DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT City of New Bedford MAYOR JON MITCHELL HOUSING REHABILITATION DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT Patrick J. Sullivan Director

City of New Bedford

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT New Bedford has a number of long standing Housing Rehabilitation Programs that provide both grant and low interest loan programs. Area of Focus for this presentation: Programs Marketing and Outreach Underwriting Specifications Contractors DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT HOUSING REHABILITATION PROGRAMS DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT HOUSING REHABILITATION PROGRAMS DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT MARKETING AND OUTREACH Annual review of programs to determine if they are meeting the community needs Adapt to changing environments Outreach to underserved communities Creative Marketing DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT INFORMATIONAL FLYERS DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT OUTREACH Shopping Malls Bus Advertisements DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT CREDIT WORKSHOPS DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

MARKETING OUTREACH MEETINGS Association of Realtors – Informational sessions for new realtors Annual Lender Orientation Breakfast Presentations to Senior Organizations Presentations to Neighborhood Associations DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

HOUSING UNDERWRITING GUIDELINES Loan Approval Process Underwriting criteria Income Credit Underwriting Standards Eligible Rehabilitation Costs Value of the Property Loan Terms and Conditions Repayment Requirements: For clients who are under 50% of the Area Median Income For clients between 51% and 60% of the area Median Income For clients between 61% and 80% of the Area Median Income Additional Loan Conditions Loan Limits: Refinancing: Loan Subordination Policy Loan Approval Procedures Establish comprehensive underwriting criteria DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT CHECKLISTS Provides structure to the entire process DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT CHECKLISTS Ensures that all requirements are met DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT CONTRATORS Million Dollar Question How to attract and keep quality contractors Written policies and procedures – Consistent and Concise Agent for the Owner – Spokesperson for the contractor Rehab staff develops mutual trust – owner – contractor - city Consistency in specifications Expedited Payment Requisitions Process Recognize contractors efforts through project signs – press releases DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT REHABILITATION PROCESS Detailed Performance Specifications Minimize Change Orders Accurate Cost Estimation Construction Contingency very important Project Oversight – site visits Progress Payment Procedures Project Closeout Procedures DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT

DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT REHABILITATION PROCESS Clearly defined bidding process Owners select Contractor Bid specification package coordinated by City Sealed Bids Lowest Qualified Bid City 3rd party to contract between owner & contractor Pre Construction Conference DEPARTMENT OF PLANNING, HOUSING & COMMUNITY DEVELOPMENT