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HomeMy WebLinkAbout129-92 RESOLUTION• RESOLUTION NO. r29 -b2 A RESOLUTION APPROVING A GRANT APPLICATION IN THE AMOUNT OF $500,000 AND A GRANT AGREEMENT WITH THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY FOR MONIES TO BE USED FOR HOUSING REHABILITATION FOR LOWER INCOME FAMILIES. BE IT RESOLVED BY THE HOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That Board of Directors hereby approves a Grant Application in the amount of $500,000, for rehabilitation of housing occupied by lower income families in Fayetteville. A copy of the Grant Application is attached hereto marked Exhibit "A" and made a part hereof. Section 2. The Board of Directors hereby authorizes the Mayor to enter into a HOME Contract of Agreement with the Arkansas Development Finance Authority, to ensure that HOME funds are used in accordance with all program requirements set forth in 24 CFR, Part 92, which is the regulatory document for the HOME investment Partnership Program. A copy of the HOME Contract of Agreement authorized for execution hereby is attached hereto as Exhibit "B" and made a part hereof. PASSED AND APPROVED this 1st day of September , 1992. ATTEST: By APPROVED: By R./ 4/ By Mayor • CITY OF FAYEITEVILLE HONE PROGRAM APPLICATION TABLE OF CONTENTS Application for Federal Assistance (Standard Form 424) PART I HOMEOWNER REHABILITATION PROGRAM Questionnaire 1-6 Timetable 7 PART II RENTAL REHABILITATION PROGRAM Questionnaire 8-13 Program Summary Form 14 Project Income Information 15 Project Budget 16 Program Timetable 17 Certification by Responsible Official 18 Minority & Women Business Enterprise Certification 19 Letter of Capacity to Perform 20 Map of Lower Income Neighborhoods 21 PART III HOME CONTRACT OF AGREEMENT 1 . APPLICATION FOR FEDERAL ASSISTANCE C L ..Me •OP1[mai No. 034. 7. DATE 31111101110 September 2, 1992 1, TYPE 01 SUBWSSIOte ADOeca•a, Cdnsmuatat ' Ne,.CoMeructlon MPEDo•caeoll G caatur:tm 0 Non•C• siructmn 7 OAT. EECLIVED s1 ETATS SUIS AMISCIM 11 IEE-EEw 4 DATE RECEIVED 1Y f 1oERAL AGENCY FbMa I..Ss s APPUC*MT INFOEMAloN Lagar Name CITY OF FAYETTECIL:E, ARKANSAS Orga uala.s Unit Community Development Division D 4 m pre an. Cosa State and no Ca/ 113 W. Mountain Washington County Fayetteville, AR 72701 Natrte and t•MONa a nue M the OersOn to to wJ wacted on malign rn on," Thu appeaten gyne DIY Cowl Jan Simco 501-575-8261 { EMPLOYER tOEMlFICaTtoN NUMBER IEINt 1 6 3 7 1 8- b I„ t TYPE OF APPLICATION ® New ❑ Continutmn 0 Ripener f PM,cn. onto aooroonala Ntta(1l w bogies! A ncrtass Awad B Decrease Award 0 Decrease Duration ODnr aonthl' ❑ ❑ C Increase Oulatlon I. CATALOG OT •ECERAI DOMESTIC ASSISTANCE N1sMBER TTTLE •1 T T. TYPt OF APPUC*NT: (enter 1001210071111 Nor 1110011 A State M Indsosnosot School Om 8 County I' State COnIOI.O IMtutuc, at Hoarse Learner C Mumma XX • J MNate 1Nn.erflry O Townancs K Indian TIDE E. imamate • L Ield,ylata F ntermatlaoa a Mahe Qyamaaml G Swat Dunce N Ober ISOEcM 12. AREAS AFFECTED BY PROJECT /Orbit CO•nttet. Mtn e1C.; City of Fayetteville, Artcansas s. NAW OP FEDERAL AGENCY. Department of Housing & Urban Development 11. DEECSIPOVE 1T11E OP APPLICANTS PROJECT: HOME Program - Homeowner Rehabilitation HOME Program - Rental Rehabilitation 11 PROPOSED FeOJECT 14 CONGRESSIONAL DISTRICTS OF Sian Cate 10-C1-92 Ending Pate a AOacanr 3 3 IS. ESTIMATED FUNOINO. a Federal E 50,030 .GD O AoaCaft B .00 c State i 00 d LCCaI S 00 • Omer E 00 11 IL ApeuCAfON SUBJECT TO REVIEW SY STATE OLCUDVI MOO tn72 PIOCESST a YES 1)415 PMEAPPLICATlON/APPUCATION WAS MADE AVAILABLE TO THE STATE E31ECU11VE awes 12372 PROCESS FOP REVIEW ON DATE . September 2, 1992 b NO I..i PROGRAM IS NOT COVERED BYE 0 12372 0 OR PROGRAM 11ASa10T BEEN SELECTED e1 STATE FOR REV'EW 1 Program income f 00 g TOTAL S 00 500,000 17. 13 THE AF.LICANT DELINQUENT ON ANY FEDERAL 01117 0 mIS m' Yes' ancon an aPOten21r011 P40 1a. TO THE MIST Of MY EwOMLEDOE ANO RELIEF ALL DATA et MIS A►PucjTIOM►elAPPLIeAMON AAE TRUE ANO CORNER. THE OOCOMENT was BEEN DULY AUTPONIIEO EY 7141 GOVE•MIMG BODY OP TME APPLICANT AND TME APPLICANT YrILL COMPLY NMI T141 •17•CMEO ASSURANCES IF TME ASSISTANCE IS AM a Typed Name et AWMrued Aeaesenta•YE I b 141. a Tueeleorr number Fred S. Vorsanger Mayor 501-575-8330 d sg^�''``��j''a Dia Wird r'••rous tell 1011$ `rot L, ° a ore Sidman' Berm 17 1 741111/iimi —172 3• atY 1 eed e 7. OUB _ et. a• A ' • HOME PROGRAM APPLICATION PART I. HOMEOWNER REHABILITATION PROGRAM 1. Ranking of low and very low income households in Washington County 64 2. Ranking of overcrowded units in Washington County 47 3. Ranking of vacant units in Washington County 58 4. a. Percent of substandard housing 1.4% b. Percent of housing built before 1940 10.3% 5. Describe the type financial assistance to be offered owners for rehab: The Residential Rehabilitation Program is available to all eligible residents of Fayetteville. Eligibility is based on family income (80% of median or less), proof of ownership of the property to be rehabilitated, and confirmation that the dwelling is the principal residence of the applicant. The method used to finance the rehabilitation will depend on the applicant's household status. If the head of household is elderly (over 62 years of age), handicapped, or disabled the assistance will be in the form of a Deferred Payment Loan (DPL). Assistance for all other eligible households will be in the form of a loan that is repaid at 3% interest. (Additional information on DPL's is provided under #10 and for 3% Loans under #7 below.) 