Agenda

1. Miziwe Biik Development CorporationGTA Aboriginal Housing ProgramRequest for Expressions of Interest (R-EOI)Information Session:Aboriginal Rental Program- GTA

2. Agenda • Background • Principles • Purpose • Program Requirements • Funding • Program Schedule • Key Program Dates • Application for Funding: • Responding to the Request for Expressions of Interest (R-EOI)

3. Background • $13.4 million component of the larger $20 million GTA Aboriginal Housing Program • Developed in partnership between MBDC, MMAH, and TWC Inc. • Builds on the findings, outcomes, and principles established through the GTA Aboriginal Housing Consultation • Complements the other two components of GTA Aboriginal Housing Program: • Aboriginal Home Repair Program-GTA (to be launched November/December 2009) • Aboriginal Downpayment Loan Program-GTA (launched August 24, 2009)

4. Principles • Program Grounded on Principles of GTA Aboriginal Housing Consultation: • Aboriginal housing under Aboriginal control • Full and property accountability of public funds • Full transparency in the project/applicant selection process • Administrative efficiency

5. Principles • Application of Principles: • Program restricted to Aboriginal Service Providers (ASPs) under Aboriginal Control • Proponents must define how principles will be incorporated into projects • Enhanced scoring assigned to projects that clearly reflect the principles • Mandatory conflict of interest attest statements and proponent declaration statements to be completed by all Program applicants • At least one applicant reference from Aboriginal community

6. Purpose • Create affordable rental accommodation under Aboriginal control • Help off-set the capital construction cost associated with new development • Promote a range of affordability for those at different income levels • Encourage development in areas well served by amenities, including those specifically targeted to the Aboriginal community • Reduce the back-log on existing social housing waiting lists • Encourage diversity through the mix of affordable/market and Aboriginal/non-Aboriginal units • Promote the more efficient utilization of the existing building stock (through adaptive reuse) and acquisition and rehabilitation (currently vacant rental buildings) • Add/create affordable rental units for larger families

7. Program Requirements • Eligible proponents: • Non-profit Aboriginal organizations in which Aboriginal people are key decision-makers (Board or Senior Management) • Partnerships between Aboriginal and non-Aboriginal groups with Aboriginal partner retaining control: • Partners can be private-sector organizations • Partners do not need to be Aboriginal focused or controlled • Must have a permanent office already in the GTA • Must already be providing services to the Aboriginal Community in the GTA

8. Program Requirements (cont’d) • Eligible development: • Projects must be built in the GTA • New construction • Conversion of a non-residential building to residential • Rehabilitation/renovation of existing vacant rental buildings • Acquisition of condominium units • Can take any form (apartment building, townhouse, stacked townhouse) • Condominium registrations are permitted • Mixed projects are permitted (affordable/market, Aboriginal/non-Aboriginal) • Mixed-use projects are permitted (commercial/institutional with residential) if commercial/leased space is < 10% of gross floor area of building

9. Program Requirements (cont’d) • Projects NOT eligible for funding: • Nursing or retirement homes • Existing Social Housing developments (SHRA Regulated) • Shelters or crisis care facilities • Ownership housing • Stage 2/transitional housing • Housing built outside the GTA • Housing built on reserves in the GTA • Housing built on sites that would would require: • An Official Plan Amendment • Substantial environmental remediation

10. Program Requirements (cont’d) • Unit and building design: • Units must be self-contained with private kitchen and bath • Units must meet minimum sizes as set out in the Ontario Building Code, although larger is recommended (no maximums) • Units should target large and small families (followed by seniors and singles) • Buildings should incorporate energy efficiency features • Building should incorporate accessibility features

11. Program Requirements (cont’d) • Eligible tenants: • Aboriginal households, including status or non-status Aboriginal Canadians, First Nations, Métis, and Inuit peoples • Households living off-reserve and in the GTA, and who are on, or eligible to be on, an existing social housing waiting list • Households paying a minimum of 20% of their income on rent (at time of occupancy)

12. Program Requirements (cont’d) • Rents: • Must not exceed 75% of Average Market Rent (AMR) by unit type and municipality • Individual units can rent at < 75% AMR • Must remain affordable for a minimum of 20 years • Must include utilities • Future rent increases governed by Residential Tenancies Act • Equity contribution: • Varies based on proponents: • 0% required for non-profit ASPs • 5% for partnerships • Construction or mortgage financing may also be required: • Must be secured prior to allocation of Program funding

13. Funding • Form of funding available: • Grants of up to $10,000 for proposal development • Forgivable capital loans for project construction • Grants(Aboriginal Rental Proposal Development Funding): • Only awarded to short-listed proponent under R-EOI • Only flowed after signing of Agreement • Funding reimbursed to proponents as expenses incurred • May only be used for proposal development expenses under Request for Proposals (RPF) • Can be stacked with CMHC Seed Funding

