NSP O NSP Open Forum pen Forum NSP Open Forum Q & A and NSP3 - - PowerPoint PPT Presentation

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NSP O NSP Open Forum pen Forum NSP Open Forum Q & A and NSP3 - - PowerPoint PPT Presentation

Aug 26, 2022 158 likes •382 views

U.S. Department of Housing and Urban Development NSP O NSP Open Forum pen Forum NSP Open Forum Q & A and NSP3 Slow Spenders November 19 th , 2013 Community Planning and Development Moderators and Host M d Moderat tor John

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pen

U.S. Department of Housing and Urban Development

NSP O Forum NSP Open Forum

NSP Open Forum Q & A and NSP3 Slow Spenders November 19th, 2013

Community Planning and Development

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Moderators and Host

  • M d

Moderat tor – John Laswick, Dept. of Housing and Urban Development – David Noguera, Dept. of Housing and Urban Development – Hunter Kurtz, Dept. of Housing and Urban Development – Jen Hylton, Dept. of Housing and Urban Development

  • H

t Host – Kent Buhl, KB Consulting, kentbuhl@gmail.com

U.S. Department of Housing and Urban Development • Community Planning and Development

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NSP3 Sl NSP3 Slow S d Spenders

U.S. Department of Housing and Urban Development • Community Planning and Development

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t C NSP3 E dit Current NSP3 Expenditures

  • As of November 18

As of November 18, 2013

  • 2013

– $970 Million Awarded – 71 5% E 71.5% Expend ded d – $276,395,531.51 left to spend in about four months about four months – 26 Grantees under 50% Expended Expended

Community Planning and Development

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t t t T Ti M i E di Top Tips to Meeting Expenditure Deadline

  • 1. Rules About Expenditures

2 Keeping DRGR C DRGR Current t with P ith Program A Acti tiviti ities 2.

  • 3. Maintaining a Timeline for Expending Funds
  • 4. A

i i i d h M k Acquisition and the Market

  • 5. Amendments

Community Planning and Development

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zyxwvutsrqponmlkjihgfedcbaWVUTSRQPONMLKJIHGFEDCBA 1 R les abo t E pendit res

  • 1. Rules about Expenditures
  • What does “expend” mean?

“Expend” = not the same as “drawn down” in DRGR  If on accrual method of accounting, accrued costs count Report expenditures in QPR “Drawn” used as a proxy in HUD DRGR reports

  • Expenditures incurred by grantees and

subrecipients subrecipients Ensure expenditure reports from subrecipients are up-to-date are up to date

U.S. Department of Housing and Urban Development • Community Planning and Development

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n s

  • 1 R les abo t E pendit res (cont)
  • 1. Rules about Expenditures (cont)

Examples: Examples: Payments (i.e., cash disbursements) to contractors contractors, employees, homeowners, , employees, homeowners, and other payees Invoiced amounts owed to contractors for goods or other property received or services performed Amo ts paid to third part ellers f Amounts paid to third party sellers of foreclosed upon real properties

U.S. Department of Housing and Urban Development • Community Planning and Development

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1 R les abo t E pendit res (cont)

  • 1. Rules about Expenditures (cont)

Examples (cont): Examples (cont):  Accrued salaries (incl fringe benefits) of  Accrued salaries (incl fringe benefits) of employees Indirect expense incurred (requires indirect Indirect expense incurred (requires indirect cost allocation plan)

U.S. Department of Housing and Urban Development • Community Planning and Development

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zyxwvutsrqponmlkjihgfedcbaWVUTSRQPONMLKJIHGFEDCBA 1 Rules about Expenditures (cont)

  • 1. Rules about Expenditures (cont)

Documentation:

  • Contracts (e.g., construction contracts)
  • Invoices
  • Closing documents
  • Loan documents (incl agreements with

Loan documents (incl agreements with lenders)

  • Subrecipient agreements
  • Payrolls
  • Indirect

Indirect cost proposals cost proposals

U.S. Department of Housing and Urban Development • Community Planning and Development

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zyxwvutsrqponmlkjihgfedcbaWVUTSRQPONMLKJIHGFEDCBA

1 R les abo t E pendit res (cont)

  • 1. Rules about Expenditures (cont)

Special cases: Special cases:

  • Payments to developers

R t i t

  • Retainage amounts
  • Disbursements into loss reserves for third party

loans loans

  • Lump sum drawdowns (24 CFR 570.513)

U.S. Department of Housing and Urban Development • Community Planning and Development

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to be c ased b t e G a tee

1 R les abo t E pendit res (cont)

  • 1. Rules about Expenditures (cont)

What is NOT NOT an Expenditure What is NOT NOT an Expenditure – Future Administrative Costs This includes future staff and monitoring

  • This includes future staff and monitoring

expenses – Property Under Construction and not Property Under Construction and not completed – Property to be pu purchased by y the Grantee

  • pe ty

that is under a purchase agreement but not yet closed

U.S. Department of Housing and Urban Development • Community Planning and Development

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2 Is DRGR Current with Program

  • 2. Is DRGR Current with Program

Activities?

