Applicants for program activity funds with one or more active state HOME contracts must have expended at least 50 percent of the aggregate total of program funds originally awarded under these contracts to be eligible to apply for additional program activity funds. Applicants for projects that miss three project deadlines are currently ineligible to apply for funds in the next NOFA. However, the Department may waive this holdout penalty if the missed project deadline was clearly outside the control of all of the following parties: the applicant, developer, owner, and managing general partner. Project applications must show adequate evidence of site control and demonstrate financial feasibility. HOME requires certain documents to evaluate feasibility, including but not limited to a market study (or other market information for FTHB development activities), appraisal, and Phase I/Phase II Environmental Site Assessments (ESA) for new construction projects or lead, asbestos, and mold assessments for rehabilitation projects. Project applications must also certify there are no pending lawsuits preventing implementation of the project as proposed. FTHB projects and all program activities must also submit guidelines governing the allocation of mortgage assistance funds to individual homebuyers. Rental projects must demonstrate compliance with Article XXXIV of the California Constitution and CHDO applicants must also demonstrate effective project control pursuant to federal and state HOME requirements. All proposed HOME activities must be evaluated according to underwriting standards addressing federal HOME requirements at , as applicable. For more information see of state HOME Regulations. What are the outcome measures expected as a result of the method of distribution? Based on trends in prior year completion data and additional demand for TBRA, in the upcoming fiscal year HOME estimates completing in the upcoming fiscal year construction on 147 rental units (includes RNC and Rental Rehab) and 35 homebuyer units (FTHB NC); rehabilitating 62 OOR units, assisting 76 FTHB program activity households, and providing TBRA to 77 households. HOPWA Describe the State Program addressed by the Method of Distribution. State Housing Opportunities for Persons with AIDS (HOPWA) serves counties (including cities within those counties) that do not receive a HOPWA allocation directly from HUD.
Applicants for program activity funds with one or more active state HOME contracts must have expended at least 50 percent of the aggregate total of program funds originally awarded under these contracts to be eligible to apply for additional program activity funds. Applicants for projects that miss three project deadlines are currently ineligible to apply for funds in the next NOFA. However, the Department may waive this holdout penalty if the missed project deadline was clearly outside the control of all of the following parties: the applicant, developer, owner, and managing general partner. Project applications must show adequate evidence of site control and demonstrate financial feasibility. HOME requires certain documents to evaluate feasibility, including but not limited to a market study (or other market information for FTHB development activities), appraisal, and Phase I/Phase II Environmental Site Assessments (ESA) for new construction projects or lead, asbestos, and mold assessments for rehabilitation projects. Project applications must also certify there are no pending lawsuits preventing implementation of the project as proposed. FTHB projects and all program activities must also submit guidelines governing the allocation of mortgage assistance funds to individual homebuyers. Rental projects must demonstrate compliance with Article XXXIV of the California Constitution and CHDO applicants must also demonstrate effective project control pursuant to federal and state HOME requirements. All proposed HOME activities must be evaluated according to underwriting standards addressing federal HOME requirements at , as applicable. For more information see of state HOME Regulations. What are the outcome measures expected as a result of the method of distribution? Based on trends in prior year completion data and additional demand for TBRA, in the upcoming fiscal year HOME estimates completing in the upcoming fiscal year construction on 147 rental units (includes RNC and Rental Rehab) and 35 homebuyer units (FTHB NC); rehabilitating 62 OOR units, assisting 76 FTHB program activity households, and providing TBRA to 77 households. HOPWA Describe the State Program addressed by the Method of Distribution. State Housing Opportunities for Persons with AIDS (HOPWA) serves counties (including cities within those counties) that do not receive a HOPWA allocation directly from HUD.
HCD-FINAL-AP-FY-2017-18.docx