14. Funding (cont’d) • Forgivable capital loans: • Awarded to proponents successfully chosen under RFP • Forgivable after 20 year affordability period • Only provided for affordable, Aboriginal units • Must enable proponents to maintain rent levels at 75% of AMR (or less) • Can be ‘stacked’, when allowed by funding agency • Loan amounts vary based on unit size: • Bachelor units: maximum $110,000/unit • 4 + bedroom units: maximum $150,00/unit • Total funding request to MBDC must not exceed $4.4 million

15. Funding (cont’d) • No geographic pre-allocation of grant or capital funding between GTA municipalities • No funding available for ongoing operating costs • Flow of funding: • No funding flowed until proponents sign Aboriginal Rental Contribution Agreement (ARCA) and Mortgage Agreement (MA) • No funding flowed until proponents secure conventional construction/mortgage financing (if required) • No funding flowed until proponents provide clear Phase 1 and, if required, Phase 2 Environmental Site Assessment (ESA) • Allocated in accordance with Flow of Funding Schedule

16. Funding (cont’d) • Flow of Funding Schedule – proponents without land • “Preconstruction Funding” up to 25% of total allocation subject to: • Up to 75% of purchase price of land • Up to $150,000 in three equal installments of up to $50,000 for soft costs • “Development Funding” up to 90% (cumulative) of total allocation: • 25% of loan available upon receipt of Building Permit • 25% of loan available upon completion of structural framing • 15% of loan available upon receipt of Occupancy Permit • “Hold-back Funding” of final 10% of total allocation • Final 10% of total allocation released in accordance with Construction Lien Act

17. Funding (cont’d) • Flow of Funding Schedule – proponents with land • “Preconstruction Funding” of up to 25% of total allocation • “Development Funding” of up to 90% (cumulative) of total allocation: • 25% of loan available upon receipt of Building Permit • 25% of loan available upon completion of structural framing • 15% of loan available upon receipt of Occupancy Permit • “Hold-back Funding” of final 10% of total allocation • Final 10% of total allocation released in accordance with Construction Lien Act

18. Program Schedule • MBDC issues R-EOI • Applicants respond to R-EOI using forms provided • Submissions pre-screened by staff team for eligibility: • Ineligible applicants directed to Fairness Advisor (if requested) • Submissions scored by PRC using forms provided: • Minimum 60% passing score • Recommendations to MBDC Board of Directors for approval • Short-listed applicants issued proposal development funding

19. Program Schedule (cont’d) • MBDC issues Request for Proposal (RFP) to short-listed applicants • Applicants respond to RFP • Proposals pre-screened by staff team for eligibility • Ineligible applicants directed to Fairness Advisor (if requested) • Proposals scored by PRC using forms provided: • Minimum 70% passing score • Recommendations to MBDC Board of Directors for approval • Staff issue Conditional Allocation Letters and Agreements to successful proponents

20. Key Program Dates • Issue R-EOI: Oct. 21, 2009 • R-EOI Information Session: Oct. 27, 2009 • Posting of presentation and Q&As to MBDC website: Oct. 30, 2009 • Deadline for submission of questions on R-EOI: Nov. 4, 2009 • Posting of answers to questions on R-EOI: Nov. 9, 2009 • Close R-EOI: Nov. 18, 2009 • Notice of short-listed submissions to R-EOI: Dec. 11, 2009 • Issue RFP: Dec. 16, 2009 • RFP Information Session: Jan. 5, 2010 • Close of RFP: Jan. 20, 2010 • Announcement of Program funding decisions: Feb. 10, 2010

21. Application for Funding: Responding to the R-EOI

22. Application for Funding: R-EOI (cont’d) • Application structured in ‘booklet’ format • No written submission other than the Forms provided • Failure to provide requested information and/or submitting non-requested information may result in disqualification • “Project Summary Form” (Appendix A) must be first page of submission: • Used to determine eligibility • Establish proponent profile • “Project Submission Form” (Appendix B) used for evaluation and scoring purposes • Reference Forms (Appendix C) must be completed and signed by references, not proponent • Additional Forms to be completed and signed as per instructions

23. Application for Funding: R-EOI (cont’d) • Proponents required to complete and submit only one (1) original EOI submission package • Faxed or emailed copies will not be accepted • Late submissions will not be considered and will be returned unopened • Question on the R-EOI will only be accepted by email to the attention of the GTA Aboriginal Housing Program Director: • Email: progdirector@mbdc.ca • Deadline for submission of questions: • 4:00 PM, Wednesday, November 4, 2009 • Questions posted to MBDC website: • 4:00 PM, Monday, November 9, 2009 • Questions must not be directed to any other MBDC staff or Board member

24. Questions & answers Good luck!