NOTICE OF FUNDING AVAILABILITY AND APPLICATION

Transcription

1 Neighbrhd Services Department 2017 HOME INVESTMENT PARTNERSHIPS PROGRAM NOTICE OF FUNDING AVAILABILITY AND APPLICATION Applicatin Deadline January 12, 2017 City f Palmdale Neighbrhd Services Department Sierra Highway, 2 nd Flr Palmdale, CA 93550

2 TABLE OF CONTENTS Overview Page Funds Available Funding Limits Eligible Activities Eligible Applicants Eligible Beneficiaries & Affrdability Requirements Prject Selectin Prcess Applicant Submissin and Deadline Wh t Cntact With Questins Applicatin Instructins Applicatin Checklist Applicatin Frm A - G City f Palmdale 2017 HOME NOFA and Applicatin Page 1

3 OVERVIEW I. Funds Available The City f Palmdale receives HOME Investment Partnerships (HOME) funds each year frm the U.S. Department f Husing and Urban Develpment (HUD). The HOME prgram (CFDA N ) was authrized by Title II f the Cranstn-Gnzalez Natinal Affrdable Husing Act f 1990, and first became available in The purpses f HOME are t: (1) expand the supply f permanent affrdable husing fr lw and very lw-incme families and individuals, (2) t prmte partnerships between States, lcal jurisdictins and nnprfit rganizatins, and (3) t expand nnprfit rganizatins capacity t develp and manage affrdable husing. The City will make available an estimated $350,000 f HOME funds fr the develpment f affrdable husing pprtunities during fiscal year II. Funding Limits HOME funds are intended t leverage ther affrdable husing funds t maximize the resurces available fr the develpment f affrdable husing pprtunities, particularly in areas f the City where husing chices are limited. Other surces typically leveraged with HOME include public and private grants, lans, equity investments, Federal/State Tax Credits and in-kind cntributins. The ttal HOME award may nt exceed the HUD 221(d)(3) maximum per unit subsidy limits applicable at the time f HOME cmmitment fr the number f units that will be designated as HOME units. The current limits listed in the table belw are subject t change in Studi 1 Bedrm 2 Bedrms 3 Bedrms 4 Bedrms $140,107 $160,615 $195,304 $256,662 $277,344 Surce: U.S. Department f HUD, effective February 5, Fr hmewnership husing, the maximum purchase price / after rehabilitatin value may nt exceed the fllwing HUD 203(b) limits: 1 Unit 2 Unit 3 Unit 4 Unit Existing $394,000 $505,000 $611,000 $757,000 New $394,000 $505,000 $611,000 $757,000 Surce: U.S. Department f HUD, effective April, III. Eligible Activities Eligible prjects must (1) increase the supply f rental husing affrdable t lw-incme r special needs husehlds, (2) preserve existing affrdable husing that is likely t be lst, r (3) create hme wnership pprtunities fr lw-incme first-time hmebuyers. Preservatin prjects are defined as either prjects that will preserve units that will be City f Palmdale 2017 HOME NOFA and Applicatin Page 2

4 lst due t cnversin t ther uses r prjects where health r safety hazards put husehlds at risk f lsing their hmes. Funding is available fr the fllwing husing prject types: Site Acquisitin Develpment f Rental r Ownership Husing Rehabilitatin f Existing Rental r Ownership Husing Develpment f Transitinal Rental Husing Tenant Based Rental Assistance (TBRA) Tenant Displacement Strngly Discuraged: Where pssible, applicants are encuraged t prpse prjects that prevent r minimize displacement, such as acquisitin f vacant prperties, prperties being vluntarily sld by an wner-ccupant, rehabilitatin prjects that require nly temprary relcatin, r new cnstructin prjects. If funds will be used in a prject that invlves acquisitin f a prperty with residential r cmmercial tenants, federal Unifrm Relcatin Act r Sectin 104(d) requirements must be met. IV. Eligible Applicants Fr-prfit and nn-prfit applicants with a successful track recrd f develping affrdable husing pprtunities are eligible t apply fr HOME funds fr a specific prject in the City f Palmdale. Applicants must be registered in the Central Cntractr Registry (CCR) fund at have a valid DUNS number ( and may nt be debarred by the U.S. Gvernment ( Applicants will be required t demnstrate financial capacity and develpment experience cmmensurate with the prject fr which HOME funds are t be prvided. Submissin f recent audited financial statements, tax returns, a develpment prtfli and references is required. V. Eligible Beneficiaries and Affrdability Requirements Eligible Husehld Incmes: HOME units must be ccupied by lw- and very-lw incme husehlds. HOME Incme Limits Percent f Area Husehld Size Median Incme % AMI $30,400 $34,750 $39,100 $43,400 $46,900 60% AMI $36,480 $41,700 $46,920 $52,080 $56,280 80% AMI $48,650 $55,600 $62,550 $69,450 $75,050 Surce: U.S. Department f HUD, effective April 13, Belw Market Rate Rents: In additin t the abve incme limits, City Staff will review each prpsed prject t assure that prpsed rents cnfrm t the high r lw HOME City f Palmdale 2017 HOME NOFA and Applicatin Page 3

