HomeMy WebLinkAbout10-22-2015 Housing and Community Development CommissionAgenda
Housing & Community Development
Commission
Thursday, October 22, 2015
6:30 P.M.
Senior Center, Room 202
Please use the Washington Street entrance —
all other entrances will be locked.
28 S. Linn Street, Iowa City
1) Call meeting to order
2) Approval of the September 17, 2015 minutes
3) Public comment of items not on the agenda
4) Staff/commission comment
5) Discussion Regarding Community Development Block Grant (CDBG)
Requests
Develop CDBG Budget Recommendation to Council
6) Discussion of Southgate Development Services' CDBG application
for the rehabilitation of the Walden Ridge Townhomes and support
for a Iowa Workforce Housing Tax Credit Application
Develop Recommendation to City Council
7) Discussion of scoring criteria and application form for CDBG and
HOME grant applications
8) Adjournment
MINUTES PRELIMINARY
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
SEPTEMBER 17, 2015 — 6:30 PM
HELLING CONFERENCE ROOM, CITY HALL
MEMBERS PRESENT: Peter Byler, Michelle Bacon Curry, Jim Jacobson, Bob Lamkins,
Dorothy Persson, Emily Seiple, Mark Signs
MEMBERS ABSENT: Syndy Conger, Angel Taylor
STAFF PRESENT: Kris Ackerson, Tracy Hightshoe
OTHERS PRESENT: None
By a vote of 7-0 the Commission recommends approval of the FY15 Consolidated Annual
Performance Evaluation Report (CAPER).
CALL TO ORDER:
Hightshoe called the meeting to order at 6:30 PM.
NOMINATE AND ELECT OFFICERS:
Persson nominated Byler for chair. Jacobson seconded the nomination. A vote was taken and
the nomination carried 7-0. Byler assumed duties of commission chair.
Lamkins nominated Jacobson for vice chair. Persson seconded the nomination. A vote was
taken and the nomination carried 7-0.
APPROVAL OF JUNE 18, 2015 MINUTES:
Persson questioned the vote and unanimous approval of amendment #2 stating she agreed with
the staff recommendation. Hightshoe noted the vote was unanimous, but Persson's concerns
were noted in the minutes and shared with the memo that went to City Council.
Persson moved to approve the minutes of June 18, 2015. Lamkins seconded the motion.
A vote was taken and the motion carried 7-0.
Hightshoe explained to the new members that legal prefers that unless there is a conflict of
interest that members do not abstain from votes, even if a member missed a meeting.
PUBLIC COMMENT:
None.
STAFF/COMMISSION COMMENT:
Hightshoe noted that City Council approved The Housing Fellowship's request for the full award
Housing and Community Development Commission
September 17, 2015
Page 2 of 6
of $150,000 to acquire two properties. The Housing Fellowship was able to secure a purchase
offer for the second property before the item went before Council. Staff's recommendation was
to approve The Housing Fellowship for both properties because they secured needed purchase
agreements in areas that do not have affordable (subsidized) housing sites (Abbey St. and N.
Dubuque), the organization has the capacity to administer HOME fund, and they are a HOME
certified CHDO. The memo to City Council noted HCDC's concerns about a non-competitive
allocation process and their request to fund one property and reallocate the remainder. City
Council approved the full request and The Housing Fellowship acquired both properties.
Hightshoe also noted they have three new commission members and asked if the time of the
meeting works for all, or if they wanted to change it. The Commission decided to keep the
meeting time at 6:30.
Ackerson said they are opening another funding round for CDBG. There is $200,000 available
and a press release will go out for that tomorrow. It is live on the website now. Applicants are
encouraged to apply for at least $50,000. Staff will email all the applicants that have applied in
the past three years to let them know these funds are available as well as sending out the
typical press releases. Applications are due Thursday, October 8. HCDC meets October 15
where funding recommendations will be made. If that is not enough time it can be done at the
October 22 meeting. Hightshoe said the money became available because Community Mental
Health sold their facility less than five years after using CDBG funds on the site. Additionally
Extend the Dream Foundation sold their property and the funds returned. These funds can be
used for anything except public services because public services have already been allocated
up to the cap. Hightshoe explained there is an additional $47,000 but Staff needs to hold those
funds in case program income is lower than expected.
Byler noted that on October 5 there is a roundtable discussion on affordable housing hosted by
the Human Rights Commission at the Iowa City Public Library at 6:00 p.m.
Byler also stated that while this Commission focuses on housing and funding, it is in their
purview to discuss employment. The Council will discuss the minimum wage issue at their next
meeting. He asked if the Commission would want to draft a memo of support. Hightshoe noted
that a formal memo would have to go on the next HCDC agenda but as individuals the members
can contact Council.
Byler asked Staff about the Riverfront Crossings inclusionary zoning policy. Hightshoe replied
that Development Services staff is drafting the zoning ordinance at Council's direction. Byler
questioned if a member of Development Services could come to a Commission meeting and
present. Hightshoe said that would be possible.
PUBLIC MEETING & APPROVAL OF THE FY15 CONSOLIDATED ANNUAL
PERFORMANCE & EVALUATION REPORT (CAPER) — ONLINE AT
www.icqov.org/actionplan:
Hightshoe noted that this report is required by HUD and must be submitted within 90 days of the
end of the City's fiscal year, so it's due September 30. The report highlights how the City has
used their federal funds. Hightshoe noted there are two key tables in the report: the summary of
CDBG projects and HOME assisted projects. It identifies the project, how much was spent in the
fiscal year, beneficiaries served and leveraged funds. As a reminder beneficiary and leverage
information is only provided when the project is completed so as to not double count
accomplishments during the 5-year plan.
Housing and Community Development Commission
September 17, 2015
Page 3 of 6
Signs observed that priority #3 speaks to increasing wages and economic self-sufficiency
around the housing issue. There was some mention of federal funds that we don't access as a
community and questioned what those funds do. He commented that the down payment
assistance was small and is there opportunity for more. Down payments are often the limitation
for folks in purchasing a home. Signs noted that under the Fair Housing Impediments they talk
about the need for inclusionary zoning, which was clearly laid out in the plan. He also noted that
assistance with the acquisition of land is an important issue for him, it all starts with land and
hopes the City can help with that. He would encourage that the affordable housing model be
reviewed again. He also pointed out some typos in the report, on page 33 the last line on item
#4 the word to should be two ("to rehab two affordable units"). He then noted on page 11 there
is a reference to City Staff meeting with the Greater Iowa Apartment Association that should be
Greater Iowa City Apartment Association.
Signs also wondered if we are leveraging enough, are our funds being used enough to leverage
otherfunds.
Byler asked about the treating of housing choice vouchers as a protected class and how that
can be enforced without asking landlords to lower the market rent. Hightshoe said we can't
make landlords charge lower rent, however the proposed ordinance wouldn't allow landlords to
advertise "Section 8 not accepted." The ordinance would make landlords use the same criteria
when accepting tenants. They can't accept someone who has a voucher simply based on the
voucher alone. That being said landlords can deny a tenant based on items such as credit
score, bad references, prior evictions, lack of security deposit, etc. Hightshoe stated the
proposed changes will not affect our voucher utilization rate, which is already high. Staff
believed it was the right thing to do. The Human Rights Commission recommended this addition
and staff will present the recommendation to City Council for approval sometime this fall.
Byler asked about the #2 Impediment which states, "The Affordable Housing Location Model is
a well -constructed effort to disperse certain types of assisted housing; however the model may
significantly reduce the parcels of land where new assisted rental housing may be built or
acquired." The recommendation is, "For projects that require compliance with the Affordable
Housing Location Model, the City should provide land and locations permitted by this model at
prices comparable to land at locations not permitted by this model. Alternatively, the City could
provide cash supplements from non-CDBG/HOME sources that offset land cost differentials to
such projects." Byler feels that is 100% unrealistic, the City doesn't have a pile of money to
assist with this.
Staff noted that CDBG funds are made available to help meet the gap of lot prices so homes
can be built or acquired. The Affordable Housing Location Model is intended to prevent all
affordable housing being built in one area or section of town. Many times lots in other parts of
town will be more expensive. City Council did review the importance of scattering affordable
housing with the outcome that possibly less housing may be built/acquired. The #2 Impediment
is just a recommendation that the City should try to do more and find additional funds for this
purpose.
Jacobson asked if there was a way to provide local tax credits as a subsidy method as opposed
to direct funds. Hightshoe said that the affordable housing providers in Iowa City are already tax
exempt. Byler said he spoke with the City Manager and he stated that if a developer did a mixed
income development the City would be amendable to consider a TIF on the market rate units to
help with the affordable units.
Byler's last comment on the report was in the tables where it talked about economic
Housing and Community Development Commission
September 17, 2015
Page 4 of 6
development. The numbers are very small. He noted that when improvement projects are noted
in the paper, the amounts can be deceiving so staff need to convey what the City actually
contributed, not just the whole project cost.
Bacon Curry asked about the goal for five new units of rental housing annually and goals of
construction of new rental housing, and were these goals met. Hightshoe said those numbers
were based on the five year plan, and the City exceed the goals.
The commission discussed the lack of affordable housing and the hope that inclusionary zoning
will aid in getting more units into the community. There is a shortage of one -bedroom units in
the City as well so elderly clients of affordable housing have to use their vouchers on two -
bedroom units and pay more in rent than needed.
Jacobson moved to approve the FY15 Consolidated Annual Performance Evaluation
Report (CAPER). Lamkins seconded the motion. A vote was taken and the motion passed
7-0.
TENTATIVE SCHEDULE OF PROJECT MONITORING VISITS IN FY16:
Staff will invite entities to HCDC meetings to discuss the status of their projects:
• November 19
The Housing Fellowship
o FY15 Acquisitions on Dubuque Road and Abbey Lane
o FY15 Rehab of Keokuk Court and Hawaii Court
o FY16 CH DO Operating
Systems Unlimited
o FY16 Acquisition of three SRO units
Mayor's Youth
o FY16 Acquisitions on Shamrock Drive and Elmridge Avenue
• February 18
Habitat for Humanity
o FY15 Property acquisition and construction for two homes on Prairie Du Chien
Road
CHARM Homes
o FY16 Acquisition of eight single -room -occupancy (SRO) units
Shelter House
o FY15 Rapid Rehousing Program
• March 17
Neighborhood Centers of Johnson County
o FY16 Daycare operations (Aid to Agencies)
o FY16 Broadway Neighborhood Center Rehab
Domestic Violence Intervention Program
o FY16 Shelter operations (Aid to Agencies)
o FY16 Facility rehab
Crisis Center
o FY16 Emergency Assistance Program
Byler also said it is nice to tour the entities and welcomes Commission members to visit the
entities. Hightshoe said the March 17 visits will be moved to April. Also the Commission
members are welcome to tour the entities but cautions against groups larger than four as that
represents a quorum. Public meeting rules must be following if over four members. Staff can
assist with coordination.
Housing and Community Development Commission
September 17, 2015
Page 5 of 6
DISCUSSION AND RECOMMENDATION REGARDING WALDEN RIDGE PROPOSAL BY
SOUTHGATE DEVELOPMENT SERVICES:
Southgate Development Services requests to pay off their CDBG loan for the Wetherby Condos
South L.L.C. project and have these funds applied to the rehabilitation of units on Sylvan Glen
Court (Walden Ridge Townhomes) and requests City support for a Iowa Workforce Housing
Credit application.
Hightshoe explained that back in fiscal year 2011 there was windfall program income due to a
low-income housing tax credit project. So in 2011 the City allocated $900,000 to the Broadway
Wetherby Condos. $300,000 was a grant and $600,000 was a loan to be repaid. Southgate
rehabbed the whole complex and only one unit is currently vacant. Southgate also owns
apartments on Sylvan Glen Court (Walden Ridge Townhomes) and proposes paying back the
$600,000 loan they received early if it will be reallocated to the Walden Ridge rehab project.
They are requesting it as a grant. Staff is asking the Commission if they support the request for
further review and consideration. As with any housing project, staff would analyze the proforma
and make financing recommendations that may not be what the applicant requested. It is likely
after review, staff will recommend financing terms that include loan repayment.
Jacobson noted that this area is in the red zone so no more rental units could be acquired.
Southgate could rehab the 45 units they already have with the money. They would have to use
private funding to acquire and rehab the other units.
There was discussion on when Southgate was to originally pay back the $600,000 they owe and
why the City would be willing to grant them that money. Hightshoe said Southgate would have
to start making repayments in 2018 on the $600,000. Persson noted it is in the City's interest to
improve the Walden Ridge Townhome area to make those affordable houses attractive to the
neighborhood.
Signs noted he is working with a client that has been in conversations with Southgate about this
property. Hightshoe said Signs should recuse himself from the conversation and not vote on this
item.
The commission discussed how long the units would have to stay affordable if the money was
given by the City. Hightshoe said following the HOME guidelines it would be at least 10 years.
By a vote of 6-0-1 (Signs abstaining) the Commission recommends support of an application by
Southgate to repay their existing CDBG loan and apply it to the renovation of Walden Ridge
Townhomes subject to an application and staff review of the financial terms requested. These
items to be reviewed at their October HCDC meeting.
Lamkins departed the meeting.
ADJOURNMENT:
Jacobson moved to adjourn. Bacon Curry seconded the motion. A vote was taken and
motion carried 6-0.
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
ATTENDANCE RECORD
NAME
TERM EXP.
11/20/14
1/15/15
2/19/15
3/12/15
4/16/15
6/18/15
9/17/15
BACON CURRY, MICHELLE
9/1/2016
O/E
X
X
X
O/E
X
X
LAMKINS, BOB
9/1/2016
---
---
X
X
X
O/E
X
PERSSON, DOTTIE
9/1/2016
X
X
X
X
X
X
X
BYLER, PETER
9/1/2017
X
X
X
X
X
X
X
JACOBSON, JIM
9/1/2017
X
X
X
X
X
O/E
X
TAYLOR, ANGEL
9/1/2017
X
O/E
X
O
X
X
O
CONGER, SYDNY
9/1/2018
---
---
---
---
---
---
O/E
SEIPLE, EMILY
9/1/2018
---
---
---
---
---
---
X
SIGNS, MARK
9/1/2018
---
---
---
---
---
---
X
Key:
X
= Present
O
= Absent
O/E
= Absent/Excused
= Vacant
Housing
Project Name: Affordable Rental Rehabilitation
Type of Project (check onef 0 Homeownership 0 Rental 0 Tenant Based Rent Asst. ✓ Rehabilitation
(Rental and Rental Rehabilitation projects require the completion of rental housing pro forma)
1. Lead Applicant Name: The Housing Fellowship
Applicant Address: 322 E. 2nd Street
Contact Person and Title: Maryann Dennis, Executive Director
Phone Number: 319-358-9212
E-mail Address: mdennis@housingfellowship.com
2. Lead Applicant DUNS Number: 964658236
3. Secondary Applicant (if applicable):
Applicant Address:
Contact Person and Title:
Phone Number:
E-mail Address:
4. Type of Applicant (check one).
✓ Community Housing Development Organization
0 Private for -profit, individual or partnership applicant
5. Amount of CDBG Funds Requested: $ 49,998.00
0 Private non-profit organization
0 Public Organization
6. Provide a brief description of the proposed project & complete the table below.
Funds will be used to rehabilitate two affordable rental properties owned by The Housing Fellowship since 1996; two
single family, three bedroom homes at 1017 Dover Street and 2600 Wayne Avenue. Both properties are occupied by low-
income families.
Description of rehab: 1017 Dover (built in 1965) — windows, kitchen and baths re -model, flooring, HVAC.
2600 Wayne (built in 1958) — bath and kitchen re -model, HVAC, water heater, carpet
The rehab (i.e. preservation) of existing affordable rental homes is a high priority in the City STEPS plan. The Housing
Fellowship has the capacity to carry out the project and budget projections are reasonable.
Type of Units:
Total Number of Units Proposed:
Single Room Occupancy
Efficiency
1 - Bedroom
2 - Bedroom
3 - Bedroom
2
4+ Bedrooms
Housing 2 FY16 Mid -Year CDBG Funding Request
7a. Based on the City of Iowa City HOME Market Analysis Policy for New Rental Construction, Rental Rehab. & Acquisition
of Existing Homes (rental), or New Owner -Occupied Home Construction & Acquisition of Existing Homes (owner -
occupied), please identify the relevant market factors that will assist the City in verifying the demand for the proposed
housing. The HOME Market Analysis Policy may be found at www.icgov.org/actionplan. (If the project is large or
complicated, the City may require a Market Analysis to support the project before entering a legally binding
agreement for funds. This policy is not applicable to projects requesting funds for tenant based rental assistance,
homeowner rehabilitation, downpayment assistance and CHDO operating expenses.)
Rental Prices:
*The Housing Fellowship
Project units as of 2015 —
1017 Dover Street, $620
2600 Wayne Avenue, $923
* THE has an agreement with Iowa City to offer a certain number of properties at rents equal to 30% of the AMI for
family size. The family at 1017 Dover receives reduced rent. The rent at 2600 Wayne is the HOME program
allowable rent.
Vacancy rate (all THE rental units) —
2014 3.4%
2015 (to date) 2.0%
Chanae in rental rates for the last two vears
2013: 1017 Dover = $626 2600 Wayne = $910
2014: 1017 Dover = $596 2600 Wayne = $917
Cook's Area Apartment Survey —
2013 Average rent, three bedroom = $1,016
2011 — Average rent, three bedroom = $ 961
2013 Vacancy rate, three bedroom .9%
2011 Vacancy rate; three bedroom 2.58%
Condition of Building
Yr. Built Purchased by THE Price Amt. Rehab at Purchase Current Assessment
1017 Dover 1965 12/1996 $85,000 $4,159 $128,740
2600 Wayne 1958 12/1996 $76,000 $6,991 $110,060
Other maintenance/rehab has been completed over the years. 2600 Wayne Avenue's foundation was excavated and
re -sealed in 2002. Upon tenant turnover, the property was painted, etc., but no significant rehab/replacement of
major systems has been done.
1017 Dover has been occupied by the same family since February, 1997; maintenance has been done as needed.
New water heater was installed in 2014.
Flooring and appliances fully depreciate after five years for residential rental properties.
