State and Federal Responses to Housing Market .


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State and Federal Responses to Housing Market. Presentation to the Virginia Municipal League Shea Hollifield Deputy Director Virginia Department of Housing and Community Development October 19, 2009. Housing and Economic Recovery Act (HERA) Neighborhood Stabilization Program (NSP)
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State and Federal Responses to Housing Market Presentation to the Virginia Municipal League Shea Hollifield Deputy Director Virginia Department of Housing and Community Development October 19, 2009

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Housing and Economic Recovery Act (HERA) Neighborhood Stabilization Program (NSP) American Recovery and Reinvestment Act (ARRA) Homeless Intervention and Rapid Re-Housing Program (HPRP) Weatherization Assistance Program (WAP) Community Development Block Grant (CDBG-R) Neighborhood Stabilization Program (NSP2) DHCD Role in Implementing Housing Related Federal Stimulus Programs

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Neighborhood Stabilization Program Update HUD apportioned $3.92 billion as stipends to states and units of nearby government as indicated by a recipe in light of: home abandonments homes financed with a "subprime contract related credit" homes in default or wrongdoing The Housing and Economic Recovery Act of 2008

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Neighborhood Stabilization Program – VA Grantees Prince William County $ 4.1 million Fairfax Count $ 2.8 million Virginia state program (DHCD) $38.7 million The Housing and Economic Recovery Act of 2008

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NSP – Distribution of State Funding Open accommodation - $ 24.4 million Planning gifts - $ 250,000 Competitive round - $ 9.4 million Performance pool – $ 2.8 million or more program salary The Housing and Economic Recovery Act of 2008

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NSP – State Grant Awards - Open Submission Alexandria, City of $ 936,955 Central Virginia Housing Coalition, in organization with Caroline, $ 2,500,000 Spotsylvania, Counties of Fairfax County $ 1,000,000 Northern Shenandoah Valley Regional Commission, in organization with $ 2,500,000 Frederick, Shenandoah, Warren, Counties of Central Virginia Housing Coalition, in organization with Fredericksburg, $ 2,500,000 City of/Stafford, County of Habitat for Humanity of Virginia $ 1,500,000 Hampton, City of $ 2,000,000 Loudoun, County of $ 2,000,000 Newport News, City of $ 700,000 Norfolk, City of $ 1,794,375 PEOPLE Incorporated in organization with the City of Bristol $ 859,330 PEOPLE Incorporated in organization with the Russell County $ 1,162,670 Portsmouth, City of $ 2,000,000 Richmond, City of $ 2,000,000 Suffolk, City of $ 971,444 TOTAL $ 24,424,774 The Housing and Economic Recovery Act of 2008

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NSP – State Grant Awards - Competitive Round $ 9.4 Million in NSP Grants Catholics for Housing, Prince William County               $ 1,500,000 City of Chesapeake                                                    1,500,000 Chesterfield County                                                         500,000 Town of Culpeper                                                       1,200,000 Fauquier County                                                          1,500,000 City of Franklin                                                                  400,000 Lynchburg Neighborhood Development Foundation         1,000,000 Pathways (Petersburg)                                                        600,000 Virginia Beach Community Development Corporation        1,200,000 Total $ 9,400,000 HR3221: The Housing and Economic Recovery Act of 2008

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NSP2 (Competitive Funds) $2.0 billion in subsidizing accessible across the country Prior to proposition advancement, DHCD gathered an exchange of intrigued accomplices DHCD gathered the individual venture arranges, built up the proposition account, and submitted as the lead candidate DHCD presented an application for a consortium of 15 neighborhood accomplices for a sum of around $40 million NSP2 would take after comparable prerequisites as the current NSP that is managed by DHCD Announcements later this fall The American Recovery and Reinvestment Act of 2009

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The American Recovery and Reinvestment Act of 2009

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Homelessness Prevention and Rapid Re-Housing Program (HPRP) Part of American Recovery and Reinvestment Act DHCD and 13 qualifications in Virginia got reserves DHCD got roughly $11.4 million HPRP is centered around lodging for destitute and at-hazard families Not a home loan help program The American Recovery and Reinvestment Act of 2009

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Homelessness Prevention and Rapid Re-Housing Program (HPRP) DHCD gave stipends to 23 amasses through an aggressive application prepare Two-year awards Year 2 dependent upon Year 1 execution The American Recovery and Reinvestment Act of 2009