6. What documents or process will be used to monitor and/or recapture grant or loan funds? A mortgage or lien in the exact amount of the loan/DPL will be executed and recorded with the Washington County Circuit Clerk. This mortgage or lien will remain on the property until the loan is repaid or, in the case of DPLs, until the period of forgiveness has expired. 7. If HOME funds are to be used as loans, what will the loan terms and interest rate be? The Loans will have an interest rate of 3% and a maximum term of 10 years. If the property is sold or otherwise conveyed, the entire remaining balance on the Promissory Note and lien will be repaid at closing. Neither the Promissory Note nor Lien can transferred to or assumed by another person. 1 • All proceeds from the Loans will be placed in a separate, non-interest bearing account and will be used for other eligible rehabilitation projects. 8 What fees will be charged to owners? Some costs and charges deemed reasonable and necessary for completion of the project will be charged to the homeowner and included in the total rehabilitation costs. These "soft costs" include: * Architectural, engineering or related professional services; * Credit and title report costs, building permits, legal fees, appraisals, or developer fees; * Permanent and temporary relocation costs; * Demolition costs (when part of the overall rehabilitation project); * Inspections or cost estimates not performed by City staff. Program -related costs that will be borne by the City include: * Processing fees and charges for filing of mortgages; * Costs of inspections, work write-ups, and cost estimates completed by City staff. * Affirmative marketing and fair housing information services; * Administrative costs. 9. What limit, if any, will be placed on the amount of subsidy an owner may receive? A subsidy limit of $10,000 per household will be effect for both DPL's and 3% Loans. Rehabilitation projects exceeding this limit will be undertaken only with the approval of the City Council. 10. What is the compliance period for grants, if any? How will grants be monitored? Will there be a provision for annual forgiveness? The Deferred Payment Loan does not have to be repaid 2 • • • unless the house is sold or rented within a 5 -year period. A lien will be placed on the rehabilitated property for the amount of the rehabilitation. Each family receives an annual 20 percent credit that is deducted from the total amount of the DPL. At the end of the fifth year, the loan is forgiven and the lien is released. 11. How will you inspect and monitor for compliance with property standards requirements? Each project will be inspected by City Rehabilitation staff and applicable City building, electrical, and plumbing permits must be obtained before rehabilitation work can begin. During construction, progress will be monitored by Rehabilitation staff. Electrical, Plumbing, and Building Inspectors will ensure City codes and ordinances are met both during and upon final completion of work. 12. How will local residents be made aware of the program? The City currently maintains a Waiting List of approximately 75 applicants presumed eligible for rehabilitation services (eligibility criteria is documented prior to offer of services). Additional marketing/advertising of the HOME Program will be undertaken when the current Waiting List has been addressed. 13. How will beneficiaries be selected? Applicants are selected on a "first-come, first-served" basis determined by date of application. 14. a. The Contractor is selected by the homeowner. b. The City utilizes competitive bidding for all rehabilitation projects. Contractors must meet established criteria prior to bidding on any projects (see Exhibit ). c. Lien waivers are utilized for the General Contractors and any Subcontractors. In addition, the General Contractor provides a one-year Warranty on materials and workmanship and a Certificate of Release. 15. Do you have a policy for outreach to minority and women business enterprises? Yes. • • 16. Has the program identified houses to rehabilitate? Yes. The location of houses on the attached map are taken from the Waiting List and are presumed eligible for rehabilitation services (see 012 above). 17. The following is a brief summary of staff who will be working with program: project Director Jan Simco, Community Development Coordinator City of Fayetteville 113 W. Mountain Fayetteville, AR 72701 501-575-8261 Coordinator of Community Development Block Grant Program activities for the City since 1988. Prior experience includes approximately 13 years with subsidized housing programs including Public Housing and Section 8 Program Bachelor of Arts, 1971 - Sociology/English Master of Public Administration (coursework, no degree conferred), 1982 Jim Miller, Rehabilitation Specialist City of Fayetteville 113 W. Mountain Fayetteville, AR 72701 501-575-8260 Coordinator of Residential and Rental Rehabilitation Programs for approximately one year. Prior experience as land agent for City and in construction, real estate sales. Bachelor of Science, - Political Science Certified Housing Inspector, 1992 18. How do you plan to leverage HOME funds with other funding sources? Initially, HOME funds for rehabilitation will be combined with those allocated by the Department of Energy for a Weatherization Program This Program is administered by the Economic Opportunity Agency, a local community action agency. HOME funds may be combined with Community Development Block Grant funds or private funds at a later time, after staff has gained more experience with regulations 4 governing the HOME Program. 19. How many low and very low income families will be served? We anticipate 40-45 families can be served with the HOME funds set aside for homeowner rehabilitation. 