  • If it isn’t in DRGR, then it’s not being done!!
  • Are there staffing limitations? (# or capacity)

Community Planning and Development

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2 Is DRGR Current with Program

  • 2. Is DRGR Current with Program

Activities? (cont)

Need Help with DRGR?

  • Check out “NSP

NSP Expenditures DRGR and Expenditures, DRGR, and Check out QPRs Webinar” From January 2013 https://www.onecpd.info/resource/2817/nsp- expenditures drgr and qprs webinar/ expenditures-drgr-and-qprs-webinar/ OR OR

  • Request NSP TA for any assistance needed:

http ps://www.onecp pd.info/technical-assistance/

Community Planning and Development

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zyxwvutsrqponmlkjihgfedcbaWVUTSRQPONMLKJIHGFEDCBA 3 What Is Your Timeline To Expend

  • 3. What Is Your Timeline To Expend

Funds

  • Is production on schedule?

– If not, why y? – Identify reasons / causes – Which are under your control (i e project Which are under your control (i.e., project design)? Which are not (i.e., market conditions)?

Community Planning and Development

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zyxwvutsrqponmlkjihgfedcbaWVUTSRQPONMLKJIHGFEDCBA 3 What Is Your Timeline To Expend

  • 3. What Is Your Timeline To Expend

Funds (cont)

  • Is the expenditure rate as expected?
  • Are NSP

p g rogram g goals being g met? – 25% set aside – National objectives National objectives – Expenditures, etc.

Community Planning and Development

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–

4 Acq isition and the Market

  • 4. Acquisition and the Market
  • Grantees have difficulty acquiring properties

Grantees have difficulty acquiring properties – Cannot move fast enough – Apprai isal ls i impact t on purch hase pri ice (hi (high her

  • r lower)

– Prices too high Prices too high – Don’t get early enough access to properties – Competition from investors Competition from investors

Community Planning and Development

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–

4 Acquisition and the Market (cont)

  • 4. Acquisition and the Market (cont)
  • Tips for acquisition

Tips for acquisition – Broaden the search – use brokers, national entities entities – Be flexible with price – Look at comparable census tracts Look at comparable census tracts – Diversify strategy to include land banks

Community Planning and Development

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5 Amendments

  • 5. Amendments
  • Amendments are a last resort
  • A Change in target area constitutes a substantial

amendment N M l – New Mappi ing tool http://www.huduser.org/NSP/NSP3.html

  • Discuss program changes early with the field

Discuss program changes early with the field

  • ffice to determine whether the change

constitutes a substantial amendment to the approved plan

  • Don’t forget that all amendments need to

t th 15 d bli t i d meet the 15 day public comment period

Community Planning and Development

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DO NOT FORGET!!! DO NOT FORGET!!!

You w ill eventually need to complete and meet a National complete and meet a National Objective for each NSP property BEFORE you can close

  • ut
  • ut.

So DO NOT buy just to meet the So DO NOT buy just to meet the Expenditure Deadline

U.S. Department of Housing and Urban Development • Community Planning and Development

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Questions?

U.S. Department of Housing and Urban Development • Community Planning and Development

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NSP Webinar Resource Links

Resources on NSP and OneCPD Resource Exchanges Search the NSP FAQs http://hudnsphelp.info/faqs View All Training Materials on the NSP http://hudnsphelp.info/learning g Learning Center p // p p / g https://www.onecpd.info/training‐events/courses Submit a Policy Question via OneCPD Ask A Question https://onecpd.info/ask‐a‐question Search the OneCPD Resource Library https://onecpd.info/resource‐library Request NSP Technical Assistance https://www.onecpd.info/technical‐assistance Connect with NSP Join the OneCPD Mailing List // / https://onecpd.info/mailinglist Visit the NSP Flickr Gallery http://flickr.com/photos/nspresourceexchange Visit the OneCPD YouTube Channel http://youtube.com/onecpd

U.S. Department U.S. Department of Housing

  • f Housing and Urban

and Urban Development Development •

  • Comm

Community Planning and Development unity Planning and Development

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Gi F db k Give us your Feedback

  • Answer a few short questions
  • Link:

https://www.surveymonkey.com/s/BSTSR5V

U.S. Department of Housing and Urban Development • Community Planning and Development

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