they
have taken all reasonable steps to minimize the displacement of persons as a result of a project assisted;
Temporary Relocation to include the following: Reimbursement for all reasonable out-of-pocket expenses
incurred in connection with the temporary relocation, including the cost of moving to and from the temporary housing and any increase in monthly rent/utility costs; and
Appropriate advisory services, including reasonable advance written notice of:
The date and approximate duration of the temporary relocation;
The location of the suitable, decent, safe, and sanitary dwelling to be made available for the temporary period.
Relocation costs can become a financial burden on projects without a proper Relocation Plan in place.
LANGUAGE ASSISTANCE PLAN
Ensures access to government-funded programs for persons of Limited English Proficiency (LEPs)
CDBG Agreement recommends subrecipients maintain Language Assistance Plan (LAP)
City has prepared sample LAP template
LANGUAGE ASSISTANCE PLAN
Census data for Salinas: LEP languages are Spanish and Tagalog
Agencies should add languages according according to their own experience with clients
Translations/Interpretations not intended to be financial burden to Agency
ECONOMIC DEVELOPMENT ELEMENT OF GENERAL PLAN
Process underway to ensure land use and City policies updated to facilitate economic development
Input by CDBG staff, agencies and public to help synch up anti-poverty, Con Plan and Continuum of Care strategies
Draft in February 2014
City of Salinas Economic Development Element (EDE)
Focus Areas of EDE Process - Vision
Vision for Economic Prosperity
City of Salinas Economic Development Element (EDE)
Where We Have Been
2013 June August October November February 2014
Step 1 Step 2 Step 3 Step 4
Team kick-off and Market Assessment
Community Outreach Economic Development Site
Assessment, Strategies, and Visioning
Prepare Administrative Draft EDE
Draft EDE for Public Review
Note: Two other steps are required for the City Council to adopt the Draft Element – Public Hearings with the City Boards and Commissions and with the City Council. These steps are estimated to occur in March and April of 2014.
Four Step Approach Today
City of Salinas Economic Development Element (EDE)
Where We Have Been
Community Conversation to Date (Community Outreach Program) • SPARC started the Community conversation about economic prosperity in Salinas
several years ago. • The City, SPARC, COPA, BHC and Resource Group are carrying the conversation forward
to a strategy and policy plan with a grassroots, community wide outreach program, in English and Spanish
• Focused Stakeholder Group and Individual interviews: 14 held August 28-29 (with approximately 70+ people in attendance); additional 7 groups interviewed since then, more scheduled (e.g. Hartnell, SVMHS, CHISPA, CSUMB, etc)
• Presentations to Community Organizations (ie SUBA, OSA, Chamber of Commerce, etc) • Resource Group meeting #1 : August 28th – Identifying Opportunity Sites (Held in South
Salinas) • Resource Group Meeting #2 : September 23rd Refining Opportunity Sites (Held in East
Salinas) • Ciclovia: October 6: EDE Activity Booth sponsored by Building Healthy
Communities
City of Salinas Economic Development Element (EDE)
Where We Have Been
Community Conversation to Date (Community Outreach Program) • Public Workshop: October 16th Community Priorities: Issues and Strategies for Citywide
Prosperity (Held in Central Salinas) • Targeted Outreach: Led by COPA October 7 through December 11 • Resource Group Meeting #4 – December 11, 2013 (To be held in North Salinas) • Ensured consistency with City Economic Development branding, logo, taglines • Conducted media orientation to ED Element with local and regional media outlets • Developed and Disbursed multiple-page fact sheets, and invitations to events • Maintained website presence on salinasinbusiness.com and city website • Created and maintained stakeholder distribution data base with over 450 contacts • Launched Constant Contact email event invite to distribution list • Developed, disbursed and currently collecting ED Element questionnaires/surveys
City of Salinas Economic Development Element (EDE)
Where Have We Been
Preparation of Technical Studies and Research • General Research on ED Elements in Other Communities (Project Team) • Analysis of Existing Studies and Research on ED Data for Salinas and Monterey
County (Project Team) • Target Industry Analysis (ADE) • Retail Development Analysis (ADE) • Site Opportunities and Constraints Analysis (EPS) • Policy Issues and Constraints Analysis (EMC) • Infrastructure and Resource Constraints Analysis (City Public Works. EMC) • Identification and Research on Economic Indicators (ADE, BHC)
City of Salinas Economic Development Element (EDE)
Where We Are Now
Project Deliverables/Outcomes • Economic Opportunity Areas • Preliminary Topic Areas for Goals, Strategies/Policies • Draft ED Indicators
City of Salinas Economic Development Element (EDE)
Workshop Discussion Goal Topics
1. Jobs and Workforce Development 2. Existing and New Businesses 3. Neighborhoods and Commercial Areas 4. Retail, Entertainment, and Tourism 5. Quality of Life
• Youth / Education • Health • Transportation • Crime • etc.