20. What percent of total project represents families with handicaps or special needs served? Based upon past experience, approximately half of funds will assist persons with handicaps or special needs. 21. Determination of economic feasibility and reasonableness of repair costs. The criteria used to determine the feasibility and reasonableness of individual projects include: a. Unit density will not be increased more than 20 percent; b. The project will involve changes in land use from residential to nonresidential or vice versa; c. The project does not involve changes from one class of residential to another such as from single family dwelling to multi -unit dwellings; d. The estimated cost of rehabilitation is less than 75 percent of the total estimated cost of replacement after rehabilitation as determined by City staff. 22. Describe the overall project and affordable housing goals that will be met. The goal of the HOME Rehabilitation Program is upgrade the existing housing stock occupied by lower and very low income residents of Fayetteville who own or are purchasing a dwelling that is their principal residence. Rehabilitation activities are available to all eligible residents regardless of location of the dwelling within the City. However, rehabilitation activities may be combined with other community development initiatives and concentrated in a particular area to promote neighborhood revitalization. Affordable housing goals that will be met include: * Completion of repairs to increase the energy efficiency of dwellings; • • • • * Completion of repairs directed to an accumulation of deferred maintenance of dwellings; * Completion of repairs to increase accessibility for physically impaired persons; * Utilization of policies designed to limit assistance to lower and very low income persons for a period from 5-10 years. • I certify the information given in the HOME application is true and correct. re S. Vorsanger, ayor 6 9-/- 9� Date Program Timetable 1st 2nd 3rd 4th 5th 6th Qtr Qtr Qtr Qtr Qtr Qtr (June. (Sept. (Dec, (March, (June (Sept. July Oct Jan Apr Jul Oct Activity Aug) Nov) Feb) May) Aug) Nov) Advertise `/A* Select Applicants Select Contractors Rehabilitate Units y _; x Property Inspection 1 Final Inspection X Close Loan s Other: (Specify) "Due -o tne :arse nurber of applicants currently on our Waiting List and presumed eligible, initial advertisins: will not be necessary. We may exercise this option at a later time. Dollar Amount of Home Funds to be Expended by Quarter $ $ 6C,30C $ 60,00C $ 60,000 $ 63,CO0 $ 60,CO0 • • • SECTION I RENTAL REHAB QUESTIONNAIRE 4 1. Describe your program by answering the following questions: A. Program Summary: In the space below, provide a brief summary of the proposed program. This summary will be presented to the ADFA HOME Committee as they evaluate the prcgrams. The purpose of the Renta. Rehabilitation Program is to increase the supply of decent and affordable rental Dousing for lower income families. This is tc De atnieved through the rehabilitation of existing rental properties using a cor;nina- tion of public and private financing. The public financing is a subsidy designed to reduce costs to an amount which :rakes the rehabilitation feasible while keeping rent affordable for lower income families. she subsidy will supplement private matching funds obtained by the owner c_` the rental property. B. Detailed Program Description: On no more than (31 separate sheets of Paper, provide a precise, complete description of the proposed program. Describe the activities to be undertaken, how the activities will be funded and who will benefit. Explain how the activity will improve the housing conditions of low and very low income households in an affordable manner. Material submitted in excess of the three panes will not be considered. Low income are families whose gross income does not exceed 80% of the area median income adjusted for family size, low is 50$, according to HUD's published schedule. (See Section III, Program Information. Exhibit 0) Provide responses to questions 2 through 15 in the space provided below each auestion. Responses to these questions should be a brief explanation of program elements, however, attach additional pages if needed. s • • Attachnent "A" CITY OF FAYETTEVILLE HONE RENTAL REHABILITATION PROGRAM PROJECT DESCRIPTION • The City of Fayetteville's Rental Rehabilitation Program (RRP) will provide a subsidy to Owners/Investors who wish to upgrade or renovate existing rental property while providing reasonable rents. The RRP is designed to reduce rehabilitation costs to an amount which makes the project financially feasible while keeping after - rehab rents affordable for lower income families. The subsidy will supplement private matching funds secured by the owner. PROJECT ELIGIBILITY REQUIRENENTS Projects must be in suitable condition for moderate rehabilitation, as determined by the RRP staff. In general, projects requiring extensive reconstruction or new construction are not feasible. At completion of the work, projects must meet housing code requirements and, in the case of multi -unit building, each unit must meet housing code requirements as well as the building itself. Projects must be privately owned and in substandard condition prior to rehabilitation. (Substandard is defined as not meeting adopted City building codes or HUD Housing Quality Standards, or both.) Projects located within either designated Community Development Target Areas or otherwise lower-income neighborhoods (as determined by RRP staff) may receive priority over