HUD's Office of Community Planning and

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Summary: CDBG Foundation • Three foundational elements <strong>of</strong> CDBG: – Eligible & ineligible ED activities – National objectives relating to ED & the documentation required – Program limits, caps & the public benefit st<strong>and</strong>ards pertaining to ED 88
ACTIVITY: APPLYING THE PUBLIC BENEFIT TEST 89
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
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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
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 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 130 and 131: Funding Incubator Construction •
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
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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
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
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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
Page 178 and 179:
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
Page 196 and 197:
Step: Select Administrative Entity
Page 198 and 199:
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
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
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Two Primary Types of ED Lending •
Page 222 and 223:
Underwriting Business Loans • Abi
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Debt Coverage Ratio Guidelines •
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What Is Value? Fair market value Li
Page 228 and 229:
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
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
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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
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
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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
Page 276 and 277:
• 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
Page 284 and 285:
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
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
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Marketing • Develop a rollout str
Page 302 and 303:
Program-Wide Records • Consolidat
Page 304 and 305:
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
Page 318 and 319:
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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