7b. How will this project meet the needs identified in the 2011-2015 CITY STEPS (www.icgov.org/actionplan)
The rehabilitation of existing affordable rental units is a high priority in the STEPS plan.
Iowa City is committed to serve the needs of LMI residents. Households with incomes less than 50%
AMI, particularly those with incomes less than 30% AMI, are particular priorities. The City has also
Housing 3 FY16 Mid -Year CDBG Funding Request
identified special needs individuals as among those who should receive high priority in the expenditure
of funds, including at -risk children and youth, low income families, the homeless and persons threatened
with homelessness, the elderly, and persons with disabilities.
Both homes are occupied by families who have a member that is disabled.
The STEPS plan further states; "small families, specifically renters, experience the greatest degree of housing
problems. Existing affordable housing demand exceeds projected demand, and the need for rental units far outpaces
the need for owner units. 48 units originally constructed with Low Income Housing Tax Credit financing were
converted to market -rate apartments (Villa Garden Apts.). There is a relative lack of available vacant housing units
that are affordable and available for purchase and/or rehabilitation for lower income households. More than half of
the privately assisted housing inventory in Iowa City is at risk for conversion to market rate housing. The City of Iowa
City expects to focus its CDBG and HOME entitlement funds towards improving the quality of life in City
neighborhoods for extremely low, very low, and low income households, and to preserve and increase the stock of
affordable owner and renter housing units. With this in mind, the following housing priorities and objectives have
been established: preserve existing affordable housing units. Work with local non -profits that own and operate
privately subsidized housing that is at risk for conversion to market rate units. In many cases, these older affordable
housing units are in need of rehabilitation. Iowa City and other local units of government should establish a
preservation dialogue with the owners of these older properties in an effort to
rehabilitate the units and maintain affordable rents. In many cases, these projects may require an infusion of HOME
financial assistance."
7c. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
(www. icciov. oro/strateoicolan)
Yes. Rehabilitation of existing rental units
8. Please specify the one most applicable priority need and priority need level, as shown in the 2011-2015 CITY STEPS
Plan.
Priority Need:
Rehabilitation of existing rental units HIGH
9. Please provide the requested loan terms and affordability period:
Loan
Affordability
Principal
Interest
Amortization
Period
Yearly
Amount
Rate
(Years)
(Years)
Payment
Terms $49,998
0%
10 (declining
10
$0
Requested*
balance
forgivable)
*Fnancing terms will be based on project feasibility and the ability to repay the loan. Terms approved by City Council
may be different than what is requested.
10a. Please complete the table below showing the types and amounts of funding being requested for the proposed
project. Please check the appropriate box if the funding source is committed. If not committed, please indicate
when the applicant will apply for funds in Question #15, Project Timetable.
Funding Source & Type of
Funds:
Funding
Amount
Interest
Rate
Amortization
Term
Committed?
Iowa City CDBG Funding
$49,998
0
10
10
OYes ✓No
Housing 4 FY16 Mid -Year CDBG Funding Request
(public)
State of Iowa HOME or
CDBG (public)
$
OYes ONo
IFA — Low Income Housing
Tax Credits (public)
$
OYes ONo
Bank Loan (private)
$
OYes ONo
Applicant Contribution of
Equity (private)
$ 15,000
n/a
n/a
n/a
✓Yes ONo
Other Public Resources
(please list)
$
OYes ONo
Other Private Resources
(please list)
$
OYes ONo
TOTAL
$64,998
10b.
loc.
Please provide the uses of funds for the project.
Uses of Funds
Amount
Acquisition:
Building Acquisition
$
Land Acquisition
$
Site Improvements
$
Construction
$64,098
Professional Fees
$
Construction Finance
$
Permanent Finance
$
Developer Fee
$
Reserves
$
Other (please specify):Lead
$ 900
TOTAL (Must equal TOTAL in 10a.)
$64,998
Amount of Private Funds
$
15.000
Amount of Public Funds
$
49.998
Total Project Funding $
64.998
Number of bedrooms
6
Total Cost Per Unit
$
32.499
What percentage of the proposed budget will be made up of private funds?
(a)
(b)
(c) a t b
(d)
(e) c
#Unds
23% %
Housing 5 FY16 Mid -Year CDBG Funding Request
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and estimate the
amount of volunteer time and value dedicated to the identified tasks.
N/A: HOME program requires non -profits to competitively bid the rehab work and award construction contracts.
Unskilled labor
hours x $10
per hour =
$
Skilled labor ( )
hours x $_
per hour =
$
Skilled labor ( )
hours x $_
per hour =
$
Skilled labor ( )
hours x $_
per hour =
$
Total
$
12. Please identify any identity of interest (IOI) relationships with the applicant and/or project owner, i.e. General Partner
has a financial interest in the construction company, etc.
N/A
13. Describe what efforts have been taken to secure private or other public funding.
The Housing Fellowship has secured standing lines of credit from Great Western Bank for private loan funds to be
used for rehab, acquisition, pre -development costs and operations. This structure provides immediate access to loan
funds and the loans are renewed annually. All of the loans have funds available. No other public sources have been
sought.
Both properties are included in a consolidated commercial property loan from Great Western Bank (as indicated on
pro forma).
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested (include
other project factors such as rezoning, construction schedule, or application(s) for other funding). If applicant plans
to apply for funds not committed to the project yet, include the anticipated date for application. Please Note: If
funded, this schedule will be used for any project agreement for the use of CDBG funding.
Date:
Description of Activity:
Dec 1, 2015
Project Start Date
1- 2016
Lead testing
1-2016 — 3-2016
Prepare work list and rehab specifications
4-2016
Advertise for sealed bids and hold bid opening
5-2016
Award rehab contracts
6-2016
Begin rehab
9-2016
Project Close -Out
15. Briefly describe the project goals for providing or assisting in the preservation or expansion of affordable housing in
Iowa City, and how the project will benefit the targeted income group (e.g. goal of providing rental housing to lower
income persons without use of Section 8 rental assistance or level of subsidized rent compared to market rates).
Housing 6 FY16 Mid -Year CDBG Funding Request
The project will assure the preservation of existing affordable rental housing in Iowa City owned by a
Community Housing Development Organization. THF's objective is to provide families with decent, affordable and
stable housing. Even though all funding covenants and restrictions have been released on the project properties, THE
has continued to offer the homes at rents that meet prior funding agreements. The rents at the project properties
are significantly lower than current market rate rental homes and are affordable to the occupants.
The incomes of the occupied project homes are below 50% AMI. The family at 1017 Diana Street has been there
since June 1997; 446 Hawaii since 2010. Both families have a member who is disabled.
The properties were acquired by THE in 1996. THE completed minimal rehabilitation (as needed) at purchase, but
after 19 years, the homes are in need of rehabilitation. When City HOME funds were invested in the properties, it
was not allowed for the HOME funds recipient to budget for repairs or capital improvements. THE has since budgeted
for capital improvements with cash flow and loans from other funders. Funding for significant rehab will help a great
deal to preserve the homes.
16. To help promote the efficient use of federal, state and local funding please describe how the project will maintain long-
term (in excess of CDBG program requirements) or permanent affordability; and, show how the project will provide for
affordable housing at rental rates or purchase price for owner -occupied housing units lower than those in the existing
market.
The Housing Fellowship will maintain the properties as permanent affordable rental housing for the life of the
properties. The project provides for affordable rental rates at far below the current rents charged in the Iowa City
rental market. (See 7.a. Market Analysis)
17. Explain why this project needs and is worthy of the requested public subsidy.
This fits with the City STEPS too orioritu of allocating funds; "the following housing priorities and objectives have been
established: preserve existing affordable housing units." The Housing Fellowship has a long history of partnership
with Iowa City and is capable of completing the project on time within the proposed budget.
The tenants have incomes below 50% AMI and both include a family member with a disability.
The Housing Fellowship has grown to be a very well respected non-profit developer and property manager; has
received millions of dollars in public funding toward addressing the severe shortage of affordable rental homes in
Iowa City and surrounding communities. Projects are completed on schedule, within budgets and compliance with all
funding regulations have been maintained throughout the term of affordability.
18. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further subsidy in
the future?
Further subsidy will not be necessary (or allowed) for at least 10 years. The Housing Fellowship has established
replacement/repair reserves which reduce the need for additional subsidies during the required term of affordability.
19. If partial funds are awarded, will the project/program continue? ✓Yes 0 No
If yes, at what level?
The properties will remain as rental properties within The Housing Fellowship's portfolio and rehab items will be
completed on a piecemeal basis; an inefficient way to adequately maintain the properties.
The proposed rehabilitation items include major improvements to the properties and the materials and labor have long
warranties (e. g. windows). The steps implemented by THE to minimize future subsidies include the approved tenant
selection plan, responsible property management and attention to regular, routine repairs. THE has a capital
improvement budget for rental homes and regularly seeks other sources of funding for needed rehabilitation of
properties.
Housing 7 FY16 Mid -Year CDBG Funding Request
Reminder: Rental housing (including acquisition, rental rehab, and new construction)
projects MUST complete and submit the pro forma (excel format) provided by the
City with this application.
Rental housing applications submitted without the City's pro forma will not
be considered.
20. An objective of the City of Iowa City Comprehensive Plan is to promote a diversity of housing types and mix of all
income levels. Please describe the target population this project is to serve and how the project will promote diversity
within the neighborhood.
The target population for this project is households with incomes below 80% AMI, although the occupants' incomes
are below 50% AMI. The properties are modest, decent homes within established, modest neighborhoods. The
properties fit in nicely and are indistinguishable from nearby residences. Locating affordable rental homes in market
rate neighborhoods increases diversity in our neighborhoods.
21. Identify the location of the proposed project.
1017 Dover Street
2600 Wayne Avenue
22. Also, please indicate the number of persons or households that will be served by the proposed project by income
category. (Please Note: If this application is funded, the information in this table will be used as income
targeting for the CDBG Agreement).
Number between 0 - 30% median income
Number between 31 — 50% median income
Number between 51 — 60% median income
Number between 61 - 80% median income
Number over 80% median income
Total
Percent LMI
23. Does the proposed project pay full property taxes? 0 Yes
Iowa City Attorney opined that THE owned homes are tax exempt.
✓ No
households (a)
households (b)
households (c)
_2 households (d)
_0 households (e)
_2 households (f)
_100 (a+b+c+d) + f
If YES, what is the estimated value of taxes generated from this Project? $ N/A
If NO, does the proposed project make a Payment In Lieu Of Taxes or pay at a reduced rate?
OYes ✓No If yes, what is the percent of full taxes paid? %and amount paid is
24. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so, please
explain.
The project properties have been part of THF's rental portfolio for over 19 years. The scattering of affordable rental
homes was innovative when the properties were purchased and scattered site affordable housing has long been an
objective of Iowa City governing bodies and of THF. The partnership between the City and a well -established and
responsible non-profit has been and continues to be somewhat distinctive in our area. Many metro areas in Iowa rely
Housing 8 FY16 Mid -Year CDBG Funding Request
on for -profit housing developers to provide affordable rental housing. For -profit affordable housing developers typically
revert the affordable homes to market rate when affordability terms expire. THE is unique in that the homes will remain
affordable for the life of the property in order to preserve affordable rental housing.
25. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of the
project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount Expended
(as of 10/8/15)
Date All Units Completed
FY13 (July 2012 - June 2013)
$ 19,260
$ 19,260
N/A CHDO Operating
FY14 (July 2013 - June 2014)
$ 91,997
$ 91,997
3/1/2015
FY15 (July 2014 - June 2015)
$165,000
$165,000
The 2 homes will be leased
11/1/2015
FY16 (July 2015 - June 2016)*
1 $316,000
$0
n/a
*Eight months remaining in FY16 at time of this application.
26. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and local laws,
rules and regulations, including any CDBG and/or HOME funded projects? ✓ Yes 0 No
If "NO" or a matter is currently in litigation please provide the name of the case and explain the basis for the case.
27. Please provide a narrative of the education and experience of the key staff who will be implementing the development
project. Staff does not include volunteers, board members and consultants. If utilized, please identify what role a
consultant will play in the development of this project.
Maryann Dennis has been the Executive Director of the Housing Fellowship since January 1993. She has extensive
experience in working with low-income families and the administration of federal and private funding sources. She
oversees all aspects of THF; prepares applications for funding and manages agreements with private lenders, HTFJC,
CDBG, HOME, FHLB contracts and LIHTC partnership agreements. She prepares all correspondence/information
packets for the Board of Trustees and serves on all Trustee Committees. Ms. Dennis is a certified Housing
Development Finance Professional through the National Development Council. She holds a Master of Social Work
Administration and Social Development from the University of Iowa. She serves as ex-officio of the Housing Trust
Fund of Johnson County, and the Vice -Chair of the Johnson County Affordable Homes, and served on the Iowa City ad
hoc work committee for the Riverfront Crossing Inclusionary Housing Ordinance. She is the past member and chair of
the Iowa City Committee on Community Needs (nka Housing and Community Development Commission).
Barbara Bailey was the contracted accountant for over eight years and joined The Housing Fellowship full-time in
February 2007 as the fiscal officer of the Corporation. Ms. Bailey attended the U of I for three years and apprenticed
under a non-profit accountant for over 10 years. She has over 20 years in non-profit accounting. She maintains
financial records, reconciles all accounts, and prepares all financial reports and balance sheets for the Board of
Trustees. She coordinates all information for the annual independent audit of THE and consolidated entities. She
prepares budgets for THE and Limited Partnerships. Ms. Bailey is certified as a Development Finance Professional
through the National Development Council. She is the founder of Iowa City Cohousing and serves on the Riverfront
Crossings District Streetscape Committee.
Tashundra Gathright Compliance Specialist re -joined the staff in May 2008. Ms. Gathright holds a B.A. Degree in
Sociology from the U of I. She served as Office Manager at THE from 2004 — 2005, leaving to be an Income
Maintenance Worker at DHS. Ms. Gathright is the only Certified Credit Compliance Manager4 in Johnson County and
has received extensive training in HOME Compliance from the IA Finance Authority; completes HUD Part 5 income
verification and LIHTC tenant qualifications. Ms. Gathright completes all compliance reports, tracks income
requirements for available units, and compiles program and tenant statistics.
Housing 9 FY16 Mid -Year CDBG Funding Request
Tammy Spies, Project Manager, joined THE staff in September 2003 after serving as Office Manager and Estimator of
Arena Auto Body for over 12 years. She holds an Associate of Arts Degree from Ellsworth Community College in Sales
Management. She has demonstrated excellent skills in property management practices and project management;
lease -ups and renewals and repairs. She has completed compliance training for federal funds sponsored by the Iowa
Department of Economic Development, the Iowa Finance Authority and the Iowa City and Linn County Civil Rights
Commissions.
Tom Costa, Maintenance and Repair, joined THE in October 2013. Mr. Costa has extensive experience in facilities
maintenance and previously was the maintenance supervisor at Walden Place.
28. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
No overhead costs are being requested for this project. Overhead costs are paid for with rental income, grants and
fundraising.
29. Provide a summary of your organization's portfolio. Include how many rental units you own/manage, how many homes
you have built/rehabilitated/sold and what projects are in the pipeline.
THE currently manages 171 affordable rental homes scattered throughout Iowa City and Coralville. THE owns 101 of
the homes.
# New Construction: Rental = 89 (10 sold to ICPHA)
Owner -Occupied = 27
# Rehabbed: Rental = 111
Owner -Occupied = 2
Projects in the pipeline - River Front Crossings District — The Housing Fellowship will purchase and manage three
townhomes in the Sabin project and manage 11 affordable apartments in the Emrico project.
The Housing Fellowship is looking to purchase land to submit a Low -Income Housing Tax Credit application.
Housing 10 FY16 Mid -Year CDBG Funding Request
The Housrg Fellowship
Rental Rehab 10b2015
Proforma Spread Sheet
FY16 Rental Housing Projects
4Aease enter�nlormatnn�nto VWfebs h,ff ,ee4
Line
Description
Symbols
YR1
YR2
YR3
YR4
YR5
YR6
YR7
YRB
YR9
YR10
Revenues
+G. Rent
+0. meorne
+T. Contrubutlnn
$ 18516
$ -
8
$ 18886
$
$
1
Gross Rental Income
$ 19264
$ 19,649
$ 20,042
$ 20,443
$ 20,852
$ 21269
$ 21694
$ 22,128
2
Other Income
$
8
8
$
$
8
8
$
3
Tenant Contributions
$
8
8
$
$
8
8
8
4
Gross Revenues
=G. lno..
$ 18516
$ 18886
$ 19264
$ 19649
$ 20,042
$ 20,443
$ 20,852
$ 21269
$ 21694
$ 22,128
5
Vacancy Loss
V.