other projects. Mixed-use projects are eligible if the rentable floor space must be at least 51 percent is residential in nature. ELIGIBLE REHABILITATION COSTS Examples of eligible rehabilitation costs are: * Actual costs to correct substandard conditions as determined by applicable local codes or HUD Housing Quality Standards. * Actual costs to make essential improvements such as repairs to improve energy efficiency or handicapped accessibility. * Actual costs to repair housing systems in danger of failure such as heating, plumbing, appliances or others as determined by RRP staff. * Eligible "soft costs" including but not limited to architectural or other professional services, appraisals, drawings, credits, permits, filing fees. SUBSIDY LEVELS AND PROJECT FINANCING The subsidy provided by the Program will not exceed 50 percent of eligible project costs with maximum amounts depending on the bedroom size of the unit or units within the project. Maximum subsidy limits per unit are: One bedroom Two bedroom Three bedroom $6,500/unit 7,500/unit 8,500/unit The subsidy is in the form of a no interest, deferred payment loan which does not require repayment as long as Program requirements are met through the 5 -year term of the loan. The loan will be secured by a mortgage on the property. Owners receive a loan discount of 20 percent for each year of Program compliance. The Rental Rehabilitation Program Agreement and the mortgage cannot be transferred or otherwise conveyed during the 5 -year term. If the property is sold, etc. or if program requirements are violated, the applicable portion of the subsidy (less any credit) is due in full. AFTER REHAB PROGRAM REQUIREMENTS During the term of the RRP Agreement participating owners agree to: * Maintain the rehabilitated property so that units continue to meet minimum Housing Quality Standards; units will be inspected each by RRP staff. * Not discriminate against prospective tenants an the basis that they receive or are eligible to receive housing assistance. * Comply with statutory limits regarding tenant income and per unit rent amounts. * Comply with other requirements regarding Fair Housing, Affirmative Marketing, lead-based paint, and relocation. LIMITS ON ASSISTANCE Rehabilitation of specific project or properties will be assisted only once. This prohibition does not include additional assistance when work items are inadvertently omitted or completed incorrectly. • • 2. Income Limits: What are your income limits for .ow and very low income families to be served by family size? STATE ARKANSAS I N COME L 1 N 1• S •-16-12 PROGRAM 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON NSA : Peyit'sy111e-SRr1n00A1A. AR ■Y 1992 NECKAR FAMILY VERY LOyINCOME 10250 11700 13200 1.670 '7500 11000 19130 '9730 INCOME: 29300 L0W-INCOME 18400 19750 71100 72.70 ]5200 27200 21050 30950 3. What method will the local program use to monitor and recapture grant or loan funds in the event of non- compliance? A mortgage in the amount cf the Deferred Payment Loan will be executed. The mortgage will refer to the Rental Rehabilitaticn and conditions thcrecf regarding statutory compliance. Nan -compliance will result in the repayment of total amount of indebtedness within 30 days cf notice to OwneriInvestor. 4 A. What is the compliance (or affordability) period for grants or loans? Less than $14,999 lIO'W Funds per unit - 5 Years More tnan S14,00C HOME Funds per unit - 1C years B. How will it be monitored? Each project will be inspected for housing standards compliance, tenant eligibility, and rental charges annually. City staff will complete aonitorng activities. C. Will there be a provision for annual "forgiveness" as part of the grant or loan? Yes. For 5 -year affordability period, a _C "credit" w11. be applied at the anniversary date of the Rehabilitation Agreement; a 10% annual "credit" will be applied for 1O -year affordability period. 5. If HOME funds are to be used as loans, what will the loan terms and interest rate be? Interest-bearing loans will not be utilized for the Rental Rehab Program. 9 APP -PICT DOC • • • • • • • 6 What fees, if any, will be charged local recipients (owners, developers, etc.)? Eligibly "soft costs," permit fees, and recordation fees. 7. What limit, if any, will be placed on the amount of subsidy a project can receive? The following sucsidy limits will be applied: Ono 7edreo- - $6,300 per unit Two bedroom - 7,503 per unit Three bedroom - 8,500 per unit 8. What property standards will be used for rehabilitation or work? All units must comply with adopted City building, electrical, and p.umb:n^ :odes and AJFA property standards. Eligible site improvements must comply with applicaale City codes and ordinances or, at a minimum, .ha HUD Housing• Quality Standards. 9. What is the annual rent limit for your program? ----FY 1991 HOME PROGRAM R E N T S ---- PROGRAM 11F1CIENCY 1 -BEDROOM 2 -BEDROOM 3 -BEDROOM 4 -BEDROOM 5 -PERSON 6 -PERSON Feyettovllle-SprIngdole, AR FAIR MARKET RENT to% MINT LIMIT 66% RENT LIMIT 276 334 394 492 552 634 717 236 254 308 346 367 386 406 313 337 406 461 495 527 b60 10. A. How will local residents be made aware of the program? Marketing/advertising will be conducted through Public Notice in t;e two local newspapers, through local Realtor organizations, and sources provided tarcugh tae Fayetteville Housing Authority. Additional outreach will Se provided through local lending institutions. B. How will recipients of the program be selected? Applicants will be contacted initially an a "first-come, first-served" basis. However, pro'ect approval will depend on the applicant's ability to provide