The URL can be used to link to this page

Home My WebLink AboutCOUNCIL - AGENDA ITEM - 01/18/2000 - RESOLUTION 2000-13 ESTABLISHING A COMPETITIVE PROC AGENDA ITEM SUMMARY ITEM NUMBER: 15 DATE: January 18, 2000 FORT COLLINS CITY COUNCIL STAFF: Ken Waido SUBJECT: Resolution 2000-13 Establishing a Competitive Process for the Allocation of City Financial Resources to Affordable Housing Programs/Projects and Other Community Development Activities. RECOMMENDATION: Staff recommends adoption of the Resolution. The Affordable Housing Board and the Community Development Block Grant(CDBG) Commission both voted unanimously to recommend approval of the various components of the new Competitive Process. EXECUTIVE SUMMARY: This Resolution establishes a new Competitive Process for the allocation of City financial resources to affordable housing programs/projects and other community development activities. The proposed Competitive Process includes two Funding Cycles(one to be conducted in the spring and one in the fall),a Schedule,new Review Criteria, and updated Application Forms. The funding cycles would split available City financial resources with CDBG Program funds (about $1.2 million) being allocated in the spring to affordable housing programs/projects and other community development activities (public services, public facilities, etc.). HOME Program and Affordable Housing funds (about$950,000)would be allocated in the fall primarily to affordable housing programs/projects. BACKGROUND: In February of 1999, the City Council approved the Priority Affordable Housing Needs and Strategies report, which contained the following strategy: "Change from an administrative funding mechanism...to a competitive application process for the Affordable Housing Fund." Between September and November of 1999, a subcommittee consisting of members from the Affordable Housing Board and the Community Development Block Grant (CDBG) Commission met with staff to review issues and develop options for establishment of a competitive process. In addition, the staff solicited ideas from existing affordable housing providers. The subcommittee established the following Mission Statement for their work: "Develop a competitive application process and establish a set of shared criteria for the allocation of the City's financial assistance resources to affordable housing projects/programs that address the City's priority affordable housing needs." DATE: January 18,2000 2 ITEM NUMBER: 15 Competitive Process Five options for a competitive process were discussed by the subcommittee. A summary of these options is attached to this agenda item summary. The subcommittee reached a general consensus to support Option 2B, a competitive process that involves both the Affordable Housing Board and the CDBG Commission. This option would continue to have the Affordable Housing Board providing recommendations to the City Council in regards to affordable housing policy. In addition, this option would have the Affordable Housing Board reviewing all affordable housing applications for CDBG,HOME and Affordable Housing funds. The Board would then provide a priority listing of proposals to the CDBG Commission. The CDBG Commission would then make the final recommendations to the City Council for funding. Option 2B will be adopted with Council approval of Resolution 2000-13. Funding Cycles The subcommittee also agreed that there should be two funding cycles per year, one in the spring and the other in the fall. CDBG Program funds(about$1.2 million)would be allocated in the spring to affordable housing programs/projects and other community development activities (public services,public facilities, etc.). HOME Program and Affordable Housing funds (about$950,000) would be allocated in the fall primarily to affordable housing programs/projects. The staff and subcommittee agreed that overlaying this new process and cycles would be heightened staff technical assistance to applicants. Both the subcommittee and staff recognize that a bi-annual process will require additional meetings by