5 rents and are belw the market rate fr the area, thus prviding an affrdable husing pprtunity nt therwise available in the cmmunity. Affrdability Requirements -- Rental Husing: 90% f the HOME units must be rented t husehlds with incmes at r belw 60% f AMI (Prgram Rule). Further, 20% f the HOME units must be rented t husehlds with incmes at r belw 50% f AMI (Prject Rule). The maximum rents that may be charged fr very-lw incme units (50% f AMI), including a reasnable utility allwance fr utilities and services (excluding telephne) t be paid by very-lw incme husehlds must be the lesser f the lw HOME rents r the high HOME rents. The maximum rents that may be charged fr lw-incme units (up t 80% f AMI) including a reasnable utility allwance fr utilities and services (excluding telephne) t be paid by lw-incme husehlds must be the lesser f the high HOME rents r the Fair Market Rents. If the unit receives Federal r State prject-based rental subsidy and the Very Lw Incme family pays as cntributin tward rent nt mre than 30 percent f the family's adjusted incme, then the maximum rent (i.e., tenant cntributin plus prject-based rental subsidy) is the rent allwable under the Federal r State prject-based rental subsidy prgram. The maximum allwable rents each year will be based n the lw and high HOME rents published annually by HUD. In prjects where husing will be rehabilitated, rents charged after rehabilitatin shuld nt exceed the prir rent levels. Affrdability Requirements -- Ownership Husing: Maximum sales prices will be established fr husing develped fr first-time hme buyers, taking int accunt husehld incmes, current interest rates, a lw r n dwnpayment, and typical lending qualificatin guidelines. The prject must assure that husing will remain affrdable t eligible husehlds fr the term f the agreement, r that subsidy funds will be recaptured upn resale t allw develpment f additinal affrdable husing. VI. Prject Selectin Prcess City staff will cnduct an initial review f the applicatins t determine eligibility and cmpleteness. Applicants will be immediately ntified if they d nt meet the requirements upn initial review. Applicatins must meet initial review requirements t be cnsidered fr funding. Upn successful cmpletin f the initial review, Staff will evaluate the applicatins accrding t the fllwing criteria: Magnitude f need and cmpatibility with pririties identified in the City f Palmdale Cnslidated Plan City f Palmdale 2017 HOME NOFA and Applicatin Page 4

6 Apprpriateness f the site, structure, and prgram design fr the prpsed residents Financial feasibility f the prject Feasibility f prject design and scpe f wrk Capability and experience f the spnsr Capability and experience f the develpment team Staff recmmendatins fr funding will be made t the City Cuncil in a Public Hearing in May City Cuncil funding decisins will be final. All applicants will be ntified f the Cuncil s funding decisin. Disclaimer: The City f Palmdale reserves the right t nt award all available funds if submitted prpsals d nt meet the criteria fr evaluatin and funding. Funds nt allcated during this prcess may be awarded during a subsequent applicatin cycle fr new prpsals. Federal deadlines fr fund cmmitment may require reallcatin f husing develpment funds if implementatin f the prject is significantly delayed. VII. Applicatin Submissin and Deadline Applicatins are due t the City f Palmdale n later than 2:00 P.M., Thursday, January 12, A cmpleted applicatin must be submitted t: City f Palmdale Neighbrhd Services Department Sierra Highway, 2 nd Flr Palmdale, CA Attn: Sarah Sctt, Husing Crdinatr VIII. Wh t Cntact With Questins Fr any questins regarding the Entitlement funds, please cntact: Sarah Sctt, Husing Crdinatr City f Palmdale, Neighbrhd Services Department Phne: (661) ssctt@cityfpalmdale.rg City f Palmdale 2017 HOME NOFA and Applicatin Page 5

