Task Force Meeting August 18, 2017 Agenda Program Updates - PowerPoint PPT Presentation

Task Force Meeting August 18, 2017

Agenda Program Updates   Homeowner Program Farm Recovery Program   Rental Programs FEMA PA Match  Small Business Program August 18, 2017

Homeowner Program Budget and Mission  Total Program Budget: $1,331,163,919  Program objective: Provide grant assistance to homeowners impacted by the March and August flood events for eligible unmet needs in a manner that helps as many homeowners as possible with the limited funding available. August 18, 2017

Homeowner Program August 18, 2017

Progress on the Ground August 18, 2017

Outreach Activities August 18, 2017

Homeowner Program Key Updates  Over 41,000 homeowners have completed and submitted the survey  Over 10,000 surveys completed since last Task Force Meeting (July 14)  21,138 environmental reviews have been completed, representing 94% of the in Phases I – VI  Over 10,000 homeowners have been invited to complete the application and approximately 6,350 have submitted  Over 1,050 scopes of work have been performed, representing 17% of the homeowners that have submitted their application  543 homeowners have received grant award acknowledgements totaling $16 million + August 18, 2017

Rental Programs Neighborhood Landlord Program  Total Program Budget: $45,000,000  Program objective: To provide forgivable loan assistance to landlords to restore their flood-damaged properties and to non-profit developers to develop new rental housing stock in order to restore and create long-term affordable rental housing stock. Assistance is limited to properties with 7 or fewer units.  Eligible applicants:  For-profit landlords who owned flood-damaged rental properties at the time of the floods  Non-profit developers  Public Housing Authorities August 18, 2017

Rental Programs Neighborhood Landlord Program  Application deadline extended to August 16.  Have attended 21 outreach events throughout the state reaching over 1,800 citizens. 18 contingent commitment letters mailed totaling $8.4M .   Based on applications received to date, inbound calls, and applications with lenders, there is a recommendation to extend the deadline to September 30th. August 18, 2017

Rental Programs Neighborhood Landlord Program: Applications by Parish Amount # of Parish # of units requested applications Ascension $1,500,000 1 12 Bienville $1,000,000 2 12 Caddo $3,000,000 6 33 Calcasieu $25,000 1 1 East Baton Rouge $7,970,187 31 105 Evangeline $3,225,000 5 21 Iberia $115,000 1 1 Jefferson Davis $250,000 1 2 Lafayette $2,125,000 3 15 Lincoln $1,875,000 2 14 Livingston $563,141 2 7 Ouachita $8,133,199 15 76 St. Landry $1,750,000.00 4 21 Webster $2,000,000 4 24 Grand Total $33,531,5267 78 344 August 18, 2017

Parish Amount Requested Number of Units Number of Applications Ascension $1,500,000.00 12 1 Bienville $1,000,000.00 12 2 Caddo $3,000,000.00 33 6 Calcasieu $25,000.00 1 1 East Baton Rouge $7,970,186.91 105 31 Evangeline $3,225,000.00 21 5 Iberia $115,000.00 1 1 Jefferson Davis $250,000.00 2 1 Lafayette $2,125,000.00 15 3 Lincoln $1,875,000.00 14 2 Livingston $563,141.00 7 2 Ouachita $8,133,199.00 76 15 St. Landry $1,750,000.00 21 4 Webster $2,000,000.00 24 4 Grand Total $33,531,526.91 344 78

Rental Programs Multifamily Restoration Loan Fund  Total Program Budget: $49,163,422  Program objective: To provide loan assistance to developers of properties with 20 or more units to restore their flood-damaged units in order to restore and create long-term affordable rental housing stock.  Eligible applicants:  Developers with existing affordable or mixed income properties  Developers with market-rate properties willing to convert at least 51% of their units to affordable housing for LMI families  Public Housing Authorities August 18, 2017

Rental Programs Multifamily Restoration Loan Fund  Application deadline extended to August 31.  10 out of 13 applicants were notified on June 23 of their conditional award status.  Conditional awards total $9.1M, and will result in 594 units, or an average cost of $15,320 per unit. Based on an estimate of 4 people per unit, approximately 2,300 people would be served. August 18, 2017

