Task Force Meeting July 13, 2018 Agenda Program Updates - - PowerPoint PPT Presentation

Task Force Meeting July 13, 2018

Agenda

Program Updates

• Homeowner Program
• Rental Programs
• FEMA PA Match Program
• Economic Development Programs

July 13, 2018

Restoring Louisiana

July 13, 2018

Progress Throughout the Pipeline

July 13, 2018

• 5,000

10,000 15,000 20,000 25,000 30,000 35,000 Applications Submitted Scopes of work Completed Final Determination

90% of Applicants Have Reached a Final Determination

July 20th Survey Deadline

July 13, 2018

• Robust outreach

campaign

• Targeted those

homeowners most likely to be eligible for assistance with mail, calls, texts, and email

• Average submission of

300 surveys per week

Outreach Activities to Date

July 13, 2018

• Gov. Edwards Continues to Work on SBA

Duplication of Benefits Fix

July 13, 2018

• Sent letter on April 3, 2018 requesting HUD provide a final interpretation
• f the language related to the federal Duplication of Benefits (DOB)

penalty included in the Bipartisan Budget Act of 2018

• Awaiting release of the new guidance from HUD
• Our take: Congress clearly intended to modify the current approach of

federal agencies, including HUD, of counting all approved SBA loan amounts as a duplication of benefits against homeowners impacted by disasters

• Ongoing actions: The Congressional delegation has been working to

include language to fix the SBA Duplication problem in an appropriation bill, so we’re watching the legislative process very carefully

Rental Programs

Neighborhood Landlord Program

• 73 contingent commitment letters mailed totaling $34.7M for 320 units.
• Two units have been completed and are occupied, and ten units are currently

under construction. All other projects expected to break ground Mid-August.

July 13, 2018

Multifamily Restoration Loan Fund

• Two Rehabilitation loans have closed ($2.3M) Three loans are pending a closing date

($3.3M), and all other projects are awaiting HUD release of funds.

• All loans to be closed by end of August.
• All rehabilitation to be completed by end of March 2019.

Rental Programs

July 13, 2018

Project Name CDBG Determined Parish Total Units Target Population Total Development Cost Adjusted TDC per unit Valencia Park of Spanish Town $5,723,931 East Baton Rouge 122 Veterans $21,006,594 $170,220 Cypress at Gardere Affordable Senior Housing $3,845,000 East Baton Rouge 99 Elderly $18,565,353 $153,701 Sherwood Oaks $5,989,634 East Baton Rouge 248 Special Needs $27,689,328 $110,441 Progress Park $2,638,736 East Baton Rouge 48 Elderly $5,537,226 $101,147 Cypress Pointe RAD $4,579,878 Washington 112 Family $14,868,818 $131,195 Hollywood Acres $3,366,146 East Baton Rouge 45 Elderly $7,452,283 $165,606 Hammond Eastside $3,090,829 Tangipahoa 28 Veterans $4,904,059 $127,046 Ardenwood Mixed‐Income MF Apartments $4,570,309 East Baton Rouge 168 Family $26,420,079 $132,441 Totals $33,804,463 870 $126,443,740

Piggyback Program

Rapid Rehousing

• 182 households are in the housing search process.
• 631 households have leased housing.
• 102 households have completed the program.

July 13, 2018

Permanent Supportive Housing

• 139 households are receiving services.

Rental Programs

• Program Participation Forms include 1,753 opted-in projects.
• According to the Participation Forms, of the 1,753 opted-in projects, 259 are

still unobligated or not yet approved by FEMA, totaling $36,736,063.

• The FEMA projection as of June 6, 2018 is still under the current allocation of

$105,000,000 at $100,752,191.

• Until those projects are approved and funds obligated we cannot know the final

numbers.

• Program is awaiting HUD Guidance on small project (under $121,800) support

documentation requirements.

July 13, 2018

FEMA PA Match Program

Non-Federal Cost Share

FEMA PA Match Non-Federal Cost Share Program

July 13, 2018

FEMA Approval and OCD-DRU Disbursement Status

Total Projected FEMA Approved OCD‐DRU Processed CDBG‐DR Disbursed Awaiting Request for Reimbursement from Grantee Number of PW's: 2194 1898 26 25 1 Amount: $101,300,000.00 $84,356,843.00 $15,905,779.44 $15,877,749.71 $28,029.73 CDBG Eligible Activity Amount of CDBG‐DR Projects # of CDBG‐DR Projects CDBG‐DR Projects Approved CDBG‐DR Amount Approved Debris Removal (FEMA Cat A) $10,663,949.54 104 $0.00 Public Services (FEMA Cat B) $44,838,949.86 641 26 $15,905,779.44 Public Facilities (FEMA Cat C‐G) $28,853,943.60 1153 $0.00 Grand Total $84,356,843.00 1898 26 $15,905,779.44

Projects by CDBG-DR Activity Type Participation Form Outreach Results

Applicants PWs Total OCD‐DRU Match Amount FEMA Approved 1530 $78,841,627.27 Responses Received 324 1753 $118,789,849.72

Economic Development

Small Business Loan Program

• 218 loans approved
• $26.1M disbursed
• Estimated $11.1M in loans in the pipeline
• August 31st deadline for lenders to complete all underwriting. After August 31st,

the lenders will close on loans and disburse funds to businesses.

Louisiana Farm Recovery Grant Program

• 957 Awards Closed
• $9,450,023 disbursed to date
• All remaining awards will be disbursed by July 31st

First Responders Public Service Program

• The Action Plan Amendment (APA) is under review with HUD.

July 13, 2018

Resolution: Reimbursement Program Expansion

July 13, 2018

• Proposing increase from 50% to 100% reimbursement for all eligible

homeowners

• Will provide much-needed additional assistance to thousands of

homeowners who are still recovering

• This program change would result in an additional $110 million of

reimbursement grant funds being available to more than 10,000 eligible homeowners

• With the survey deadline nearing, the program has a more

comprehensive understanding of the needs of flood-affected homeowners across the state

50% 100%

July 13, 2018 Description Current / Obligated 12,800 Estimated Add’l. 3,074 Total 15,874

Grant Awards $344.3M $82.9M $427.2M Environmental and PD $86.1M $20.7 $106.8M TOTAL $430.4M $103.6M $534M

Description Population with Award Increase Award Increase Budget Increase (Award + PD) Total with Increases

Increase Reimbursement to 100 % 10,230 $110M $115M $649M Increase Reimbursement to 100 % & SBA Removed as DOB 12,586 $471M $552.5M $1.20 Billion

Total Program Budget: $1.331 B