1 / 17

HUD Office of Affordable Housing Programs

HUD Office of Affordable Housing Programs. NCDA’s Winter Legislative and Policy Conference January 21, 2010. TOPICS. A look back at FY 2009; FY 2010 and FY 2011 HOME and National Housing Trust Fund Budgets;

vachel
Télécharger la présentation

HUD Office of Affordable Housing Programs

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. HUD Office of Affordable Housing Programs NCDA’s Winter Legislative and Policy Conference January 21, 2010

  2. TOPICS • A look back at FY 2009; • FY 2010 and FY 2011 HOME and National Housing Trust Fund Budgets; • HOME Policy Update – TCAP, Housing Trust Fund Implementation, HOME Proposed Rule; • IDIS Online Reports Status.

  3. A Look back at 2009 • New Administration • New Strategic Plan • New Vernacular: • Recovery, NSP 2, HPRP, TCAP • Transformation Initiative • Choice Neighborhoods • Catalytic grants • Rental Reformation

  4. A Look back at 2009 – cont. • HOME Accomplishments: • New homebuyers: 25,873; • Rental production: 37,861 (includes 18,763 TBRA); • Energy Star Certified Units: 4,652 • Units completed since 1992: 925,327 • Cumulative TBRA households: 216,563

  5. FY 2010 HOME and HTF Budgets

  6. FY 2011 HOME Budget

  7. TCAP Recap • Status of the $2.25 billion awarded (as of 1/11/2010): • Funds committed to projects: $1.1billion (47.3% of total); • Number of unit commitments: 23,558 • Amount disbursed: $87.8 million (4%) • Average per-project TCAP commitment and units: $3.2 million / 67 units

  8. Housing Trust Fund (HTF) • Awaiting Funding ! • Proposed Formula Rule Published- Comments Due February 4, 2010. • Expected Release of “Interim Rule” • Design principles: • Trust Fund: a ‘source of money’ for affordable housing - not a ‘program’ • Add to HOME Program Regulations

  9. HOME Proposed Rule • First major regulatory changes to HOME regulations since 1996, will address: • Property standards/energy efficiency • PJ and CHDO performance problems • Common compliance issues • Frequently misunderstood provisions • HUD will conduct outreach in January/February 2010

  10. HOME Program OIG Issues Act Now!

  11. OIG Audit - Program Income • IG audited 45 PJs regarding PI • 29 PJs drew down more than $79 million of HOME Program funds during 2007 and 2008 while they had PI on hand • 26 PJs had a combined $39.6 million of PI in their local accounts • 40 PJs did not report PI timely, accurately or at all during this period

  12. Program Income – cont. • Corrective Actions • Expedite programming and implementation of IDIS PI module to permit proper operation for PI draws • Incorporate additional PI questions in the HOME Monitoring Exhibits (CPD Monitoring Handbook)

  13. OIG Audit - Commitments • OIG internal audit looked at: • Date of IDIS project set-ups v. written agreements • Open Activities with no draws or no recent draws

  14. Commitments – cont. • IG found widespread instances of PJs funding projects in IDIS without executed written agreements due to: • Ignorance of rules • Deliberate attempts to avoid deobligation

  15. Commitments – cont. • Open Activities Problems • Huge number of open activities with no draws: • Our data shows 2,162HOME activities funded for more than 1 year with no draws • Overstating commitments by $341million • Similarly large number of open activities that are partially drawn but have not had draws for years

  16. Expiring HOME Funds • FY 2003 HOME funds subject to recapture by U.S. Treasury on 9/30/2010. • $62.8 million currently subject to recapture • See handout for YOUR state’s balance.

  17. HOME Reports Update • Available now: • Deadline Compliance Status Report • Open Activities Report • Vacant Units Report • Available later this month: • National Production Report • SNAPSHOTS (including Red Flags) • Dashboards • ADDI Accomplishments / Detail Reports

More Related