both the CDBG Commission and Affordable Housing Board, and will require more time from current City staff, and increase the City Council's involvement. Since the Competitive Process expands the former CDBG/HOME funding allocation process into two cycles and increases staff technical assistance,it is obvious that additional staff time will need to be allocated to administrative and processing purposes. However,the exact impacts of the cycles and technical assistance on staff resources are not precisely known at this time. There appears to be sufficient funding in the Advance Planning Department's year 2000 budget,and the CDBG and HOME Programs' administrative budgets to cover costs for the year 2000. However, additional funding may be required for the year 2001 and beyond as experience is gained on the time requirements of the cycles and technical assistance. Schedule The subcommittee also discussed two alternative schedules for the funding cycles (see attached alternatives). Alternative I's spring cycle would start in January and end in June (essentially the same cycle as the current CDBG proposal review cycle), while the fall cycle would start in July and end in December.The Affordable Housing Board,CDBG Commission,and City Council,in the first cycle, will receive copies of all housing proposals the first week in April. The Affordable Housing Board will meet the first week in May to prepare a listing of comments,concerns,and questions regarding the proposals and will formulate a ranking of priorities of the proposals that will be submitted to the CDBG Commission. The CDBG Commission would then basically follow its current process that includes presentations by the applicants and a question/answer session, a meeting to formulate DATE: January 18, 2000 3 ITEM NUMBER: 15 recommendations, and a study session with the City Council. The Council would make the final • decision regarding funding in June. I Alternative 1's second cycle essentially duplicates the first starting in July and ending in December. Alternative 2's spring cycle would start in January but would end in May,while its fall cycle would start in July and end in November. The difference between the alternatives is in the amount of time applicants would have to prepare their proposals. In Alternative 1, applicants in the first cycle would have between the second week in January and the last week in March(10 weeks),while in Alternative 2 applicants in the first cycle would have between the second week of January and the fourth week in February (6 weeks). d that Alternative 2 be adopted and the Affordable Housing Board subcommittee recommended g The s P and CDBG Commission agreed with that recommendation. Alternative 2 will be adopted with Council approval of Resolution 2000-13 Review Criteria The subcommittee also reviewed and agreed to a new set of review criteria to be used to rank proposals (see attached criteria). The criteria are divided into the following five major categories: 1. Impact/Benefit • 2. Need/Priority i 3. Feasibility 4. Leveraging Resources 5. Capacity and History The Impact/Benefit criteria provide greater rewards to proposals that target lower income groups and provide longer benefits. The Need/Priority criteria help assure the proposal meets adopted City goals and priorities. The Feasibility criteria reward projects for timeliness and documented additional funding. The Leveraging Resources criteria reward proposals which will return funds to the City(loans)and for their ability to leverage other resources. i ' ) And, the Capacity and History criteria help gage an applicant's ability to do the project and reward ' applicants that have completed successful projects in the past(have good track records. Application Forms Two new application forms have also been developed. One form would be used for Housing proposals while to other form would be used for Non-Housing Proposals (public services, public . facilities, etc.). Copies of these application forms are attached. DATE: January 18, 2000 4 ITEM NUMBER: 15 Affordable Housing Board