Task Force Meeting July 13, 2018
Agenda Program Updates Homeowner Program Rental Programs FEMA PA Match Program Economic Development Programs July 13, 2018
Restoring Louisiana July 13, 2018
Progress Throughout the Pipeline 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - Applications Scopes of work Final Determination Submitted Completed 90% of Applicants Have Reached a Final Determination July 13, 2018
July 20 th Survey Deadline Robust outreach campaign Targeted those homeowners most likely to be eligible for assistance with mail, calls, texts, and email Average submission of 300 surveys per week July 13, 2018
Outreach Activities to Date July 13, 2018
Gov. Edwards Continues to Work on SBA Duplication of Benefits Fix Sent letter on April 3, 2018 requesting HUD provide a final interpretation of the language related to the federal Duplication of Benefits (DOB) penalty included in the Bipartisan Budget Act of 2018 Awaiting release of the new guidance from HUD Our take: Congress clearly intended to modify the current approach of federal agencies, including HUD, of counting all approved SBA loan amounts as a duplication of benefits against homeowners impacted by disasters Ongoing actions: The Congressional delegation has been working to include language to fix the SBA Duplication problem in an appropriation bill, so we’re watching the legislative process very carefully July 13, 2018
Rental Programs Neighborhood Landlord Program 73 contingent commitment letters mailed totaling $34.7M for 320 units. Two units have been completed and are occupied, and ten units are currently under construction. All other projects expected to break ground Mid-August. Multifamily Restoration Loan Fund Two Rehabilitation loans have closed ($2.3M) Three loans are pending a closing date ($3.3M), and all other projects are awaiting HUD release of funds. All loans to be closed by end of August. All rehabilitation to be completed by end of March 2019. July 13, 2018
Rental Programs Piggyback Program Total Target Total Development Adjusted TDC Project Name CDBG Determined Parish Units Population Cost per unit Valencia Park of Spanish Town $5,723,931 East Baton Rouge 122 Veterans $21,006,594 $170,220 Cypress at Gardere Affordable Senior Housing $3,845,000 East Baton Rouge 99 Elderly $18,565,353 $153,701 Sherwood Oaks $5,989,634 East Baton Rouge 248 Special Needs $27,689,328 $110,441 Progress Park $2,638,736 East Baton Rouge 48 Elderly $5,537,226 $101,147 Cypress Pointe RAD $4,579,878 Washington 112 Family $14,868,818 $131,195 Hollywood Acres $3,366,146 East Baton Rouge 45 Elderly $7,452,283 $165,606 Hammond Eastside $3,090,829 Tangipahoa 28 Veterans $4,904,059 $127,046 Ardenwood Mixed ‐ Income MF Apartments $4,570,309 East Baton Rouge 168 Family $26,420,079 $132,441 Totals $33,804,463 870 $126,443,740 July 13, 2018
Rental Programs Rapid Rehousing 182 households are in the housing search process. 631 households have leased housing. 102 households have completed the program. Permanent Supportive Housing 139 households are receiving services. July 13, 2018
FEMA PA Match Program Non-Federal Cost Share Program Participation Forms include 1,753 opted-in projects. According to the Participation Forms, of the 1,753 opted-in projects, 259 are still unobligated or not yet approved by FEMA, totaling $36,736,063. The FEMA projection as of June 6, 2018 is still under the current allocation of $105,000,000 at $100,752,191. Until those projects are approved and funds obligated we cannot know the final numbers. Program is awaiting HUD Guidance on small project (under $121,800) support documentation requirements. July 13, 2018
FEMA PA Match Non-Federal Cost Share Program FEMA Approval and OCD-DRU Disbursement Status Total Projected FEMA Approved OCD ‐ DRU CDBG ‐ DR Disbursed Awaiting Request for Processed Reimbursement from Grantee Number of 2194 1898 26 25 1 PW's: Amount: $101,300,000.00 $84,356,843.00 $15,905,779.44 $15,877,749.71 $28,029.73 Projects by CDBG-DR Activity Type Amount of CDBG ‐ DR # of CDBG ‐ DR CDBG ‐ DR Projects CDBG ‐ DR Amount CDBG Eligible Activity Projects Projects Approved Approved Debris Removal (FEMA Cat A) $10,663,949.54 104 $0.00 Public Services (FEMA Cat B) $44,838,949.86 641 26 $15,905,779.44 Public Facilities (FEMA Cat C ‐ G) $28,853,943.60 1153 $0.00 Grand Total $84,356,843.00 1898 26 $15,905,779.44 Participation Form Outreach Results Applicants PWs Total OCD ‐ DRU Match Amount FEMA Approved 1530 $78,841,627.27 Responses Received 324 1753 $118,789,849.72 July 13, 2018
Economic Development Small Business Loan Program 218 loans approved $26.1M disbursed Estimated $11.1M in loans in the pipeline August 31 st deadline for lenders to complete all underwriting. After August 31 st , the lenders will close on loans and disburse funds to businesses. Louisiana Farm Recovery Grant Program 957 Awards Closed $9,450,023 disbursed to date All remaining awards will be disbursed by July 31 st First Responders Public Service Program The Action Plan Amendment (APA) is under review with HUD. July 13, 2018
Resolution: Reimbursement Program Expansion 50% 100% Proposing increase from 50% to 100% reimbursement for all eligible homeowners Will provide much-needed additional assistance to thousands of homeowners who are still recovering This program change would result in an additional $110 million of reimbursement grant funds being available to more than 10,000 eligible homeowners With the survey deadline nearing, the program has a more comprehensive understanding of the needs of flood-affected homeowners across the state July 13, 2018
Total Program Budget: $1.331 B Description Current / Obligated Estimated Add’l. Total 12,800 3,074 15,874 Grant Awards $344.3M $82.9M $427.2M Environmental and PD $86.1M $20.7 $106.8M TOTAL $430.4M $103.6M $534M Description Population Award Budget Total with with Increase Increase Increases Award (Award + PD) Increase Increase Reimbursement to 10,230 $110M $115M $649M 100 % Increase Reimbursement to 100 % 12,586 $471M $552.5M $1.20 Billion & SBA Removed as DOB July 13, 2018
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