$ 926
$ 944
$ 963
$ 982
$ 1002
$ 1022
$ 1043
$ 1063
$ 1085
$ 1,106
(5%Vacnatea cross Im-a
6
Effective Gross Income
EGI
$ 17,590
$ 17,942
$ 18301
$ 18667
$ 19,040
$ 19,421
$ 19809
$ 20,206
$ 20610
$ 21022
Operating Expenses
The total thedealsS
#7-10 shall be no
less than
$2]50Nnd
E qm
$ 780
$ 1,167
1 $ 5,004
$ 900
$ 8]6
$ 803
$ 1202
$ 5,154
$
$ 927
7
Insurance
$ 902
E 929
E 95]
E 986
$ 1016
$ 1046
$ 10]]
$ 1,110
Maintenance &Structural Repairs
$ 828
$ 852
E 8]8
E 904
E 931
$ 959
$ 988
$ 1,018
9
Management Fees
$ 1238
$ 1276
$ 1314
$ 1353
$ 1394
$ 1436
$ 1479
$ 1523
10
Misc. Operating Expenses
$ 5,309
$ 5,468
1 $ 5,632
1 $ 5,801
1 $ 5,975
1 $ 6,154
$ 6,Xa)j
$ 6,529
11
Property Tax
ReseNes(Operating r nve no less than Mann)
8
8
E
E
E
8
8
8
12
$ 955
$ 983
$ 1013
$ 1043
$ 1075
$ 1,107
$ 1,140
$ 1,174
13
Total Operating Expenses
-OPR. Expenses
$ 8, 1r2
$ 8,963
$ 9,232
$ %W9
$ 9,794
$ 10,088
$ 10,390
$ 10,702
$ 11023
$ 11354
14
Net Operating Income
-1401
$ 8,888
$ 8,979
$ 9,%9
$ 9,158
$ 9,246
$ 9,333
$ 9,419
$ 9,503
$ 9,587
$ 9,668
15
Debt SeNlce First Mortgage
$ 6,855
E
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
16
Debt Service Subordinate Mortgage(s)
17
Total Debt Service
_MS
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
18
dash Flow
-CF
$ 2,033
$ 2,124
$ 2,214
$ 2,303
$ 2,391
$ 2,478
$ 2,%4
$ 2,648
$ $732
$ 2,813
18(b)
Equity Investment In Project
E
E
E
E
$
E
E
E
$
19
Cash -on- Cash Rol
CF
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oelxcoverage Ralo(aner 1eer4 swm-ft-man tin
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Equity Ime9-
OCR
130
131
132
1m
135
136
137
139
140
141
The House Fellowship
Renal Rehab 10A- 15
Line
YR2
YR3
YR4
YR5
YR6
YR7
YR8
YR9
YR10
Determining Taxes
20
Cash Flow
CF
2,124.12
$ 2,21407
$ 2,303.13
$ 2,39121
$ 2,478.19
$ 2,5 398
$ 2,64845
$ 2,731 W
$ 2,81300
21
Depreciation Expenses
-DEER
*2W3
E
$
$
8
8
8
$
$
22
Amortization of Fees
au ORT2
E
$
$
$ 900.0o
$
E
8
$
$
23
24
Principal Payments
Reserves
aP
+RESERVES
wow
$ wow
$ wow
$ wow
$ wow
$ wow
$ wow
$ wow
25
Eamings (Loss) Before Taxes
=EBTx
3,024.12
$ 3,11407
$ 3,203.13
$ 3,291 21
$ 3,378.19
$ 3,46398
$ 3,54a 45
$ 3,6 l w
$ 3,71300
26
x Tax Rate 35% or 0%
xRATE
m
0%
0%
0%
0%
0%
0%
0%
0%
0%
27
Tax Incurred Saved
-TAX
$
$
E
E
E
$
E
$
8
$
Cash Flow After Tax
28
Cash Flow
CF
$ 2,033.37
$ 2,124.12
$ 2,21407
$ 2,303.13
$ 2,39121
$ 2,478.19
$ 2,%398
$ 2,64845
$ 2,731 W
$ 2,81300
29
Tax Incurred Tax Saved
-TM (aSAV)
$
8
8
$
E
$
8
$
$
E
30
Cash Flow After Tax
=CFATx
$ 2,033.37
$ 2,124.12
$ 2,21407
$ 2,303.13
$ 2,39121
$ 2,478.19
$ 2,5398
$ 2,64845
$ 2,73150
1 $ 2,81300
Line
Total Benefit Analysis
31
Cash Flow After Tax
CFATx
$ 2,03337
$ 2,124.12
$ 2,21407
$ 2,303.13
$ 2,391 21
$ 2,478.19
$ 2,5 398
$ 2,6 B 45
$ 2,731 W
$ 2,81300
32
Rehabilitation Tax Credit
.RTC
8
8
$
$
$
8
$
$
$
33
Low Income Housing Tax Credit
.ueTe
$
$
$
$
$
8
$
$
$
34
I Net Sale Proceeds
aNSP
E
E
8
8
E
1 $
8
8
8
$
35
Total Benefits After Tax NCFAT
=NCFATx
$ 2,03337
$ 2,124.12
$ 2,21407
$ 2,303.13
$ 2,39121
$ 2,478.19
$ 2,5 398
$ 2,6 B45
$ 2,731 W
$ 2,81300
36
Retum on Investment
ROI
#DIVl01
#DIVl01
#DIVI01
ttolwol
ttolwol
ttolwol
ttolwol
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#DIVl01
#DIVl01
TM Housr Fellowship
Renal Rehab 1MA 15
YR11
YR12
YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Revenues
$ 22,571
$ 23,022
$ 23,483
$ 23,952
$ 24,431
$ 24,920
$ 25,419
$ 25927
$ 26,445
$ 26974
1
Gross Rental Income
E
$
8
$
E
E
$
$
$
8
2
Other Income
S
$
8
E
8
8
E
E
8
8
3
Tenant Contributions
$ 22,571
$ 23,022
$ 23,483
$ 23952
$ 24,431
$ 24,920
$ 25,419
$ 25927
$ 26,44
$ 26974
4
Gross Revenues
$ 1,129
$ 1,151
$ 1,174
$ 1,198
$ 1222
$ 1246
$ 1271
$ 1296
$ 1322
$ 1349
5
Vacancy Loss
(5%vac. Rates crass 1-)
$ 21442
$ 21871
$ 22,309
$ 2J7
$ 23210
$ 23674
$ 24,148
$ 24,631
$ 25,123
$ 25626
6
Effective Gross Income
Operating Expenses
$ 1,143
$ 1,177
$ 1,213
$ 1,249
$ 1,286
$ 1,325
$ 1,365
$ 1,406
$ 1,448
$ 1,491
7
Insurance
$ 1948
$ 1980
$ 1,112
$ 1,145
$ 1,180
$ 1,215
$ 1252
$ 1,289
$ 1328
$ 1368
8
Maintenance & Structural Repairs
$ 1 %9
$ 1,616
$ 1664
$ 1,714
$ 1,766
$ 1819
$ 1,873
$ 1,929
$ 1,967
$ 2,047
9
Management Fees
$ 6,725
$ 6,927
1 $ 7,135
1 $ 7,349
$ 7,%9
1 $ 7,796
$ 8,030
$ 8,271
$ 8,519
1 $ 8,A5
10
Misc. Operating Expenses
8
8
8
8
8
8
8
8
8
E
11
Property Taxes
$ 1,210
$ 1,246
$ 1,283
$ 1,322
$ 1,361
E 1,402
$ 1,444
$ 1,488
$ 1,532
$ 1,578
12
Reserves
$ 11,695
$ 12,04
$ 12,407
$ 12,779
$ 13,162
E 13,557
$ 13,964
$ 14,383
$ 14,814
$ 15,259
13
Total Operating Expenses
$ 9,748
$ 9,826
$ 9,902
$ 9,976
$ 10,048
$ 10,11]
$ 10,184
$ 10,248
$ 10,309
$ 10,367
14
Net Operating Income
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
15
Debt Service First Mortgage
16
Debt Service Subordinate Mortgage(s)
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
$ 6,855
17
Total Debt Service
$ 2,893
$ 2,971
$ 3847
$ 3,121
$ 3,193
$ 3,262
$ 3,329
$ 3,393
$ 3,454
$ 3,512
18
dash Flow
E
E
E
E
E
E
$
$
$
E
18(b)
Equity Investment In Project
#DIV101
#DIV101
#DIV101
#DIV101
#DIV101
#DIV101
#DIV101
#DIVIDI
#DIV101
#DIV101
19
Cash -on- Cash ROI
cam F ow a� ma o. ear ry wesrren a e ona
142
143
144
146
147
148
149
149
150
151
oeotcoverage Rsio
The House Fellowship
Renal Rehab 1MA 15
YR11
YR12
YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Determinino Taxes
$ 2,89282
$ 2,97083
$ 3,04689
$ 3,12086
$ 3,19259
$ 3,26192
$ 3,32869
$ 3,39272
$ 3,45385
$ 3,51188
20
Cash Flow
$
$
$
$
E
$
E
E
$
$
21
Depreciation Expenses
8
$
$
$
8
$
E
E
$
$
22
Amortization of Fees
$ WOW
$ WOW
$ wow
$ wow
-
$ wow
E -
$ 900.00
$ wow
$ wow
$ wow
$ wow
23
24
Principal Payments
Reserves
$ 3,79282
$ 3,87083
$ 3,94689
$ 4,02086
$ 4,09259
$ 4,161.92
$ 4,22869
$ 4,29272
$ 4,35385
$ 4,41188
25
Earnings (Loss) Before Taxes
0%
0%
0%
0%
0%
D%
0%
0%
0%
0%
26
x Tax Rate 35% or 0%
E
$
$
8
E
E
E
E
E
E
27
Tax Incurred Saved
Cash Flow After Tax
$ 2,89282
$ 2,97083
$ 3,04689
$ 3,12086
$ 3,19259
$ 3,26192
$ 3,32869
$ 3,39272
$ 3,45385
$ 3,51188
28
Cash Flow
$
E
$
8
8
$
E
E
E
$
29
Tax Incurred Tax Saved
$ 2,89282
$ 2,97083
$ 3,D4689
$ 3,12086
$ 3,19259
$ 3,26192
$ 3,32869
$ 3,39272
$ 3,45385
$ 3,51188
30
Cash Flow After Tax
Line
Total Benefit Analysis
$ 2,89282
$ 2,97083
$ 3,04689
$ 3,12086
$ 3,19259
$ 3,26192
$ 3,32869
$ 3,39272
$ 3,45385
$ 3,51188
31
Cash Flow After Tax
$
E
8
$
E
$
$
$
$
$
32
Rehabilitation Tax Credit
$
$
$
$
$
$
$
$
$
8
$ -
$
33
Low Income Housing Tax Credit
8
$
$
8
8
$
E
E
34
Net Sale Proceeds
$ 2,89282
$ 2,97083
$ 3,04689
$ 3,12086
$ 3,19259
$ 3,26192
$ 3,32869
$ 3,39272
$ 3A53.85
$ 31511.88
35
Total Benefits After Tax NCFAT
#DIVI01
#DIVl01
#DIVl01
#DIVl01
#DIVl01
#DIVl01
#DIVl01
#DIVl01
#DIVIDI
#Dl4JDl
36
Return on Investment
Housing
Project Name:
Type of Project (check onef 0 Homeownership X Rental 0 Tenant Based Rent Asst. 0 Rehabilitation
(Rental and Rental Rehabilitation projects require the completion of rental housing pro forma)
1. Lead Applicant Name: Systems Unlimited Inc.
Applicant Address: 2533 Scott Boulevard Iowa City, IA.
Contact Person and Title: Casey Westhoff, Executive Director
Phone Number: 319-338-9212 ext.126
E-mail Address: casey.westhoff@sui.org
2. Lead Applicant DUNS Number: 087119194
3. Secondary Applicant (if applicable):
Applicant Address:
Contact Person and Title:
Phone Number:
E-mail Address:
4. Type of Applicant (check onef
0 Community Housing Development Organization X Private non-profit organization
0 Private for -profit, individual or partnership applicant 0 Public Organization
5. Amount of CDBG Funds Requested: $150,000
6. Provide a brief description of the proposed project & complete the table below.
Systems Unlimited serves people with intellectual and developmental disabilities through
Supported Community Living in Johnson and surrounding communities. This project would
allow for the purchase of a 3 bedroom home in Iowa City to replace a current rental home
leased by Systems Unlimited. This project would provide long-term, accessible and
affordable living in Iowa City for 3 people with significant intellectual disabilities.
Type of Units:
Total Number of Units Proposed:
Single Room Occupancy
Efficiency
1 - Bedroom
2 - Bedroom
3 - Bedroom
1
4+ Bedrooms
Housing 3 FY16 Mid -Year COBG Funding Request
7a. Based on the City of Iowa City HOME Market Analysis Policy for New Rental Construction, Rental Rehab. &
Acquisition of Existing Homes (rental), or New Owner -Occupied Home Construction & Acquisition of Existing
Homes (owner -occupied), please identify the relevant market factors that will assist the City in verifying the
demand for the proposed housing. The HOME Market Analysis Policy may be found at
www.icoov.oro/actionolan. (If the project is large or complicated, the City may require a Market Analysis to
support the project before entering a legally binding agreement for funds. This policyis notapplicable to
projects requesting funds for tenant based rental assistance, homeowner rehabilitation, downpayment
assistance and CHDO operating expenses.)
This project seeks down payment assistance in the purchase of property.
7b. How will this project meet the needs identified in the 2016-2020 CITY STEPS (www.icoov.oro/actionolan)
This project seeks down payment assistance ($50,000) for the purchase of an existing home in
Iowa City for 3 people currently served by Systems Unlimited Inc. The people who have been
identified to reside in the home will meet the classification low/moderate individuals with
special needs. The CITY STEPS action plan states "Iowa City will invest its CDBG funds in the
areas primarily impacted by non -student LMI persons. CDBG funds will be focused in areas that
are home to families, the elderly, the disabled and the homeless.
The project will allow people with significant disabilities to establish permanent, affordable and
accessible housing that will empower them to achieve the highest level of self sufficiency, while
taking advantage of the great civic and cultural activities offered in Iowa City.
7c. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
MA-10 Number of Housing Units-91.20 (a) (b) 2. Does the availability of housing units meet the
needs of the population? No. This project will assist the city to reach its goals and priorities by
assisting 3 individuals achieve permanent, affordable housing in Iowa City
SP-25 Priority Needs 91.215 (a) (2) Iowa City is committed to allocating funds that serve the
needs of low to moderate income residents. Households with incomes less than 500/6 of the
area median income, particularly those with extremely low incomes are priorities. The city has
also identified special needs individuals as among those who face the greatest challenges and
who should receive high priority in the expenditure of federal funds, including persons with
disabilities.
8. Please specify the one most applicable priority need this application addresses, as shown in the 2016-2020
CITY STEPS Plan.
Priority: High
Priority Need Name: Expanding Affordable Rental and Housing Opportunities.
Population: Persons with Disabilities and Very Low Income.
This application addresses the housing needs of three very low income Iowa city residents with
disabilities by offering them an opportunity to live in a home that is custom built to meet their
behavior and physical challenges. Existing rental homes in Iowa City do not offer the special
features needed for individuals with behavior and destructive tendencies. All three individuals who
have been identified to benefit from this project have one or more of the following diagnoses:
severe/profound intellectual disability, Autism, Co -Occurring Disorder, Obsessive Compulsive
Disorder, Psychotic Disorder and Seizure Disorders. Behaviors exhibited by these individuals
include: self -injury, physical aggression, destruction of property, hyperactivity, impulsivity and
elopement.
Housing 4 FY16 Mid -Year CDBG Funding Request
9. Please provide the requested loan terms and affordability period:
Loan
Affordability
Principal
Interest
Amortization
Period
Yearly
Amount
Rate
(Years)
(Years)
Payment
Terms $
Requested*
*Fnancing terms will be based on project feasibility and the ability to repay the loan. Terms approved by City
Council may be different than what is requested.
*Systems Unlimited seeks a $50,000 grant for the down payment assistance of a 3 bedroom
home in Iowa City for people with intellectual disabilities.
10a. Please complete the table below showing the types and amounts of funding being requested for the
proposed project. Please check the appropriate box if the funding source is committed. If not committed,
please indicate when the applicant will apply for funds in Question #15, Project Timetable.
Funding Source &Type of
Funds:
Funding
Amount
Interest
Rate
Amortization
Term
Committed?
Iowa City CDBG Funding
(public)
$50,000
Dyes ONo
State of Iowa HOME or
CDBG (public)
$
Oyes ONo
IFA — Low Income Housing
Tax Credits (public)
$
Oyes ONo
Bank Loan (private)
$150,000
6%
20
15
Oyes ONo
Applicant Contribution of
Equity (private)
$
Oyes ONo
Other Public Resources
(please list)
$
Oyes ONo
Other Private Resources
(please list)
$
Oyes ONo
TOTAL
$200,000
Housing 5 FY16 Mid -Year CDBG Funding Request
10b. Please provide the uses of funds for the project.
Uses of Funds
Amount
Acquisition:
Building Acquisition
$200,000
Land Acquisition
$
Site Improvements
$
Construction
$
Professional Fees
$
Construction Finance
$
Permanent Finance
$
Developer Fee
$
Reserves
$
Other (please specify):
$
TOTAL (Must equal TOTAL in 10a.)
$200,000
Amount of Private Funds
$150,000
(a)
Amount of Public Funds
$50,000
(b)
Total Project Funding $
(c) a t b
Number of bedrooms
3
(d)
Total Cost Per Unit
$66,666
(e) c+
#Units
loc. What percentage of the proposed budget will be made up of private funds? 75 %
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
Skilled labor ( )
Skilled labor ( )
Skilled labor ( )
hours x $10 per hour
hours x $
per hour =
hours x $
per hour =
hours x $
per hour =
Total
12. Please identify any identity of interest (IOI) relationships with the applicant and/or project owner, i.e. General
Partner has a financial interest in the construction company, etc. None
Housing 6 FYI Mid -Year CDBG Funding Request
13. Describe what efforts have been taken to secure private or other public funding. This is Systems
Unlimited first attempt to secure private/public funding for the project. We do not anticipate any
concerns with securing private funding.
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding). If
applicant plans to apply for funds not committed to the project yet, include the anticipated date for
application. Please Note: If funded, this schedule will be used for any project agreement for the
use of CDBG funding.
Date:
Description of Activity:
12-01-2015
Project Start Date
O1-01-2016
Identification of housing.
03-01-2016
Closing on property.
03-01-2016
04-30-2016
Remodel/make necessary modifications in order to make accessible.
05-01-2016
3 Iowa City residents move into new property.
15. Briefly describe the project goals for providing or assisting in the preservation or expansion of affordable
housing in Iowa City, and how the project will benefit the targeted income group (e.g. goal of providing
rental housing to lower income persons without use of Section 8 rental assistance or level of subsidized rent
compared to market rates).
This project expands the number of affordable housing units to people with disabilities
(special needs population) in Iowa City. The 2014 HUD Fair Market Rate (FMR) for 3BDR
Iowa City unit is $1254. The projected initial rental rate for this project is $1000-$1200 per
unit, depending upon final costs. Three individuals, who currently reside together and
targeted for the project, currently pay $1450 per month plus utilities for a 3 bedroom home
on Iowa City's east side.
16. To help promote the efficient use of federal, state and local funding please describe how the project will
maintain long-term (in excess of CDBG program requirements) or permanent affordability; and, show how the
project will provide for affordable housing at rental rates or purchase price for owner -occupied housing units
lower than those in the existing market.
