HUD's Office of Community Planning and

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LMI: Housing Activities • Permanent housing where 51% of occupants are LMI – Single-unit structure: LMI occupied – 2 units: at least 1 occupied by LMI – 3 + units: 51% or more LMI – New, MF, non-elderly: 20% or more • Ownership or rental w/ affordable rents 54
LMI: Housing (cont) • Can treat units as single structure if: – Rentals are under common ownership; and on the same or contiguous parcels; OR – All units in an approved NRS area; OR – All units assisted by a CDFI in an investment area of 51% or more LMI • Documented based on actual income of HHs 55
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 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
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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
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Players & Roles • Community • H
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Risks of Using Section 108 • Loan
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Risk Management • Avoid construct
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• Covers early payment Defeasance
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Overview of Process • Screen proj
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Application Types • Generic Appli
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Citizen Participation • Provide a
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HUD Review • Review by area offic
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Disbursing & Servicing • Custodia
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RELATED INITIATIVES 288
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Brownfields & BEDI • Brownfields:
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PROGRAM ADMINISTRATION (TOOLKIT CH
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PROGRAM DESIGN & ADMINISTRATION 294
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Typical Roles in ED Programs • In
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Policies & Procedures • Recommend
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Marketing • Develop a rollout str
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Program-Wide Records • Consolidat
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Financial Records • Bank records,
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Subrecipient • Subrecipient appli
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HUD REPORTING 308
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Objectives • Suitable living envi
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Indicators & Reporting • Grantees
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Job Reporting (cont) • For job re
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Businesses Assisted Reporting (cont
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MEASURING ED PROGRAM SUCCESS 318
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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
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HUD's Office of Community Planning and

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