HUD's Office of Community Planning and

More documents

Recommendations

Info

Funding Incubator Construction • Eligibility – 203 Special Economic Development, 204 CBDOs • Public benefit test applies – 201 (o) Microenterprise • If tenants are restricted to microenterprises • National Objective – Job creation/retention - 51% LMI jobs • Can aggregate jobs – Area Benefit – If NRSA 130
Funding Businesses in Incubators • Eligibility – Microenterprise 570.201(o) • ≥ 5 employees – Special ED (570.203) • National Objective – Job creation/retention – 51% LMI jobs – Area Benefit – if NRSA 131
Page 2 and 3:
Welcome • HUD’s Office of Commu
Page 4 and 5:
Learning Objectives • Be familiar
Page 6 and 7:
Agenda (cont) • Day 3 • Infrast
Page 8 and 9:
ECONOMIC DEVELOPMENT STRATEGIES (TO
Page 10 and 11:
Overview of Economic Development
Page 12 and 13:
The Process Economic Analysis Evalu
Page 14 and 15:
Economic Analysis • Assess qualit
Page 16 and 17:
Strategy Options CDBG 108 Other Fed
Page 18 and 19:
Implementation • Describe goals
Page 20 and 21:
Summary: ED Strategies • Economic
Page 22 and 23:
Topics • CDBG history background
Page 24 and 25:
Primary Purpose • Develop viable
Page 26 and 27:
“Companion” Programs to CDBG
Page 28 and 29:
CDBG ED Project Decision Process 1.
Page 30 and 31:
Typical CDBG-Funded ED Activities
Page 32 and 33:
Eligible Activities • Wide variet
Page 34 and 35:
Eligible Activities - ED Projects T
Page 36 and 37:
Special Econ. Development • Comme
Page 38 and 39:
Commercial Rehab • Limited types
Page 40 and 41:
Special Activities by CBDOs • Typ
Page 42 and 43:
Planning and Capacity Building •
Page 44 and 45:
ACTIVITY: DETERMINING PROJECT ELIGI
Page 46 and 47:
National Objectives 570.208 All CDB
Page 48 and 49:
LMI: Area Benefit • Activity that
Page 50 and 51:
Documenting Area Benefit • Bounda
Page 52 and 53:
Job Training, Placement, or Support
Page 54 and 55:
LMI: Housing Activities • Permane
Page 56 and 57:
LMI: Job Creation & Retention • A
Page 58 and 59:
Job Retention with LMI Benefit •
Page 60 and 61:
Counting Jobs • Each business tra
Page 62 and 63:
Counting Jobs • Count all jobs cr
Page 64 and 65:
Documenting Job Creation • When
Page 66 and 67:
Determining Income Status - Written
Page 68 and 69:
Slum & Blight: Area Basis • Activ
Page 70 and 71:
Slum & Blight: Spot Basis • Activ
Page 72 and 73:
Urgent Need • Activities that all
Page 74 and 75:
ACTIVITY: MEETING NATIONAL OBJECTIV
Page 76 and 77:
Limitations on Job Relocation • J
Page 78 and 79:
Faith-Based Organizations • Final
Page 80 and 81: 570.209 Public Benefit Standards
Page 82 and 83: Test at Two levels • Individual S
Page 84 and 85: Aggregate Standards • Create/reta
Page 86 and 87: Projects Automatically Fail Individ
Page 88 and 89: Summary: CDBG Foundation • Three
Page 90 and 91: REVITALIZATION STRATEGY AREAS (TOOL
Page 92 and 93: Revitalization Strategies • Writt
Page 94 and 95: • Area must be: - Contiguous - Pr
Page 96 and 97: Assessment • Describe economic co
Page 98 and 99: Benchmarks • Must describe measur
Page 100 and 101: Review & Approval • Submitted wit
Page 102 and 103: SMALL BUSINESS DEVELOPMENT (TOOLKIT
Page 104 and 105: SMALL BUSINESS DEVELOPMENT 104
Page 106 and 107: What Is a Small Business? • Not u
Page 108 and 109: Technical Assistance • Business c
Page 110 and 111: Typical Training & TA Providers •
Page 112 and 113: Financial Assistance • Types of A
Page 114 and 115: MICROENTERPRISE ASSISTANCE 114
Page 116 and 117: Microenterprise Assistance • Fina
Page 118 and 119: National Objective • Limited Clie
Page 120 and 121: Key Steps In Setting Up Program •
Page 122 and 123: Key Steps • Design TA and trainin
Page 124 and 125: BUSINESS INCUBATORS 124
Page 126 and 127: Benefits of Incubators • Help red
Page 128 and 129: Financial Burden • Incubator is a
Page 132 and 133: Evaluating Incubator Applications
Page 134 and 135: Summary: Incubators • TA is impor
Page 136 and 137: JOB TRAINING & OTHER PUBLIC SERVICE
Page 138 and 139: What Is Job Training? • Help unem
Page 140 and 141: Other ED Public Services • To sup
Page 142 and 143: Who Can Undertake Training? • Gra
Page 144 and 145: National Objective • Training as
Page 146 and 147: Key Steps • Conduct a needs asses
Page 148 and 149: Summary: Job Training • Job train
Page 150 and 151: LARGE-SCALE COMMERCIAL DEVELOPMENTS
Page 152 and 153: What Are Large-Scale Commercial Dev
Page 154 and 155: CDBG Roles • Financing to busines
Page 156 and 157: Special ED Activities • Acquisiti