HOME funds will allow these units to be priced well under FMR for Iowa City. These funds
will allow for permanent affordability' as they allow for loans to be paid off in shorter time
frames, lower interest rates, and lower loan amounts. Income levels for people with
intellectual disabilities (served through this project) do not generally reflect significant
fluctuations during their lifetime; therefore, affordable, accessible housing is a long-term
need.
17. Explain why this project needs and is worthy of the requested public subsidy.
Housing 7 FY16 Mid -Year CDBG Funding Request
HOME funds will allow these units to be priced well under FMR for Iowa City. These funds
will allow for permanent affordability' as they allow for loans to be paid off in shorter time
frames, lower interest rates, and lower loan amounts. Income levels for people with
intellectual disabilities (served through this project) do not generally reflect significant
fluctuations during their lifetime; therefore, affordable, accessible housing is a long-term
need.
18. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
This project will benefit three Iowa City residents for a lifetime. Individuals with intellectual
disabilities and autism, who exhibit behaviors such as destruction of property, still deserve
an adequate home environment, which allow them to participate in community activities.
Custom "Homes that Work' can be the difference maker for these individuals and their
caretakers to successfully live in the community for a lifetime. The individuals that will
benefit from the project are worthy of our support and public subsidy. If they continue
renting typical market homes in Iowa City, damages and fees will continue to mount.
Institutional care may need to be considered if appropriate and affordable housing can not
be secured -which will cost the public taxpayer significantly more money than community -
based housing.
19. If partial funds are awarded, will the project/program continue? XYes 0 No
If yes, at what level? Depending upon the amount of the award, it is likely the project would
continue as planned.
Reminder: Rental housing (including acquisition, rental rehab, and new
construction) projects MUST complete and submit the pro forma (excel
format) provided by the City with this application.
Rental housing applications submitted without the City's pro forma will
not be considered.
20. An objective of the City of Iowa City Comprehensive Plan is to promote a diversity of housing types and mix
of all income levels. Please describe the target population this project is to serve and how the project will
promote diversity within the neighborhood.
The target population will be people with disabilities (Special Needs Population.) Systems
Unlimited provides services in many neighborhoods in Iowa City and surrounding communities.
The population served by this project (low income, special needs) often brings out the best in
neighborhoods -people are quick to recognize that these individuals are great neighbors who
want and deserve an opportunity to enjoy their homes and community- just like every citizen.
21. Identify the location of the proposed project.
As funds are secured a location in Iowa City will be finalized. Systems Unlimited will work with
the identified tenants to determine best location based upon 'walkability' factors and
accessibility to public transportation, parks and amenities.
Housing 8 FY16 Mid -Year CDBG Funding Request
22. Also, please indicate the number of persons or households that will be served by the proposed project by
income category. (Please Note: If this application is funded, the information in this table will be used
as income targeting for the CDBG Agreement).
Number between 0 - 30% median income
Number between 31 — 50% median income
Number between 51 — 60% median income
Number between 61 - 80% median income
Number over 80% median income
Total
Percent LMI
23. Does the proposed project pay full property taxes? 0 Yes X No
If YES, what is the estimated value of taxes generated from this Project? $
3 households (a)
households (b)
households (c)
households (d)
households (e)
households (f)
100% (a+b+c+d) + f
If NO, does the proposed project make a Payment In Lieu Of Taxes or pay at a reduced rate?
OYes XNo If yes, what is the percent of full taxes paid? %and amount paid is .$
24. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
Providers of people with intellectual disabilities who work with people with extremely
challenging behaviors are under pressure to serve people in community -based housing. To
custom design homes for people with physical challenges is not that uncommon (wheelchair
accessibility, wider halls, etc). To custom design and build a home for people with behavior
challenges and autism is innovative and needed.
Housing 9 FY16 Mid -Year CDBG Funding Request
25. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 30/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$
$
FY14 (July 2013 - June 2014)
$
$
FY15 (July 2014 - June 2015)
$184,000
$160,000
September 2015
FY16 (July 2015 - June 2016)*
$50,000
$
*Eight months remaining in FY16 at time of this application.
26. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? XYes 0 No
If "NO" or a matter is currently in litigation please provide the name of the case and explain the basis for the
case.
27. Please provide a narrative of the education and experience of the key staff who will be implementing the
development project. Staff does not include volunteers, board members and consultants. If utilized, please
identify what role a consultant will play in the development of this project.
Project Manager: Casey Westhoff, Systems Unlimited Inc. Executive Director, 14 years of
experience as Executive Director in non-profit organizations serving people with disabilities.
30 years in Human Services Field. Obtained, implemented and managed awards from public
and private sector ranging in scope and reporting requirements. He has previous experience
with building and housing projects for people with disabilities (DAC Inc. Lutheran Services in
Iowa).
Housing 10 FY16 Mid -Year CDBG Funding Request
Key staff: Michelle Lloyd Director of Finance, over 30 years experience in
Finance/Accounting for both non -profits and for profit business including 16 years with
Systems Unlimited Inc. Current responsibilities include oversight of System Unlimited owned
homes, leased homes and maintenance staff. Has experience with administration of CDBG
awards including receipts, project reports, etc.
Key Staff: Muriel Nisley, Senior Accountant/HUD Project Manager, over 15 years of
experience with Systems Unlimited overseeing two HUD Corporations that house 84 people
with disabilities in Iowa City and surrounding communities. She was the facilitator of the
three Federal government appropriations to Systems Unlimited in the past 15 years.
Key Staff: Marc Hines, Director of Supported Living, over 8 years of experience working with
Systems Unlimited. Focus areas are training of staff in appropriate behavioral interventions
and oversight of 35 agency homes which serve people with intellectual disabilities
28. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this
project.
This project will be administered by the Executive Director of Systems Unlimited with
support from the key staff listed. Once project is complete, the Director of Supported
Community Living will oversee program and service implementation. Additional costs for
overhead have not been written into costs.
29. Provide a summary of your organization's portfolio. Include how many rental units you own/manage, how
many homes you have built/rehabilitated/sold and what projects are in the pipeline.
Systems Unlimited Inc has been in existence since 1971 providing Supported Community
Living (SCL) services to people with intellectual and developmental disabilities. In 2014,
Systems Unlimited provided services to over 300 individuals in the SCL Division in eight
Eastern Iowa counties. Systems Unlimited currently employs over 1000 people in a variety of
positions with over 500 Direct Support Professionals providing the day- to -day direct
support to people served.
Systems Unlimited currently owns 16 single-family homes in Iowa City. Four of these homes
have gone through extensive renovations within the past two years in which private
financing and donations were utilized. One home is slated for extensive renovations in 2015
that will utilize Housing Trust Funds of Johnson County (HTFJC) for a portion of the project.
Systems Unlimited most recent purchase (2015) of a single family home was on California
Ave. in Iowa City with assistance from CDBG/Home funds.
System Unlimited Building Corporation (HUD #1) manages 25 homes that serve a total of 77
people in 6 communities (Iowa City, Washington, Coralville, Williamsburg, Monticello and
Vinton). HUD's extensive documentation and reporting requirements, including on -site
visits, has allowed Systems Unlimited to gain extensive experience in property management
for public entities. The most recent Management and Occupancy Review from HUD
(December, 2014) reported'0 Findings" and a "Superior" rating.
Systems Unlimited Building Corporation (HUD #2) manages two homes that serve a total of
6 individuals in Iowa City. This Corporation was formed approximately 10 years after the
initial HUD development building project and is overseen by same (HUD #1) Manager.
Systems Unlimited holds the property lease for 6 other single family homes in which
individuals served reside. Landlords negotiate leases with the agency who in turn sublease
properties back to the individuals served.
Housing 11 FY16 Mid -Year CDBG Funding Request
Proforma Spread Sheet
FY16 Rental Housing Projects
Please enle,nDtb boD in.V 'febsh,ff xcel
Line
Description
Symbols
YR1
YR2
YR3
YR4
YR5
YR6
YR7
YR6
YR9
YR10
Revenues
+G. Rent
+O. Income
+T. Controbulion
$ 1260000
$ -
$
$ 1285200
$
$
1
Gross Rental Income
$ 13,109.04
$ 1337122
$ 1363865
$ 1391142
$ 14,18965
$ 14,47344
$ 14,76291
$ 15,058.17
2
Other Income
$
$
$
$
8
8
8
$
3
Tenant Contributions
$
$
$
$
8
8
8
$
4
Gross Revenues
=G. In o..
$ 12,60000
$ 1285200
$ 13,109.04
$ 1337122
$ 1363865
$ 1391142
$ 14,18965
$ 14,47344
$ 14,76291
$ 15,058.17
5
Vacancy Loss
V.
$ mom
$ 6426n
$ 65545
$ 66856
$ art 93
$ 69557
$ 70918
$ ]236]
$ 738.15
$ 75291
t5aevac. Raley cross Im-a
6
Effective Gross Income
EGI
$ 1197000
$ 1220940
$ 12,45359
$ 12,]0266
$ 1295671
$ 1321585
$ 13,48016
$ 13,749]]
$ 14,02476
$ 14,30526
Operating Expenses
The total thedeals6
#]-105hallll be no
less than
$2]50/und
$ 625 On
$ fi0000
$ -
1 $ 600 On
$ 35000
$ 643]5
$ 61800
$ -
$ 618M
$
$ wow
7
Insurance
$ 66306
$ 68295
$ ]0344
$ ]2455
$ ]4628
$ ]686]
$ 79173
$ 81548
Maintenance&Structural Repairs
$ 63654
$ 65564
E 67531
E 69556
E 71643
$ ]3]92
$ 76006
E 78286
9
�Manaqement Fees
$ -
$ -
$ -
$ -
$ -
E -
$ -
$ -
10
Mis.. Operatinq Expenses
$ 63654
$ 65564
E 67531
E 69556
E 71643
$ ]3Z92
$ 76006
$ 78286
11
Property Tax
Resen/es(Operating r Ose no less Ilan Mann)
$
8
E
E
E
8
8
8
12
$ 37132
$ 38245
$ 39393
$ 10575
$ 41792
$ 43046
$ 44337
$ 45667
13
Total Operating Expenses
-OPR. Expenses
$ 2, 175.00
$ 2,24025
$ 2,30]46
$ 2,37668
$ 2,447 98
$ 2,52142
$ 2,597W
$ 2,674 an
$ 2,75522
$ 2,837 88
14
Net Operating Income
-1401
$ 9,79500
$ 9,969-15
$ 10,14613
$ 10,32598
$ 10,50873
$ 10,69443
$ 10,88310
$ 11,07479
$ 11,26954
$ 11,46738
15
Debt Service First Mortgage
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
$ 8 640.00
16
Debt Service Subordinate Mortgage(s)
17
Total Debt Service
_MS
$ 8,640.001200,WO
$ 8,640 On
$ 8,640.00
$ 8,640 On
$ 8,640.00
$ 8,64000
$ 8,6400n
$ 8,6400n
$ 8,640 On
18
dash Flow
=CF
$ 1,155.00$
$ 200,00000$
06%
1506.13
$ 1685.98
$ 1868]3
$ 2,05443
$ 2,243.10
$ 2,43479
$ 2,62954
$ 2,82]38
18(b)
Equity Investment In Project
200,00000
$ 200,00000
$ 200,00000
$ 200,Ooo.00
$ 200,000 On
$ 200,000 On
$ 200,0000o
$ 200,00000
19
Cash -on- Cash ROI
cF
08%
6.8%
09%
10%
1.1%
12%
13%
14%
casnrowavma5vewry mes-.n toed
oeu coverage Ram(aner 1eer4 sw[ -Its man tin
wmff come ce errors Encooa aC. so
Equity Inv,tt
OCR
1.133680556
1.153836806
1.1]432066
1.195136405
1216288344
123HW799
1259618103
1281804605
130434466
1327242636
Line
YR2
YR3
YR4
YR5
YR6
YR7
YR8
YR9
YR10
Determinino Taxes
20
Cash Flow
CF
1329.15
$ 1W6.13
$ 188598
$ 185873
$ 2,%443
$ 2,243.10
$ 2,43479
$ 2,629.54
$ 2,87W
21
Depreciation Expenses
-DEER
*(4161
5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
22
Amortization of Fees
AM ORTZ
E
E
E
E
8
E
$
S
23
24
Principal Payments
Reserves
+P
+RESERVES
3ow
$ 3ow
E 350.00
$ 3ow
E 3ow
$ 3ow
$ 3ow
$ 3ow
$ 3ow
25
Eamings(Loss) Before Taxes
-EBTx
(3,987 52)
$ (3,81054)
E (3,63069)
$ (3,447
$ (3,26224)
$ (3,07357)
$ (2,88188)
$ (2,68713)
$ (2,48929)
26
x Tax Rate 35% or 0%
xRATE
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
27
Tax lneumed Saved
-TAX or (Saviigs)
$
S
E
E
E
E
E
$
S
S
Cash Flow After Tax
28
Cash Flow
CF
$ 1,155w
$ 1,32915
$ 1,W613
$ 1,68598
$ 1,85873
$ 2,%443
$ 2,24310
$ 2,43479
$ 2,62954
$ 2,82738
29
Tax Incurred Tax Saved
-TAX (+SAV)
$
S
$
$
E
E
$
$
S
S
30
Cash Flow After Tax
=CFATx
$ 1,155w
$ 1,329.15
$ 1W6.13
$ 188598
$ 185873
$ 2,%443
$ 2,243.10
$ 2,434.79
$ 2,629.54
$ 2,827.38
Line
Total Benefit Analysis
31
Cash Flow After Tax
CFATx
$ 1, 155w
$ 1329.15
$ 1W6.13
$ 188598
$ 185873
$ 2,%443
$ 2,243.10
$ 2,43479
$ 2,62954
$ 2,827W
32
Rehabilitation Tax Credit
+RTe
E
$
$
$
E
8
8
8
$
33
Low Income Housing Tax Credit
+ueTe
$
$
$
$
$
$
$
$
$
34
INet Sale Proceeds
+NSP
E
$
$
$
$
$
$
$
$
$
35
Total Benefits After Tax NCFAT
=NCFATx
$ 1,155w
$ 1329.15
$ 1W6.13
$ 188598
$ 185873
$ 2,%443
$ 2,243.10
$ 2,43479
$ 2,62954
$ 2,827W
36
Retum on Investment
RDA
O W%
066%
075%
084%
093%
1 W%
1.12%
1? %
181%
141%
YR11
YR12
YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Revenues
$ 1535933
$ 1566652
$ 1597985
$ 16,29944
$ 1662543
$ 1695794
$ 17,29710
$ 1],643.04
$ 1199590
$ 183W 82
1
Gross Rental Income
E
$
8
8
8
E
$
$
$
$
2
Other Income
8
$
8
8
$
E
E
8
8
$
3
Tenant Contributions
$ 1535933
$ 1566652
$ 1597985
$ 16,29944
$ 1662543
$ 1695794
$ 17,29710
$ 1],643.04
$ 1199590
$ 183W 82
4
Gross Revenues
$ ]679]
$ 78333
$ 79899
$ 814.97
$ 83127
$ 847W
$ 86485
$ 88215
$ 899W
$ 91779
5
Vacancy Loss
(5%vac. Rates crass I-)
$ 14,59136
$ 14,883.19
$ 15,18085
$ 15,48447
$ 15,]94.16
$ 16,11004
$ 16,43224
$ 16,7W89
$ 11096.11
$ 17,4W03
6
Effective Gross Income
Operating Expenses
$ 83995
$ 865.15
$ 891.10
$ 91783
$ 94537
$ 9]3]3
$ 160294
$ 1933W
$ 196402
$ 199594
7
Insurance
$ W635
$ 83054
$ 85546
$ 881.12
$ W7
$ 93478
$ %282
$ %1.71
$ 162146
$ 195210
8
Maintenance&Structural Repairs
8
8
8
8
8
8
E
8
$
8
9
Management Fees
$ W635
$ 83054
$ 85546
$ 881.12
$ W7
$ 93478
$ %282
$ 991.11
$ 162146
$ 1%210
10
OperatingExpenses
$
$
$
8
8
8
E
E
8
E
11
Taxes
$ 4]03]
$ 48448
$ 49902
$ 51399
$ 52941
$ 54529
$ Wi 65
$ 5]8W
$ 59585
$ 61373
12
$ 2,W302
$ 3,01071
$ 3,10193
$ 3,1141
$ 3,28988
$ 3,388.18
$ 3,4W 24
$ 3,59494
$ 3,70279
$ 3,81388
13
pResewes
eratin EX enses
$ 11,66835
$ 118]248
$ 120]B82
$ 12,29041
$ 1250428
$ 12]2146
$ 1284201
$ 13!16595
$ 13,39332
$ 13,62415
14
eratinIncome
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
$ 8640.00
15
rvice First Morta e
16
eervice Subordinate Mortgage(s)
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,640W
$ 8,64090
$ 9,64900
17
Total Debt Service
$ 3,02835
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,081.46
$ 4,W201
$ 4,525%
$ 4,75332
$ 4,984.15
18
Cash Flow
$ 200,WOW
$ 200,WOW
$ 200,WOW
$ 200,WOW
$ 200,WOW
$ 200,00000
$ 200,WOW
$ 200,WOW
$ 200,WOW
$ 200,WOW
18(b)
Equity Investment In Project
15%
16%
17%
18%
19%
2.0%
22%
23%
24%
25%
19
Cash -on- Cash ROI
cam F ow dvi and ov Ear ry oves-ft in E o�d
1 350502W3
1 374129838
1 398127819
1 42250122
1 447254415
1 472391768
1 497917637
152W36364
1 5501522771
1576869684
oeotcoverage RSlo
YR11
YR12
YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Determinino Taxes
$ 3,028.35
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,08146
$ 4,30201
$ 4,525%
$ 4,75332
$ 4,984.15
20
Cash Flow
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
$ 5,66667
21
Depreciation Expenses
8
$
8
E
E
$ -
$
E
E
8
22
Amortization of Fees
E 35000
$ 35000
$ 35000
$ 35000
$ .000
$ -
$ 35000
$ 350.00
$ 35000
$ 35000
$ 35000
23
24
Principal Payments
Reserves
E (2,28832)
$ (2,06419)
$ (1,87685)
$ (1,66626)
$ (1,45239)
$ (1,23521)
$ (1,01466)
$ VW 72)
$ (56335)
$ (33252)
25
Earnings (Loss) Before Taxes
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
26
x Tax Rate 35% or 0%
E
8
$
8
E
$
E
E
E
E
27
Tax Incurred Saved
Cash Flow After Tax
$ 3,02835
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,06146
$ 4,30201
$ 4,525%
$ 4,75332
$ 4,964.15
28
Cash Flow
$
8
$
E
E
$
8
8
E
8
29
Tax Incurred Tax Saved
$ 3,02835
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,06146
$ 4,30201
$ 4,525%
$ 4,75332
$ 4,984.15
30
Cash Flow After Tax
Line
Total Benefit Analysis
$ 3,02835
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,06146
$ 4,30201
$ 4,525%
$ 4,75332
$ 4,964.15
31
Cash Flow After Tax
$
E
$
8
$
$
$
$
$
$
32
Rehabilitation Tax Credit
$
$
$
$
$
$
$
$
$
E
$ -
$
33
Low Income Housing Tax Credit
$
$
$
$
8
$
E
E
34
Net Sale Proceeds
$ 3,02835
$ 3,23248
$ 3,43982
$ 3,65041
$ 3,86428
$ 4,06146
$ 4,30201
$ 4,525%
$ 4,753.32
$ 4,984.15
35
Total Benefits After Tax NCFAT
151%
162%
172%
183%
193%
204%
215%
226%
238%
249%
36
Return on Investment
Public Facility, Planning, and Other Projects
1. Name of Project: The Arc of Southeast Iowa Preschool/Daycare
2. Total Amount of CDBG Funds Requested: $ 70,000
3. Applicant Name: The Arc of Southeast Iowa
Applicant Address: 2620 Muscatine Avenue, Iowa City IA 52240
4. DUNS Number: 884487823
5. Contact Person: Karen DeGroot
Phone Number: (319) 351-5017
Fax Number: (319) 351-6837
Email Address: karendegroot@aresei.org
6. Location of proposed project: Onsite in the Bill Reagan Children's Enrichment Center, 2620
Muscatine Avenue, Iowa City IA 52240
7. Brief summary of the proposed project (please limit response to a paragraph).
Due to an increasing number of requests for daycare and preschool for smaller children
(culminating from the successful opening of our afterschool program), we have decided to
seek funding for renovations of our lower level which would allow children of three age
groups to share the space by dividing it into individual classrooms. We would continue our
afterschool program but two additional rooms (division of our current 2500 sq feet lower
level) will allow us to also meet the needs of families with younger children. Our
afterschool program is geared towards junior high age kids and our new programing would
be geared towards all day care for preschool age children and younger school age children
after school. In addition, we would like to develop weekend overnight care for children and
this division of space would allow that future need to be met as well.