matching funds and ether requirements and may not necessarily ae in strict c;:rorologt al order. Priority may be given to applicants with projects located in low -to -moderate income neig`:borhoods over those with projects located in cther areas. APP-PYT nor n • • • , • 11. A. Who will select contractors for rehabilitaticn on construction wcrk? Ownersilnvestors may select their awn general or su^contractors. The Community Development Rehab Program's list of Contractors may also be utilized if desired. B. What method will be used to select contractors? Owners must document that competitive bidding procedures were utilized by presenting at least two bics for either general .:antractors cr illi::dual subcontractors. C. What method will be used to ensure that no supplier liens are placed on the property? Lien waivers will be required from general or subcontractors. 12. What are your policy and procedures for outreach to solicit bids, services and/or products from minority business and women business enterprises? The City has established policies regarding utilization of minority and women businesses in conjunction with the Community Development Program. 13. Has matched funding been committed? Yes If yes, attach commitment letter. Individual project commitments will be submitted tc ADFA prior to final award and commitment of HOME funds. &PP - PICT . DOC XX , No 11 • • 14. Identify houses to be rehabilitated and attach map. Irfornation an specific projects :s net yet available. 15. Identify staff who will work Identify by name, present pertinent housing experience. See attacand. on and manage the program. position, education, and 16. Percent of low to very low income households (See Exhibit F). 17. Percent of overcrowded units (see Exhibit F). 18. Percent of vacant units ;see Exhibit F). e4 : Rank:.. _) 4; (Rankine) ,., (Rankin-) 19. A. Number of low income families on the Section 8 waiting list in applicant's city, county or nearest acessible city of county. (A) 182 B. Number of low income families on the Public Housing Authority waiting list in applicant's city, county, of nearest accessible city of county. (B) 89 C. If public housing and Section 8 waiting lists are not available, applicant must provide either a Farmer's Home Administration market analysis or HUD study for renter housing assistance needs or a housing needs study completed bV local governing body that is relevant to the project proposal. If there is a Section 8 provider and/or a public housing agency in the city or county where the proposed project is located, data from the waiting list must be provided. (C) (PLEASE BE SURE TO ENCLOSE 19(C) IF 19(A) AND/OR (B) ARE NOT AVAILABLE.) 1 APP -PICT DOC • Actacnment "3" Project Director Jan Simco, Community Development Coordinator City of Fayetteville 113 W. Mountain Fayetteville, AR 72701 501-575-8261 Coordinator of Community Development Block Grant Program activities for the City since 1988. Prior experience includes approximately 13 years with subsidized housing programs including Public Housing and Section 8 Program. Bachelor of Arts, 1971 - Sociology/English Master of Public Administration (coursework, no degree conferred), 1982 Jim Miller, Rehabilitation Specialist City of Fayetteville 113 W. Mountain Fayetteville, AR 72701 501-575-8260 Coordinator of Residential and Rental Rehabilitation Programs for approximately one year. Prior experience as land agent for City and in construction, real estate sales. Bachelor of Science, - Political Science Certified Housing Inspector, 1992 • • 9 • 20. Is the proposed project located in an area identified by FEMA as having special flood hazards? Yes No "21. Is the proposed project in an historical district? Yes No "22. Is the project presently occupied by tenants who will have to be relocated because of the proposed rehab project in this application? Yes No 'NOIE: Information on individual projects is not yet available. '_`.is information wi]_ be submitted to ADFA prior to final commitment of HOME funds. mer-vr.ex • • • SECTION II PROGRAM SUMMARY FORM RENTER OCCUPIED UNITS Iriornarion on individual proects is not vet avai:able. Acquisition Low Income and Rehab Very Low Income Rehab Only TOTALS Low Income Very Low Income No. of Home Total House- Funds Cost holds Per Per No. Tatar Assisted Unit Unit Units Cost LI VLT— S $ $ 15 .SPP-PKT DOC I' '_n°or.:-ation ca individual projects is not vet available Project Income Information st the estimated monthly income for the low-income units. Total number of Low -Income Units Total Number of Number of Monthly Rent Monthly Rent Bedrooms Units per Unit by Unit Type Other Income Source Less Vacancy Allowance Total Monthly Income What is the estimated annual percentage increase in annual income? List the estimated monthly income for the market rate units. Total number of market rate Units Total Number of Number of Monthly Rent Monthly Rent Bedrooms Units per Unit by Unit Type Other Income Source Less Vacancy Allowance Total Monthly Income Average Square Feet of Unit Average Square Feet! of Unit! Lr.tornarica Jr. individual ?ro'ccts is act Yet availab:e. £his irforration will be provided to ADFA prior to corusitzert of i:0MZ funds. SECTION III PROJECT BUDGET Budget Item HOME Grant Matched Funds* Acquisition $ $ $ Closing Cost $ $ $ Soft Costs $ $ $ Housing Rehabilitation $ $ S. Other (specify) $ $ $ S S $ S S $ S S S S S TCTAL $ $$ * Identify below the source and amount of all matched funds. 1. 2. 3. 4. 5. 