7 APPLICATION INSTRUCTIONS 1. Please read the Overview sectin carefully. 2. Cmplete all sectins f the applicatin frm and attach Prject Descriptin (Part 6) and Site and Prject Readiness (Part 7) narratives. 3. Attach the Required Attachments listed in Part 8 and the Optinal Attachments (if any) listed in Part Submit ne cpy f the cmpleted applicatin t: City f Palmdale Neighbrhd Services Department Sierra Highway, 2 nd Flr Palmdale, CA Attn: Sarah Sctt, Husing Crdinatr 5. Applicatins must be delivered by 2:00 P.M. n January 12, Pst marked and ed applicatins will nt be accepted. APPLICATION CHECKLIST Read the entire Request fr Prpsal and Applicatin Cmplete all sectins f the Applicatin (including required signatures and cntact infrmatin) Make a cpy f the Applicatin fr my recrds Mail r deliver the Applicatin t the City f Palmdale by 2:00 PM n January 12, 2017 City f Palmdale 2017 HOME NOFA and Applicatin Page 6

8 HOME Investment Partnerships Prgram Prject Applicatin ~ Prgram Year PART ONE: Organizatin Infrmatin and Cntacts Prject Title: Legal Name f Applicant: Address: DUNS Number: Federal Tax I.D. Number: Organizatin Type (check ne): Individual Fr-prfit crpratin r limited partnership Nn-prfit 501(c)(3) Cmmunity Husing Develpment Organizatin (CHDO) Cmmunity Based Develpment Organizatin (CBDO) Executive Cntact Infrmatin: Name f CEO/President: Address: Phne: Prject Cntact Infrmatin: Name f Prject Manager: Address: Phne: Persn t Cntact Regarding this Applicatin: Name: Address: Phne: Fax: Fax: Fax: City f Palmdale 2017 HOME NOFA and Applicatin Page G

9 Federal Grant Experience within the past 5 years: Prgram Prject Name Purpse f Federal Funds Date Obtained Funding Amunt Fiscal Year and Audit Reprts: Beginning / Ending Dates f Fiscal Year: Date f mst recently cmpleted financial audit: Fiscal Year fr mst recent financial audit: PART TWO: Eligible Activity Prject Name: Prject Address r Lcatin: Assessr s Parcel Number(s): Fr Acquisitin and/r Rehabilitatin Husing Stck Only (check ne): Existing Privately Owned Existing Publicly Owned Other (please specify) Prject Activities (check all that apply): Acquisitin Rehabilitatin New Cnstructin Tenant Based Rental Assistance (TBRA) Multi-family Single Family Transitinal Shelter City f Palmdale 2017 HOME NOFA and Applicatin Page H

10 Ppulatins (check all that apply): Families Individuals Special Needs Senirs PART THREE: Target Ppulatins Length f Cmmitment t Target Ppulatin: (Must be at least 45 years) Number f Units fr Special Needs Ppulatins: Units Ppulatin Mentally Ill Develpmentally Disabled Dmestic Vilence Elderly Hmeless HIV/AIDS Alchl/Substance Abuse Farmwrker Yuth Under Age 21 Other (Specify): PART FOUR: Prpsed Number f Units Per Size and Incme Level % Median Incme Studi One Bedrm Tw Bedrm Three Bedrm Fur Bedrm Five Bedrm Ttals % % % % % Ttal: City f Palmdale 2017 HOME NOFA and Applicatin Page I

11 PART FIVE: Permanent Capital Funding Surces and Ttal Develpment Cst Residential Surce Prpsed Funding Cmmitted / Cnditinal Funding Ttal Funding Palmdale HOME Ttal Residential Develpment Cst Nn-Residential Surce Prpsed Funding Cmmitted/ Cnditinal Funding Ttal Funding Ttal Nn-Residential Develpment Cst Ttal Develpment Cst Prpsed Funding Cmmitted/ Cnditinal Funding Ttal Funding TOTAL DEVELOPMENT COST Signature f Authrized Official The undersigned applicant hereby certifies that the infrmatin cntained herein and in the attached dcuments is true and crrect. The applicant understands that applicant must cmply with all Federal, State and lcal plicies and requirements applicable t the HOME prgram. The applicant further certifies that n mre gvernment assistance has been requested than is necessary t prvide affrdable husing. The applicant understands that if HOME funds are apprved fr this prject, the applicant shall manage, maintain, and perate the prject during the perid f affrdability unless given specific apprval frm the City t d therwise. The applicant hereby certifies that if HOME funds are apprved fr this prject in the requested amunt, applicant shall btain sufficient funds t cmplete the prject as prpsed within fur (4) years f the date f cmmitment f City f Palmdale HOME funds. Signature: Title: Name: Date: City f Palmdale 2017 HOME NOFA and Applicatin Page J