Where We Are Now
City of Salinas Economic Development Element (EDE)
Economic Indicators 1. Crime rate (safety) 2. Unemployment rate 3. Median household income 4. Poverty rate 5. Jobs/housing balance 6. Match between worker skills & jobs
available 7. Educational attainment 8. Academic performance index 9. High school dropout rate 10. Retail sales per capita 11. General fund revenue
per capita 12. Building healthy community
Indicators
City of Salinas Economic Development Element (EDE)
Where We Are Going
• Conduct December 11, 2013 BHC East Salinas Workshop • Continue COPA Civic Engagement House Meetings • Conduct January 16 Resource Group Meeting • Complete Stakeholder Interviews and Presentations • Prepare the Administrative Draft EDE • Present Draft ED Element to the City Council/Planning Commission at a Joint Workshop, Mid/Late February, 2014
NEXT EDE PUBLIC MEETING
December 11 6 PM Cesar Chavez Library Sponsored by Building Healthy
Communities
ECONOMIC DEVELOPMENT ELIGIBLE ACTIVITIES
24 CFR 570.201 (o): Grants, loans, financial support for
establishment, stabilization and expansion of microenterprises
Technical assistance, training, and general support to owners of microenterprises or persons developing microenterprises
SPECIAL ECONOMIC DEVELOPMENT ACTIVITIES
24 CFR 570.203: Acquisition, construction, rehab of
commercial or industrial buildings, structures, or improvements
Assistance to a private for-profit business: grants, loans, technical assistance, and other forms of support
ED Services: e.g. outreach to market assistance, applicant screening, underwriting, agreement preparation
SPECIAL ECONOMIC DEVELOPMENT ACTIVITIES
24 CFR 570.203(c): Screening, referral and placement of
applicants for employment opportunities generated by CDBG-eligible economic development activities, including the costs of providing necessary training for persons filling those positions
ECONOMIC DEVELOPMENT EVALUATION GUIDELINES
24 CFR 570.209: Underwriting guidelines: Project costs are reasonable All sources of project financing are
committed CDBG funds not substituted for non-
federal financial support Project is financially feasible
ECONOMIC DEVELOPMENT EVALUATION GUIDELINES
24 CFR 570.209: Underwriting guidelines: Return on investment not unreasonably
high CDBG funds disbursed on pro rata
share with other project finances Standards for evaluating public benefit
met Job creation/retention standards
ESG OBJECTIVES [24 CFR 576.1] Rehabilitate or convert buildings for use as emergency shelters for the homeless Expenses of operating emergency shelters Provide essential services related to emergency shelters
and street outreach
Homelessness prevention and rapid re-housing assistance
ESG COMPONENTS Administration
Street Outreach
Emergency Shelter
Homelessness Prevention
Rapid Re-housing assistance
Homeless Management Information System (HMIS)
STREET OUTREACH Serves unsheltered homeless people
Essential services include:
Engagement
Case management
Emergency health and mental health services
Transportation
Services for special populations*
SPECIAL POPULATIONS
* Include homeless youth, homeless
persons with HIV/AIDS, and homeless
victims of domestic violence, dating
violence, sexual assault, or stalking.
EMERGENCY SHELTER Serves families and individuals in emergency shelters
Essential services include:
Case management
Child care, education, employment assistance and job
training, life skills training
Legal services
Health, mental health, and substance abuse services
Transportation
Services for Special populations*
EMERGENCY SHELTER
Shelter activities include:
Renovation (including major rehab or conversion)
Operations (e.g., maintenance, rent, utilities, equipment,
insurance, security, furnishings, food, supplies)
HOMELESSNESS PREVENTION Available to persons:
Below 30% of AMI
At risk of becoming homeless
To prevent homelessness
To help regain stability in current housing or other
permanent housing
Activities include:
Housing relocation and stabilization services
Short- and medium-term rental assistance
RAPID RE-HOUSING Available to those that are literally homeless
To assist the homeless to move into permanent housing
and achieve housing stability
Activities include:
Housing relocation and stabilization services
Short- and medium-term rental assistance
RELOCATION AND STABILIZATION Allowable activities under both Homeless Prevention and Rapid Re-housing components: Financial Assistance:
Moving costs
Rent application fees
Security deposit
Last month’s rent
Utility deposit
Utility payments
Services:
Housing search/placement
Housing stability case mgmt
Mediation and legal services
Credit repair/ budgeting/
money management
RENTAL ASSISTANCE Allowable activities under both Homeless Prevention and Rapid Re-housing components: Rental Assistance - Up to 24 months of rental assistance
during any 3-year period, including one-time payment for
up to six months of rent arrears on the tenant’s portion of
the rent.
