Public Town Hall Post-Disaster Relocation and Buyout Program August - - PowerPoint PPT Presentation

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Public Town Hall Post-Disaster Relocation and Buyout Program August - - PowerPoint PPT Presentation

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Public Town Hall Post-Disaster Relocation and Buyout Program August 22, 2020 The meeting will begin momentarily, and it will be recorded. Please mute your phone and turn off your video to facilitate the recording quality. Thank you. Virtual

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Public Town Hall Post-Disaster Relocation and Buyout Program

August 22, 2020

The meeting will begin momentarily, and it will be recorded.

Please mute your phone and turn off your video to facilitate the recording quality. Thank you.

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www.HarrisRecovery.org

Virtual Meeting “House Rules"

Mute Yourself Upon Entering. If there is no mute button on your phone, press *6 to mute and unmute. Questions? Type in the chat window during the presentation or hold until the Q&A Session at the end. Pin the Speaker’s Video to View them full- screen.

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www.HarrisRecovery.org

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Agenda

I. Why Have a Relocation and Buyout Program? II. How Were the Buyout Areas Selected? III. A Walk Through the Process: Documentation, Appraisal/Offer, and Relocation IV. Understanding How Your Relocation Benefit Is Calculated V. A Little About Businesses and Renters

(Meetings Will Be Held to Provide More Information to These Groups)

VI. Summary of Steps and Timeline VII. Questions/Comments

Guidelines can be found at: www.HarrisRecovery.org

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www.HarrisRecovery.org

Over 40 years, each buyout area has flooded an average of more than 12 times

Repetitive Flooding

www.HarrisRecovery.org

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www.HarrisRecovery.org

Harvey Help Insufficient

Assistance to Buyout Area Owners Average Claim Amount Paid FEMA $4,277 Flood Insurance $3,130 Average Received for Home Repairs $7,407

How far does $7400 go in repairing your home after a flood?

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www.HarrisRecovery.org

  • Flood insurance becoming

your largest housing cost

  • FEMA and HUD: If you ever

received federal help, you must maintain flood insurance or never be eligible for future disaster assistance

Harvey’s Cost to You

Appx. $5,000

In repetitively flooded area

Today’s Average Annual Cost in Texas Special Flood Hazard Areas

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www.HarrisRecovery.org

Buyout area properties had to meet at least two

  • f these criteria:

How Were Buyout Areas Selected?

Over 2 ft Deep in

100-Year Floodplain

Areas that have a 1% chance of being flooded by at least 2 feet of water every year

In the

10-Year Floodplain

Areas that have a 10% or greater chance

  • f flooding every year

In the

Floodway

Areas where flood water is likely to be deepest, fastest and most dangerous

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www.HarrisRecovery.org

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www.HarrisRecovery.org

What Will Happen to My Property?

  • Property can be used to reduce risk and damage of future floods:
  • Natural floodplain
  • Detention pond
  • Parks and trails
  • Other flood control project

HUD specifically prohibits any future development

  • f property for uses other than flood control
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www.HarrisRecovery.org

Three Key Stages in Process

Helping you find and move to a better, safer

home that YOU choose

Determining the value of your home, getting state approval and making you an offer Working with your case manager to get your paperwork together

4-6 Weeks Up to 18 Months to Move into Your Relocation Home 3-4 Months

Call your case manager today to get started!

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www.HarrisRecovery.org

One Step at a Time

Not just yet!

We need to take this one step at a time to determine exactly how much you will

  • get. You can miss out on

some benefits if you act too fast.

Alright! I’m ready to start house hunting!

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www.HarrisRecovery.org

Call Your Case Manager

Phone/Video Call with Case Manager

You received a letter giving you a time and date to call your case manager. Call or reschedule. Review Your Specific Situation Your case manager will walk you through the process and stay with you the entire way.

Gather Documents and Forms Your legal status is not considered in the buyout phase but it is in the relocation phase.

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www.HarrisRecovery.org

Understanding Your Needs

Goal of first phone call:

  • Get to know you
  • Understand your needs
  • Direct you toward best solutions

We will work with you to complete all the forms LOTS OF FORMS!

(we are the government – sorry :-)

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www.HarrisRecovery.org

What Will County Pay for Your Home?

Appraisal Determines Your Property Value Amount Submitted to State for Approval, Then to You You Can Appeal if You Don’t Think the Offer Is a Fair Price

  • You can accompany your appraiser to talk about improvements to your home.
  • Spanish-speaking appraisers are available.
  • Your case manager will walk with you through it all.
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www.HarrisRecovery.org

What Makes Up the Offer?

  • Ms. Ruiz purchased

property AFTER Harvey Offer = Current fair market value

  • Mr. Jones purchased

property BEFORE Harvey Offer = Pre-flood fair market value

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www.HarrisRecovery.org

How Do I Get My Money?

  • At Closing, you must pay off

your mortgage and all liens.

  • What’s left from your offer

amount is the amount you walk away with.

  • You are paid in a lump sum.

Offer Amount Debt on Home In Your Pocket

$

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www.HarrisRecovery.org

What if I Don’t Want to Sell?

Bottom Line – Do I have to sell my home?

Yes, this program is

  • mandatory. But we don’t

just buy your home; we put you in a comparable safer one.

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www.HarrisRecovery.org

Relocation? How Does that Work?

Talk with your Relocation Specialist about what you need and want Based on your situation, we’ll determine what you’re eligible for We’ll help you (and work with your realtor) to find the home of YOUR CHOICE We’ll work with your lender for financing (if needed) We’ll help you move into your new home

You have up to 12 months from offer date to close on your relocation home, and 18 months to submit all your paper work for reimbursement.

