HUD's Office of Community Planning and

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Monitoring • Grantees are responsible for: – Following program requirements – Ensuring that subrecipients <strong>and</strong> beneficiaries comply with rules & achieve their performance objectives • Grantee should have a formal monitoring plan 320
Monitoring Plans • Define monitoring objectives • St<strong>and</strong>ardize monitoring procedures • Identify “risky” entities • Establish monitoring schedule • Prepare for the monitoring visit • Conduct monitoring visit & followup 321
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Welcome • HUD’s Office of Commu
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Learning Objectives • Be familiar
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Agenda (cont) • Day 3 • Infrast
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ECONOMIC DEVELOPMENT STRATEGIES (TO
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Overview of Economic Development
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The Process Economic Analysis Evalu
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Economic Analysis • Assess qualit
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Strategy Options CDBG 108 Other Fed
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Implementation • Describe goals
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Summary: ED Strategies • Economic
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Topics • CDBG history background
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Primary Purpose • Develop viable
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“Companion” Programs to CDBG
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CDBG ED Project Decision Process 1.
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Typical CDBG-Funded ED Activities
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Eligible Activities • Wide variet
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Eligible Activities - ED Projects T
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Special Econ. Development • Comme
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Commercial Rehab • Limited types
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Special Activities by CBDOs • Typ
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Planning and Capacity Building •
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ACTIVITY: DETERMINING PROJECT ELIGI
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National Objectives 570.208 All CDB
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LMI: Area Benefit • Activity that
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Documenting Area Benefit • Bounda
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Job Training, Placement, or Support
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LMI: Housing Activities • Permane
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LMI: Job Creation & Retention • A
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Job Retention with LMI Benefit •
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Counting Jobs • Each business tra
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Counting Jobs • Count all jobs cr
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Documenting Job Creation • When
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Determining Income Status - Written
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Slum & Blight: Area Basis • Activ
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Slum & Blight: Spot Basis • Activ
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Urgent Need • Activities that all
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ACTIVITY: MEETING NATIONAL OBJECTIV
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Limitations on Job Relocation • J
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Faith-Based Organizations • Final
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570.209 Public Benefit Standards
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Test at Two levels • Individual S
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Aggregate Standards • Create/reta
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Projects Automatically Fail Individ
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Summary: CDBG Foundation • Three
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REVITALIZATION STRATEGY AREAS (TOOL
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Revitalization Strategies • Writt
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• Area must be: - Contiguous - Pr
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Assessment • Describe economic co
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Benchmarks • Must describe measur
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Review & Approval • Submitted wit
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SMALL BUSINESS DEVELOPMENT (TOOLKIT
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SMALL BUSINESS DEVELOPMENT 104
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What Is a Small Business? • Not u
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Technical Assistance • Business c
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Typical Training & TA Providers •
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Financial Assistance • Types of A
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MICROENTERPRISE ASSISTANCE 114
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Microenterprise Assistance • Fina
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National Objective • Limited Clie
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Key Steps In Setting Up Program •
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Key Steps • Design TA and trainin
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BUSINESS INCUBATORS 124
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Benefits of Incubators • Help red
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Financial Burden • Incubator is a
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Funding Incubator Construction •
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Evaluating Incubator Applications
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Summary: Incubators • TA is impor
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JOB TRAINING & OTHER PUBLIC SERVICE
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What Is Job Training? • Help unem
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Other ED Public Services • To sup
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Who Can Undertake Training? • Gra
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National Objective • Training as
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Key Steps • Conduct a needs asses
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Summary: Job Training • Job train
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LARGE-SCALE COMMERCIAL DEVELOPMENTS
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What Are Large-Scale Commercial Dev
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CDBG Roles • Financing to busines
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Special ED Activities • Acquisiti
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National Objective • Job creation
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Key Steps in Design • Determine i
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INFRASTRUCTURE (TOOLKIT CH 7) 162
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What Is Infrastructure? • Non-hou
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Privately Owned Utilities • Cover
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Ineligible Infrastructure Activitie
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Special Assessments (cont) • If a
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Special Assessments Are Not • Not
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National Objective (cont) • Low/M
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Key Steps • Decide if want to tar
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Summary: Infrastructure • Public
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Topics • Financing options • Re
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Methods of Financing • Grants •
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Equity • Contribution of cash or
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Debt Options • Direct loans - Sub
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Contingent Payment Loans • “Def
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REVOLVING LOAN FUNDS 190
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Typical Borrowers • Existing busi
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Steps: Market & Client Scan • Con
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Step: Select Administrative Entity
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CDFIs 198
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Definition of a CDFI • Specialize
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CDFIs & CDBG • Job creation/reten
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UNDERWRITING (TOOLKIT CH 9) 204
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Underwriting Defined • Underwriti
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HUD Appropriateness Criteria • Tw
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Risks: Inflated costs Understated c
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Necessity of Public Funding • Sho
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Reasonable Return & Terms • Loan
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Public Benefit Test • Applies to
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Public Benefits: Aggregate Portfoli
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Two Primary Types of ED Lending •
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Underwriting Business Loans • Abi
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Debt Coverage Ratio Guidelines •
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What Is Value? Fair market value Li
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General Guidelines: LTV • Commerc
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Commitment • Commitment by owners
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Management • Must be experienced
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Small Startups • Likely to have a
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Underwriting Real Estate Loans •
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Collateral • Use Loan-to-Value Ra
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Experience • Be certain developme
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Summary of Appropriateness • Good
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History of Appropriateness Criteria
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Risks: Inflated costs Understated c
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Gap Analysis • Financing gap •
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Rate of Return + Reasonable cost -
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Project Feasibility & Return • Te
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Summary: Underwriting • CDBG has:
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SECTION 108 (TOOLKIT CH 10) 256
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SECTION 108 OVERVIEW 258
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How much can communities borrow?
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Advantages of 108 • Leverage - Ac
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Eligible Activities • Acquisition
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Program Requirements • National o
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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 322 and 323: Monitoring Actions • Technical As
Page 324 and 325: Summary: Administration • CDBG ED
Page 326: Wrap Up • Final questions • Eva
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HUD's Office of Community Planning and

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