Washington AHMA Annual Conference

1. Washington AHMA Annual Conference Multifamily Housing Update April 23, 2019 Presented by Denver Satellite Office Multifamily West Region

2. Overview MF Staffing Update Submission of work requests HUD Appropriations and President’s Proposed Budget Portfolio Snapshot Programs and Production Updates REAC

3. Multifamily Staff Regional Director Tom Azumbrado retired February 28, 2019 Angela Corcoran serving as Acting Regional Director Denver Asset Management team has lost a number of staff Expect ability to hire to open up over the next several months Check www.USAJobs.gov

6. https://www.hud.gov/states/shared/working/r8/mf

7. Multifamily Staff Contract Administrator Oversight Monitor (CAOM) now a Headquarters role Field Office CAOM Counterparts (FOCC) are primary PBCA contact in the field office and coordinate with CAOM Account Executives continue work with PBCAs on property specific items

8. Submit Requests Electronically • All requests for processing must be submitted to our centralized mailboxes rather than directly to your HUD Account Executive or via paper mail.  • Properties located in AZ, CO, MT, ND, SD, UT, WA or WY, send requests to DEN.Incoming@hud.gov • Format the subject line as follows: • Request Type, Project Name, FHA # or Contract # • To reduce email duplication and to ensure that our office properly logs your request, please do not send a copy to your HUD Account Executive.  • Request Types • All types of requests will be accepted at these mailboxes. Examples include: • Exigent Health & Safety (EH&S) certifications • Management certifications • Reserve for Replacement (R4R) releases • FASS responses

9. Submit Requests Electronically • Things to consider…. • Sending work requests directly to the AEs could result in delays – work is not tracked, office may be closed, staff may be unexpectedly out, etc. • Reach out to Account Executives directly for all technical assistance requests. • Do not send links sent to Den.Incoming with log-ins/secure passwords:   Often the links do not work and staff processing the mail do not have the password.  Frequently it is not clear who sent the link because it comes from a third-party email – there is no identifying info in the email re: property, contract number, etc. This results in delays as we research to determine who we can get back to.

10. Specialized Communication Contracts and Funding: Den.Funding@hud.gov Contract renewals ready for execution on HUD-administered properties (PRACs) will come to you from this address. Please return to Den.Funding@hud.gov Multifamily Service Coordination: West Region Grant Specialists Darlene Matushefske – grants in Colorado, Montana, Oregon, Idaho, North Dakota, South Dakota, Washington and Wyoming Phone: 303-672-5474 Email: West.Grants2@hud.gov Rhonda Horn–grants in Arizona, California, Hawaii, Guam, Nevada and Utah Phone: 303-675-1608 Email: West.Grants1@hud.gov Please note, contact your Account Executive for Service Coordinator programs that are funded through operations and/or residual receipts.

11. R4Rs = 204 PRAC Renewals = 65 EH & S = 51 Other/General = 7.5% Previous Participation = 65

12. R4Rs = 32.5% PRAC Renewals = 10.4% EH & S = 8.1% Other/General = 7.5% Previous Participation = 6.8%

15. FY 2019 HUD Appropriates Act Multifamily Rental Assistance • Fully funded projected annual renewals and amendments for Section 8 PBRA, Section 202 and Section 811 • Includes full funding for: • $30.2M for new Section 811 capital advances/PRACs and State HFA project rental assistance • $51M for new Section 202 capital advances/PRACs • $10 million for Home Modification grants to allow aging in place ($5M set aside for rural) • Service Coordinator Grants funded at $90M to allow renewal of existing grants.

16. Office of Recapitalization • RAD for Public Housing • 111,000 units converted and preserved • $6.8B in construction investment • RAD for Other Multifamily Housing • Converted last Rent Supp property • Nine RAP properties left nationwide • Outreach to Mod Rehab owners • Draft Section 202 PRAC conversion rules were posted for public feedback • Other Preservation Activities • Pre-1974 Section 202 SPRAC and TPV deals • Mark-to-Market and Post-M2M approvals

17. Section 202 Supportive Housing for the Elderly Program Capital Advance • FY 2018 Notice of Funding Availability (NOFA) is now posted on grants.gov. • HUD is providing up to $50 million in Capital Advance funding for: • development and operation of supportive rental housing for very-low income persons 62 years+, and • project rental subsidies, Project Rental Assistance Contract (PRAC), to maintain on going affordability • This funding, leveraged with other financing sources, will expand affordable housing opportunities and include supportive services such as transportation, continuing education and/or health to allow seniors to live independently and to age in place. • These are the first funds for construction of new elderly housing under the Section 202 program since 2010. • HUD will host a single, national webinar on Thursday, April 25, from 2-3 p.m. EST to provide an overview of the NOFA.  • Limited information can be shared about the NOFA. Questions may be sent by email to 202CapitalAdvanceNOFA@hud.gov. HUD will maintain a repository of questions answered on the Funding Opportunities webpage.

18. LIHTC Notice • Opportunity Zones and High Cost Factor Notices • Application Portal • Lender Metrics • MAP Guide 2019

19. LIHTC Pilot Program Notice H-2019-03 • Modified processing tracks for Section 221(d)(4) and Section 220 new construction and substantial rehabilitation projects. • Expedited Approval Process track: 30-day processing to firm commitment, with several restrictive criteria and several new lender leniencies. HUD’s review will be limited, and HUD will rely on the Lender’s due diligence during both the underwriting and construction phases. • Standard Approval Process track: 60-day processing until firm commitment- with several restrictive criteria and fewer ender leniencies. HUD staff will perform a more thorough review during the underwriting phase and rely on additional lender oversight during the construction phase. • Unless explicitly amended or waived, all other sections of the MAP Guide remain applicable to Section 221(d)(4) and Section 220 LIHTC transactions.

20. REAC UPDATEs • Joint Notice H-2019-04 / Notice PIH-2019-02 (HA) Issued on February 22, 2019 • Implements 14-calendar-day prior notice of inspection date • REAC Session on Wednesday – learn about Postponements/Cancellations/Delays, EH&S, Tools, etc.

21. CONGRATULATIONS! Washington properties that received a REAC score of 98 or higher since the last WA AHMA Conference in April 2018 • Cathedral Plaza -99a • Conbela Apts – 99a • Evergreen NP Hsg – 99b • Fahy Gardens – 98a • Golden Hemlock – 99a • Montesano Harbor-99a • Parkway Apts. - 99a • Brandt Terrace – 98b • Scriber Pointe – 98b • Deer Park Crossing-98b • White River Snr Hsg-98b • Keystone Corners – 99c • Hawkins House – 98b

22. CONGRATULATIONS! Washington properties that received a Superior MOR since the last WA AHMA Conference in April 2018 • Blue Mountain Senior Housing – June 2018 • Junction Flats – July 2018