Page 158 and 159: National Objective • Job creation
Page 160 and 161: Key Steps in Design • Determine i
Page 162 and 163: INFRASTRUCTURE (TOOLKIT CH 7) 162
Page 164 and 165: What Is Infrastructure? • Non-hou
Page 166 and 167: Privately Owned Utilities • Cover
Page 168 and 169: Ineligible Infrastructure Activitie
Page 170 and 171: Special Assessments (cont) • If a
Page 172 and 173: Special Assessments Are Not • Not
Page 174 and 175: National Objective (cont) • Low/M
Page 176 and 177: Key Steps • Decide if want to tar
Page 178 and 179: Summary: Infrastructure • Public
Page 180 and 181:
Topics • Financing options • Re
Page 182 and 183:
Methods of Financing • Grants •
Page 184 and 185:
Equity • Contribution of cash or
Page 186 and 187:
Debt Options • Direct loans - Sub
Page 188 and 189:
Contingent Payment Loans • “Def
Page 190 and 191:
REVOLVING LOAN FUNDS 190
Page 192 and 193:
Typical Borrowers • Existing busi
Page 194 and 195:
Steps: Market & Client Scan • Con
Page 196 and 197:
Step: Select Administrative Entity
Page 198 and 199:
CDFIs 198
Page 200 and 201:
Definition of a CDFI • Specialize
Page 202 and 203:
CDFIs & CDBG • Job creation/reten
Page 204 and 205:
UNDERWRITING (TOOLKIT CH 9) 204
Page 206 and 207:
Underwriting Defined • Underwriti
Page 208 and 209:
HUD Appropriateness Criteria • Tw
Page 210 and 211:
Risks: Inflated costs Understated c
Page 212 and 213:
Necessity of Public Funding • Sho
Page 214 and 215:
Reasonable Return & Terms • Loan
Page 216 and 217:
Public Benefit Test • Applies to
Page 218 and 219:
Public Benefits: Aggregate Portfoli
Page 220 and 221:
Two Primary Types of ED Lending •
Page 222 and 223:
Underwriting Business Loans • Abi
Page 224 and 225:
Debt Coverage Ratio Guidelines •
Page 226 and 227:
What Is Value? Fair market value Li
Page 228 and 229:
General Guidelines: LTV • Commerc
Page 230 and 231:
Commitment • Commitment by owners
Page 232 and 233:
Management • Must be experienced
Page 234 and 235:
Small Startups • Likely to have a
Page 236 and 237:
Underwriting Real Estate Loans •
Page 238 and 239:
Collateral • Use Loan-to-Value Ra
Page 240 and 241:
Experience • Be certain developme
Page 242 and 243:
Summary of Appropriateness • Good
Page 244 and 245:
History of Appropriateness Criteria
Page 246 and 247:
Risks: Inflated costs Understated c
Page 248 and 249:
Gap Analysis • Financing gap •
Page 250 and 251:
Rate of Return + Reasonable cost -
Page 252 and 253:
Project Feasibility & Return • Te
Page 254 and 255:
Summary: Underwriting • CDBG has:
Page 256 and 257:
SECTION 108 (TOOLKIT CH 10) 256
Page 258 and 259:
SECTION 108 OVERVIEW 258
Page 260 and 261:
How much can communities borrow?
Page 262 and 263:
Advantages of 108 • Leverage - Ac
Page 264 and 265:
Eligible Activities • Acquisition
Page 266 and 267:
Program Requirements • National o
Page 268 and 269:
Section 108 Guarantee HUD Guarantee
Page 270 and 271:
Players & Roles • Community • H
Page 272 and 273:
Risks of Using Section 108 • Loan
Page 274 and 275:
Risk Management • Avoid construct
Page 276 and 277:
• Covers early payment Defeasance
Page 278 and 279:
Overview of Process • Screen proj
Page 280 and 281:
Application Types • Generic Appli
Page 282 and 283:
Citizen Participation • Provide a
Page 284 and 285:
HUD Review • Review by area offic
Page 286 and 287:
Disbursing & Servicing • Custodia
Page 288 and 289:
RELATED INITIATIVES 288
Page 290 and 291:
Brownfields & BEDI • Brownfields:
Page 292 and 293:
PROGRAM ADMINISTRATION (TOOLKIT CH
Page 294 and 295:
PROGRAM DESIGN & ADMINISTRATION 294
Page 296 and 297:
Typical Roles in ED Programs • In
Page 298 and 299:
Policies & Procedures • Recommend
Page 300 and 301:
Marketing • Develop a rollout str
Page 302 and 303:
Program-Wide Records • Consolidat
Page 304 and 305:
Financial Records • Bank records,
Page 306 and 307:
Subrecipient • Subrecipient appli
Page 308 and 309:
HUD REPORTING 308
Page 310 and 311:
Objectives • Suitable living envi
Page 312 and 313:
Indicators & Reporting • Grantees
Page 314 and 315:
Job Reporting (cont) • For job re
Page 316 and 317:
Businesses Assisted Reporting (cont
Page 318 and 319:
MEASURING ED PROGRAM SUCCESS 318
Page 320 and 321:
Monitoring • Grantees are respons
Page 322 and 323:
Monitoring Actions • Technical As
Page 324 and 325:
Summary: Administration • CDBG ED
Page 326:
Wrap Up • Final questions • Eva
show all

HUD's Office of Community Planning and

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?