1 / 26

Stakeholder Forum: PADD/DFD Joint Solicitation Process

Department of Housing and Community Development. Stakeholder Forum: PADD/DFD Joint Solicitation Process. June 11, 2014. WELCOME. Department of Housing and Community Development. Michael Kelly. Director D.C. Department of Housing and Community Development.

alika
Download Presentation

Stakeholder Forum: PADD/DFD Joint Solicitation Process

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Department of Housing and Community Development Stakeholder Forum: PADD/DFD Joint Solicitation Process June 11, 2014 WELCOME

  2. Department of Housing and Community Development Michael Kelly Director D.C. Department of Housing and Community Development

  3. Department of Housing and Community Development Nathan Simms Deputy Director D.C. Department of Housing and Community Development

  4. Property Acquisition and Disposition Division Acquires vacant, abandoned and deteriorated properties and disposes of them by selling the properties to be rehabilitated into high quality affordable and market-rate housing for residents of the District of Columbia. Current Inventory: 128 Lots 26 Buildings Upcoming Property Dispositions: July & Sept-Oct 2014; Multiple Properties Karanja Slaughter, Division Manager

  5. Development Finance Division Provides gap funding for the development of affordable rental units, homeownership units and community facilities for residents of the District of Columbia. Funding Source: Funding Opportunities: Request for Proposals July 2, 2014 Oke Anyaegbunam, Division Manager

  6. Department of Housing and Community Development Karanja Slaughter PADD Division Manager D.C. Department of Housing and Community Development

  7. New Process: Objective • PADD and DFD will conduct joint solicitations with the goal of eliminating a redundant and less responsive application, review and award process.

  8. Process Changes • PADD Solicitation and DFD RFP Issued Simultaneously • Joint PADD / DFD Review Panel • DFD Preliminary Underwriting • Awardee Initiates Permit Drawing Set Creation • Joint PADD / DFD Closing

  9. SHOW PROCESS MAP HERE

  10. Process Change Timeline Improvement • Estimated One Year Timeline Issuance to Closing • Previous Issuance to Closing Timeline Two-Three Years – DFD financed • Net One-Two Year Improvement Issuance to Closing

  11. Process Improvement Benefits • More effectively combat blight • More effectively increase the affordable housing supply • Better facilitate the Mayor’s 10X20 goal • Increase the success rate of projects by decreasing development timeline • Eliminate proposal-funding conflicts from the onset

  12. Current Inventory Overview • 154 Total Properties • 26 Buildings & 128 Lots • 58 Properties Pending Disposition – Phase I & II • 17 Properties Pending Disposition – Winter 2014-15 • 65 Properties Planned Turnkey (subdivided lots) • 18 Scattered Sites Remaining • Art space, green space, urban agriculture, inter-agency transfer targets, under negotiation for disposition

  13. Future Activities: Turnkey Projects (FY14-15) 58th & Dix NE 1328 W St SE (DGS) rehab 1328 W St SE (DGS) development 36th St SE Good Hope Rd SE 1220 Maple View (stabilization & rehab) Valley Pl (rehab & expansion) 454 N St NW 1657-61 Gales St

  14. Future Activities Solicitations of twelve projects, including: Phase I (July 2) • 8th & T NW • Amber Overlook • Florida & Q NW • Halley Terrace • Hunter Pl SE • Minnesota Ave/27th Phase II (Sept-Oct) • Alabama Ave • High St SE • 3401 13th St • West St SE • Kramer St • Forrester St / 6th St SE

  15. Department of Housing and Community Development Laverne Scott Housing Projects Coordinator, DFD D.C. Department of Housing and Community Development

  16. DFD’s Application Process • Thorough underwriting before decisions • Coordination with PADD to determine appropriate financing • Improved lending outcomes

  17. New DFD Requirements • 5% of all projects must provide Permanent Supportive Housing as defined in the RFP • Priority points will be given to projects offering larger bedroom sizes (3 BRs and above)

  18. Four Step Process for Decisions • Threshold - clear, objective criteria • Feasibility/sustainability analysis, through underwriting • Project prioritization, only for applications determined to be feasible • Funding decisions

  19. Step One: Threshold Criteria Review 11 criteria • All criteria clear and objective • Site control for applicant (Executed PDA) • Zoning in place • Regulatory eligibility for appropriate programs • Development team materials submitted • Corporate Good Standing and Clean Hands Certificate

  20. Threshold Criteria Review – cont’d 6. Creditworthiness • Completed Green Design process • Architectural schematic drawings and Form 215 • Recent appraisal • Phase I Environmental and Historic Reviews completed • Completeness of application material submitted

  21. Threshold Criteria Review • Applications that pass move into next three steps • Applications that fail will not move to the next step, and will receive notice

  22. Funding Decisions • External Committee Review • Internal Committee Review • Ratified by DHCD Director Kelly • A Reservation or Rejection Letter issued to all applicants

  23. Funding Decisions • Letter of Reservation will include project-specific and generic closing conditions • Commitment Letter follows with progress on closing conditions

  24. Upcoming Event PADD / DFD Solicitation and RFP Issuance July 2, 2014, DHCD Website

  25. Questions & Answers

  26. Department of Housing and Community Development Thank You!

More Related