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State and Federal Responses to Housing Market

State and Federal Responses to Housing Market. Presentation to the Virginia Municipal League Shea Hollifield Deputy Director Virginia Department of Housing and Community Development October 19, 2009. Housing and Economic Recovery Act (HERA) Neighborhood Stabilization Program (NSP)

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State and Federal Responses to Housing Market

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  1. State and Federal Responses to Housing Market Presentation to the Virginia Municipal League Shea Hollifield Deputy Director Virginia Department of Housing and Community Development October 19, 2009

  2. Housing and Economic Recovery Act (HERA) Neighborhood Stabilization Program (NSP) American Recovery and Reinvestment Act (ARRA) Homeless Intervention and Rapid Re-Housing Program (HPRP) Weatherization Assistance Program (WAP) Community Development Block Grant (CDBG-R) Neighborhood Stabilization Program (NSP2) DHCD Role in ImplementingHousing Related Federal Stimulus Programs

  3. Neighborhood Stabilization Program Update HUD allocated $3.92 billion as grants to states and units of local government according to a formula based on: home foreclosures homes financed with a “subprime mortgage related loan” homes in default or delinquency The Housing andEconomic Recovery Act of 2008

  4. Neighborhood Stabilization Program – VA Grantees Prince William County $ 4.1 million Fairfax Count $ 2.8 million Virginia state program (DHCD) $38.7 million The Housing andEconomic Recovery Act of 2008

  5. NSP – Distribution of State Funding Open submission - $ 24.4 million Planning grants - $ 250,000 Competitive round - $ 9.4 million Performance pool – $ 2.8 million plus program income The Housing andEconomic Recovery Act of 2008

  6. NSP – State Grant Awards - Open Submission Alexandria, City of $ 936,955 Central Virginia Housing Coalition, in partnership with Caroline, $ 2,500,000 Spotsylvania, Counties of Fairfax County $ 1,000,000 Northern Shenandoah Valley Regional Commission, in partnership with $ 2,500,000 Frederick, Shenandoah, Warren, Counties of Central Virginia Housing Coalition, in partnership with Fredericksburg, $ 2,500,000 City of/Stafford, County of Habitat for Humanity of Virginia $ 1,500,000 Hampton, City of $ 2,000,000 Loudoun, County of $ 2,000,000 Newport News, City of $ 700,000 Norfolk, City of $ 1,794,375 PEOPLE Incorporated in partnership with the City of Bristol $ 859,330 PEOPLE Incorporated in partnership with the Russell County $ 1,162,670 Portsmouth, City of $ 2,000,000 Richmond, City of $ 2,000,000 Suffolk, City of $ 971,444 TOTAL $ 24,424,774 The Housing andEconomic Recovery Act of 2008

  7. NSP – State Grant Awards - Competitive Round $ 9.4 Million in NSP Grants Catholics for Housing, Prince William County               $ 1,500,000 City of Chesapeake                                                    1,500,000 Chesterfield County                                                         500,000 Town of Culpeper                                                       1,200,000 Fauquier County                                                          1,500,000 City of Franklin                                                                  400,000 Lynchburg Neighborhood Development Foundation         1,000,000 Pathways (Petersburg)                                                        600,000 Virginia Beach Community Development Corporation        1,200,000 Total $ 9,400,000 HR3221: The Housing andEconomic Recovery Act of 2008

  8. NSP2 (Competitive Funds) $2.0 billion in funding available nationwide Prior to proposal development, DHCD convened an interchange of interested partners DHCD collected the individual project plans, developed the proposal narrative, and submitted as the lead applicant DHCD submitted an application for a consortium of 15 local partners for a total of approximately $40 million NSP2 would follow similar requirements as the current NSP that is administered by DHCD Announcements later this fall The American Recoveryand Reinvestment Act of 2009

  9. The American Recoveryand Reinvestment Act of 2009

  10. Homelessness Prevention and Rapid Re-HousingProgram (HPRP) Part of American Recovery and Reinvestment Act DHCD and 13 entitlements in Virginia received funds DHCD received approximately $11.4 million HPRP is focused on housing for homeless and at-risk households Not a mortgage assistance program The American Recoveryand Reinvestment Act of 2009

  11. Homelessness Prevention and RapidRe-Housing Program (HPRP) DHCD provided grants to 23 groups through a competitive application process Two-year grants Year 2 contingent on Year 1 performance The American Recoveryand Reinvestment Act of 2009

  12. Accomack-Northampton PDC – Accomack and Northampton Counties Action in Community Through Service – Manassas, Manassas Park and Woodbridge; Prince William County Appalachian Community Action & Development Agency – Norton; Lee, Scott, Wise and Tazewell Counties Arlington County – Arlington County Community Touch – Fauquier, Rappahannock, Orange, Madison and Culpeper Counties Council of Community Services – Covington and Salem; Alleghany, Botetourt, Craig and Roanoke Counties Hampton-Newport News Community Services Board – Newport News, Hampton, Williamsburg and Poquoson; York and James City Counties Helping Overcome Poverty’s Existence, Inc – Galax, Marion and Wytheville; Bland, Carroll, Grayson, Smyth and Wythe Counties HOPE Community Services Inc – Amelia, Buckingham, Cumberland, Lunenburg, Nottoway and Price Edward Counties Improvement Association – Emporia; Sussex, Surry and Greenville Counties Isle of Wight County Dept. of Social Services – Franklin; Isle of Wight and Southampton Counties HPRP State Grantees

