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Lenders Summit

FHLBank Topeka Special Programs for Housing, Commercial Loans and Community Development. Lenders Summit. FHLBank Topeka. Government-sponsored enterprise (GSE) established in 1932 Created 12 district FHLBanks Tenth District includes Colorado, Kansas, Nebraska and Oklahoma

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Lenders Summit

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  1. FHLBank Topeka Special Programs for Housing, Commercial Loans and Community Development Lenders Summit

  2. FHLBank Topeka • Government-sponsored enterprise (GSE) established in 1932 • Created 12 district FHLBanks • Tenth District includes Colorado, Kansas, Nebraska and Oklahoma • Currently serve more than 838 banks, thrifts and credit unions

  3. FHBLTopekaMission Statement • We make a difference by helping our members build their communities.” • We assist them in addressing a broad range of economic development and housing needs in their communities through: • -FHLBank Topeka’s primary product lines; and • -Special housing and community development programs

  4. FHLBank Topeka Role • To work with our owner/members to address this broad view of economic development needs in their communities through • FHLBank Topeka’s primary product lines, and • Special programs

  5. Community and Economic Development • Grants • JOBS • Advance Funding for stockholders • CDP • HELP • Technical assistance Community Development Loans -- Non-housing commercial, economic development, farm, agribusiness, public facility, social services, medical and other loans/leases

  6. Joint Opportunities for Building Success (JOBS) An Economic Development initiative that assist members in promoting employment growth in their communities. Community Development Program (CDP) – Commercial and community development Community Housing Program (CHP) Single And multifamily housing

  7. JOBS • $1,500,000 for 2011 • Recoverable grant, grant, interest rate buy-down, principal reduction, equity • Emphasis on: • Job impact • Community support • Project viability and readiness to proceed • Leveraging • $25,000 max per member • $25,000 max per project • Deadline was - April 1 – 51 out of 95 projects awarded – 2 from Colorado, 22 from Kansas, 13 from Nebraska and 14 from Oklahoma

  8. CHPCommunity Housing Program Advance • Owner-occupied Housing Families < 115% of median SF Home Loan Pools based on eligible loans from HMDA LAR - • Rental Housing Minimum 51% of units with tenants earning < 115% of median or minimum 51% affordable units • CHP advances priced below FHLBank’s market rates • No limit on total annual approvals • No limit on markup • No maximum per member per year • 4 month to 30 year terms • No restriction on approvals per year per member

  9. CHP Plus Advance- Rental Housing • Rental housing occupied by, or affordable to, 80% AMI or less • CHP Plus advances priced below FHLBank’s cost of funds • $25 million pool annually • Minimum amount of a CHP Plus advance is $10,000 • 200 bp maximum markup • $1 million max • 20-year term max for CHP Plus pricing • Two CHP Plus approvals per year per member • Members may obtain CHP Plus advances for additional projects after June 15 if CHP Plus funds remain available.

  10. CHP Owner 115% Area Median

  11. CHP “Plus” 80% AMI CHP “Plus” Affordable Rent CHP 115% AMI CHP Affordable Rent $60,700 $1,518 $87,256 $2,181 Denver – Aurora MSA Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, ParkCHP Plus and CHP Rental Income Limits

  12. CDP Advance • Community lending financing for: • Commercial loans • Loans to municipalities • Utility financing • Educational • Medical • Agricultural • Other non-housing. E.g. churches, day care

  13. CDP • Commercial Loans, Loans to Municipalities, Utility Financing, Educational Loans, Medical Facility and Clinic Loans, Agricultural Loans and Other Non-housing Projects (churches, day care ) • CDP advances priced below FHLBank’s market rates • No limit on total annual approvals • No limit on markup • No maximum per member per year • 4 month to 30 year terms • No restriction on approvals per year per member

  14. Qualifying for CDP • Four ways to qualify: - Must meet only one • Meets SBA definition of small business concern • Located in an income-targeted geographic area • Located in a designated targeted program area, or • Targeted employee wage levels

  15. CDP Small Business Qualifying Factors • 500 employees for most manufacturing and mining industries • $7 million in annual receipts for retail and service industries • 100 employees for most wholesale operations • $750,000 in annual receipts for farm operations • $7 million Health Services/Clinic/ Doctors Offices • $7 million Education or Social Services

  16. CDP Qualified Geographic Area • Rural Areas 115% of AMI • Urban Areas 100% of AMI Rural- A unit of local government with a population of 25,00 or less. An unincorporated area outside the MSA An unincorporated area within an MSA that qualifies for assistance from USDA http://www.ffiec.gov/geocode/default.htm

  17. CDP Targeted Wage Levels • At least 51% of the employees must have incomes at or below the targeted income levels Rural areas use 115% of published MRB limits Denver MSA 100% MRB Income limit = $87,400

  18. CHP/CDP Process • CHP/CDP application • Open, non-competitive window • HCD approval • Approval within one week, usually less • Approval good for one year • Approval letter to stockholder and lending department • Lending Department • Regular advance process, except for price

  19. Technical Assistance • Community capacity building • Housing resources • Economic development resources • Rural homeownership counseling

  20. Resources Housing and Community Development StaffToll Free # 866.571.8155 http://www.fhlbtopeka.com/s/index.cfm?SSID=41 Tom Thull Vice President, HCD Director 785.438.6029 Michael Borcher HCD Financial Manager New Jeff Ragsdale HCD Financial Specialist II 785.438.6034 Noelle St. Clair Community Programs Specialist 785.438.6033 Michele Carter HCD Program Manager 785.438.6032 Utika Scales HCD Specialist I 785.438.6035 Terri Smith HCD Specialist I 785.438.6289 Amy Apitz HCD Specialist I 785.438.6031 Dawn Harris HCD Specialist I 785.438.6030 Mark Ward HCD Quality Control Manager 785.438.6037

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