Rental Programs Rapid Rehousing and Permanent Supportive Housing  Total Program Budget: $24,000,000  Program objective: To provide rental assistance and wrap-around services to vulnerable low and very-low income renters in order to prevent homelessness.  Eligible applicants:  Vulnerable low to moderate income renters who were displaced by the floods  Participants in Permanent Supportive Housing must also be disabled August 18, 2017

Rental Programs Rapid Rehousing  7 former TSA households remain in hotels as of August 14 with all engaged in Rapid Rehousing process.  82 households are in the housing search process.  152 households have been placed in rental units through the program so far.  Working with LDH/DCM to exit renter households from MHUs to Rapid Rehousing – will host more leasing fairs.  On track to serve 600 households by program conclusion. August 18, 2017

Rental Programs Permanent Supportive Housing  As participants enter the Rapid Rehousing Program they are being vetted for PSH services.  PSH services have been authorized for the remaining hotel population.  The Louisiana Housing Authority is still pursuing the expansion of Project-Based Vouchers statewide, allowing households to move from RRH as a bridge into Project-Based Voucher units that are not time-limited.  Projected to serve 30-40 additional households by late-August. August 18, 2017

Economic Development Programs Small Business Loan Program  Total Program Budget: $51,200,000  Program objective: To provide partially forgivable loan assistance to small businesses for eligible non-construction unmet needs to help in their long-term recovery from the Great Floods of 2016.  Eligible applicants are small businesses who:  Have 50 or fewer employees and a minimum annual gross revenue of $25,000  Experienced either a physical or financial loss as a result of the flood events August 18, 2017

Small Business Loan Program Program Update  Applications are now open to all types of eligible businesses .  As of August 11th:  Approximately 1480 inquiries by business owners  130 applications received, currently pending  56 completed applications  OCD anticipates loan approvals being issued in the coming week.  Surveys were sent out to area businesses three weeks ago. As of Aug 14 th , there have been 591 responses.  Businesses that responded to the survey and indicated that they need financial assistance are being contacted by one of approved lenders to pursue an application.  More than 80% of those businesses indicated they are in need of financial assistance. August 18, 2017

Small Business Loan Program Continuing Lender Outreach Efforts: News/radio/print/billboard/social media • >10 satellite offices • Events at universities, chambers of commerce, libraries • and community groups. Direct communications with known affected businesses • and business associations Participation in Homeowner events and open-houses • Recent OCD Efforts: Contacted chambers of commerce, LMA, Emergency • Business Operations Center, and elected officials in the affected area with program info and to ask for their assistance. Working with Zehnder Communications to initiate a state- • run online media campaign for the program. Recently met with the LA Bankers Association to discuss • the program. We are currently reviewing their recommendations on how we can improve the program, and will adjust program guidelines as needed. August 18, 2017

Economic Development Programs Louisiana Farm Recovery Grant Program  Total Program Budget: $10,000,000  Program objective: Provide grant assistance to farmers to help them in their long-term recovery from the Great Floods of 2016.  Eligible applicants:  Farmers who experienced crop and/or livestock losses in either the March or August flood events. August 18, 2017

Louisiana Farm Recovery Grant Program Program Update • Informational meetings were conducted across Louisiana from July 13-August 1. Over 340 farmers attended the meetings. • There have been 81 applications submitted and 135 applications are pending/not submitted. Additional Sources of Outreach: • Press Releases-Louisiana Radio Network, Louisiana Ag News Network and web and social media sites • Farm Bureau • LDAF Website • LSU and Southern Ag Centers • Farm Service Agents • Insurance Companies/Agencies • Newspapers August 18, 2017

Louisiana Farm Recovery Grant Program Program Timeline Start End Outreach Outreach to applicants 7/10/2017 8/30/2017 Intake & Processing Application intake period 7/26/2017 8/30/2017 Process applications for eligibility and award amount 7/26/2017 12/8/2017 Notification of award amounts to applicants 12/11/2017 12/22/2017 Funds Disbursement Closing and Transmission of Funds to Awardees 1/8/2018 2/2/2018 August 18, 2017