Recommendation The Affordable Housing Board, at it regular monthly meeting on December 2, 1999, voted unanimously to recommend approval of the new Competitive Process, including the various component parts: two funding cycles (Option 2B), alternative schedule 2, the review criteria and the two application forms. Community Development Block Grant Commission Recommendation The Community Development Block Grant Commission at its regular monthly meeting on December 9, 1999,voted unanimously to recommend approval of the new Competitive Process,and the various component parts. COMPETITIVE PROCESS SCHEDULE FOR DISTRIBUTING CITY FINANCIAL ASSISTANCE New Ste ALTERNATIVE 1 ___ ___SPRING AH CDBG MONTH BOARD COMMISSION CITY COUNCIL STAFF JANUARY 2nd Thu. Public Hearing Applications Ready FEBRUARY 1st Week T A Work Sho MARCH 4th Thu. ____________________________Proposals APRIL 1st Week Pro als Distributed Proposals Distributed Proposals Distributed Draft Consolidated Plan MAY 1st Thurs. Formulate Priorities 2nd Wed/Thu Presentations/O&A 3rd Wed. Recommendations Prepare SS AIS 4th Tue. CC Study Session Study Session Prep Resolution AIS JUNE 1st Tue. Resolution 2nd Week Hearing on C P . 3rd Week Prepare C P AIS ___==FALL PROCESS ===== = = === = === = ===_ == JULY 1st Tue. Resolution on C P 2nd Thu. Public Hearin A llcations Read AUGUST 1 st Week TA Work Sho SEPTEMBER 2nd Thu. Public Hearing 4th Thu. Proposals Du -�"�_=-_ OCTOBER 1 =========_=========START OF CDBG/HOME PROGRAM FY================= 1 st Week P als isbib P Is Distrfbuted Pr000sals Distributed NOVEMBER 1 st Thu. Formulate Priorities 2nd Wed/Thu Presenfadonsv=A 3rd Wed. Spcommgridations Prepare SS AIS 42h Tue. gglIggly Session Stu Session er_en Resolution AIS DECEMBER 1st Tue. Resolution 2nd Week Har#12g on C P 31 st Annual Report Due I I COMPETITIVE PROCESS SCHEDULE FOR DISTRIBUTING CITY FINANCIAL ASSISTANCE New Stea ALTERNATIVE 2 ___SPRING PROCESS == == == = = = = = = = = = = = == == AH CDBG MONTH BOARD COMMISSION CITY COUNCIL STAFF JANUARY 2nd Thu. Public Hearing Applications Ready 3rd Week TA Work Shoo FEBRUARY 4th Thu. =============================Proposals MARCH 1 st Week Pro osals Distributed Proposals Distributed Proposals Distributed Draft Consolidated Plan APRIL 1 st Thurs. Formulate Priorities 2nd Wed/Thu Presentations/Q&A 3rd Wed. Recommendations Prepare SS AIS 4th Tue. CC Study Session Study Session Prep Resolution AIS MAY 1 st Tue. Resolution 2nd Week Hearing on C P 3rd Week Prepare C P AIS JUNE 1 st Tue. Resolution on C P _ = == FALL PROCESS ====== =_ _ == = == = = = = === JULY 2nd Thu. A lications Rea 3rd Week TA WorkSho AUGUST 4th Thu. _=_- Proposals Due— - -=_ -=— SEPTEMBER 1st Week Pro orals Distributed Pro is Distributed Pro Is Distributed OCTOBER 1 ------=========-_=START OF CDBG/HOME PROGRAM FY=================== -------------- -- -- 1st Thu. Formulate Priorities 2nd Wed/Thu Presentations/ 8A 3rd Wed. Recommendations Pre re SS AIS 41h Tue. CC study Session Stu Session P Resolution AIS NOVEMBER 1st Tue. Resolution 2nd Week Hewing on C P DECEMBER 31st I I Annual Report Due • RESOLUTION 2000-13 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING A COMPETITIVE PROCESS FOR THE ALLOCATION OF CITY FINANCIAL RESOURCES TO AFFORDABLE HOUSING PROGRAMS/PROJECTS AND OTHER COMMUNITY DEVELOPMENT ACTIVITIES WHEREAS,in February, 1999,the City Council approved the"Priority Affordable Housing Needs and Strategies Report", which report contained the following strategy: Change from an administrative funding mechanism...to a competitive application process for the Affordable Housing Fund; and WHEREAS, between September and November, 1999, a subcommittee consisting of members of the Affordable Housing Board and the Community Development Block Grant(CDBG) Commission met with staff to review issues and develop options for the establishment of a competitive application process; and WHEREAS,the staff has also solicited ideas from existing affordable housing providers;and WHEREAS,the subcommittee established as its mission the development of a competitive application