  13. Loudoun County Dept. of Family Services – Loudoun County Lynchburg Community Action Group – Lynchburg and Bedford; Amherst, Appomattox, Bedford and Campbell Counties Mercy House – Harrisonburg and Charlottesville; Albemarle, Greene and Rockingham Counties New River Community Action Inc. – Radford; Floyd, Giles, Montgomery and Pulaski Counties Northern Shenandoah Valley Regional Commission – Winchester; Clarke, Frederick, Page, Shenandoah and Warren Counties People, Inc. – Bristol; Buchanan, Dickenson, Russell and Washington Counties Reston Interfaith – Falls Church, Fairfax and Alexandria; Fairfax County Suffolk Department of Social Services – Suffolk Support to Eliminate Poverty Inc (STEP) – Martinsville and Danville; Franklin, Patrick, Henry and Pittsylvania Counties Thurman Brisben Center – Fredericksburg; Caroline, King George, Spotsylvania and Stafford Counties Total Action Against Poverty (TAP) – Buena Vista, Lexington, Staunton and Waynesboro; Rockbridge, Bath, Highland and August Counties Virginia Supportive Housing – Petersburg, Hopewell and Colonial Heights; Dinwiddie, prince George, Charles City, New Kent, Hanover, Goochland and Powhatan Counties HPRP Grantees cont.

  14. The American Recoveryand Reinvestment Act of 2009 Homelessness Prevention and RapidRe-Housing Program (HPRP) – Funding Limits

  15. Virginia Weatherization Assistance Program U.S. Department of Energy (DOE) initiated the Weatherization Assistance Program in 1976 DOE program focuses on reducing dependency on foreign oil and decreasing energy costs for low-income families while improving health and safety On average, weatherization reduces home energy consumption by 32 percent Annual cost savings of approximately $350 for a low- income family after weatherization $94.1 million new funding for Virginia included in ARRA stimulus bill The American Recoveryand Reinvestment Act of 2009

  16. Weatherization assistance is provided regionally by 22 nonprofit organizations Funds are allocated to providers based on the federal weatherization formula: low-income population, number of heating and cooling days, and residential energy expenditures by low-income households Federal guidelines limit improvements to an average cost per unit Historically, 1,500 to 2,200 homes are weatherized each year in Virginia Current Weatherization Delivery System

  17. Weatherization Providers

  18. Eligibility is determined through an intake process Clients must be income-eligible Priority is given to elderly, disabled, households with children, households with high energy costs Energy savings must be feasible within allowable costs Weatherization Eligibility

  19. DOE guidelines express preference for using existing network of service providers Contracts for 50% of funding executed with 22 providers Training initiatives under negotiation with New River Center for Energy Research and Training (NCERT) and Virginia Community College System Working through compliance issues relative to Davis Bacon and historic preservation Current Status of Weatherization Stimulus Funding

  20. Created by Governor Kaine in November 2007 Collect and analyze data for Virginia Identify and increase access to resources to minimize foreclosure Recommend and support outreach, education and counseling that focus on foreclosure prevention Review and make recommendations on legislative and regulatory changes at state level Virginia Foreclosure Prevention Task Force

  21. Actively working for the past two years Developed and launched outreach compaign – television, cable, radio and print in English and Spanish Comprehensive foreclosure information website with tools and resources www.virginiaforeclosureprevention.com Training for foreclosure prevention counselors – 341 new counselors statewide Virginia Foreclosure Prevention Task Force

  22. Hosted five Education and Outreach Mortgage Clinics for distressed borrowers – 900 participants Conducted two Community Impact Forums for local government officials and community leaders Hosted a Community Impact Summit to review foreclosure prevention strategies -150 participants Governor’s Housing Forum for Governor to hear concerns and proposed strategies – 300 participants Virginia Foreclosure Prevention Task Force

  23. Helped facilitate passage of SB 797 in 2008 to provide more time for workout options for eligible home owners facing foreclosure Supported consumer protection legislation (HB 408) and regulatory changes related to mortgage brokers (HB 1487) Following federal legislation focused on regulatory changes in housing finance, foreclosure and mitigation of impacts Virginia Foreclosure Prevention Task Force

  24. FY 09 - $250,000 from state general fund, matched by $250,000 from VHDA Eleven organizations received funds to provide certified foreclosure prevention services 1,916 households received foreclosure prevention services through these grants Housing Counseling Grants

  25. FY 10 - $250,000 from state general fund, matched by $250,000 from VHDA with $50,000 from Attorney General’s Office as a result of a mortgage related settlement Twelve organizations received grants to provide certified foreclosure prevention services Housing Counseling Grants

  26. Virginia Department of Housing and Community Development 804-371-7000

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