Short-Term: up to 3 months
Medium-Term: 4 to 24 months
Type: Tenant-based or project-based.
OTHER ESG REQUIREMENTS
Consistency with City’s Consolidated Plan
Dollar-for-dollar match (cash or in-kind)
Performance reporting
HMIS participation
Financial reporting in IDIS
ESG REGULATIONS
Cap on total of City grant to street outreach
and emergency shelter activities combined:
60% of the fiscal year’s total ESG grant award
Cap on City’s administrative expenses: 7.5%
COUNCIL’S ESG FUNDING PARAMETERS
How activity meets demonstrated need
Degree to which activity addresses Council goals
How well leveraged/collaboration
Rapid Re-housing activities highest priority
Agency capacity, prior performance in ESG
Relation of total budget and ESG funding amount
AFTER THE AWARD…. Action Plan submitted to HUD by May 15,
2014 Approval from HUD, dependent on
Congress confirming $$$, usually August-September
Environmental Reviews June-September City Agreements executed Sept-October
AFTER THE AWARD….
Spend $$ on approved project/program when the environmental review is completed
Reimbursement on Quarterly or Monthly basis
Submit reimbursement requests and reports on activities and numbers/types of beneficiaries using CDS.NET
15-MINUTE BREAK
Community Development Block Grant (CDBG) HOME Investment Partnerships Program (HOME)
Emergency Solutions Grant (ESG) FY14-15 RFP
Next Section-HOME
HOME ACTIVITIES
[24 CFR 92.205 to 92.209]
Eligible Activities: New construction or rehabilitation of
housing; conversion of buildings to housing; site
improvements; acquisition of property; demolition and
relocation costs; capitalization of project reserves;
downpayment assistance activities; and project-related soft
costs.
HOME ACTIVITIES [24 CFR 92.214]
Prohibited Activities: Project reserve accounts (except
for initial operating deficit reserves); tenant-based rental
assistance for certain purposes; match for other
programs; development, operations or modernization of
public housing; project-based rental assistance; payment
of delinquent taxes, fees or charges.
2013 HOME REGULATORY CHANGES [24 CFR 92.3] –
Final HOME Rule published on July 24, 2013
Applies to HOME commitments as of August 23, 2013
Various exceptions
Requirements w/delayed implementation Eff. Date Project-Specific CHDO Reservations October 22,2013
(implemented for deadlines on or after 1/1/2015)
Homebuyer Procedures [§92.254 (f)] January 24, 2014 Written Policies, Procedures & Systems [§92.254 (f)] and Financial Oversight [§92.504(d)(2)]
July 24, 2014
5- year CHDO Expenditure Deadline implemented for deadlines on or after 1/1/2015
Property Standards [§92.251] January 24, 2014
GOALS & OBJECTIVES OF RULE Clarify existing regulatory requirements
Establish new requirements
Enhance accountability & performance
Achieve more timely production of housing
Improve monitoring & oversight
Incorporate best practices as required procedures
Address CHDO capacity/performance issues
Achieve alignment with other federal housing programs
KEY CHANGES Program & Project Timeframes
CHDO Reservation
Written Agreements
Subsidy Layering & Underwriting
Written Policies & Procedures
Definition of Project Completion
Property Standards
Oversight of Rental Projects
New & Revised CHDO Roles, capacity requirements
DEFINITION CHANGES
[24 CFR 92.2] –CRITICAL CHANGE
Commitment: HOME funds cannot be committed until:
•All necessary project financing has been secured
•A budget and production schedule established
•Underwriting & subsidy layering analysis completed
•Construction expected to start within 12 months
Project Completion: A project is complete when:
All construction work complete & property standards met
•Final drawdown of HOME funds disbursed
•Project completion entered in IDIS
NEW DEADLINE REQUIREMENTS
[24 CFR 92.205 (e)(2)] –CRITICAL CHANGE
Project Deadlines:
•4 year project completion deadline (from agreement date)
•9 month deadline for sale of homebuyer units
•18 month rental occupancy deadline
5 year CHDO expenditure deadline:
•Project completion entered in IDIS
WRITTEN POLICIES & PROCEDURES
[24 CFR 92.250] –CRITICAL CHANGE
Written Policies & Procedures to Include:
•Project underwriting and subsidy layering (§92.250)
•Homebuyer underwriting [§92.254(f)]
•Risk-based monitoring [§92.504(a)]
•Inspection procedures [§92.504(d)]
•Rehabilitation Standards [§92.251(b)]
INCOME ELIGIBILITY DETERMINATION
[24 CFR 92.203] –CRITICAL CHANGE
Revised to:
•Examine at least 2 months of source documentation
•Count income of ALL adult household members •Use single definition of income for City’s HOME program, or for each rental project. Rule eliminates Census Long Form as allowable
annual income definition
ELIGIBLE COSTS
[24 CFR 92.206 (d) (1)]
Project Pre-development Costs:
•Allows City to reimburse developers for pre-development
soft costs incurred up to 24 months before commitment of
HOME funds Eligible Pre-development Costs include:
•Cost necessary to develop and prepare plans, drawings,
specs or work write-ups, etc.
