1 / 23

The HOME Program

The HOME Program. HOME – Main Purposes. Provide decent affordable housing to lower income households Expand the capacity of nonprofit housing providers Strengthen the ability of state and local governments to provide housing Leverage private-sector participation.

caroun
Download Presentation

The HOME Program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The HOME Program

  2. HOME – Main Purposes • Provide decent affordable housing to lower income households • Expand the capacity of nonprofit housing providers • Strengthen the ability of state and local governments to provide housing • Leverage private-sector participation

  3. Consolidated Plan –Five-Year Priorities and Strategies– FFY 2013-2017 • Affordable housing for low-income families and very low income families; • Affordable housing for homeless families and families with special needs; • Affordable homeownership for low and moderate-income families; • Preservation of affordable housing for low- income persons and families; • Affordable housing for the elderly

  4. Missouri Housing Development CommissionHOME Activities Rental Housing Production and Preservation Program: The main objective of MHDC is to successfully leverage the HOME funds with federal and state Low Income Housing Tax Credits, MHDC funds and other public and private funds to rehab or build new rental housing that is affordable to low income families Homeowner Repair Program (HERO): MHDC will provide HOME funds to be used for repairs and rehabilitation of owner-occupied homes.

  5. The Commission was designated by Governor of the state of Missouri as the Housing Credit Agency for the state Qualified Allocation Plan (QAP)- the purpose of this plan is to set forth the process that MHDC will use to administer the federal and state Low-Income Housing Tax Credits (LIHTC) Rental Housing Production and Preservation Program

  6. The Commission will publish a Notice of Funding Availability of the HOME funds for two activities: 1. Multifamily Rental Production Programs 2. HOME Repair Program – non-metropolitan areas and selected Dream Communities Rental Housing Production and Preservation Program

  7. Missouri Housing Development Commission HOME BUDGET (HUD FFY2013)2014 Approved Projects • HUD FFY 2014 State of Missouri HOME Allocation: $9,164,298 • FFY 2015 Expected Amount for National HOME Program: $700,000,000 • 250,000,000 less than FFY 2014

  8. HOME Projects Homefield Townhomes O’Fallon, Missouri

  9. HOME Projects Country Villas – Moberly, Missouri

  10. HeRO Projects City of Cape Girardeau Cape Girardeau, MO Harry S. Truman CDC Lamar, MO

  11. One- Year Goals for FFY 2014 HOME Program • Provide 1,593 rental households - new or improved, decent affordable housing • Eighty (80) housing units brought up to local building codes or standards • 2014 Action plan numbers include all rental production units

  12. MHDC and HOME

  13. HOME Multi-Family Funds; 2001-2010

  14. 2014 Developer’s Guide • Housing Priorities • Nonprofit Involvement Set-aside & CHDO • Special Needs Priority • Service-Enriched Housing Priority • Preservation Priority

  15. 2014 Developer’s Guide • Separate lead referral agency from the developer and property manager • Referral agency – • Coordinates, provides, and/or connects the necessary services • Responsible for referring clients to the development

  16. 2014 Developer’s Guide • The Development • Must have supportive services, transportation and community amenities • May be given “Difficult Development” status, allowing MHDC to increase the eligible tax credit allocation by up to 30 percent

  17. 2014 Developer’s Guide • The Development – cont… • For mixed-income, all occupants must have same level of restriction in leases, regardless of disability/need • Range of developments: • One hundred percent (100%) of units down to 10 percent of units targeted to special needs population

  18. Target Population: Individuals Experiencing Homelessness Source: HUD HDX system; Missouri PITC 2007 & 2012; 2013 MHDC Homeless Study

  19. Federal Homeless Services Funds At-A-Glance

  20. Resources • MHDC: www.mhdc.com • HOME Program: https://www.onecpd.info/home • 2013 Homeless Study: http://www.mhdc.com/ci/documents/HS2013.pdf • MHDC Rental Production: http://www.mhdc.com/rental_production/index.htm

  21. Questions?

  22. Contact Information: • Lorenzo Rice, HOME Administrator • lrice@mhdc.com • (816)759-6698 • Jenni Miller, HOME Coordinator • asmet@mhdc.com • (816)759-6696

  23. The HOME Program

More Related