MSHDA Funding Window Open, Sept 14-25

MSHDA’s Office of Community Development (OCD) has released its 2009 Housing Resource Fund (HRF) Summary in support of Michigan’s local housing initiatives. The HRF Summary discusses the objectives of the Housing Resource Fund, applicant eligibility and program offerings.

As a reminder, the funding windows for Housing Resource Fund applications are:
Window 1 March 23 – April 3, 2009
Window 2 September 14 – 25, 2009

Revisions and deletions are set forth in the 2009 HRF Summary. Briefly, the significant changes are:
• OCD Staff lists and map
• Homebuyer Quickfinder
• Homebuyer – Closing Costs and Other Fee Chart
• Homeowner section
• Small Scale Rental Development – the moratorium has been removed. Review this section with regard to projects of 1 to 24 units of affordable multifamily rental housing to be owned, developed or sponsored by community based nonprofit organizations.
• Rental Rehabilitation section and Quickfinder
• Administration section
• Income Limits
• HOME Program Rent Limits
• Section 203B Loans, Maximum Mortgage Limits
• Complementary Revitalization Programs and Targeted Areas


For the complete guidance document:
http://www.michigan.gov/documents/mshda_2005_HRF_Master_114626_7.pdf

Neighborhood Stabilization Applications Due July 17

The U.S. Department of Housing and Urban Development (HUD) established The Neighborhood Stabilization Program (NSP) for the purpose of stabilizing communities through the purchase and redevelopment of foreclosed and abandoned homes and residential properties. NSP1 provides grants to all states and selected local governments on a formula basis. NSP2, funded by the Recovery Act, provides competitive grants to states, local governments, nonprofits and a consortium of nonprofit entities. The Recovery Act also allocates $50 million for Neighborhood Stabilization Program Technical Assistance (NSP-TA) grants to national and local technical assistance providers to support recipients of NSP grants.

Grant Information:
NSP2: HUD will allocate NSP2 Recovery Act funds on a competitive basis. Eligible grantees include states, units of general local government, nonprofit entities, and consortia of nonprofit entities. Any lead applicant may submit a proposal in partnership with one or more for-profit organization. HUD will narrow the field of qualified geographies based on a calculation of need.
NSP-TA: Of the $50 million in competitive NSP-TA grants for technical assistance to HUD development program grantees, $11.5 million is available for local TA activities and the remaining $38.5 million is available for national and regional TA activities. Eligible entities are states, units of general local government, non-profit entities, for-profit entities, and a consortium of organizations. HUD will select NSP-TA providers on the basis of capacity and experience in: 1) undertaking the eligible TA activities;
2) the ability to manage and expend the requested level of funds within the three-year performance period; and
3) leveraging resources by using existing materials and limiting duplicative efforts. Activities eligible for funding must address the following TA priorities for HUD's community development programs grantees and sub recipients:
Designing and implementing NSP activities,
Building capacity,
Developing strategies to serve low-income households,
Adopting green development principles,
Improving performance and reporting techniques on NSP activities,
Developing and delivering Disaster Recovery Grant Reporting (DRGR) system training.