•Written agreement must permit reimbursement
PROJECT EVALUATION
Establish Guidelines to ensure long-term project sustainability:
•Subsidy layering and underwriting guidelines
•Market Assessment
•Developer capacity and fiscal soundness
•Marketing Plan Applies to Rental and Homebuyer development projects
RENTAL PROJECTS
[24 CFR 92.2 ] –Definitions to HOME rental housing
revised:
Housing, specifically excludes:
•Student housing in any configuration; dormitories,
including those for farm workers
SRO, clarifies: Designation as an SRO cannot be inconsistent with local zoning and building code classifications.
RENTAL ACTIVITIES & COSTS
[24 CFR 92.2 ]
Rule makes changes to:
•Eligible Activities (§92.205)
•Eligible project costs (§92.206)
•Eligible TBRA costs
•Prohibited Activities and fees (§92.214)
Trouble Projects: (§92.210)
SUSTAINABILITY OF RENTAL HOUSING
[24 CFR 92.250 (b) ]
Underwriting & Subsidy Layering required for ALL:
•HOME funds required
•Reasonable profit or return on owner investment
•Financial viability for entire affordability period
•Sources and Uses
•Market demand for project
[24 CFR 92.251 (b)(1) ]
Capital Needs Assessment Required
•Rehab projects of 26 or more total units
OCCUPANCY REQUIREMENTS
[24 CFR 92.252 ]
Rental projects must achieve initial occupancy:
•Within 18 months construction completion
•For units not leased within 6 months, must report on
current marketing efforts and, if appropriate forward
enhanced marketing plan to HUD
•If unit has no initial occupancy within 18 months, must
REPAY HOME funds invested in the unit.
HOME RENTS
[24 CFR 92.252 ]- Rents
Clarifies that: •More than 20% of HOME units can be designated as LOW HOME Rent units •Requires City to annually review and approve rents for each HOME-assisted rental project.
[24 CFR 92.252 ] – HUD Utility Schedule Determine individual utility allowance for each rental: -using HUD Utility Schedule Model, or -determining utility allowance for a project based on specific utilities used at the project. - update annually for each project
INSPECTIONS
[24 CFR 92.504 (d) ]-
Owner Must: •Certify annually units are suitable for occupancy
Development of Inspection Procedures [§92.251 (f)(4)] Required Inspections -At construction completion, within 12 months of completion, and at least 3 every 3 years - Projects with health/safety issues inspected more frequently. 1-4 HOME-assisted units (100% of units inspected) 5+ HOME-assisted units (HUD to provide guidance)
FINANCIAL OVERSIGHT
[24 CFR 92.504 (d) (2) ]- Annual Review of Financial Conditions of Project with 10 more units:
If problems identified: More frequent reporting/monitoring Technical Assistance Assist to identify non-federal funding or another appropriate owner.
HOME INCOME LIMITS HOME-Assisted Unit:
Rent, occupancy and/or resale restrictions
Maximum HOME Investment:
Section 221 (d)(3) limits
HOME Income Limits:
Low (80%) or Very Low-income (50%)
Program Targeting:
Rental Housing-5+units,20% + HOME-units @ 50%
AMI