Public Facility, Planning & other Projects 3 FY16 Mid -Year CDBG Funding Request
B. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icqov.org/actionplan).
Priority Need: Public Facility Improvements; Persons with Mental/Physical/Developmental
Disabilities (High)
.9a. Tell us why this project is needed (include information from studies\research or other supporting documentation)
and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the project partners with
existing services/facilities, including whether other agencies will be housed in or will be allowed to use the
facility.
Last year, we developed an afterschool program for junior high age kids with intellectual
and developmental disabilities since there was no option for these kids in our
community. This has been a tremendous success and thanks to the playground funded
last year by CDBG, we have received a flood of requests for similar services for younger
children, including daycare and weekend care.
We've approached Handicare to assess their facility and their services and have received
the blessing of Anne Brownsberger to proceed with our plans to provide similar services
on the east end of town. Anne stated that she is at full capacity and would be thrilled to
have a place to refer additional kids, in addition with her facility located in Coralville, our
east end location would assist her with some of her kids who have no transportation. In
addition, we could refer our Coralville families to her facility. Along with these daycare
and afterschool services, we are in the initial phase of developing a weekend program to
meet longer term needs without further renovations.
This year, for the first year, we had the situation of a child whose mother was living in
the homeless shelter for a brief period of time and mom was desperate for a place for her
daughter to spend weekends. We would like to be able to assist children like her, and
others needing care while parents work weekends and late shifts.
In surveying our current families and community members, we found the following
needs:
1. Afterschool for younger than junior high aged children with special needs
2. Daycare for preschool aged kids (specifically those with special needs but also a
place for their siblings to attend alongside the child with developmental
disabilities)
3. Evening and weekend respite (beyond what we offer during our every Saturday
group)
4. Assistance with transportation
This grant application is attempting to focus on the first three needs we have found.
9b. Will this project address the established priorities in the City's Strategic Plan? Please identify the priorty(s).
(www.icqov.org/strateciici)lan)
Public Facility, Planning & Other Projects 4 FYI Mid -Year CDBG Funding Request
Because of our location in the Towncrest Neighborhood, we are an asset to healthy
neighborhood development both with last year's addition of an inclusive, fully accessible
play structure, as well as our current plans to add onsite daycare for individuals with
disabilities and their siblings. If capacity allows, we will open this to all children on a
sliding fee basis, however our primary focus will be children with disabilities and their
siblings as the need for those services are much greater than daycare in general
(although that is also a need)
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development Commission
may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Expense Category
(e.g. salaries,
acquisition, rehab)
If possible, please
prioritize the budget
CDBG
Funds
Other Funds
List Source of
Other Funds
including
whether
Public or
Private
Type
Status
C
x
w
H
M
S
a° o
Construction
$50,000
$
Please place an X"in the box that applies:
Electrical Costs
$20, 000
$
X
Licensing/Accred
$
$ 5,000
x
Interior finishes
(carpet, paint etc)
$
$15,000
x
X
Other grants/donations
$
$
Total
$70,000 LL$20,000
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
$ 20,000 (a)
$ 70000 (b)
$ 90 000 (c) (a + b)
Public Facility, Planning & Other Projects 5 FY16 Mid -Year CDBG Funding Request
Number of persons assisted
(d) (see question 19)
Total cost per person $ 1.500* (e) (c - d)
*this is cost for the fist year, this would be have longterm usage with minimal additional costs.
In addition only the actual participant has been included in this cost, not the benefit to families
who need this service.
Total CDBG Cost Per Person
(f)(b_d)
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor (Demolition)
10 hours
x $10 per hour = $ 100.00
Skilled labor ( )
hours
x _per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Total Is
12. What percentage of the proposed budget will be made up of private funds? 20 - 25
13. Describe what efforts have been taken to secure private or other public funding?
We are always in fundraising mode, however we are currently earmarking all funds we receive to
this project. In addition, we are in the process for applying for grants and community
endowment opportunities to raise additional funds. Our experience has shown us that when we
have a specific project around which to fundraise, our community donations increase
significantly.
Pub/ic Facility, Planning & Other Projects 6 FYI Mid -Year CDBG Funding Request
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note; If funded, this schedule will be used for any project agreement for the use of CDBG
funding.
Date: Description of Activity:
December 1, 2015 Council approval of funding and project start date
Upon approval, bids would be obtained.
Construction would begin immediately upon approval of bid. Since this is an indoor project, weather would
have minimal impact.
15. Explain why this project needs and is worthy of the requested public subsidy.
This project will fill a gap in services in the Johnson County area. There are currently very
limited, if any, options for our clientele and other children with disabilities to receive
daycare, preschool, and afterschool care. There are no programs in Iowa City, that I am
aware of, that provide evening and/or weekend services. This program will be open to
anyone in the community who is in need of these services. We will use Medicaid funding
when available and will offer scholarships and sliding scale fees for those in financial need
who do not have access to Medicaid or other funding sources.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
Once the construction and DHS licensing have occurred, there will be no further need for
funding beyond regular maintenance. Our goal is always to develop all programs to the
point of self-sufficiency both for the financial security of the agency as well as allowing for
development of additional program as community needs arise.
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
We will attempt to complete the project in its entirety through fundraising efforts and
assistance from our community partners. If we are unable to raise the entire funding
needed, we would construct only two classrooms instead of three, which would decrease
the number of individuals we could serve but would still add needed services to our
community.
Public Facility, Planning & Other Projects 7 FY16 Mid -Year CDBG Funding Request
18. Please indicate the population to be served by the proposed project according to the income categories shown in
the Applicant Guide. (Please Note. If this application is funded, the information in this table will be
used as income targeting for the CDBGAlgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
21
persons (a)
25
persons (b)
7
persons (c)
7
persons (d)
60
persons (e)
88
% (atbtc)=e
95
%
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
The estimate is based on the maximum number of children we will be able to serve based on
licensing and code requirements (without addition of additional toilets, which will greatly
increase the cost). This will be 60 each year. We are counting only the actual participant
and not their families, who are also directly served by this project.
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
20. Does the proposed project pay full property taxes? OYes ONo
If yes, what is the estimated value of taxes generated from this Project? $
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
[]Yes ONo If yes, what is the percent of full taxes paid? % and amount paid is
Public Facility, Planning & Other Projects 8 FY16 Mid -Year CDBG Funding Request
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Amount
Budgeted Expended
Amount (as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$ N/A
$
FY14 (July 2013 - June 2014)
$ N/A
$
FY15 (July 2014 - June 2015)
$ 112,500
$ 112,500
6/30/2015
FY16 (July 2015 - June 2016)*
$ N/A
$
*Eight months remaining in FY16 at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? 0 Yes 0 No
If "NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
N/A
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
N/A
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
There will be minimal administrative cost to this project. Only that needed to prepare
reports and monitor the budget.
Public Facility, Planning & Other Projects 9 FY16 Mid Year CDBG Funding Request
Public Facility, Planning, and Other Projects
1. Name of Project: Repair of disabled assistance door mechanism
2. Total Amount of CDBG Funds Requested:.$24,255
3. Applicant Name: The Crisis Center ofJohnson County
Applicant Address: 1121 Gilbert Court Iowa City, IA 52240-4528
4. DUNS Number: 16-849-0613
5. Contact Person: Becci Reedus
Phone Number: 319-351-2726 ext: 109
Fax Number: 319351-4671
Email Address: becci.reedus@Jajccrisiscenterorg
6. Location of proposed project: 1121 Gilbert Court, Iowa City, IA 52240-4528
7. Brief summary of the proposed project (please limit response to a paragraph).
The Crisis Center is requesting assistance with facility repairs and/or upgrades. We have unexpected repairs
beyond our budget this year. These issues, without repair, often make it difficult, or sometimes impossible to
provide services. We are requesting $$24,255 in financial assistance for.
1. replacement motors for three ADA accessible doors
2. replacement of the condenser on the walk-in freezer in the food bank
3, broken window replacement in the client shopping area
4 installation of ceiling fans to help with temperature control in the client shopping area
5 installation of security cameras exterior to the Crisis Center building
Public Facility, Planning & Other Projects 3 FY16 Mid -Year CDBG Funding Request
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icgov.org/actionplan).
Priority Need- Homeless
• This priority was chosen because the greatest number ofpersons to be served are identified as homeless or
near -homeless
9a. Tell us why this project is needed (include information from studies\research or other supporting documentation)
and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the project partners with
existing services/facilities, including whether other agencies will be housed in or will be allowed to use the
facility.
We request for financial assistance for unanticipated repairs and/or replacement of equipment for The Crisis
Center. We provide supplemental food and emergency financial assistance to a// residents in Johnson County.
According to the latest data published by Feeding America, the rate of food insecurity in Johnson County is 14%
or 18,760 individuals in Johnson County who lack consistent access to adequate food limited by a lack ofmoney
and other resources. In FY15, The Crisis Center served 10,023 individuals in Iowa City with supplemental food,
or 53 % of those identified as food insecure in our county. Families who seek services at the Crisis Center make
difficult choices in determining how to allocate their limited financial resources. Ina recent survey,
approximately 80 % of our clients reported spending fifty percent or more of their monthly income on housing
costs. Individuals and families may visit the Crisis Center once a week to supplement their food budgets.
The majority of our building (90%)/s used for program purposes, and recently, the Crisis Center remodeled a
portion of our facility to create additional offices and program space. Because of the growth in services we have
limited ability for other organizations to utilize our 1121 Gilbert Court facility. However, we area "satellite "spot
for other agencies and programs to provides services, such as Johnson County Health Department, who uses our
location and access to individuals to provide HIV testing once a month.
9b. Will this project address the established priorities in the Cty's Strategic Plan? Please identify the priority(s).
(www. icgov.org/strateg icpla n)
Public facility improvements are a priority in the CITYSTEPS p/an noting that facility improvements for service
providers and accessibility modifications are specified as the goals the city wi// address.
Public Facility, Planning & Other Projects 4 FYI Mid -Year CDBG Funding Request
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development Commission
may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Expense Category
(e.g. salaries,
acquisition, rehab)
If possible, please
prioritize the budget
CDBG
Funds
Other Funds
List Source of
Other Funds
including
whether
Public or
Private
Type
Status
=
=
9
a
9
e
$
Pl.3 pkce a ",X`n the box M typ/es:
Ceiling fans
$1,200
$500
private
X
Window replacement
$500
$500
private
X
ADA door replacement
$8,400
$4,200
private
X
Security Cameras,
exterior
$8,955
$0
Replace freezer
condenser
$5,200
$1,800
private
X
Total
$24255
$7000
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
Number of persons assisted
question 19)
Total cost per person
Total CDBG Cost Per Person
(a)
$ 24
,,255 (b)
(c) (a t b)
13,590 (d) (see
(e) (c .' d)
(f) (b = d)
Public Facility, Planning & Other Projects 5 FY16 Mid -Year CDBG Funding Request
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
hours
x $10 per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Total
$
12. What percentage of the proposed budget will be made up of private funds? _22_%
13. Describe what efforts have been taken to secure private or other public funding?
We received funds from a private foundation to address some of our facility issues.
Public Facility, Planning & Other Projects 6 FYI Mid -Year CDBG Funding Request
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will be used for any project agreement for the use of CDBG
funding,
Date: Description of Activity:
December 1, 2015 Council approval of funding and project start date
January 2016 Installation of doors
April 2016 Installation of freezer condenser
March 2016 Installation of security cameras
April 2016 Installation of ceiling fans
May 2016 Window replacement in the client shopping area
15. Explain why this project needs and is worthy of the requested public subsidy.
Since 2008, we have experienced arise in the demand for all of our services, however the number of individuals
and families who seek help from the Food Bank has resulted in a 65% increase in services in that seven year
period of time. Prior to 2008, the Crisis Center received CDBG funding for a warehouse addition to the food
bank and our facility remains the most suitable operations space for our programs. However the age of our
building and program equipment, along with the increase in services sometimes create difficulty in the ability to
meet all the increase costs. In order to continue to serve our families without compromising the direct
assistance we give to them, we are seeking financial assistance for these facility projects.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
For the past five years, The Crisis Center, through the budget process, has been allocating funding to repairs and
maintenance of our building and equipment. Many issues of the building have been addressed since 2008 with a
combination of CDBG awards and Crisis Center funding. A remodel of our crisis intervention program space was
completed early 2015 through our own budget. This remodel provided us with more office and program space
we desperately need because of increased services. We have a maintenance plan and annually allocate funds
to address the plan.
17.In what manner or form will the project proceed if it is awarded less than full funding? If the project has several individual
If we receive partial funding, we will prioritize the proposed projects and complete the more urgent repairs of
the ADA doors and the freezer condenser.
Public Facility, Planning & Other Projects 7 FYI Mid -Year CDBG Funding Request
18. Please indicate the population to be served by the proposed project according to the income categories shown in
the Applicant Guide. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the ENBGAgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
12,430 persons (a)
960 persons (b)
177 persons (c)
23 persons (d)
13,590 persons (e)
98 %(atbtc)=e
76 %
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
We track service delivery on a monthly basis and review quarterly and annual trends in order to project
service numbers for budgeting purposes.
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain. no
20. Does the proposed project pay full property taxes? OYes ✓No
If yes, what is the estimated value of taxes generated from this Project? $
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
OYes ✓No If yes, what is the percent of full taxes paid? %and amount paid is .$
Public Facility, Planning & Other Projects 8 FYI Mid -Year CDBG Funding Request
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
.$187,400
.$187,400
1012013
FY14 (July 2013 - June 2014)
.$100,000
.$100,000
0812014
FY15 (July 2014 - June 2015)
$
$
FY16 (July 2015 - June 2016)*
$
$
*Eight months remaining in FY16 at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? ✓ Yes 0 No
If "NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
n/a
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
We do not anticipate overhead cost to complete these projects beyond the normal time the administrative staff
spend on facility
Public Facility, Planning & Other Projects 9 FY16 Mid -Year CDBG Funding Request
Public Facility, Planning, and Other P
1. Name of Project: CSCC Child Care Expansion
2. Total Amount of CDBG Funds Requested: $35,000
3. Applicant Name: Community Serving Community Center
Applicant Address: 2024 G Street, Iowa City, Iowa 52240
4. DUNS Number:
5. Contact Person: Thomas McInerney
Phone Number: 319-331-0365
Fax Number: N/A
Email Address: thomas@thomasarchitect.com
6. Location of proposed project: 921 3rd Street, Iowa City
7. Brief summary of the proposed project (please limit response to a paragraph).
The proposed project is to provide accessibility to an existing basement of the King of Glory Church, 921 3rd
Street, Iowa City. The proposed improvements would allow approximately 35 children of pre-school age to occupy
the facility. The Community Serving Community Center child care facility is adjacent to the church and the
improvements would allow an expansion of the child care services to low-income families. Improvements include
providing a ramp with an entrance and one accessible restroom at the basement level.
Public Facility, Planning & Other Projects 4 FY16 Mid -Year CDBG Funding Request
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icgov.org action plan).
Priority Need:
Provide public services -Proposed funding shall increase the effectiveness of physical investments that
improve conditions for the elderly, youth, low-income persons, and other special populations.
9a. Tell us why this project is needed (include information from studies\research or other supporting
documentation) and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the
project partners with existing services/facilities, including whether other agencies will be housed in or will be
allowed to use the facility.
By providing affordable child care services for low income families during the week, families will have more
opportunities for economic advancement.
During off hours of child care operations, the accessible space shall be used for educational programming (not
funded by the local school district) such as American cultural studies and English language classes for non-English
speaking adult individuals.