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Accomack-Northampton PDC – Accomack and Northampton Counties Action in Community Through Service – Manassas, Manassas Park and Woodbridge; Prince William County Appalachian Community Action & Development Agency – Norton; Lee, Scott, Wise and Tazewell Counties Arlington County – Arlington County Community Touch – Fauquier, Rappahannock, Orange, Madison and Culpeper Counties Council of Community Services – Covington and Salem; Alleghany, Botetourt, Craig and Roanoke Counties Hampton-Newport News Community Services Board – Newport News, Hampton, Williamsburg and Poquoson; York and James City Counties Helping Overcome Poverty\'s Existence, Inc – Galax, Marion and Wytheville; Bland, Carroll, Grayson, Smyth and Wythe Counties HOPE Community Services Inc – Amelia, Buckingham, Cumberland, Lunenburg, Nottoway and Price Edward Counties Improvement Association – Emporia; Sussex, Surry and Greenville Counties Isle of Wight County Dept. of Social Services – Franklin; Isle of Wight and Southampton Counties HPRP State Grantees

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Loudoun County Dept. of Family Services – Loudoun County Lynchburg Community Action Group – Lynchburg and Bedford; Amherst, Appomattox, Bedford and Campbell Counties Mercy House – Harrisonburg and Charlottesville; Albemarle, Greene and Rockingham Counties New River Community Action Inc. – Radford; Floyd, Giles, Montgomery and Pulaski Counties Northern Shenandoah Valley Regional Commission – Winchester; Clarke, Frederick, Page, Shenandoah and Warren Counties People, Inc. – Bristol; Buchanan, Dickenson, Russell and Washington Counties Reston Interfaith – Falls Church, Fairfax and Alexandria; Fairfax County Suffolk Department of Social Services – Suffolk Support to Eliminate Poverty Inc (STEP) – Martinsville and Danville; Franklin, Patrick, Henry and Pittsylvania Counties Thurman Brisben Center – Fredericksburg; Caroline, King George, Spotsylvania and Stafford Counties Total Action Against Poverty (TAP) – Buena Vista, Lexington, Staunton and Waynesboro; Rockbridge, Bath, Highland and August Counties Virginia Supportive Housing – Petersburg, Hopewell and Colonial Heights; Dinwiddie, ruler George, Charles City, New Kent, Hanover, Goochland and Powhatan Counties HPRP Grantees cont .

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The American Recovery and Reinvestment Act of 2009 Homelessness Prevention and Rapid Re-Housing Program (HPRP) – Funding Limits

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Virginia Weatherization Assistance Program U.S. Division of Energy (DOE) started the Weatherization Assistance Program in 1976 DOE program concentrates on lessening reliance on outside oil and diminishing vitality costs for low-salary families while enhancing wellbeing and security all things considered, weatherization decreases home vitality utilization by 32 percent Annual cost reserve funds of roughly $350 for a low-wage family after weatherization $94.1 million new financing for Virginia incorporated into ARRA boost charge The American Recovery and Reinvestment Act of 2009

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Weatherization help is given provincially by 22 philanthropic associations Funds are distributed to suppliers in light of the government weatherization recipe: low-pay populace, number of warming and cooling days, and private vitality uses by low-pay family units Federal rules constrain upgrades to a normal cost for each unit Historically, 1,500 to 2,200 homes are weatherized every year in Virginia Current Weatherization Delivery System

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Weatherization Providers

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Eligibility is resolved through an admission procedure Clients must be pay qualified Priority is given to elderly, handicapped, family units with youngsters, family units with high vitality costs Energy investment funds must be doable inside suitable costs Weatherization Eligibility

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DOE rules express inclination for utilizing existing system of administration suppliers Contracts for half of subsidizing executed with 22 suppliers Training activities under arrangement with New River Center for Energy Research and Training (NCERT) and Virginia Community College System Working through consistence issues in respect to Davis Bacon and noteworthy conservation Current Status of Weatherization Stimulus Funding

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Created by Governor Kaine in November 2007 Collect and break down information for Virginia Identify and increment access to assets to minimize dispossession Recommend and bolster effort, instruction and directing that concentrate on abandonment anticipation Review and make proposals on authoritative and administrative changes at state level Virginia Foreclosure Prevention Task Force

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Actively working for as long as two years Developed and propelled outreach compaign – TV, link, radio and print in English and Spanish Comprehensive dispossession data site with apparatuses and assets www.virginiaforeclosureprevention.com Training for dispossession counteractive action advisors – 341 new guides statewide Virginia Foreclosure Prevention Task Force

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