OVERVIEW Kenneth C. Holt, Secretary Goals and Goals and process - - PowerPoint PPT Presentation

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OVERVIEW Kenneth C. Holt, Secretary Goals and Goals and process - - PowerPoint PPT Presentation

Apr 17, 2023 182 likes •510 views

2020 QAP LISTENING SESSIONS OVERVIEW Kenneth C. Holt, Secretary Goals and Goals and process for process for revising revising current QAP current QAP AGENDA and Guide and Guide Overview of Spring 2019 Competitive Funding Round

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Kenneth C. Holt, Secretary

2020 QAP LISTENING SESSIONS

OVERVIEW

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AGENDA

Goals and process for revising current QAP and Guide Input and Discussion Goals and process for revising current QAP and Guide Overview of Spring 2019 Competitive Funding Round

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Listening Sessions – Goals and Process

  • Seeking input and engagement in the process

for revising the Qualified Allocation Plan and Multifamily Rental Financing Program Guide – ensure that the Department provides ample

  • pportunity for interested parties to have their

say and inform DHCD of key issues that should be considered during the revision process.

  • The Department’s Goal: adopt a revised QAP

and Guide that achieves a balance of many competing priorities and benefits from the collective expertise and experience of interested parties.

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2019 QAP & Guide Overview

  • PSH - In addition to the required Non-Profit Set-

Aside, DHCD established a set-aside of up to $1.5 million of competitively allocated LIHTC

  • Twinning - DHCD added three (3) points for

projects that involved “twinning” of 9% LIHTC and MBP/4% LIHTC

  • Opportunity Zones - DHCD incorporated

incentives for Opportunity Zones

  • Tenant Services – DHCD added an option to

certify the provision of tenant services through a sponsor organization or contract service provider that has achieved designation as a Certified Organization for Resident Engagement and Services (CORES)

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25 25 32 41 44 47 14 11 17 20 21 15

5 10 15 20 25 30 35 40 45 50

2013 2014 2015 2016 2018 2019

Applications Received and Funded by Year

Applications Received Applications Funded

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6 Total percentage may not add up to 100% since some properties are located in multiple community context categories. Opportunity Zones are included in the Other category as part of the 2019 revisions.

68% 50% 81% 32% 32% 36% 44% 38% 19% 61% 80% 47% 4% 13% 3% 7% 0% 32%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2013 2014 2015 2016 2018 2019

Applications Received by Round

QCT COO Other

QAP updated in 2019

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7 Total percentage may not add up to 100% since some properties are located in multiple community context categories. Opportunity Zones are included in the Other category as part of the 2019 revisions.

71% 73% 76% 10% 19% 60% 50% 27% 24% 90% 95% 53% 0% 0% 0% 0% 0% 40%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2013 2014 2015 2016 2018 2019

Applications Funded by Round

QCT COO Other

QAP updated in 2019

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2019 Round Funded Projects

  • 15 Projects
  • 8 Twinned Projects
  • Total 9% Units: 935
  • Total 4% Units: 902
  • Total 9% & 4% Units: 1,837
  • PSH Units: 35
  • Elderly Units: 262
  • Disability Units:207
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200 400 600 800 1000 1200 1400 1600 New Construction Assisted Rehab Unassisted Rehab

Progress towards VCA Unit Production Goal

Closed Processing 254 1163 381 7 1,417

1,050 Unit Min 200 Unit Max 250 Unit Max

1,624 Units Closed

  • r Processing out
  • f 1,500 Unit Goal
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Disability Housing Updates – Section 811 PRA

  • $1.2 M remaining used to identify

about 20 to 25 units

  • Awardees’ announcement pending
  • No additional funds available from FY12
  • r FY13 awards
  • HUD expected to announce new

funding during FFY 20

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Disability Housing Updates – Weinberg

  • First $2M grant awarded in 2011
  • Units set aside at 15% to 30% of AMI
  • Generated 20 units spread over 7

counties

  • Last $2M grant awarded in 2016
  • Units set aside at 10% to 30% of AMI
  • 14 units generated spread over five

counties and Baltimore City

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SLIDE 12
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2019 Round Average Sc Score Average Score – Funded: 185.02 points Average Score – Not Funded: 177.89 points Average Score – All Projects: 180.22 points Significant Score Differentials

