construction of new facilities to replace those that were destroyed, including multi-family housing, town halls, police stations, fire stations, grocery stores, and a farmers market; and establishing a pool of loan funds through which business loans were made to businesses/business owners seeking to either return to the tornado-impacted area to restart a business, relocate or expand an existing business to the area from another unaffected geographic area, or start-up an entirely new business by locating it in the tornado-impacted area. HOME: The PY16 HOME Action Plan indicates the following priorities for the use of HOME funds: Projects that add to the affordable housing stock; Projects, which, without HOME funds, would not likely set aside units for low-income tenants; Projects which use additional assistance through federal, state, or local subsidies; and Balanced distribution of HOME funds throughout the state in terms of geographical regions, counties, and urban/rural areas. In an attempt to address the priorities set forth in the HOME Action Plan, AHFA has used each of the annual HOME allocations (PY1992-PY2016) for the production of multi-family rental housing for low-income households. All of the selected projects have been new construction. The multi-family staff has made a conscious effort to not award HOME funds to duplicate cities and/or counties in the attempt to spread HOME funds geographically throughout the state. The multi-family staff utilizes a Point Ranking System when evaluating HOME applications. Preference points are given to projects that are as follows: (1) The highest scoring project per county with ownership by an AHFA-approved CHDO will be funded until the regulatory 15% CHDO set-aside has been met. (2) highest scoring HOME project combined with Housing Credits and/or Housing The Credit project will be awarded per county until all HOME and Housing Credit funds have been allocated. Beyond these preferences, the projects are awarded points toward ranking as follows: Project Characteristics: extra amenities use of energy efficient / healthy living materials / appliances use of low maintenance materials rent affordability set-asides for elderly targeting low-income families set-asides for tenants with disabilities or homeless targeting households on the public housing waiting list percentage of units are readily accessible for tenants with mobility or sensory impairments. project readiness project proximity to neighborhood services
construction of new facilities to replace those that were destroyed, including multi-family housing, town halls, police stations, fire stations, grocery stores, and a farmers market; and establishing a pool of loan funds through which business loans were made to businesses/business owners seeking to either return to the tornado-impacted area to restart a business, relocate or expand an existing business to the area from another unaffected geographic area, or start-up an entirely new business by locating it in the tornado-impacted area. HOME: The PY16 HOME Action Plan indicates the following priorities for the use of HOME funds: Projects that add to the affordable housing stock; Projects, which, without HOME funds, would not likely set aside units for low-income tenants; Projects which use additional assistance through federal, state, or local subsidies; and Balanced distribution of HOME funds throughout the state in terms of geographical regions, counties, and urban/rural areas. In an attempt to address the priorities set forth in the HOME Action Plan, AHFA has used each of the annual HOME allocations (PY1992-PY2016) for the production of multi-family rental housing for low-income households. All of the selected projects have been new construction. The multi-family staff has made a conscious effort to not award HOME funds to duplicate cities and/or counties in the attempt to spread HOME funds geographically throughout the state. The multi-family staff utilizes a Point Ranking System when evaluating HOME applications. Preference points are given to projects that are as follows: (1) The highest scoring project per county with ownership by an AHFA-approved CHDO will be funded until the regulatory 15% CHDO set-aside has been met. (2) The highest scoring HOME project combined with Housing Credits and/or Housing Credit project will be awarded per county until all HOME and Housing Credit funds have been allocated. Beyond these preferences, the projects are awarded points toward ranking as follows: Project Characteristics: extra amenities use of energy efficient / healthy living materials / appliances use of low maintenance materials rent affordability set-asides for elderly targeting low-income families set-asides for tenants with disabilities or homeless targeting households on the public housing waiting list percentage of units are readily accessible for tenants with mobility or sensory impairments. project readiness project proximity to neighborhood services
PY2016%20Alabama%20CAPER%20for%20CDBG%20ESG%20HOME%20HOPWA%20and%20HTF%20-%20June%202017%20Submission.docx