9b. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
(www.icqov.org/strategicplan)
This proposed project shall foster a more INCLUSIVE and SUSTAINABLE Iowa City through a commitment to
Healthy Neighborhoods.
Public Facility, Planning & Other Projects 5 FY16 Mid -Year CDBG Funding Request
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for
the other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development
Commission may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Type
Status
Anti
Expense Category
List Source of
(e.g. salaries,
Other Funds In-
Cas
apa
cO
acquisition, rehab)
including Kin
tact
mm
If possible, please
CDBG
whether Public d h
Dat
prioritize the budget
Funds
Other Funds
or Private
e
Please plate an "X" in the box Mat applies:
Construction Contract
$28500
$0
None
Professional Design Fees
$6500
$0
None
$
$
Total
$35000
$0
1None
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
Number of persons assisted
Total cost per person
Total CDBG Cost Per Person
(a)
$35000 (b)
$35000 (c)(a + b)
35 (d) (see question 19)
$1000 (e) (c - d)
$1000 (f) (b - d)
Public Facility, Planning & Other Projects 6 FY16 Mid -Year CDBG Funding Request
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
hours
x $10 per hour =
$0
Skilled labor ( )
hours
x $_ per hour =
$0
Skilled labor ( )
hours
x $_ per hour =
$0
Total $o 71
12. What percentage of the proposed budget will be made up of private funds? 100%
13. Describe what efforts have been taken to secure private or other public funding?
Currently, the Community Serving Community Center child care facility is paying back a $5,000 loan to the City of
Iowa City and has not been able to secure additional funding for expansion of their facility's service capacity.
Public Facility, Planning & Other Projects 7 FY16 Mid -Year CDBG Funding Request
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will be used for any project agreement for the use of CDBG
funding.
Date: Description of Activity:
December 1, 2015 Council approval of funding and project start date
December 15, 2015 Begin Design of Construction Documents
January 11, 2016 Submit Building Permit Application
January 15, 2016 Provide Bidding Documents to Contractors for Bidding
March 1, 2016 Begin Construction
June 1, 2016 Substantial Completion of Project
15. Explain why this project needs and is worthy of the requested public subsidy.
The improvements shall allow an increase in the capacity to serve more low income families within the community.
Such improvements promote long-term community viability and the empowerment of low-income persons to
achieve self-sufficiency.
The Community Serving Community Center child care facility provides transportation for their clients upon request.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
The project shall be designed complete. We do not anticipate any future requests for funding after completion.
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
If the project does not receive the requested funds in total, the proposed project shall be put "on hold"
indefinitely.
Public Facility, Planning & Other Projects 8 FY16 Mid -Year CDBG Funding Request
18. Please indicate the population to be served by the proposed project according to the income categories shown
in the Applicant Guide. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the CDBG Agreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
35 persons (a)
persons (b)
persons (c)
persons (d)
Total 35 persons (e)
Percent LMI
Percent Iowa City Residents
100% (a+b+c)+e
100%
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
All children currently be served at the existing daycare are from families receiving state assistance for child care.
All families served qualify as low or extremely low income family units.
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
By providing an accessible restroom and a compliant accessible ramp to the basement level of the church, the
proposed solution shall provide a reactivated space for a child care facility serving up to 35 pre-school children from
low income families.
20. Does the proposed project pay full property taxes? Yes
If yes, what is the estimated value of taxes generated from this Project? $1000/year
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
OYes ONo If yes, what is the percent of full taxes paid? % and amount paid is $
Public Facility, Planning & Other Projects 9 FY16 Mid -Year CDBG Funding Request
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Amount
Budgeted Expended Date All Units
Fiscal Year Funds Recv'd Amount (as of 10/8/15) Completed
FY13 (July 2012 - June 2013) $0 $0
FY14 (July 2013 - June 2014) $0 $0
FY15 (July 2014 - June 2015) $0 $0
FY16 (July 2015 - June 2016)* $0 $0
*Eight months remaining in FY16 at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? Yes
If "NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
The child care facility was opened in 2014 with a 15 child capacity.
In 2015, the facility increased its capacity of child care services to 30.
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
Since 2009, when our community outreach non-profit 501(c)(3) organization was established, we've participated in
many initiatives including partnering with others in the Coralville area to form a food pantry that serves the poor and
homeless. In our own efforts, at times, we've provided over 200 sandwiches twice per week as well as providing 45
hot meals once a week for the homeless.
In addition to our child care services we provide support to families who have recently moved to the area.
Immigrants have additional challenges beyond just being unfamiliar with the city. There may be language barriers,
and lack of support networks that long-time residents with family and friends can fall back on. We try to provide that
much needed support for families by offering meals, clothing, employment assistance, transportation, school
enrollment support, and assistance with housing.
The organization's structure is composed of the following staff:
Justin Matiyabo, Executive Director
Binua Matiyabo, Director
Please note: the requested funds shall not be allocated to the staff of the Community Serving Community Center.
Website: http://www.cscchildcare.com/
Public Facility, Planning & Other Projects 10 FY16 Mid -Year CDBG Funding Request
Public Facility, Planning, and Other Projects
1. Name of Project: Fairmeadows Park Playground
2. Total Amount of CDBG Funds Requested: $ 85,000
3. Applicant Name:
Applicant Address:
4. DUNS Number:
5. Contact Person:
Phone Number:
Email Address:
City of Iowa City
410 East Washington St., Iowa City
782621940
Geoff Fruin
319.356.5013
Geoff-fruin@i(ywa-dty.org
6. Location of proposed project: Fairmeadows Park
7. Brief summary of the proposed project (please limit response to a paragraph):
Grant Wood Elementary and Fairmeadows Park are integral open space areas identified in the South District.
Due to safety concerns and the age of the existing equipment, the focus of this project is the replacement of
outdated playground equipment originally installed approximately twenty years ago with new 'naturescape'
equipment. The proposed improvements will provide a safe environment that promotes physical activity and
meets outdoor recreation and fitness needs of the community.
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icoov.oro/actioni)lan).
Priority Need: Public Facility Improvements
An overarching goal of the Consolidated Plan is to provide a suitable living environment through safer, more
livable and accessible neighborhoods, greater integration of low and moderate income residents, and
reinvestment in aging neighborhoods. The City's Action Plan encourages funds dedicated to public infrastructure
in non -student, low/moderate income neighborhoods. An investment in Fairmeadows Park, within the South
District, helps the City to meet these identified goals.
9a. Tell us why this project is needed (include information from studies/research or other supporting documentation)
and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the project partners with
existing services/facilities, including whether other agencies will be housed in or will be allowed to use the
facility.
Support for the Fairmeadows Park Playground at Grant Wood addresses a gap identified in CITY STEPS
Consolidated Plan 2016-2020. The plan identifies Public Facility Improvements as a priority that addresses the
need for activities for unaccompanied youth. The City and School District have invested in recreation facilities in
the neighborhood, including gymnasiums available to the public after school hours at Grant Wood and Alexander
Elementary Schools. Yet, access to adequate playground facilities for children living in the Grant Wood area
continues to be an issue.
The limited resources of the families in the Grant Wood Elementary School attendance area, a Census Tract in
which 51 percent or more of households are below 80 percent of the median family income for Iowa City, are
less able to raise funds for needed park updates.
Public Facility, Planning & Other Projects 1 FYI Mid - Year CDBG Funding Request
9b. Will this project address the established priorities in the Cty's Strategic Plan? Please identify the priority(s).
(www.icqov.org/strateciicpla )
Neighborhood stabilization is identified as a priority in the City's Strategic Plan. Specifically, this project will
address the priority of preventing blight and stagnation in various neighborhoods. The existing playground
equipment has exceeded its useful life and needs to be updated with new facilities. The playground will also be
relocated to a different location in the park that will facilitate a better transition with the splash pad.
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development Commission
may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Expense Category
(e.g. salaries,
acquisition, rehab)
If possible, please
prioritize the budget
CDBG
Funds
Other Funds
List Source of
Other Funds
including
whether
Public or
Private
Type
Status
o
=
=
o
a
0
e
P/essepkcem"X"n fie box Mete &s:
ADA connections
$35,000
$
X
X
Playground
$50,000
$
X
X
$
$
Total
$85,000
$
Amount of private/agency/other funds
Amount of CDBG funds
Total Project Funding
Number of households assisted
Total cost per household
$ (a)
$85,000 (b)
$85,000 (c) (a t b)
3,593 (d) (see question 19)
$24/household (e) (c .' d)
Public Facility, Planning & Other Projects 2 FY16 Mid -Year CDBG Funding Request
Total CDBG Cost Per Household $24/household (f) (b = d)
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
hours
x $10 per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Total
$
12. What percentage of the proposed budget will be made up of private funds? No 0%
13. Describe what efforts have been taken to secure private or other public funding?
The neighborhood is in a low -moderate income neighborhood with limited disposable income. The Park would be
greatly assisted by new equipment. The existing playground equipment is at the end of its useful life and in
need of update.
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will he used for any project agreement for the use of CDBG
funding,
Date: Description of Activity:
December 1, 2015 Council approval of funding and project start date
January 1, 2015 Conduct environmental review
June 1, 2015 Bidding process for equipment and construction
September 1, 2015 Construction begins
November 1, 2015 Project completion
15. Explain why this project needs and is worthy of the requested public subsidy.
It is long standing tradition that parks are a gift to the citizens and therefore a fiscal responsibility of city
government. The land acquisition and previous construction costs were paid by the City through issuance of
General Obligation Bonds.
The replacement of the outdated playground equipment cannot be solely funded through local resources at this
time. Growing deferred maintenance projects, the unexpected drain on capital funds due to the 2006 Tornado
and 2008 Flood events, and the shrinking property tax base due to State reform have created significant budget
Public Facility, Planning & Other Projects 3 FYI Mid -Year CDBG Funding Request
pressures for the City of Iowa City. The playground updates are currently not programmed in the City's Five -Year
Capital Improvement Program and zero Neighborhood Open Space funds are available for this park These
factors compromise Iowa City's ability to construct this necessary update without grant assistance.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
The City will purchase equipment with a minimum useful lifespan of 20 years or more. The parks department will
continue to maintain the park grounds as usual.
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
The City is committed to completing the project, even with partial funding.
18. Please indicate the population to be served by the proposed project according to the income categories shown in
the Applicant Guide. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the CBBGAgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
963 households (a)
719 households (b)
675 households (c)
1,236 households (d)
3,593 households (e)
66% (atbtc)=e
100 %
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
The values above include the number of households in Census Tract 18 by income level.
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
N/A
20. Does the proposed project pay full property taxes? 7IYes ONo
If yes, what is the estimated value of taxes generated from this Project? $
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
7IYes ONo If yes, what is the percent of full taxes paid? %and amount paid is .$
Public Facility, Planning & Other Projects 4 FY16 Mid -Year CDBG Funding Request
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$
$
FY14 (July 2013 - June 2014)
$
$
FY15 (July 2014 - June 2015)
$
$
FY16 (July 2015 - June 2016)*
$
$
*Eight months remaining in FY16 at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? ❑x Yes 0 No
If "NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
N/A
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
Staff time will not be applied to the cost of this project. All federal funds will be used to purchase and install
playground equipment.
Public Facility, Planning & Other Projects 5 FY16 Mid -Year CDBG Funding Request
Existing playground equipment
IM 's ate `. s
Public Facility, Planning & Other Projects 6 FY16 Mid -Year CDBG Funding Request
Public Facility, Planning & Other Projects 7 FY16 Mid -Year CDBG Funding Request
Public Facility, Planning, and Other Projects
1. Name of Project: Prelude's Future
2. Total Amount of CDBG Funds Requested: $200,000
3. Applicant Name: Prelude Behavioral Services
Applicant Address:430 Southgate Ave., Iowa City, IA 52240
4. DUNS Number: 080310204
5. Contact Person: Ron Berg
Phone Number: 319-351-4357
Fax Number: 319-248-3826
Email Address: rberg@preludeiowa.org
6. Location of proposed project:
7. Brief summary of the proposed project (please limit response to a paragraph).
Prelude seeks to purchase property adjacent to our current properties on Southgate Avenue that will
allow for the expansion and improvement of our existing facilities and services. As changes continue
to impact the service delivery system it is increasingly evident that we will be expected to collaborate
with additional partners and provide medical and case management services that we do not currently
offer. In addition, our current residential center is overcrowded, does not offer space for recreational
activities and lounging that are important for individuals recovery program. Owning the property next to
us will allow us to pursue these improvements over time as resources become available.
Public Facility, Planning & Other Projects 3 FYI Mid -Year CDBG Funding Request
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icgov.org/actigDplan).
Priority Need:
Public Facility Improvements
9a. Tell us why this project is needed (include information from studies\research or other supporting documentation)
and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the project partners with
existing services/facilities, including whether other agencies will be housed in or will be allowed to use the
facility.
This project is needed to secure the future of Prelude Behavioral Services in our community. This project will
allow Prelude to buy the adjacent property, allowing for more space to provide services for more community
members in need of services. This expanded space will allow for Prelude to better provide: Integrated Health
Homes, Medication Assisted Treatment, Case Management, Family Services, Recreational Activities for clients
and space for privacy and lounging areas. These are all services that Prelude is currently unable to provide to
clients due to limited space available.
9b. Will this project address the established priorities in the Cty's Strategic Plan? Please identify the priority(s).
(www. icgov. org/strategicplan)
This project will address the established priority of Public Facilities Improvement and will serve the population of
Chronic Substance Abusers. This project will provide facility improvements for Prelude Behavioral Services to
better meet the needs of our clients and community by providing more space with the availability to serve more
clients, meet better accessibility for clients and staff.
Public Facility, Planning & Other Projects 4 FYI Mid -Year CDBG Funding Request
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development Commission
may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
List Source of
Type
Status
Expense Category
Other Funds
9
9
(e.g. salaries,
including
=
acquisition, rehab)
whether
a
If possible, please
CDBG
Public or
=
e
prioritize the budget
Funds
Other Funds
Private
Acquisition
$200,000
$
PlwsePneem"x"n Me box note &s:
Acquisition
$
$750,000
Sale of current
x
Withi
assets
n 4
Mont
hs
Acquisition
$
$600,000
Loan plus cash
x
Withi
reserves
n 4
Mont
hs
Financing costs
$
$15,000
$
$
Total
$200,000
$1,365,000
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
Number of persons assisted
Total cost per person
$ 1365000 (a)
$ 200,000 (b)
$ 1,565000 _ (c) (a t b)
657 (d) (see question 19)
$2382 (e) (c .' d)
Public Facility, Planning & Other Projects 5 FY16 Mid -Year CDBG Funding Request
Total CDBG Cost Per Person $304 (f) (b = d)
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor na
hours
x $10 per hour =
$
Skilled labor ( na )
hours
x $ per hour =
$
Skilled labor ( na )
hours
x $ per hour =
$
Total
$ na
12. What percentage of the proposed budget will be made up of private funds?
13. Describe what efforts have been taken to secure private or other public funding?
At the time of this grant submission, Prelude is seeking an agreement with the seller of the property to exchange
Prelude's current property at 238 Stevens Drive and 325 First Street as partial payment toward the purchase of
the adjacent property located on Boyrum Street. Prelude has engaged an architect to develop schematic plans
for the redevelopment of our current property at 430 Southgate to a dedicated residential treatment space and
move all outpatient operations to the new facility. Prelude has also engaged a fund raising consultant to conduct
a feasibility study for a capital campaign. That study suggests that Prelude would be able to expect to raise
$750,000 towards this project. The architect is also working with Prelude to develop a scaled back version of the
original plan to allow us to stage the build out and remodeling of current facilities in a manner that would allow
us to remain within our financial resources while still allowing us to expand to better serve our community.
Public Facility, Planning & Other Projects 6 FYI Mid -Year CDBG Funding Request
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will be used for any Project agreement for the use of CDBG
funding,
Date: Description of Activity:
December 1, 2015 Council approval of funding and project start date
December 31, 2015 We want to close the purchase this calendar year
January through June, 2016 Remodel and relocate Prelude staff to vacate current properties
15. Explain why this project needs and is worthy of the requested public subsidy.
This project is worthy of the requested public subsidy because it will allow Prelude to expand and serve more
community members in need. This expansion would be sufficient enough to allow Prelude to ensure sufficient
room for services so that an expansion would not be needed again.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
There is currently fundraising and the beginning stages of a capital campaign in place to prevent the likelihood
that this project would need further subsidy in the future. Prelude has a well -laid plan in place to prevent this
type of need from happening in the future.
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
If less funding is awarded, it would means that funds that could be used towards clients would need to be used
towards this project, thus depleting funds Prelude has for client needs.
Public Facility, Planning & Other Projects 7 FYI Mid - Year CDBG Funding Request
18. Please indicate the population to be served by the proposed project according to the income categories shown in
the Applicant Guide. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the CNBGAgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
436 persons
(a)
155 persons
(b)
48 persons
(c)
18 persons
(d)
657 persons
(e)
.97% (a+b+c)+e
60 %
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
Yes. Prelude has worked out an agreement with the seller of the new property to buy 2 of Prelude's current
properties as down payment. This would allow Prelude to use funding for this purchase to be used towards the
purchase amount, thus resulting in needing to request a less amount from funders.
20. Does the proposed project pay full property taxes? OYes x No
If yes, what is the estimated value of taxes generated from this Project? $
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
OYes xNo If yes, what is the percent of full taxes paid? %and amount paid is .$
Public Facility, Planning & Other Projects 8 FYI Mid -Year CDBG Funding Request
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$11,692
$11,692
4/16/13
FY14 (July 2013 - June 2014)
$23,850
$23,850
4/23/14
FY15 (July 2014 - June 2015)
$0
$0
FY16 (July 2015 - June 2016)*
$0
$0
*Eight months remaining in FY16 at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? XYes 0 No
If "NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
Prelude has received funding in the past.