process and a set of shared criteria for the allocation of the City's financial assistance resources to affordable housing projects/programs that address the City's priority affordable housing needs; and WHEREAS, as a result of the efforts of the aforesaid subcommittee,a competitive process, funding cycles, funding cycle schedules, review criteria and new application forms have been developed(hereafter collectively referred to as the"Process"); and WHEREAS, both the Affordable Housing Board and the CDBG Commission have unanimously recommended to the Council that the Process be adopted; and WHEREAS, the Council has determined that the Process should be adopted. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the new competitive process for the allocation of City financial resources to affordable housing programs/projects and other community development activities, including, without limitation,the competitive process,funding cycles,funding cycle schedules,funding review criteria and application forms, all attached hereto as Exhibit "A" and incorporated herein by this reference, be and hereby is adopted. Passed and adopted at a regular meeting of the City Council held this 18th day of January, A.D. 2000. Mayor ATTEST: City Clerk . Exhibit"A" Competitive Process Presented below is a description of the Competitive Process for making allocations of funding from the Federal CDBG and HOME Programs and the City's Affordable Housing Fund. The description discusses the roles of the Affordable Housing Board and CDBG Commission. The Competitive Process also includes the following: 1. There will be a single Proposal Application form required from applicants for all sources of funding. 2. There will be a single set of Review Criteria to base decisions upon. The Review Criteria incorporate current City policies and guidelines derived from the "Priority Affordable Housing Needs and Strategies" report (2/99), including the guidelines that 65% of CDBG funds and 90% of HOME funds should be allocated to affordable housing projects/programs. Role of the Affordable Housing Board The Affordable Housing Board reviews all affordable housing applications and provides a priority listing of proposals to the CDBG Commission. • Role of the CDBG Commission CDBG Commission makes the final recommendations for funding for all funds, including CDBG, HOME, and the Affordable Housing Fund. HOME funds(by Federal regulations) and Affordable Housing Fund dollars are restricted to affordable housing projects/programs. The majority (65%) of CDBG funds are earmarked for affordable housing purposes, but also offer wider potentials for usage including public facilities, public services, economic development, etc. FundingCycles ycles There will be two funding cycles. CDBG funds will be allocated in the spring. HOME and Affordable Housing funds will be allocated in the fall. • COMPETITIVE PROCESS SCHEDULE FOR DISTRIBUTING CITY FINANCIAL ASSISTANCE New Steps ___SPRING AH CDBG MONTH BOARD COMMISSION CITY COUNCIL STAFF JANUARY 2nd Thu. Public Hearing Applications Ready 3rd Week T A Work Sho FEBRUARY 4th Thu. ===========================Pro osals MARCH 1st Week Pro osa/s Distributed Proposals Distributed Proposals Distributed Draft Consolidated Plan APRIL 1 st Thurs. Formulate Priorities 2nd WedlThu Presentations/Q&A 3rd Wed. Recommendations Prepare SS AIS 4th Tue. CC Study Session Study Session Prep Resolution AIS MAY 1 st Tue. Resolution 2nd Week Hearing on C P 3rd Week Prepare C P AIS JUNE 1st Tue. Resolution on C P __ ___ FALL PROCESS ===================== JULY 2nd Thu. A Ilcatlons Read 3rd Week T A Work Sho AUGUST 4th Thu. =—=-- Proposals SEPTEMBER 1st Week Pro orals Distributed Proposals QLsgjbuted Proposals Distributed OCTOBER 1 =-------==========START OF CDBG/HOME PROGRAM FY=================== 1st Thu. Formulate PrioriBes 2nd Wed/Thu Prese►rtations/ &A 3rd Wed. Reco mendations Pre re SS AIS 4th Tue. CC Study Session Stu&Session Preg Resolution AIS NOVEMBER 1st Tue. Resolution 2nd Week Heaffna on C P DECEMBER 31st Annual Report Due Ranking Criteria