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www.HarrisRecovery.org

What Does the County Pay For?

  • A comparable relocation home
  • Moving and related expenses
  • Rental assistance payments
  • Down payment assistance if eligible
  • Referrals to realtors, lenders, legal

assistance, community services We collect your income information because you may be eligible for increased benefits, based on your income.

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www.HarrisRecovery.org

“Comparable” Home? What’s That?

Like your current home in size and functionality

You have a 3 BR home

  • n a half-acre lot? We’ll

look for same in your replacement home.

Meets “decent, safe and sanitary” requirements

Structurally sound, weather tight, in good repair

Reasonably close to your job and schools

Near amenities you want

  • Home must be on the market and available
  • Home cannot be in flood zone
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www.HarrisRecovery.org

Do I Have to Buy the County’s “Comparable” Home?

You choose the home you buy!

The County finds homes similar to yours that are currently on the market ONLY to determine the amount of relocation benefit you will need to move into the replacement home that you choose.

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www.HarrisRecovery.org

How Do I Know If I Can Afford It?

Whatever debt you had on your old home is the same as what you will have on your new home if you purchase a home for the amount of your relocation benefit.

The Program Works to Maintain Your Current Situation

  • r Make It Better
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www.HarrisRecovery.org

Benefit Scenario – Homeowner / No Mortgage

CASE NOTES ON MRS. RODRIGUEZ (Example – Not Real Case)

  • In the home for 35 years, 3 BD / 1 Bath
  • 4 in household: Mrs. R, her daughter, son-in-law and minor

grandchild (son-in-law undocumented – moving costs for only 3)

  • Home inherited from late husband / No deed
  • No Mortgage / No liens (need to verify)
  • Buyout Offer: $50,000
  • Comparable Home Cost: $150,000
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www.HarrisRecovery.org

  • Mrs. Rodriguez’s Uniform Relocation Act (URA) assistance is $100,000,

and she will have $0 mortgage on her new $150,000 home. Plus, because there were no 3BR/2Bath homes on the market, she gets an extra bathroom!

Benefit Scenario – No Mortgage

Homeowner Mortgage Balance Appraisal/Offer $50,000 Cost of Replacement Home (Upgrades to 3BR/2Bath) $150,000 Housing Replacement Assistance $100,000

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www.HarrisRecovery.org

Benefit Scenario – Homeowner with Mortgage

CASE NOTES ON GARCIA FAMILY (Example – Not Real Case)

  • In the home for 10 years, 4 BD / 2 Bath
  • 5 in household: Mr. & Mrs. Garcia, 2 children, Mr. Garcia’s mother
  • $90,000 Mortgage / $0 Liens
  • Buyout Offer: $140,000
  • Comparable Home Cost: $195,000
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www.HarrisRecovery.org

Benefit Scenario – Mortgage on Home

Homeowner Mortgage Balance $90,000 Liens $0 Total Debt on Buyout Home (Debt Limit) $90,000 Appraisal/Offer $140,000 Less Debt on Buyout Home ($90,000) Homeowner Balance From Sale $50,000 Relocation Home Cost $195,000 Less Proceeds from Sale of Buyout Home ($50,000) Amount Needed for Relocation Home $145,000 Less Homeowner Debt Limit – (Acceptable New Home Debt

Amount)

($90,000) Gap = Amount of Housing Replacement Assistance $55,000

BUYOUT RELOCATION

The Garcia family’s URA assistance is $55,000. They will have the same $90,000 debt on their new $195,000 home. They will have $105,000 in equity immediately.

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www.HarrisRecovery.org

Businesses

A relocation specialist will work with you to move and re-establish your business at a replacement site.

Virtual Meeting August 27 To Help Businesses Understand How They Will Be Impacted

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www.HarrisRecovery.org

You may be eligible for relocation assistance and payments including:

  • Rental assistance payments
  • Down payment assistance if you

decide to buy instead of rent

  • Moving and related expenses
  • Advisory services

Renters

Virtual Meeting Coming Soon To Help Renters Understand How They Will Be Impacted

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www.HarrisRecovery.org

The Program’s Process

General Information Notice (GIN) Town Hall Meetings Appraisals Ordered and Offer Developed Closing

Offer Made to Owner

Yes No Adjudication Yes Property Returned to Green Space Disbursement of Funds File Submitted to GLO for Preliminary Approval Accept Offer Counter Offer No One-on-One Meetings with Owners to Gather Documents Eminent Domain Signed Contract Choose Your Relocation Home Relocation Benefit Amount Finalized Close on Your New Home Make Offer, Sign Contract on Home You Choose

Within 10 days

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www.HarrisRecovery.org

Complete Process Timeline

County meeting now with homeowners to gather documents – call 832-927-4961 for appointment

Offers will be made to all

  • wners

by December 15, 2020 You will have 30 days from receipt of the offer to accept or reject it If accepted, you will have a minimum of 90 days from acceptance date to move out of your home You will have up to 12 months from the buyout offer date to purchase your relocation home You will have up to 6 months from new home closing date to submit all documents to the County

THE BUYOUT PROCESS Selling The County Your Buyout Home THE RELOCATION PROCESS Buying A New Home

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www.HarrisRecovery.org

Questions and Comments

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This is Harris County’s Post-Disaster Relocation and Buyout

  • Program. Our staff is ready to assist you. To schedule an

appointment with a case manager, call or email us at:

832-927-4961 rebuildharris@csd.hctx.net

www.HarrisRecovery.org