1. South Carolina Housing Trust Fund An Introduction for New Participants January, 2006

2. Presentation Overview  Trust Fund Activities Emergency Repair Owner-Occupied Rehabilitation Homeownership Acquisition  Trials and Tribulations  What Now?

3. Trust Fund Activities  Emergency Repair  Owner-Occupied Rehabilitation  Homeownership Acquisition  Rental  Supportive Housing  Land Acquisition  Group Homes

4. Emergency Repair

5.  Be the result of a recent event, such as a fire or flood;  Not be the result of accumulated deferred maintenance (see Owner- Occupied Rehabilitation activity);  Not be covered by existing insurance. Definition Emergency Repair means required repairs to owner-occupied units that are necessary to eliminate clear and present danger(s) to the occupant(s). In order to be classified as an emergency, the deficiency(s) to the unit must: Other conditions that will be considered in determining qualification as an emergency for purposes of this program include:  Units occupied by children under the age of 12;  Units occupied by disabled individuals of any age;  Conditions that, if not repaired immediately, would cause further or irreparable damage;  Units where the heating, cooling, electrical, or plumbing systems are not functioning or do not exist.

6. Emergency Repair Basic Information  Can be applied for at any time  NOT available as a block grant  Cannot have more than one Emergency Repair on a property

7. Emergency Repair Eligibility…  Owner-Occupied units ONLY  Fall within income limits  Clear and present danger to occupants  NOT the result of deferred maintenance  NOT covered by existing insurance

8. Emergency Repair Special consideration for…  Units occupied by the disabled  Units occupied by children under 12  Problems with major systems (i.e. plumbing, HVAC, electrical, etc.)  Repairs to prevent future or ongoing damage

9. Emergency Repair Workflow Identify and pre-qualify household Complete Emergency Repair Application Gather all items listed in Emergency Repair Checklist Submit Application and exhibits to HTF HTF Reviews & Approves – Inspection Ordered Emergency Repair Agreement Executed – Work Begins Work Completed – Inspection & Draw Requested Inspection Performed Draw Paid

10. Emergency Repair Workflow Helpful Hints…  Submit a COMPLETE application  Begin work within 30 days of application – Finish within 90 days  Make sure you have proof of income  Check your deed, recheck your deed, and then recheck your deed again  Mobile homes CANNOT be more than 28 years old – Owners must have title to both the land and the home

11. Emergency Repair Workflow Application Checklist  Application form  Site map & directions from the Authority  Deed (Check it!!)  Photographs (Front/back & area to be rehabilitated  Work write-up  Contractor’s license & Liability Insurance – Both current and valid

12. Emergency Repair Workflow Application Checklist Continued  Income Certification, verification, documentation  Documentation of the emergency… tell us a good story, and provide any backup  Documentation of uninsured loss  Financial commitments, if any

13. Owner-Occupied Rehabilitation

14. Basic Information  Can be applied for during open application cycles  ONLY available as a block grant  Cannot have more than one Rehabilitation on a property  Owner-Occupied units ONLY  Fall within income limits

15. Owner-Occupied Rehabilitation Two pieces to the process…  Block Grant Application “Reserves” funds Apply during open cycle  Owner-Occupied Beneficiary Request Can be submitted at any time with an open Block Grant Must contain all beneficiary information and work write-ups

16. Owner-Occupied Rehabilitation Workflow Block Grant Application Completed and Submitted HTF Reviews and Authority Board Approves Technical Assistance – Funding Agreement Signed Beneficiary Request Prepared – With Exhibits HTF Reviews & Approves – Inspection Ordered Restrictive Covenants Signed – Work Begins Draw Requests Final Inspection Performed Draw Paid – File Closed Block Grant ProcessBeneficiary Process

17. Owner-Occupied Rehabilitation Workflow Helpful Hints…  Don’t submit Beneficiary Requests until you’re ready to begin work  Begin work within 30 days  Make sure you have proof of income  Check your deed, recheck your deed, and then recheck your deed again  Take your time on the work write-up – the homeowner has to live with it

18. Owner-Occupied Rehabilitation Workflow Beneficiary Request Checklist  Beneficiary Request form  Site map & directions from the Authority  Deed (Check it!!)  Photographs (Front/back)  Work write-up  Contractor’s license  Income Certification, verification, documentation  Financial commitments, if any

19. Homeownership Acquisition

20. Basic Information  Can be applied for during open application cycles  ONLY available as a block grant  Used for down payment and closing costs  Fall within income limits

21. Homeownership Acquisition Two pieces to the process…  Block Grant Application “Reserves” funds Apply during open cycle  Homeownership Beneficiary Request Can be submitted at any time with an open Block Grant Must contain all beneficiary and property information

22. Homeownership Acquisition Workflow Block Grant Application Completed and Submitted HTF Reviews and Authority Board Approves Technical Assistance – Funding Agreement Signed Beneficiary Request Prepared – With Exhibits HTF Reviews & Approves Closing Documents & Check sent to Closing Attorney Closing Documents Retuned to HTF Block Grant ProcessBeneficiary Process

23. Homeownership Acquisition Workflow Helpful Hints…  Don’t submit Beneficiary Requests until the closing date is set  Allow three (3) weeks for processing  Make sure you have proof of income  Use an experienced closing attorney

24. Homeownership Acquisition Workflow Beneficiary Request Checklist  Beneficiary Request form  Site map & directions from the Authority  Copy of full appraisal  Photographs (Front/back)  Homebuyer’s Counseling certificate  Closing attorney information  Income Certification, verification, documentation  Financial commitments

25. Trials and Tribulations

26. It’s the little things….  Submit COMPLETE documentation – Incomplete submissions will be returned  Deeds – Learn to read and understand them  Work write-ups are NOT estimates – You and the homeowner have to live with them  Don’t order inspections that you’re not ready for  We don’t print checks, the State Treasurer does, so allow at least two weeks

27. Trials and Tribulations Even MORE little things….  Don’t submit Beneficiary Requests until you’re ready to do the deal  Don’t request more money in a Block Grant than you can realistically use in a year  My ears are ringing, and so is the phone – Email us! Get a written response!  Check that income, verify that income, document that income

28. What Now?

29. Getting Started  Become an approved HTF non-profit organization  Identify needs in your community – Start small  Get organized FIRST and then arrange for some one-on-one training  Visit our website: www.SCHousing.com

30. HTF Contact Information SC State Housing Finance & Development Authority Housing Trust Program 300 C Outlet Pointe Blvd. Columbia, SC 29210 803/896-9001 www.SCHousing.com

31. HTF Contact Information StaffPhoneFaxEmail Matt Rivers Director – HTF (803) 896-8774(803) 551-4934 matt.rivers@schousing.com Delores Edwards Project Coordinator (803) 896-9345(803) 551-4891 delores.edwards@schousing.com Linda Hough-Hicks Project Coordinator (803) 896-9338(803) 551-4896 linda.hough-hicks@schousing.com Charles McCullough Project Coordinator (803) 896-9511(803) 551-4918 charles.mccullough@schousing.com Dorothy Sutton Project Coordinator (803) 896-9360(803) 551-4948 dorothy.sutton@schousing.com

32. www.SCHousing.com