for CDBG, HOME and Affordable Housing Funding ranking criterion is divided into five major categories. Each category is given a total number of points that been weighed according to their importance with respect to local and federal priorities. This ranking sheet will be used to assist the Community Development Block Grant Commission (CDBGC) and the Affordable Housing Board (AHB) in the FY01 Competitive Funding Process. CDBG and AHB members will rank projects according to the questions and criteria shown below. Impact/Benefit(maximum 30 points) 1. Primarily targets low income persons? (0-10) (0-30% of AMI= 10 pts, 31-50%= 8 pts, 51-80%=4 pis) 2. Project produces adequate community benefit related to cost? (0-5) 3. Does the project provide direct assistance for persons to gain self-sufficiency or independence? (0-5) 4. Does the project provide long-term benefit or affordability? (0-10) (1-10 yrs = 3 pts, 11-19 yrs =6 pts, 20 to 30 yrs = 8 pts, and Permanent= 10 pts) Sub-total Need/Priority(maximum 15 points) 1. Meets a Consolidated Plan priority? (0-5) 2. Project meets goals or objectives of City Plan and Priority Needs and Strategies study (0-5) 3. Has the applicant documented a need for this project? (0-5) Sub-total Feasibility (maximum 15 points) 1. The project will be completed within the required time period? (0-3) Project budget is justified? (Costs are documented and reasonable)? (0-4) The level of public subsidy is needed?(Private funds not available)? (0-4) 4. Has the applicant documented efforts to secure other funding? (0-4) Sub-total Leveraging Resources (maximum 25 points) 1. Does the project allow the reuse of our funding? (0-8) A. Principal and interest(30 year Amortization or less) 8 points B. Principal and no interest or Principal and balloon payment 4 points C. Declining balance lien (amount forgiven over time) 1 points D. Grant(no repayment) 0 points 2. Project or agency leverages human resources (Volunteers) (0-7) 3. Project leverages financial resources?(Including in-kind) (0-10) A. Less than 1:1 0 points B. 1:1 to 1:3 4 points C. 1:4 to 1:6 7 points D. More than 1:7 10 points Sub-total Capacitv and History (maximum 15 points) 1. Applicant has the capacity to undertake the proposed project? (0-10) 2. If previously funded, has the applicant completed prior project and maintain regulatory (0-5) compliance? If new, applicant has capacity to maintain regulatory compliance? (0-15) Sub-total GRAND TOTAL ImpactBenefit — Comments Need/Priority Comments Feasibilitv Comments Levernine Resources Comments Capacitv and History Comments -� , � (3 HAD1§ RBAS!ARBFORSTAFF�IT NLY "�`, .. an & dkq � r",� rt4 y h�5�'k�f,� �' 6T'.± h� 61'� r5'IY*�. ky, .x'2 "•Aj CO LLu �� r Dafe Received ' T1 n 4x 1. Project Name: Type of project ❑ Rental ❑Homeownership ❑ Rental Assistance ❑Group Home or Shelter ❑ Other(specify) Type of project activity ❑New Construction ❑Tenant Based Rental Assistance ❑Other(specify) ❑Program Administration ❑Home Buyer Program ❑Infrastructure Improvement ❑Rehabilitation ❑Acquisition "{ r ^ s r 4 r ' a,a aa r k� £.,tgs, :°""$� .� �r ��.•m•,, " �` "ia. .". 2.Lead Applicant Name 3.Secondary Applicant(if applicable) Contact Person Contact Person Address Address Tide Title Phone Number Phone Number Fax Fax Email Address Email Address 4.Type of applicant ❑ Community Housing Development Organization(CHDO) ❑ Private Non-Profit Organization ❑ Private For-Profit Organization ❑ Public Organization 5.Federal Tax Identification Number xr{^`°'< 3 6.Amount of Funds Requested HOME $ Grant $ Loan CDBG $ Grant $ Loan Affordable Housing Funds $ Grant $ Loan Sub Total $ Grant $ Loan TOTAL RE VEST $ Grant $ Loan If a loan is requested,please indicate the loan term as shown below(cash flow from operations is not an option). Terms Years Principal and interest(amortized years) Principal and no interest(amortized loan) Principal and a balloon payment Declining balance loan(forgiven over time) Other:Explain 7.Provide a brief description of the proposed project(please limit response to the space provided). S.Describe in detail the project location,address(es),provide maps and or drawings,total number of units and number of units assisted with public funds. Include transit routes,bike routes,and nearest shopping and employers on your map.