Category Total Points Funded Not Funded % Differential 4.4.1 Income Targeting 15 12.07 11.5 4.96% 4.4.2 Targeted Populations 10 9.85 9.12 8.00% 4.5.1 Direct Leveraging 15 8.11 6.16 31.66% 4.6.2 Energy Conservation and Sustainability 6 4.53 3.55 27.61%

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Input and Discussion

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QAP Revisions – Anticipated Schedule

  • First Draft Published: November 2019
  • Comments Due: December 2019
  • Applications Due: Early May 2020
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Co Contact Us

  • Notices Posted At:

http://dhcd.maryland.gov/HousingDevelopment/Pages/MFLibrary. aspx#notices

  • Email: dhcd.qap@maryland.gov
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PERMANENT SUPPORTIVE HOUSING SET-ASIDE

PROJECT NAME: Sojourner Place at Wolfe SPONSOR: Episcopal Housing Corporation & Healthcare for the Homeless LOCATION: Baltimore, MD UNITS: 70 – 35 PSH, 35 Family TOTAL PROJECT COST: $19,761,836 OCCUPANCY: Family/Special Needs

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PROJECT NAME: Cold Spring Lane SPONSOR: Conifer Realty, LLC LOCATION: Baltimore, MD UNITS: 163 – 56 9%, 107 4% TOTAL PROJECT COST: $16,011,090 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Residences at Forest Glen SPONSOR: Montgomery Housing Partnership, Inc. LOCATION: Silver Spring, MD UNITS: 176 – 53 9%, 123 4% TOTAL PROJECT COST: $24,719,544 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Parkway Overlook SPONSOR: Osprey Property Company II LLC & Pax Edwards, LLC LOCATION: Baltimore, MD UNITS: 180 – 62 9%, 118 4% TOTAL PROJECT COST: $19,321,097 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Henrietta Lacks Village at Lyons Homes SPONSOR: CT Development Partners & Telesis Baltimore Corporation LOCATION: Turner Station, MD UNITS: 90 TOTAL PROJECT COST: $23,444,105 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Rosemont Gardens SPONSOR: Pax Edwards, LLC & Osprey Property Company II LLC LOCATION: Baltimore, MD UNITS: 199 – 68 9%, 131 4% TOTAL PROJECT COST: $19,885,529 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Artist Flats SPONSOR: Howard County Housing Commission LOCATION: Columbia, MD UNITS: 174 – 53 9%, 121 4% TOTAL PROJECT COST: $23,681,213 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: McCleary Hill Phase II SPONSOR: Hagerstown Housing Authority LOCATION: Hagerstown, MD UNITS: 79 TOTAL PROJECT COST: $21,982,290 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Residences at Roslyn Rise SPONSOR: Enterprise Homes LLC LOCATION: Columbia, MD UNITS: 153 – 59 9%, 94 4% TOTAL PROJECT COST: $26,105,962 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Woodyard Station SPONSOR: Pax Edwards LLC LOCATION: Clinton, MD UNITS: 158 – 46 9%, 112 4% TOTAL PROJECT COST: $18,697,115 OCCUPANCY: Family 9%, Elderly 4%

AWARDED PROJECTS

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PROJECT NAME: Millersview Crossing SPONSOR: Woda Cooper Development, Inc. LOCATION: Millersville, MD UNITS: 54 TOTAL PROJECT COST: $16,508,614 OCCUPANCY: Elderly

AWARDED PROJECTS

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PROJECT NAME: Ellicott Gardens Two SPONSOR: Homes for America LOCATION: Ellicott City, MD UNITS: 70 TOTAL PROJECT COST: $25,368,678 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: Homes at Berlin SPONSOR: Homes for America LOCATION: Berlin, MD UNITS: 54 TOTAL PROJECT COST: $11,208,142 OCCUPANCY: Family

AWARDED PROJECTS

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PROJECT NAME: South Street Centre SPONSOR: SCG Development Partners, LLC, Housing Authority of the City of Frederick, & New Harbor Development, LLC LOCATION: Frederick, MD UNITS: 152 – 56 9%, 96 4% TOTAL PROJECT COST: $22,425,160 OCCUPANCY: Family 9%, Elderly 4%

AWARDED PROJECTS

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PROJECT NAME: Willows at Berlin SPONSOR: Milford Housing Development Corporation & MBID of Delaware, LLC LOCATION: Berlin, MD UNITS: 65 TOTAL PROJECT COST: $17,479,148 OCCUPANCY: Family

AWARDED PROJECTS