Affordable Housing Advisory Council The Bank’s Council has 15 members who represent a of housing and community development professionals from the Bank’s district. The Council's purpose is to advise the Bank's Board and management on housing and community development matters in the district. Council members also assist the Bank in developing an ongoing understanding of specific needs and help build relationships with the community investment stakeholders. In 2013-14, the Council actively participated in the creation of the Housing Needs Assessment. In addition, Council members completed a housing needs survey, which was used in conjunction with the Housing Needs Assessment to establish the following outcomes framework for AHP: Increase the percentage of subsidy approved for rental housing for persons with special needs, homeless households and households with extremely low income Increase the percentage of projects approved that involve member financial participation Increase the average in the Community Stability category for approved projects In 2015 and 2016, the Bank’s AHP Implementation Plan (AHP Plan), establishes the Bank’s scoring priorities for our competitive AHP funding, was revised to reflect the priorities identified by the Housing Needs Assessment and the housing policy outcomes framework. The following changes were made to the 2015 and 2016 AHP Plans: 2015 Reduced the Community Stability score from 25 to 20 points, while adding project use of local banks” properties as a scoring technique “land Created a member financial participation scoring category Increased the maximum score for income targeting from 20 to 22 points Changed the homeless and special needs scoring categories from fixed-point to variable-point scoring 2016 Increased points for the owner-occupied rehabilitation technique in the Community Stability category from three to 10 and added tiered scoring; removed the threshold requirement Streamlined documentation requirements in the Community Stability category Created a Disaster Relief set-aside to provide assistance for home repair and new home purchase for those affected by the June 22, 2016, flood in West Virginia. The 2015 and 2016 AHP Plan changes produced the following results, as weighted against 2014 benchmarks and 2015-2017 goals:
Affordable Housing Advisory Council The Bank’s Council has 15 members who represent a of housing and community development professionals from the Bank’s district. The Council's purpose is to advise the Bank's Board and management on housing and community development matters in the district. Council members also assist the Bank in developing an ongoing understanding of specific needs and help build relationships with the community investment stakeholders. In 2013-14, the Council actively participated in the creation of the Housing Needs Assessment. In addition, Council members completed a housing needs survey, which was used in conjunction with the Housing Needs Assessment to establish the following outcomes framework for AHP: Increase the percentage of subsidy approved for rental housing for persons with special needs, homeless households and households with extremely low income Increase the percentage of projects approved that involve member financial participation Increase the average in the Community Stability category for approved projects In 2015 and 2016, the Bank’s AHP Implementation Plan (AHP Plan), establishes the Bank’s scoring priorities for our competitive AHP funding, was revised to reflect the priorities identified by the Housing Needs Assessment and the housing policy outcomes framework. The following changes were made to the 2015 and 2016 AHP Plans: 2015 Reduced the Community Stability score from 25 to 20 points, while adding project use of local “land banks” properties as a scoring technique Created a member financial participation scoring category Increased the maximum score for income targeting from 20 to 22 points Changed the homeless and special needs scoring categories from fixed-point to variable-point scoring 2016 Increased points for the owner-occupied rehabilitation technique in the Community Stability category from three to 10 and added tiered scoring; removed the threshold requirement Streamlined documentation requirements in the Community Stability category Created a Disaster Relief set-aside to provide assistance for home repair and new home purchase for those affected by the June 22, 2016, flood in West Virginia. The 2015 and 2016 AHP Plan changes produced the following results, as weighted against 2014 benchmarks and 2015-2017 goals:
2017_PIT_CLP.docx