6. NAME OF LENDER OR SOURCE OF FUNDS Tctal • ��� • • . • 11 11 111 -11 L b !1 - • . • 1 Y 1.. • • ` A - • 16 APP -PET DOC I 13 SECTION IV PROGRAM TIMETABLE 1st 2nd Qtr Qtr (June, (Sept, July Oct Activity Aug) Nov) Advertise X Select Applicants x (Select Contractors x Rehabilitate Units x Property Inspection Final Inspection Close Loan (Other: (Specify) Submit applications tc AUFA X Dollar Amount of Home Funds to be Expended by Quarter $ $ 3:),ri):1 3rd 4th 5th 6th Qtr Qtr Qtr Qtr (Dec, (March, (June, (Sept,; Jan Apr Jul Oct Feb) May) Aug) Nov x x x x x x x x x x x $ 50,DC0 $ 50,0C0 $ 50,306 $ 1; 15 SECTION V MINORITY & WOMEN BUSINESS ENTERPRISES CERTIFICATION Name of Agency or Organization: Address: Telephone: Policy Statement: C::Y OF FAYE::E.'ILLE 113 .v. M_cun:.a_n ?avettevi.le, AP ;270: 501-375-3251 (CD Office) The above agency (organization) is committed to fully Support all possible participation of firms owned and operated by Arkansas Minority Business and Women Business Enterprises by establishing a goal to procure contracted goods and services from Arkansas Minority Business and Women Business Enterprises when expending HOME funds each fiscal year. .Jan Sinco is the Procurement Officer to be Name (plum pint) responsible for administering this compliance plan. Name of highest elected official (mayor, county judge or chairman of the board of a non-profit): Title: Signature Date: Supervisor of Procurement Officer: Telephone: Fred S. Corsar.ger Name (pksa Pdo) :•Savor // Alett S. Little Name - (p -..m wdh ova.sght .a.poroibdiq) 50:-575-5305 F.MvE 1'1 f�"I'I.I.111 THE CITY OF FAYETTEVILLE. ARKANSAS September 2, 1992 Bob Nash, President Arkansas Development Finance Authority POB 8023 Little Rock, AR 72203 Dear Mr. Nash: Enclosed please find the completed application for funds in the amount of $500,000 to carry out the HOME Homeowner Rehabilitation and Rental Rehabilitation Programs in the City of Fayetteville. The HOME funds, if granted, will be used to rehabilitate owner - occupied and renter -occupied housing either currently occupied by or made available to lower -income households. The HOME funds will be distributed to the two programs as follows: Homeowner Rehabilitation $300,000 Rental Rehabilitation $200,000 The Programs will be administered and monitored by the City's Community Development staff; program development and administration will be funded from the Community Development Block Grant. We expect the Programs will support and enhance our on -going and proposed activities for neighborhood revitalization particularly in areas of the City identified as lower -income. This proposal represents a commitment by the City to upgrade housing and related services to our citizens through our capacity to adopt, implement, and enforce local building codes. In this regard, there are no foreseeable barriers to impede implementation of the HOME Program. We appreciate this opportunity and look forward to working with you and your staff in the near future. Sincer2J/ re S. Vorsanger Mayor a- 113 WEST MOUNTAIN 72701 501 521.7700 • a , 1 ' 1 1 II (� c • �.Rl 1 W I ° - r 1 ` • r• I. `~ ti I• L • ' i 1 r. a I Jr : s! - fl 1 iit' fit ___ I .1 ' i. 11 ci .I II - 111 p .. I' -r _ Fl +1.. \ Y •I I `j II I .. t .1 I11 Y `7— r S ) I� -J HOME CONTRACT OF AGREEMENT Fred S. Vorsanerr. „avor (Print name) The City of Pavetreville, Arka-sps , enter i (Print name of agency or organization) the following agreement with the Arkansas Development Finan Authority (ADFA), administrator The purpose of this agreement is to ensure that HOMX used in accordance with all program requirements set 24 CFR, Part 92, which is the regulatory document for Investment Partnership Program. Henceforth The City of =avettevillc, Arkansas shall be to as the entity, and the Arkansas Development Authority as ADFA. Below are the terms of the agreement by signatures to this contract. evidenced This agreement remains in effect for the duration of affordability requirements of the program or project which HOME funds are expended, and during any period which the entity has control over ROME funds. The entity agrees to enter before it disburses funds to HOME program compliance. into a written agreement any other entity, to ensure At a minimum, the entity agrees to submit in writing in its application for HCME funds: a) description of the use cf HOME funds, b) tasks to perform, a schedule for completing the tasks and a budget in sufficient detail for ADFA to provide a sound basis for the release and monitoring of the HOME funds. The entity agrees to comply with the affordability requirements of Sections 92.252 and 92.254 of 24 CFR, Part 92 of the ROME Regulations, and should it not meet the affordability requirements for the specified time period ADFA shall require repayment of the funds. The entity agrees to execute means of enforcement by executing deed restrictions and lien recordations. 5. Repayment of funds including any interest or other returns on the investment cf HOME funds shall be retained in the entity's HOME trust fund for redistribution to other HOME eligible projects. 6. The entity must comply with uniform administrative requirements as follows: A. Government Entities. The requirements of O.'S Circular No. A-87 and the following requirements of 24 CFR Part 85 apply tc the participating jurisdiction, state recipients, and any governmental subrecipient receiving HOME funds: §§ 85.6, 85.12, 85.2C, 85.22, 85.26, 85.35, 85.38, 85.44, 85.5:. and 85.52. B. Nonprofit Organizations. The requirements of Ol' Circular No. A-122 and the following requirements cf OMB Circular No. A-113 apply to subrecipients receiving HCME funds that are private nonprofit organizations: Attachment B, attachment F, attachment H, paragraph 2, and attachment O. (Copies of Ol Circulars may be obtained from E.C.P. Publications, Rocm 2200, New Executive Office Building, Washington, D.C., 20503, telephone (202) 395-7332. (This is act a toll -free number. There is a limit of two free copies.) 