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
There is no overhead cost related to this project other than $15,000 that is included in the budget for financing
costs associated with the purchase of the project
Public Facility, Planning & Other Projects 9 FY16 Mid -Year CDBG Funding Request
Public Facility, Planning, and Other Projects
1. Name of Project: Towncrest Investment L.P. Demolition
2. Total Amount of CDBG Funds Requested: $112,000
3. Applicant Name: Towncrest Investment, L.P.
Applicant Address: 2405 Towncrest Drive, Iowa City, IA 52240
4. DUNS Number: To be established
5. Contact Person: Ernest Stoppelmoor
Phone Number: 312.331.0925
Fax Number: None
Email Address: erniestop@iowatelecom.net
6. Location of proposed project:
1030-1070 William Street, at the intersection of Towncrest Drive and William Street. The project site is located in
the Southeast Planning District and in the Towncrest Urban Renewal Area.
7. Brief summary of the proposed project (please limit response to a paragraph).
Towncrest Investments, L.P. is the owner of property located at 1030 William Street in Iowa City. The owner is
applying to the City for CDBG funds to demolish a vacant and deteriorating property. The site is located within
the boundaries of the Towncrest Urban Renewal Area, which was designated by the City as a slum and blighted
area. The removal of the building and clearing of the site will encourage investment by making a currently
blighted site available for new development. The building that was previously used as a medical office building
has not tenants and no pending leased. The proposed demolitions meets the goals of the Towncrest Urban
Renewal Plan to diversify and broaden the property tax base, provide and protect areas for future commercial
development and foster strong community neighborhoods with a mix of housing, churches, schools, recreation
facilities, commercial areas, and historic landmarks. The value of the site will be improved once the existing
building is demolished and will make the redevelopment of the property much more likely.
Public Facility, Planning&Other Projects 3 FY16Mid-Year CDBG FbndingRequest
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icoov.oro/actionolan).
Priority Need: Economic Development
The project will assist the City to address its priority need of Economic Development. This need has been
identified in the CITY STEPS plan as a High priority for the City, and will improve conditions in Urban Renewal
Areas founded on slum and blight conditions. The project's subject property and site is located in the
Towncrest Urban Renewal Area.
Specifically, this project will address facade improvements in an Urban Renewal Area. The building is vacant,
old, and continues to deteriorate. It is important to demolish the building so that a more productive use can
be built on the site. The site was re -zoned for affordable senior housing in 2012, which is the anticipated
future use.
Public Facility, Planning&Other Projects 4 FY16Mid-YearCDBGFbndingRequest
9a. Tell us why this project is needed (include information from studies\research or other supporting
documentation) and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the
project partners with existing services/facilities, including whether other agencies will be housed in or will be
allowed to use the facility.
The CITY STEPS plan describes three overarching goals, one of which is to expand economic opportunities
through development activities that promote long-term community viability. This project proposes a private
site improvement to demolish an existing building that is currently vacant and contributing to the blighted
conditions of the Towncrest neighborhood. Removing this property will make way for new development
which will improve the neighborhood. Also this site has been rezoned to accommodate an affordable senior
development and this would help address the City's affordable housing goals. The development of that project is
not part of this application and would be owned and completed by a different organization.
CITY STEPS calls for facade improvements in Urban Renewal Areas as well as removal of architectural barriers.
The vacant structure is both unattractive and impedes further retail/office development in the corridor.
9b. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
(www. icoov. oro/strateoicolan)
This proposal will directly address an established priority as put forth in the City's Strategic Plan. The plan's first
priority is for Strategic Economic Development Activities. One area that has been specifically targeted for such
action is the Towncrest Neighborhood located in the Southeast Planning District. The applicant is proposing the
City support its efforts to redevelop part of the Towncrest Neighborhood by demolishing an unoccupied and
deteriorating building. The plan also states future plans will identify further redevelopment options in the district.
Clearing and preparing the site will make it available for development and attract new investment in the
neighborhood. This effort will also satisfy an objective of the Towncrest Urban Renewal plan to encourage the
revitalization of commercial and residential activity in the area.
Public Facility, Planning&Other Projects 5 FY16Mid-YearCDBGFbndingRequest
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. The Housing and Community Development
Commission may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Expense Category
(e.g. salaries,
acquisition, rehab)
If possible, please
prioritize the budget
CDBG
Funds
Other Funds
List Source of
Other Funds
including
whether
Public or
Private
Type
Status
=
Y
o
nr
r0a
y d
0
m
Demoiibon/Site clearing
$112,000
$
Pr�rey"' x t�r
$
$
Total
$112,000
$
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
Number of persons assisted
Total cost per person
Total CDBG Cost Per Person
(a)
$112,000 (b)
(c) (a t b)
(d) (see question 19)
$ N/A (e) (c - d)
(f) (b - d)
Public Facility, Planning&Other Projects 6 FY16Mid-YearCDBGFbndingRequest
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Not applicable.
Unskilled labor
hours
x $10 per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Total
$
12. What percentage of the proposed budget will be made up of private funds? 0.00%
13. Describe what efforts have been taken to secure private or other public funding?
We are in negotiations to sell the property for a new development project. The proposed buyer will be
responsible to provide any environmental or soil reports required for the demolition.
Public Facility, Planning&Other Projects 7 FY16Mid-YearCDBGFbndingRequest
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will be used for any project agreement for the use of CDBG
funding.
Date: Description of Activity:
December 1, 2015 Council approval of CDBG funding
June 30, 2016 Phase I completed
July 30, 2016 Demolition and site clearing begun
August 30, 2016 Demolition and site clearing completed
15. Explain why this project needs and is worthy of the requested public subsidy.
The proposed project will meet a number of goals as stated in several of the City's planning documents, such
as the City's Strategic Plan, Southeast District Plan, Towncrest Urban Renewal Plan, and the City Steps plan.
Additionally, removing a vacant and deteriorating building will have a positive and focused impact on a
neighborhood that the City has identified for Urban Renewal efforts and authorized to support with public
subsidy. The project will help to revitalize the area by eliminating blight and encourage investment and new
development in a renewal area.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
This application is solely for demolition of a commercial property that has become vacant and is deteriorating.
The applicant plans to sell the property to a developer that is able to successfully redevelop the property
according to the City's vision.
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
The applicant requests the cost for demolition and site clearing be fully funded with a CDBG award.
Public Facility, Planning&Other Projects 8 FY16Mid-YearCDBGFbndingRequest
18. Please indicate the population to be served by the proposed project according to the income categories shown
in the Applicant Guide. (Please Note: If thisapplicatron is funded, the information M this table will be
used as income targeting for the CDBGAgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
persons (a)
persons (b)
persons (c)
persons (d)
persons (e)
%a (atbtc)=e
%a
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
This application is solely for demolition of a commercial property that has become vacant and is deteriorating.
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
The project will eliminate blight and create an opportunity for redevelopment and encourage private
investment, thereby revitalizing the neighborhood and satisfying the goals as put forth in several City
planning documents.
20. Does the proposed project pay full property taxes? X Yes ONo
If yes, what is the estimated value of taxes generated from this Project? $40,000
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
OYes ONo If yes, what is the percent of full taxes paid? %and amount paid is $
Public Facility, Planning&Other Projects 9 FY16Mld-YearCDBGFbndingRequest
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status
of the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv d
Budgeted
Amount
Amount
Expended
(as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$
$
FY14 (July 2013 - June 2014)
$
$
FY15 (July 2014 - June 2015)
$
$
FY16 (July 2015 - June 2016)*
$
$
*Eight months remaining in FY16 at time of this application.
Not applicable.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? XYes 0 No
If"NO" or a matter is currently in litigation, please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
The demolition will be done by Portzen Construction, Inc. out of Dubuque, Iowa. The company possesses
over 25 years of construction experience that includes general construction, construction management,
demolition, site clearing, excavation, and carpentry for commercial, industrial, and residential structures.
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this
project.
The project's budget consists solely of costs for demolition and clearing the site.
Public Facility, Planning&Other Projects 10 FY16Mid-Year CDBGFbndingRequest
at
"4 CITY OF I O WA CITY
CITY OF IOWA CITY MEMORANDUM
Date: October 15, 2015
To: Housing and Community Development Commission
From: Kris Ackerson, Community Development Planner
Re: Request for Financial Assistance — Bilam Properties LLC
Introduction
The City received a request for financial assistance from Bilam Properties LLC (a SouthGate
Companies entity) to rehabilitate units in the Walden Ridge Townhomes development on Shady
Glen Court, Sylvan Glen Court, Bittersweet Court, and Clearwater Court. This memorandum
provides background information and staffs recommendation regarding the proposal. The
developer also proposes applying for Iowa Workforce Housing Tax Credits from the Iowa
Finance Authority (IFA) for this project. The developer's application for Community
Development Block Grant funds is attached for your review.
History/Background
SouthGate applied for and received CDBG funds in 2012 for the rehabilitation of the Orchard
Place condos at 1956-1960 Broadway Street in Iowa City. Today the vacancy rate for the project
is below one percent. Additionally, calls for assistance to the Iowa City Police Department have
been dramatically reduced between 2010 and 2015. The project has been a success and good
example of a public -private partnership.
There is concern that Pheasant Ridge and Walden Ridge are becoming hotspots in terms of calls
for police service and need reinvestment. According to SouthGate, Walden Ridge has seen
increasing vacancies (currently approximately 20 percent) in recent years and needs upgrades.
Bilam Properties LLC (a SouthGate Companies entity) is the current owner of 53 units in Walden
Ridge Townhomes. The developer proposes to acquire additional units for a majority stake on
the condominium board and rehabilitate interior and exterior spaces (see application enclosed).
The total project cost is estimated at $3.975 million and includes 53 units.
The condominium board recently approved a long-term budget of $500,000 for repairs to the
exterior.
Discussion of Solutions
The developer wants to acquire additional units to establish a majority stake in the properties
condominium regime. However, the City's affordable housing location model prohibits the
acquisition of subsidized rental housing in this location. The CDBG assistance is limited to
rehabilitation of only the units owned at the time the CDBG application was submitted.
The National Development Council reviewed the developer's budget and pro forma. Due to the
amount of equity in the project, the proposed improvements do not require grant funds to
produce a positive cash flow, even if the developer is unsuccessful getting Iowa Workforce
Housing Tax Credit funds.
To be clear, due to the use of federal funds the project would trigger Davis -Bacon wage
regulations, federal procurement procedures, relocation (if required) and Section 3
requirements. This project meets the City Strategic Plan Priority to ensure healthy
neighborhoods by promoting affordable housing and stabilizing neighborhoods.
October 15, 2015
Page 2
Recommendation
Staff recommends a CDBG loan of $600,000 to Southgate to rehabilitate 53 units with the
following financial terms: 15 year amortization, 15 year term, 3% full amortizing. Payments
would begin once the rehabilitation is completed. The proposed funding would limit rent to at
or below the CDBG Fair Market Rent for up to 5-10 years. 51% of the 53 households would
need to be below 80% of area median income.
Staff also supports the applicant applying for Iowa Workforce Housing Tax Credits for up to 10
units. This is the number of units that have been vacant at Walden Ridge for six months or
more and would qualify for the program.
Housing
Project Name: Walden Ridge Townhomes
Type of Project (check onef 0 Homeownership Rental 0 Tenant Based Rent Asst. 0 Rehabilitation
(Rental and Rental Rehabilitation projects require the completion of rental housing pro forma)
1. Lead Applicant Name: Bilam Properties LLC
Applicant Address: 755 Mormon Trek Blvd, Iowa City, IA, 52246
Contact Person and Title: Jerry Waddilove, Chief Operating Officer
Phone Number: 319-337-4195
E-mail Address: jwaddilove@southgateco.com
2. Lead Applicant DUNS Number:
3. Secondary Applicant (if applicable):
Applicant Address:
Contact Person and Title:
Phone Number:
E-mail Address:
4. Type of Applicant (check one).
0 Community Housing Development Organization 0 Private non-profit organization
0, Private for -profit, individual or partnership applicant 0 Public Organization
5. Amount of CDBG Funds Requested: $600,000
6. Provide a brief description of the proposed project & complete the table below.
As you know, SouthGate applied for and received CDBG funds in 2012 for the Rehabilitation of the Orchard Place
condos at 1956-1960 Broadway Street in Iowa City. Bilam Properties LLC (a SouthGate Companies entity) is the
current owner of 53 units in Walden Ridge Townhomes.
We believe the public -private partnership between SouthGate Companies and the City of Iowa City on Orchard
Place is a success we can both celebrate. As of this letter, we have only 1 vacancy of the 108 units in this
project. Furthermore, City staff has shared with us the study of service calls by the Iowa City Police Department
and how it has been dramatically reduced between 2010 and 2015.
This is a story that we would like to repeat at Walden Ridge on the west side of Iowa City. Unfortunately, some
of the service calls have concentrated in this area as well as Pheasant Ridge to the north. There have been
serious violent crime calls at Pheasant Ridge with shootings and drug -related incidents going on there, as
reported by the media. SouthGate's desire is to prevent Walden Ridge from becoming like the former Broadway
Condos or a current Pheasant Ridge.
Housing 2 FY16 Mid -Year CDBG Funding Request
Bilam Properties LLC would like to apply for a $600,000 grant to provide funding for rehabilitation. This would
include new cabinets, flooring, appliances, light fixtures, and the like. Our estimate is $20,000 per unit. 8 of the
units have already been rehabbed. Total rehab cost is projected to be $900,000. Our experience indicates we
are able to attract a higher quality resident when the units are rehabbed. We are requesting a grant due to the
higher cost relative to value or acquisition cost. The Walden Ridge Townhomes are worth approximately $75,000
each so putting $20,000 into them is a significant expense.
In addition to this request, the Walden Ridge Homeowners Associated Board voted, in early 2015, to approve a
long-term budget including $500,000 over 5 years to replace facades, fix landscaping, fix sidewalks and steps,
and repair retaining walls and decks.
Type of Units:
Total Number of Units Proposed:
Single Room Occupancy
Efficiency
1 - Bedroom
2 - Bedroom
5
3 - Bedroom
37
4+ Bedrooms
11
7a. Based on the City of Iowa City HOME Market Analysis Policy for New Rental Construction, Rental Rehab. &
Acquisition of Existing Homes (rental), or New Owner -Occupied Home Construction & Acquisition of Existing
Homes (owner -occupied), please identify the relevant market factors that will assist the City in verifying the
demand for the proposed housing. The HOME Market Analysis Policy may be found at
www.icgov.org/actionplan. (If the project is large or complicated, the City may require a Market Analysis to
support the project before entering a legally binding agreement for funds. This policyis not applicable to
projects requesting funds for tenant based rental assistance, homeowner rehabilitation, downpayment
assistance and CHDO operating expenses.)
Number of units for rent, rental prices and change in rental prices over the last 2 years.
Vacancy rate for rental units
Condition of building
7b. How will this project meet the needs identified in the 2016-2020 CITY STEPS (www.icgov.org/actionplan)
Rehabilitation of the Walden Ridge Townhomes will preserve these affordable housing units. Furthermore,
our experience with Orchard Place indicates we are able to attract a higher quality renter and we'll continue
with our Crime Free lease. This will provide a safer, more livable and accessible neighborhood.
7c. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
(www. i c9 ov. org/strateg i cp la n)
Yes, specifically, as noted above the rehabilitation project will help prevent stagnation of rental housing in this
part of Iowa City. In addition, an improvement in calls for crime will help reduce the stigma tied to affordable
housing.
8. Please specify the one most applicable priority need this application addresses, as shown in the 2016-2020
CITY STEPS Plan.
Priority Need: Preserving Existing Affordable Rental and Owner Housing Units
Housing 3 FY16 Mid -Year CDBG Funding Request
9. Please provide the requested loan terms and affordability period:
Loan
Affordability
Principal
Interest
Amortization
Period
Yearly
Amount
Rate
(Years)
(Years)
Payment
[Terms $
0%
15
15
Requested*
*Fnancing terms will be based on project feasibility and the ability to repay the loan. Terms approved by City
Council may be different than what is requested.
10a. Please complete the table below showing the types and amounts of funding being requested for the
proposed project. Please check the appropriate box if the funding source is committed. If not committed,
please indicate when the applicant will apply for funds in Question #15, Project Timetable.
Funding Source & Type of
Funding
Interest
Funds:
Amount
Rate
Amortization
Term
Committed?
Iowa City CDBG Funding
$600,000
DYes'ONo
(public)
State of Iowa HOME or
$
Dyes ONo
CDBG (public)
IFA — Low Income Housing
$
Oyes ONo
Tax Credits (public)
Bank Loan (private)
$2,439,750
Dyes '(S�No
Applicant Contribution of
$537,500
0,Yes ONo
Equity (private)
Other Public Resources
(please list)
Workforce Housing Tax
$397,750
Dyes �S),No
Credits
Other Private Resources
(please list)
$
Oyes ONo
TOTAL
$3,975,000
Housing 4 FY16 Mid -Year CDBG Funding Request
10b.
Please provide the uses of funds for the project.
loc.
Uses of Funds
Amount
Acquisition:
Building Acquisition (Fair Market Value)
$4,050,000
Land Acquisition
$
Site Improvements
$
Construction
$900,000
Professional Fees
$
Construction Finance
$
Permanent Finance
$
Developer Fee
$
Reserves
$
Other (please specify): Equity
$(975,000)
TOTAL (Must equal TOTAL in 10a.)
$3,975,000
Amount of Private Funds
$2,977,250
(a)
Amount of Public Funds
$997,750
(b)
Total Project Funding $3,975,000
(c) a t b
Number of bedrooms
165
(d)
Total Cost Per Unit
$75,000
(e) c+
#Unds
What percentage of the proposed budget will be made up of private funds?
75 %
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks. — N/A
Unskilled labor
hours
x $10 per hour =
$
Skilled labor ( )
hours
x $_ per hour =
$
Skilled labor ( )
hours
x $_ per hour =
$
Skilled labor ( )
hours
x $_ per hour =
$
Total
$
12. Please identify any identity of interest (IOI) relationships with the applicant and/or project owner, i.e. General
Partner has a financial interest in the construction company, etc.
Warn Properties LLC will utilize Southgate Construction LLC, a related company, to construct the
improvements on this project.
Housing 5 FY16 Mid -Year CDBG Funding Request
13. Describe what efforts have been taken to secure private or other public funding.
Bilam Properties has a current loan in place on the Walden Ridge Townhomes. Upon a decision on the Iowa
City CDBG application and Iowa Workforce Housing Tax Credits application, we plan to discuss refinance this
loan with a local lender. The Iowa Workforce Housing Tax Credit application is complete with the exception
of the Resolution of Support to be provided by The City of Iowa City.