(Please limit to two pages for maps and drawings.) 2 9.Tell us why this project is needed(include information from market studies or other supporting documentation) and how it will fill a gap in the City's housing market. Describe how the proposed project addresses priorities in the Consolidated Plan,City Plan and Priority Affordable Housing Needs and Strategies Study. 10.Briefly describe the project goals for providing or assisting in the preservation or expansion of affordable housing in Fort Collins. s 11.Describe any effort made to build community support for the project and the results of those efforts. • 3 12.Please list CDBG and/or the HOME funds received in the last three years and the status of that funding. YEAR PROJECT NAME I BUDGETED AMOUNT I AMOUNT EXPENDED TO DATE 1997 $ $ 1998 $ $ 1999 $ $ 13.To help promote the efficient use of federal,state,and local funding please describe how the project will maintain long term(more than 20 years)or permanent affordability;and explain how the project will provide affordable housing at rental rates lower than those in the existing market. 14.Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested (include other project factors such as rezoning,construction schedule,or application(s)for funding). Please note: If funded,this schedule will be used for any project agreement for use of CDBG and HOME funding. Date: Description of Activity: 4 15.Please provide evidence of your organization's capacity and experience to undertake and complete the proposed project within the established timetable and budget(include evidence of financial commitment(s). (Please limit to five pages.) 16.How does your organization obtain input from low-income persons potentially benefiting or affected by your proposed project. If applicant is a non-profit,please include evidence(such as minutes of a meeting)that the proposed project has the support of the organization's Board of Directors. Please attach a one page list of your current board members and indicate the experience and background they bring to your board. 17.An objective of the City of Fort Collins Comprehensive Plan is to promote diverse housing development(variety of housing types and a mix of all income levels)please describe the target population this project is to serve and how the project will promote diversity. Please indicate the number of persons or households that will benefit from the project by income category. Circle or Indicate Persons or Households Number between 0-31% median income t Persons or Households Number between 31.50% median income Persons or Households Number between 51-80% median income Persons or Households • Number between 81-100%a median income Persons or Households TOTAL I I Persons or Households 5 18.Please complete the table below showing the types and accounts of funding being requested for the proposed project. Funding Source and T e of Ands l _°> Amount of Ott @q 'Requested City CDBG(Public) City HOME(Public) State HOME Funds(Public) State Revolving Loan(Public) Colorado Housing Finance Agency(Public) City Sales Tax Rebate(Public) Private Activity Bonds(Public) Federal Home Loan Bank(Private) Private Lender Financing(Private) Low Income Housing Tax Credits(Private) Private Foundation(Private) Applicant Construction or Equity(Private) Volunteer Labor/or In Kind Donation(Private) Other Private Resources Other Public Resources Total of Private Funds a $ Total of Public Funds b $ Total of Project Funding(sum of a+b) c $ (should equal the total on Page 10) Number of Units d Requested Public Subsidy per unit(b A) e $ Total Cost per unit(c A) f $ Number of units assisted with public funds 18b.If partial funds are awarded,will the project/program continue?Yes ❑ No ❑ If yes,at what level? 