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Developers Workshop Agenda Welcome & Introductions 2020 Funds

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Presentation on theme: "Developers Workshop Agenda Welcome & Introductions 2020 Funds"— Presentation transcript:

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2 Developers Workshop Agenda Welcome & Introductions 2020 Funds
Draft 2020 QAP Appendix B Questions

3 Disclaimers Not covering every QAP topic
Focusing on the most significant changes and what you need to know before submitting an application Applicants are responsible for knowing rules If questions are not covered, ask today or follow up with staff Opportunity to ask questions on topics not covered at the end of the presentation Questions are also welcome during the presentation – If you have a question, please raise your hand and Tara or Suma will bring a microphone

4 2020 Funds LIHTC - approximately $29.5 million using 2019 population and multiplier WHLP - presently no appropriation of funds for 2020 RPP - was $16 million in 2019; amount not finalized for 2020 but is expected to be similar to 2019

5 Workforce Housing Loan Program
This is informational only Available for 9% projects only Metro ineligible to request funds in 2020 Funds split between regions using same percentages as credits Requesting WHLP may result in an application being ineligible due to inadequate funds; same as RPP or credits

6 Workforce Housing Loan Program
Maximum loan is the lesser of calculated amount or statutory maximum Statutory maximums set by Legislature: - High Income county: $250,000 - Moderate Income county: $1,500,000 - Low Income county: $2,000,000 Any amount can be requested up to the maximum loan amount

7 Draft 2020 QAP

8 QAP Status First draft released July 29
Public Hearing was held September 4 Eight comments were made during the Hearing Second draft was released September 27 Anticipate final approval in November Application will be available mid-December All written comments received are posted on our web site

9 QAP Topics Site Scoring Disaster Recovery Credits per Unit Average
Monitoring Changes Miscellaneous Changes

10 Site Scoring - Amenities
Double or triple-counting an establishment is permitted. For example: Walmart Supercenter or Super Target can count as Grocery, Shopping, and Pharmacy Harris Teeter with a pharmacy can count as Grocery and Pharmacy

11 Site Scoring - Maps The drivable route must be shown in map format using Google Maps Must have a separate map showing route for each amenity Pins must be dropped at entrance to the amenity and the proposed entrance to the site Maps are required to be satellite view and clearly show both entrances A photo of each amenity must be provided

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14 Required Satellite View Map

15 Disapproved Map

16 Disaster Recovery 12.5% of total credit allocation will be added to the East Approximately $3.5 million in additional credits (4-5 projects) Cumberland County is guaranteed 1 award in the Metro The initial maximum award of credits will not apply to Cumberland if the county is eligible for a 2nd award Counties in Central and East declared federal disaster area (Individual Assistance designation) under Hurricane Florence are eligible for a 2nd award after all other counties with an eligible application have received one award, credits permitting

17 Disaster Recovery 34 declared disaster counties with Individual Assistance designation Anson, Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Durham, Greene, Guilford, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Moore, New Hanover, Onslow, Orange, Pamlico, Pender, Pitt, Richmond, Robeson, Sampson, Scotland, Union, Wayne, and Wilson

18 Credits per Unit Average
Points will be awarded based on a project’s per unit credit request as it relates to the average per unit credit request for a given region All full application projects in a region will be used to calculate the average, including those that may later be determined to be ineligible for award Average is derived by taking per unit credit request for each project in a region, then determining the average of those amounts within a given region

19 Credits per Unit Average
Historical Averages Central East Metro West $10, $10, $10, $10,942 $11, $11, $11, $12,078 $12, $12, $12, $12,283 : 9.14% average increase : 3.23% average increase 2017 – 2019: % average increase

20 Monitoring Changes Effective January 1, 2021
Agency is permitted to provide a maximum of 14 days notice for physical inspection or file review (already implemented) Owners must provide 8609 part II completed to determine appropriate sample size Sample size applies to both physical inspections and file reviews

21 Monitoring Changes Increase in the number of units required to be inspected (Appendix F) Any property less than 150 units is considered “small” and warrants a larger sample size 28 unit property: inspection was 6 units; now is 14 units or all 28 units if not part of a multiple building election 48 unit property: inspection was 10 units; now is 18 units and possibly all 48 units

22 Parking spaces must be clearly depicted in full applications plans submitted to the Agency

23 Switchbacks between handicap parking and building entrances are not permitted

24 Changes in sitework are not permitted after application award without Agency approval

25 Handicap parking spaces and adjacent access isles must be concrete

26 Dumpsters must be placed within reasonable proximity to all residential buildings

27 All senior residential buildings with more than one floor must have an elevator that serves all floors

28 40-gallon is the minimum sized water heater

29 Cable demarcation boxes must be installed to hold all of the unit cable “home runs” on building exteriors

30 Ranges in Type A handicap units must have cooktop surface at same level as adjacent countertop (34”)

31 Maintenance Rooms must have a minimum of 150 usable square feet, excluding areas used by water heaters, electrical equipment, or HVAC equipment

32 Questions?


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