12 PART SIX: Prject Descriptin (Attach Respnse; Limit Respnse t Five Pages) Prvide a cmplete but succinct descriptin f the prject and the ppulatin t be served. Include the fllwing: Describe the prperty t be acquired, cnstructed and/r rehabilitated. Include a physical descriptin f the planned prject that includes the size, number f stries, type f cnstructin, layut f the buildings, and any ther unique features f this particular prject and target ppulatin. If existing buildings, give the date f cnstructin. If yur rganizatin already wns the prject, when did yur rganizatin purchase it and what was the purchase price? Prvide a detailed descriptin f any planned cnstructin, rehabilitatin r ther site imprvements, including prject design elements. If a rehabilitatin prject, explain why rehabilitatin is preferred ver new cnstructin and envirnmental r abatement issues fr this prject and ppulatin. Prvide a descriptin f the type f husehld t be served, including infrmatin such as the number f tenants, the size and descriptin f the husehlds, and knwn special characteristics f tenants (i.e., age, disabilities, special needs, etc.). Als include a descriptin f the living arrangement (i.e., individual apartments, shared husing with nsite management, etc.). Describe any design features r material specificatins that accmplish the fllwing: Prmte the health and safety f the residents. Make the prject mre durable/sustainable ver its lifetime. Minimize the use f resurces in either cnstructin r peratin f the building. Increase affrdability fr residents wh will pay at least a prtin f their utility bill Explain why the chsen design features are respnsive t the husing needs f the target ppulatin. Describe the lcatin f the prject and its surrunding neighbrhd. Include a discussin f transprtatin ptins, nearby services, etc. Hmewnership Prjects: 1. Describe the hmewnership units, such as single-family units, duplex, twnhuse, etc. and wnership mdel. 2. Describe the dwn payment assistance mdel prpsed including term, rate, deferral perid, and cntingent interest shared equity frmula r right f first refusal. 3. Describe the prpsed repayment plan. City f Palmdale 2017 HOME NOFA and Applicatin Page K

13 Tenant Based Rental Assistance: Describe the rental assistance mdel prpsed including: Statement f need Prject scpe Descriptin f the type f husehld t be served, including infrmatin such as the number f tenants, the size and descriptin f the husehlds, and knwn special characteristics f tenants (i.e., age, disabilities, special needs, etc.) Participant Outreach Participant selectin prcess Retentin Assistance Prgram Outcmes PART SEVEN: Site and Prject Readiness (Attach Respnse; Limit Respnse t Five Pages) Prvide a descriptin f the prpsed r actual site and discuss any issues f site cntrl, zning, special permits, envirnmental hazards and hw they can be reslved in a timely manner. Be sure t describe: Current status f architectural plans and design, and prject financing and hw they cntribute t the timeliness f the prpsed schedule. Please include the prpsed schedule. Zning fr the site and if the prpsed prject is cnsistent with existing zning requirements and the permit prcess. If the prject is nt cnsistent with zning, indicate steps taken t reslve the issue(s). Issues r hazards, man-made r natural, assciated with the site that will affect its develpment and/r use fr husing. Include a discussin f any recmmendatins fr mitigatin f existing cnditins nted in the Phase I Envirnmental Assessment. Fr rehabs, discuss any recmmendatins fr abatement f asbests, lead paint, r mld nted in the Hazardus Material Survey. In the case f scattered site rentals, if a site has nt been identified, describe the characteristics f the lcatin being sught and dcument the availability f applicable sites and the timeline fr btaining site cntrl. City f Palmdale 2017 HOME NOFA and Applicatin Page L

14 PART EIGHT: Required Attachments The fllwing attachments must be submitted with the applicatin: 1. Articles f Incrpratin. 2. Bylaws. 3. Mst recent filed Federal Tax Return. 4. Mst recently cmpleted financial audit (with statements). 5. List f at least three (3) references fr prjects f a similar nature cmpleted within the last five (5) years. 6. A detailed prject pr frma that includes the develpment budget with surces and uses f funds, permanent financing budget, perating budget, and a minimum 20-year cash flw prjectin. 7. A detailed implementatin schedule frm acquisitin t ccupancy, including significant milestnes and dates. 8. If relcatin will be required fr this prject, attach a relcatin plan that is cnsistent with the requirements f the Unifrm Relcatin Act, including a budget fr expenses related t relcatin. 9. Resumes and references fr each member f the prpsed develpment team, inclusive f develper, architect, cnsultants, and prject manager, as applicable. 10. Fr rental prjects, include an asset management plan, including the names f thse respnsible fr asset management, prperty management, and service prvisin (special needs prjects). 11. Fr Tenant Based Rental Assistance (TBRA) include prgram budget. PART NINE: Optinal Attachments The fllwing attachments must be submitted with the applicatin if they are available: 1. Market studies fr this prject (if already cnducted). 2. Architectural renderings / elevatins. 3. Other infrmatin as determined by applicant. City f Palmdale 2017 HOME NOFA and Applicatin Page M