6 19. PROJECT OPERATING BUDGET Form to be used only for new construction or redevelopment rental Proposals(including assisted living) INCOME EXPENSES #of Units S .Ft Monthly Rent Total Rent AdministrativeExpensei .: 0 Bdrm Management Fee 0 Bdrm On-site Personnel Payroll 1 Bdrm Health Ins.&Benefits I B� Legal and Accounting I Bdrm Advertising 2 Bdrm Office Supplies 2 Bdrm Telephone 2 Bdrm Audit 3 Bdrm Other 3Bdrm Total AdmioistrafiveE ease :", 3 Bdrm Operating;E�cpenscss T ' 4 Bdrm Utilities(Owner paid) 4 Bdrin Trash Removal 4 Bdrm Fire&Liability Insurance Total Rent Income Other Parking Income Total1lperatmg Expenses ' MW Laundry Income Mamtenance r = t , Cher Income: Maintenance Other Income: Repairs Other Income: Grounds keeping(include snow removal) Other Income Reserve Funds s Totallneomeu Other , . X, Vacancy Rat e: % Less Vacancy Q Total Mamtenance ;l c ... s=, .... ' •.. Amnal.Effect{ye Gross'Iacomeg Real Estate Taxes A ANNUAL DEBT SERVICE Operating Reserve 1st Mortgage Replacement Reserve 2nd Mortgage TOT�sANNUAL XPEWSE94 } E a Ir r a%s ."9Er7'. .".. . ...n .... �C- . . Other Debt Service(specify)ec sPi NET OPERAfiWG NCOME s OM"' Total Aua1 Debt Sernce P U P�1 Exgeases* ? *P.U.P.A.=Per Unit Per Annum Expenses 7 20. SOURCES AND USES OF FUNDS Other Fundin Project Activities Total Project Cost City Funds Request Amount Source A Ac wstdon Costs n. . ., �,...,. .s 1.Land 2.Existing Structures 3.Appraisals 4.Soils Tests 5.Surveys 6.Other 7.Other B?CoIIstriieiion'COSts{; 1.Building Permit Fees 2.Tap Fees 3.Off-Site Infrastructure 4.Construction 5.Landscaping 6.Contingency 7.Other 8.Other C:De81 ,,Fees W-: 1.Architect Fee 2.Engineering Fee 3.Other 4.Other 1.Construction Insurance 2.Const.Loan Origin Fee 3.Construction Interest 4.Consultants 5.Taxes during Construction 6.Other 7.Other 7777, 'E:Yerin:N anci Yees/De sits`i 1.Loan Fees&Expenses 2.Attorney Fees 3.LIIM Fees 4.Developers Fee 5.Operating Reserve 6.Other 7.Other F.ViiianigeloeetioII 1.Temporary Relocation 2.Permanent Relocation 'G.TrojectManagement 1.Marketing 2.Project Management 3.Consultants 4.Other 5.Other SUBTOTAL(AG 8 SOURCES OF FUNDING (CONY.) Other Funding Project Activities Total Project Cost City Funds Request Amount Source i. _ i;ti s a.. s.' r ,a 3 .. .Hamebu yerAsststanceNi - 1.Down a meat Assistance 2. Closing Costs 3.Interest Rate Buy down 4. Case Management 5.Other 6.Other enanCBBsefltRCnta1'.Assistance , . 1.Rent Payments 2.Case Management 3.Other 0ieneral.Admhnstration -- i...... : J: ' 1.Salaries/Benefits 2.Operating/Supplies 3.Travel 4.Audit SUB TOTAL H•J � .. '�,iGRAND TOTAL A-J � • • 9 21. SUMMARY OF FUNDING SOURCES (INCLUDE PERMANENT FINANCING) AMOUNT SOURCE (LOAN,GRANT,EQUITY) TERMS INTEREST RATE STATUS II Total• 10 HOUSING APPLICATION GUIDELINES • ♦ All material must be typed. ♦ Only attachments requested in the application may be submitted. Attachments: ❑ List of Board Members (one page) ❑ Location Maps (maximum two pages) ❑ Financial Commitments (maximum five pages) ♦ Letters of financial commitments must be included. ♦ Rental Housing projects must complete and submit the attached proforma forms. • ♦ Application packet may not be longer than a total of 18 pages (including attachments). ♦ If the application is awarded funding, any deviation from the proposed project, may require review and recommendation from the CDBG Commission and final approval by City Council. ♦ Note: The Community Development Block Grant Commission may request a copy of your overall agency budget, financial statements, and 501 (c)(3) status. X 4nfi-v R'^d^`t1"j_-r#.ke` .Mx^S ^`-p� +µ.� i+ 1:'*A r"sa&k h✓+\ fv' Y&} :Y� �* T�asll 4'IU+K p - 'a��r 11 CltyOf_ OrtC011llls .,.`F' GRAXSI3ADFDAxF� , Et�ooxx�DS)~ONLY WR 1 Y 2000 2001 Community Wid6pment Datex yea Block Grant.Pro'&am and HOME Ponds NON=HOUSING APPLICATION ." 