7. The entity agrees to have audits conducted in accordance with 24 CFR Part 44, and OMB Circular A-1-33. 8. The entity agrees that it will comply with the maximum per unit HOME subsidy amount required by HUD and further defined in 24 CFR-92, Section 92.250. 9. The entity agrees that it will comply with the Housing Quality Standards, ADFA's Property Standards, as applicable to the unit or project to be rehabbed, constructed, acquired or assisted with HOME funds, and that it will comply with local codes, rehab standards, zoning ordinances, cost effective energy conservation, and effectiveness standards (24 CFR Part 39), and for new construction will meet the current edition of the Model Energy Code published by the Council of American Building Officials. 10. The entity also agrees to carry out each activity in compliance with all federal laws and regulations as fellows: A. The entity will comply with the requirements of the Flood Disaster Protection Act of 1973 (42 U.S.C. 4001-4128) and the Coastal Barrier Resources Act (16 U.S.C. 3601). 2 B. The entity will comply with the provisions of the National Environmental Policy Act of 1969 (NEPA) (42 U.S.C. 4321), and applicable related environmental authorities at 24 CFR Part 50.4, and HUD's implementing regulations at 24 CFR Part 50. C. The entity will comply with the requirements cf the Fair Housing Act (42 U.S.C. 3601-19) and implementing regulations at 24 CFR Part 100, Part 109, and Part 110; executive Order 11063 (Equal Opportunity in Housing) and implementing regulations at 24 CFR Part 10'x; and Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d) (Nordiscriminatior. in Federally Assisted Programs) and implementing regulations issued at 24 CFR Part 1, and will affirmatively further fair housing. D. The entity will comply with the Age Discrimination Act of 1975 (42 U.S.C. 6131-07) and implementing regulations at 24 CFR Part 146, which prohibit discrimination because of age in programs and activities receiving Federal financial assistance. E. The entity will comply with Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794),as amended, and with implementing regulations at 24 CFR Part 8, which prohibit discrimination based on handicap in Federally -assisted and conducted programs and activities. F. The entity will comply with Section and Urban Development Act of 1968 1731u) (Employment Opportunities for Persons in Connection With Assisted with implementing regulations at 24 3 of the Housing ., Lower Income Projects), and CFR 135. C. The entity will comply with the requirements of Executive Order 11246 (Equal Employment Opportunity) and the regulations issued under the Order at 41 CFR Chapter 60. H. The entity will comply with Executive Orders 11625, 12432, and 12138, which state that program participants shall take affirmative action to encourage participation by minority- and women -owned business enterprises. 3 :. The entity will comply with the policies, guidelines, and requirements of CN.B Circular Ncs. A- 87 (Cost Principles Applicable to Grants, Contracts and Other Agreements with State and Local Governments), 24 C_R Part 85 (Administrative Requirements for Grants and Cooperative Agreements to State, Local and Federally Recognized Indian Tribal Governments), A -11C (Grants and Cooperative Agreements with Institutions of Higher Education, Hospitals. and Cther Nonprofit Organizations,, A-122 (Cost Principles Applicable to Grants, Contracts and Cther Agreements with Nonprofit Institutions;, and audit requirements described in OMB Circular A-128 implemented at 24 CFR Part 44 and CMS Circular A-133 (Audits of Institutions of Higher Learning and Cther Non-profit Institutions. J. The entity will provide drug -free workplaces in accordance with the Drug -Free Workplace Act of 1988 and HUD's implementing regulations at 24 CFR Part 24, Subpart F. K. The entity will comply with the requirements of the Lead -Based Paint Poisoning Prevention Act (42 U.S.C. 4821, et seg.) and implementing regulations at 24 CFR Part 35. L. The entity will ensure that no person has been or will be displaced from his or her dwelling as a direct result of the homecwnership program described in this application. This does not preclude termination of tenancy for violation of the terms of occupancy of a unit. M. The entity will ensure that no Federally appropriated funds have been paid or will be paid, by or on behalf of the undersigned, for lobbying the Executive or Legislative Branches of the Federal Government. (Refer to the government -wide common rule governing the restrictions on lobbying, published as an interim rule on February 26, 1990 (55 FR 6736) and supplemented by a Notice published June 15, 1990 (55 FR 24540). For HUD, this rule is found at 24 CFR Part 87.) 