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FY 2011 Proposed Operating Budget

FY 2011 Proposed Operating Budget. Government of the District of Columbia Department of Housing and Community Development Leila Finucane Edmonds, Director. FY11 DHCD Budget Highlights. Budget Request Act Maximizing Efficiencies Division-level Structure HPTF Intradistrict Cost Allocation.

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FY 2011 Proposed Operating Budget

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  1. FY 2011Proposed Operating Budget Government of the District of Columbia Department of Housing and Community Development Leila Finucane Edmonds, Director

  2. FY11 DHCD Budget Highlights • Budget Request Act • Maximizing Efficiencies • Division-level Structure • HPTF Intradistrict • Cost Allocation

  3. FY11 DHCD Budget Highlights • Budget Support Act • HPTF Administrative Cap • Up to 15% for FY10 and FY11 • Up to 10% in FY12 and beyond • Condo fees ($100/unit or $800, whichever is greater) • New Application fee • Increase to Tenant Election Certification fee (from $50/unit or $400 whichever is greater) • Increase to Registration fee (from $37/unit) • Estimated fiscal impact of $66,000 in FY11 • Supports increased demand for structural engineers

  4. DHCD Fund Type Trends FY08-11 Federal stimulus funds have replaced the decline in Trust Fund revenues.

  5. All DHCD Funding Sources FY07-11

  6. Other Resources • PADD Capital Funds • DMH Capital Funds • Partnerships • Fannie Mae • NeighborWorks • National Community Revitalization Corporation • DCHA • HFA

  7. DHCD Staffing Levels FY07-11

  8. Six-year HPAP/EAHP Budget Trend

  9. Impact of ARRA Funding on DHCD Budget

  10. DHCD Goals for FY11 • Meet ARRA Accountability and Transparency Requirements • Transform Target Areas through Neighborhood Stabilization Program (Rounds 1 and 2) • Launch Tax Abatement Programs • Kick-off first year of new five-year consolidated plan • Continue DHCD Educational Series

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