1. Project Name: 2.Amount of CDBG funds requested$ 2a.Loan$ Grant$ 2b.Type of Loan: (Check applicable line) Loan Grant Principal&Interest(amortized loan) Principal&No Interest Principal&Balloon Payment Declining Balance Loan lc.Total Project Cost 3.Name and Address of Applicant/Organization: 4.Contact Person: Phone Number: Fax Number: Email Address: 5.Location of Proposed Project: 6.Check Consolidated Plan Activity met. Public Service Other Public Facility Need Economic Development Need 7.Brief Summary of Proposed Project: n PROJECT PROFILE 8.Why is this project needed? How does this project address the priorities,strategies,and goals of the Consolidated Plan,City Plan and the Priority Affordable Housing Needs and Strategies Report 9.List goals of the project In addition,please indicate the best you can the number of persons or households to benefit from your proposed project according to the following categories. (Please see the attached income guidelines for Fort Collins.) Circle or Indicate Persons or Households Number between 0-30%median income Persons or Households Number between 31-50%median income Persons or Households Number between 51-80%median income Persons or Households Number between 81-100%median income Persons or Households Total Persons or Households 2 10.General Description of Activities: a.List major activities of the project(how do these activities address your goals listed in#9.) b.Project implementation: a)Detailed information regarding elements and time schedule for the project;b) Steps taken to assure this project is financially feasible and meets Federal,State and local codes;c)Personnel involved in carrying out the project and related experience with program implementation; d)Amount of volunteers and agency staff time needed to carry out the project. 11.If funds are not awarded,will the project/program continue? Yes❑ No❑ If partial funds are awarded,will the project continue? If yes,at what level YesEl No 12.If funds are awarded,will the program/project continue after CDBG funds end? Yes❑ No❑ 3 3.List the amount of CDBG funds requested for various categories appropriate to your project. Use general categories such as salaries,travel,and other administrative expenses for operational funding. Use categories such as property acquisition,architectural expenses,construction cost and administrative cost for construction/rehabilitation projects. If other funds are used to implement the project,please list the sources, and mark with and "X"if the funds are anticipated or committed. Please document cost whenever possible. BUDGET BREAKDOWN Type Status Expense Category CDBG Other List Source of In Kind Cash Anticipated Committed Funds Funds other Funds- include Fund Raisin IMF TOTAL 4 14.List other groups or organizations that were asked to contribute to or fund this project and the status of those funds(include anticipated dates of funding awards). 15.Have you received CDBG funds in the past? Yes❑ No (If yes,what year(s)did you receive funding,and how much of each award was a grant,declining balance loan or repayable loan?If former payments are underway,please indicate the amount of funds remaining to be expended.) YEARS(S) PROJECT NAME GRANT DECLINING REPAYABLE UNEXPENDED LOAN LOAN BALANCE 16.How does your organization receive input from low-income persons potentially benefiting or affected by your proposed project. If applicant is a non-profit,please include evidence(such as minutes of a meeting)that the proposed project has the support of the organization's Board of Directors. Please attach a one page list of your current board members and indicate experience and background they bring to your board. 5 • NON-HOUSING APPLICATION GUIDELINES ♦ All material must be typed. ♦ Only attachments requested in the application may be submitted. Attachments: ❑ List of Board Members (one page) ❑ Financial commitments (maximum three pages) ♦ Application packet may not be longer than a total of 9 pages • (including attachments). ♦ If the application is awarded funding, any deviations from the proposed project, may require review and recommendation from the CDBG Commission and final approval by City Council. ♦ Note: The Community Development Block Grant Commission may request a copy of your overall agency budget, financial statements, and 501 (c)(3) status. �n-�um..nfN.v :x S. <. Ne.,-'. rr raira.,nk" r ' ^_>s'IP » •y.. -ALL E so��o 152 .n 6