4 I N. The entity and its principals (a; are not presently debarred, suspended, proposed for debarment, declared ineligible, or involuntarily excluded from covered transactions (see 24 CFR 24.110) by any Federal department or agency; (b) have not within a three-year period preceding this application beer. convicted cf or had a civil judgment rendered against them for commission cf embezzlement, theft, forgery, bribery, falsification. or destructicr. of records, making false statement or receiving stolen property; (c) are not presently indicted for or otherwise criminally or civilly charged by a governmental entity (Federal, State or local) with ccwarissior. of any of the offenses enumerated in (b) of this certification; and (d) have not within a three year period preceding this application had one or more public transactions (Federal, State or local) terminated for cause or default. Where the entity is unable tc certify to any other statements in this certification, such entity shall attach an explanation behind this page. C. The entity will comply with State and local codes and ordinances and other applicable laws. P. Entity will comply with conflict of interest provisions referred to in Section 530 of the Notice of Program Guidelines 56 F.R. 4458, which provide that no person who is an employee, agent, consultant, officer, or elected or appointed official of the entity and who exercises or has exercised any functions or responsibilities with respect to assisted activities, or who is in a position to participate in a decision -making process or gain inside information with regard to such activities, may obtain a financial interest or benefit from the activity, or have an interest in any contract, subcontract, or agreement with respect thereto, or the proceeds thereunder, either for himself or herself or for those with whom he or she has family or business ties, during his or her tenure or for one year thereafter. Q. The entity will comply with the Davis -Bacon Act (40 U.S.C. 276a-5) involving 12 or more units assisted with HOME funds, and more fully defined in 24 CFR Part 92 Section 92.354. R. The entity agrees to comply with all applicable program requirements described by ADFA, and the HOME regulations 24 CFR, part 92 as applicable, and any amendments hereafter to the HOME regulations and/or ALFA program guidelines. 5 ... The entity agrees to marketing plan, and records in a central monitor entity's eff( marketing. comply with the ADFA's affirmative the entity further agrees to keep file readily available for ADFA to :rts and compliance with affirmative .2. If the entity is a religious organization it must ccmply with 24 CF 4, Part 92, Section 92.257, which refers to the regulation that the housing project undertaken by a religious organization must be available to all persons regardless cf religion, and there must be no religious or membership criteria for tenants of the property. .3. The entity agrees that it will request no disbursement of HCME funds under this agreement until the funds are needed for eligible cost, and each request will be limited to the amount needed. 14. The entity agrees to transfer to ADFA any HOME funds on hand at the completion of the project, which exceeds the necessary amount cf funds to complete the project. 15. Upon expiration of this agreement the entity agrees to transfer to ADFA any HOME funds on hand at the time of expiration and any acccunts receivable attributable to the HOME funds, unless said funds are to be retained in a separate HCME account administered by the entity. 16. The entity agrees to keep records and reports and submit same to ADFA including but not restricted to: A. Tenant occupancy by income and family size. B. Documentation of inspections before, during and upon completion of a project. C. Annual site visits for affordability compliance for multifamily units. D. Biannual (every 2 years) site visits for a one to four dwelling unit. E. Affirmative marketing outreach, such as clipped notices and/or advertisements, or paid invoices for electronic media. F. Equal opportunity and fair housing records including racial and ethnic group and single headed household data, Section 3 data, minority and female owned business data and affirmative fair housing actions. U G. Census tracts where investments are made, according tc amount of HC ME funds budgeted, committed and expended. H. If new construction, records supporting certificat;on for eligibility. I. Records for documenting the :nccme of NCI✓� beneficiaries. J. Program administration (1) Accounting recor, Investment Trust HC ME accounts set HOME funds. records as follows: Is regarding the local HOME Find account and any separate up for repayments of invested (2) C/MI records (payment certifications, reports, etc . ) ;3) Records documenting program income from HOME assisted projects. (4) Records of all HOME Program written agreements and monitoring reviews. (5) Records of audits. K. To comply with 24 CFR, Part 92, any data collection requirements, reports, and/or records that HUD shall require. 17. The entity agrees that not less than annually, ADFA shall have the right and must review the performance of each contractor and subrecipient. 18. The entity agrees to retain all records at least three years after the affordability period ends. This agreement shall begin on , and will remain in force for the period of affordability applicable to the project for which HOME funds are invested, unless the ADFA determines that a breach of contract has occurred, at which time ADFA may exercise any and all of its rights and remedies under the HOME Regulations, 24 CFR, Part 92, including the right to terminate this agreement and recapture any HCME funds allocated to said entity. 7 Upon the execution of this agreement, ADEA agrees to allocate in accordance to ADEA guidelines and the HC1' Regulations of 24 CFR, Part 92, the amount of /1CC, $ Signatu -e of legally respor.s bie entry cfficial fltle (Please print) ADEA Official Date Date WARNING: 18 U.S.C. 1C01 provides, among other things, that whoever knowingly and willingly makes or uses a document or writing containing any false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction of any department or agency of the United States, shall be fined not more than $ 13,000 or imprisoned for not more than five years, or both.