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding). If
applicant plans to apply for funds not committed to the project yet, include the anticipated date for
application. Please Note: If funded, this schedule will be used for any project agreement for the
use of CDBG funding.
Date:
Description of Activity:
Nov 1, 2015
Submit completed Iowa Workforce Housing Tax Credit application
Nov 1, 2015
Discuss private local lender financing with lender
Dec 1, 2015
Project starts on 20% of the units
Jul 31, 2015
Project completed — rehab's taking place as residents move out or are
provided alternative housing
15. Briefly describe the project goals for providing or assisting in the preservation or expansion of affordable
housing in Iowa City, and how the project will benefit the targeted income group (e.g. goal of providing rental
housing to lower income persons without use of Section 8 rental assistance or level of subsidized rent
compared to market rates).
The goal of this project is to provide a safe, livable neighborhood in Iowa City that preserves affordable
housing. Asking rents are currently around $975 per month for a 3BR unit and $1,075 for a 4BR unit.
These are significantly lower than the Fair Market Rent of $1,182 per month and $1,420 per month,
respectively. Maintaining the affordable housing period will continue to keep these rentals affordable.
16. To help promote the efficient use of federal, state and local funding please describe how the project will maintain
long-term (in excess of CDBG program requirements) or permanent affordability; and, show how the project will
provide for affordable housing at rental rates or purchase price for owner -occupied housing units lower than
those in the existing market.
Asking rents are currently around $975 per month for a 3BR unit and $1,075 for a 4BR unit. These are
significantly lower than the Fair Market Rent of $1,182 per month and $1,420 per month, respectively.
Maintaining the affordable housing period will continue to keep these rentals affordable. The cash flow at
the asking rents is satisfactory to provide a reasonable return for the owner while meeting the goals of
affordable housing in Iowa City. The difference of Project Rents and Fair Market Rent represents a more
than 20% gap. It is unlikely this gap will be lessened over the short term due to market dynamics. In
addition, the density and location of this project to grocery, bus lines, and schools will help to continue to
keep it affordable.
Housing 6 FY16 Mid -Year CDBG Funding Request
17. Explain why this project needs and is worthy of the requested public subsidy.
The Walden Ridge Townhomes are worth approximately $75,000 each so putting $20,000 into them is a
significant expense. Furthermore, the public will benefit from a safer neighborhood that will serve low
and moderate income households. In addition, the public does not desire to have blighted neighborhoods
which this area could become if not for this project.
18. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
Reserves for maintenance items will be utilized in financing. In addition, the HOA has approved a 5-year
$500,000 exterior improvement plan. Completion of this will set up the exteriors for decades to come
and prudent management of the HOA will make sure future improvements will be planned for.
19. If partial funds are awarded, will the project/program continue? 0,Yes 0 No
If yes, at what level? Partial compared to the amount funded.
Reminder: Rental housing (including acquisition, rental rehab, and new
construction) projects MUST complete and submit the pro forma (excel
format) provided by the City with this application.
Rental housing applications submitted without the City's pro forma will
not be considered.
20. An objective of the City of Iowa City Comprehensive Plan is to promote a diversity of housing types and mix of
all income levels. Please describe the target population this project is to serve and how the project will
promote diversity within the neighborhood.
The target population of this project is families, young professionals, student households, and work force.
This project is existing, so it already provides a diversity of housing compared to the attached two-family
housing to its south and single family homes further west.
21. Identify the location of the proposed project.
Shady Glen Court, Sylvan Glen Court, Bittersweet Court, Clearwater Court
22. Also, please indicate the number of persons or households that will be served by the proposed project by
income category. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the CDBG Agreement).
Number between 0 - 30% median income
Number between 31 — 50% median income
Number between 51 — 60% median income
Number between 61 - 80% median income
Number over 80% median income
households (a)
households (b)
households (c)
_27 households (d)
_26 households (e)
Total _53 households (f)
Percent LMI _50 (a+b+c+d) + f
Housing 7 FY16 Mid -Year CDBG Funding Request
23. Does the proposed project pay full property taxes? �S.Yes 0 No
If YES, what is the estimated value of taxes generated from this Project? $95,000
If NO, does the proposed project make a Payment In Lieu Of Taxes or pay at a reduced rate?
OYes 0 No If yes, what is the percent of full taxes paid? % and amount paid is
24. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
N/A
Housing 8 FY16 Mid -Year CDBG Funding Request
25. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 10/8/15)
Date All Units
Completed
FY13 (July 2012 - June 2013)
$900,000
$900,000
December 2012
FY14 (July 2013 - June 2014)
$0
$
FY15 (July 2014 - June 2015)
$0
$
FY16 (July 2015 - June 2016)*
$0
$
*Eight months remaining in FY16 at time of this application.
26. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? 0 Yes 0 No
If "NO" or a matter is currently in litigation please provide the name of the case and explain the basis for the
case.
27. Please provide a narrative of the education and experience of the key staff who will be implementing the
development project. Staff does not include volunteers, board members and consultants. If utilized, please
identify what role a consultant will play in the development of this project.
See below - #29. Chris Villhauer will be the Property Manager.
Chris Villhauer has been with SouthGate Companies since December 2004 and currently is the Director of
Property Management. Chris' responsibilities include managing over 700 residential properties and
overseeing the leasing of apartments, condominiums, townhouses, duplexes, houses, and garages.
These properties are located in Iowa City, Coralville and North Liberty, Iowa.
Chris is a licensed Real Estate agent and has consistently exceeded the continuing education requirements for
Real Estate agents in the state of Iowa, including the following:
Mold Identification & Solutions
Meth & Its Makers: New Hazards in Housing
Developing Professional Conduct & Ethical Practices
The Basics (Listing & Buying Practices Combo)
Landlord and Tenant Law
REALTOR@ Safety
"Identity Theft: Protecting You and Your Clients"
Chris is a lifelong resident of Iowa City, Iowa.
28. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
Our Property Management Division will provide the leasing, maintenance, and tenant relations for this project.
We typically assess a 5% management fee for inter -company projects.
Housing 9 FY16 Mid -Year CDBG Funding Request
29. Provide a summary of your organization's portfolio. Include how many rental units you own/manage, how many
homes you have built/rehabilitated/sold and what projects are in the pipeline.
SouthGate Companies traces its humble beginnings to Polish immigrant David Braverman, who started a
business selling melons out of the back of a truck. That business grew into a grocery store and ultimately
Hawkeye Foods.
As Braverman's business grew, he began to invest in real estate in Iowa City and SouthGate was born in
1962.
SouthGate Companies has developed more than 600,000 square feet of commercial real estate including build
to suit properties, turnkey sales and multi -tenant facilities. Currently, SouthGate manages more than
300,000 square feet of office, retail and industrial space.
SouthGate's residential construction accomplishments include the development of more than 1,000
apartments, condominiums and single-family residences. Currently, SouthGate manages approximately
700 residential units, including condos, apartments, townhouses, duplexes and houses.
SouthGate Companies is directed by Jody Braverman, the youngest son of David Braverman.
Housing 10 FY16 Mid -Year CDBG Funding Request
Proforma Spread Sheet
FY16
Rental Housing Projects
Please enle,,nlb.bon na.Ve' febsh,ff xcel
Line
Description
Symbols
YR1
YR2
YR3
YR4
YR5
YR6
YR7
YR6
YR9
YR10
Revenues
+G. Rent
+O. Incarne
+T. e ntrnhotmn
$ 624,570 On
$ -
E
$ 637,06140
$
$
1
Gross Rental Income
$ 649,80263
$ 662,79868
$ 676,05465
$ 6n%575.75
$ 703,36726
$ 717,43461
$ 731,783.30
$ 746,41897
2
Other Income
$
$
E
$
E
8
8
8
3
Tenant Contributions
$
$
E
$
E
8
8
8
4
Gross Revenues
=G. Income
$ 624,570.00
$ 637,06140
$ 649,80263
$ 662,79868
$ 676,05465
$ 6n%57575
$ 703,36726
$ 717,43461
$ 731783DO
$ 746,418.97
5
Vacancy Loss
V.
$ 3122850
$ 31853.07
$ 32,490.13
$ 33,13993
$ 33802.73
$ 34,47879
$ 35,16836
$ 3587173
$ 36589.16
$ 37,320.95
(5%vac. Rate• crass Im-a
6
Effective Gross Income
EGI
$ 593,34150
$ 605,208 DO
$ 617,31250
$ 629,65875
$ 642,25192
$ 655,09696
$ 668, 19890
$ 681562 On
$ 695,19413
$ 709,09802
Operating Expenses
The total thedeals6
#7-10 shall be no
less than
$2750/und
$ 116596
g -
$ 3078198
1 $ 169,090 fib
$ 91,01205
$ 18550.00
$ 150994
$
$ 31705.44
$ 174,16338
$ 93,74241
$ 19,10650
7
Insurance
$ 155524
$ 160189
$ 164995
$ 169945
$ 175043
$ 180295
$ 185703
$ 1912.75
Maintenance &Structural Repairs
E
E
E
E
8
8
8
$
9
�Manaqement Fees
$ 3265660
$ 3363630
$ 3464539
$ 35684.75
$ 36,75529
$ 37,85795
$ 389m 69
$ 40,16350
10
Mis.. Operatinq Expenses
E 17%38828
E 184,76993
E 190,31303
E 196,02242
$ 201903 On
E 207,960.18
1E 214,19899
1 $ 220,62496
11
Property Tax
Resen7es(Operatingr nve no less Ilan Mann)
$ 9655468
$ 99,45132
$ 102,434.86
$ 105,507 91
$ 108,673.15
$ 11193334
$ 115,29134
$ 118,750 On
12
$ 1967970
$ 20,27009
$ 20,878.19
$ 21504.53
$ 22,14967
$ 22,81416
$ 23,49859
$ 24,20354
13
Total Operating Expenses
-OPR. Expenses
$7 310,90065
$ 320,2767
$ 329,834DO
$ 339,72953
$ 349,92142
$ 360,419. DO
$ 37123164
$ 382,358.58
$ 393,83964
$ 405,65483
14
Net Operating Income
-1401
$ 282,44085
$ 284,98066
$ 287,47800
$ 289,92921
$ 292,33050
$ 294,67790
$ 296,96726
$ 299,19429
$ 301,35449
$ 303,44319
15
Debt Service First Mortgage
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
$ 231,54900
E
16
Debt Service Subordinate Mortgage(s)
17
Total Debt Service
_MS
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54600
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
18
Cash Flow
-CF
$ 50,90085
$ 537,50000
95%
$ 53,44066
$ 55,93800
$ 58,38921
$ 60,79050
$ 63,13790
$ 65,42726
$ 67,65429
$ 69,81449
$ 71,90319
18(b)
Equity Investment In Project
$ 537,50000
$ 537,500 On
$ 537,50000
$ 537,50000
$ 537,500 On
$ 537,50000
$ 537,500 On
$ 537,50000
$ 537,50000
19
Cash -on- Cash ROI
CF
99%
104%
109%
11 3%
117%
122%
126%
130%
134%
casn Fow avma. E,A me.-.aIr.
oeucoverage Ram(aner 1eer4 sw(nenn(te man tm
wmff come ce errors Encena aC. Cso
Equity Inv,tt
OCR
1219836097
1230805306
1241591073
1252TH645
1262548591
1272686H8
1282574346
1292192679
1301522385
131054326
Line
YR1
YR2
YR3
YR4
YR5
YR6
YR7
YRB
YR9
YR10
terminino Taxes De
20
Cash Flow
CF
S W9W 85
$ 159,WOW
$
$ 53,44066
$ 159,WOW
8
$ 55938.00
$ W38921
S WJW50
E 63,13790
E 65,42726
542
$ 67,69
$ 6981449
$ 719W 19
21
Depreciation Expenses
-DEER
$ 159,WOW
$ 159,00000
$ 159,00000
E 159,00000
$ 159,00000
$ 159,WOw
$ 159,WOw
$ 159,WOw
22
Amortization of Fees
au oRTL
E
$ -
$ 127,000.00
$ 18,55000
$ -
$ 132,,000.W
$ 18,55000
$ -
$ 131000.00
$ 18,55000
$ -
$ 142,000.00
$ 18,55000
$ -
$ 141000.00
$ 18,55000
$ -
$ 152,000.00
$ 18,55000
$
$ 157
$ 18,5W00
23
Principal Payments
aP
24
Reserves
aRESERVES
$ 18,5w00 $ 18,5w00
$ 18,5w00
25
Eamings(Loss) Before Taxes
=EBTx
$ 214W 85
$ 299W 66
$ 37,488.00
$ 44,93921
$ 5234050
$ 5968790
$ 669H 26
$ 74,204.29
$ 81364.49
$ 88,453.19
26
x Tax Rate 35% or 0%
xRATE
35%
a5%
a5%
a5%
a5%
a5%
a5%
a5%
35%
a5%
27
Tax Incurred Saved
-TAX or(Seims)
$ 7,507.80
$ 10,4%73
$ 13,120.80
$ 15,72872
$ 1831918
$ 20,BW 76
$ 23,44204
$ 2597150
$ 28,4H 57
$ 309W 62
Cash Flow After Tax
28
Cash Flow
CF
$ W9W85
$ 53,44066
$ 55938.00
$ W38s 21
$ WJW50
$ 63,13790
$ 65,42726
$ 67,65429
$ 6981449
$ 719W 19
29
Tax Incurred Tax Saved
-TAX(+SAV)
$ 7,W7 W
$ 10,4%73
$ 13,120.80
$ 15,72872
$ 1831918
$ 20,BW 76
$ 23,44204
$ 2597150
$ 28,4H 57
$ 309W 62
30
Cash Flow After Tax
=CFATx
$ 43393.05
$ 4294 93
$ 4281720
$ 426W 49
$ 42,47133
$ 4224713
$ 4198522
$ 4168279
$ 413W 92
1 $ 40944.57
Line
Total Benefit Analysis
31
Cash Flow After Tax
CFATx
$ 43393.05
$ 4294 93
$ 4281720
$ 42,66049
$ 42,47133
$ 4224713
$ 4198522
$ 4168279
$ 413w 92
$ 40944.57
32
Rehabilitation Tax Credit
.RTe
$
8
8
8
8
$
8
$
$
33
Low Income Housing Tax Credit
.ueTe
$
$
$
$
$
$
$
$
$
34
I Net Sale Proceeds
+NSP
E
E
8
8
8
8
8
E
8
$
35
Total Benefits After Tax NCFAT
=NCFATx
$ 43393.05
$ 4294 93
$ 4281720
$ 426W 49
$ 42,47133
$ 4224713
$ 4198522
$ 41682.79
$ 413W 92
$ 40,944.57
36
Retum on Investment
Rod
807%
79 %
797%
794%
790%
786%
781%
775%
769%
762%
YR11
YR12
YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Revenues
$ 7613 7
$ 776,57429
$ 792,10578
$ 807,947.89
$ 824,10685
$ 840,588.99
$ 857,400A
$ 874,54878
$ 892,W9.76
$ 909,88055
1
Gross Rental Income
8
8
8
$
$
$
$
$
$
$
2
Other Income
$
8
8
$
$
$
E
8
8
$
3
Tenant Contributions
$ 761M7M
$ H6,57429
$ 792,10578
$ 807,94789
$ 824,10685
$ 840,58899
$ 857,40077
$ 874,54878
$ 892,W976
$ 909,88055
4
Gross Revenues
$ W,06737
$ 3882871
$ 396%29
$ 4039739
$ 412%34
$ 42,029.45
$ 4287004
$ 43,72744
$ 44,60199
$ 45,494.03
5
Vacancy Loss
(5%vac. Rates crass I-)
$ 723,27998
$ 737,74556
$ 752,W049
$ 761550 W
$ 782,%151
$ 798,55954
$ 814,53073
$ 830,82134
$ 847,4 7H
$ 864,W653
6
Effective Gross Income
Operating Expenses
$ 1970.13
$ 2,02923
$ 2,090.11
$ 2,15281
$ 2,217M
$ 2,283W
$ 2,35244
$ 2,42301
$ 2,49570
$ 2,57057
7
Insurance
$
$
8
8
E
E
E
E
8
E
8
Maintenance & Structural Repairs
$ 41368.41
$ 426W 46
$ 4388774
$ 4520438
$ 465W51
$ 47,95732
$ 493%04
$ W8A.92
$ 52,40426
$ 5397639
9
Man ag em ent Fees
$ 227,24371
$ 234,06162
$ 24198285
$ 248,31533
$ 255,76479
$ 263,4 774
$ 27134087
$ 279,481.10
$ 287,86553
$ 296,W150
10
Misc.O Operating Expenses
$ 122,312W
$ 125,%l%
$ 129,76142
$ 133,65426
$ 137,66389
$ 14179381
$ 146,04762
$ 150,429%
$ 154,WW
$ 159,590.18
11
Pf0 a Taxes
$ 24,929.65
$ 256A.54
$ 26,44786
$ 27,24130
$ 28,0W54
$ 2890030
$ 29,76730
$ 306W 32
$ 3158(1.13
$ 3252754
12
Reserves
$ 417,82448
$ 430,35921
$ 443,2692
E 456,W809
E 470,265.13
$ 484.171H
$ 4HW427
$ 513,87140
$ 529,2875
$ 545,166.17
13
Total eratin EX en.
$ 305,45550
$ 307,38637
$ 30923050
$ 31498241
$ 31263638
$ 314.18846
$ 31962645
$ 316,94994
$ 31815023
$ 319,M35
14
Net eratin Income
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
$ 23L54000
E
15
Debt Service First Mortgage
16
Debt Service Subordinate Mortgage(s)
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
$ 231,54000
17
Total Debt Service
$ 73,91550
$ 75,84637
$ 77,69050
$ 79,44241
$ 81,0%38
$ 82,64646
$ 84,08645
$ 85,40994
$ 86,61023
$ 87,68035
18
Cash Flow
$ W,W000
$ W,W000
$ W,W000
$ W,W000
$ W,W000
$ 537,50000
$ 537,50000
$ 537,500.00
$ 537,W000
$ 537,W000
18(b)
Equity Investment In Project
138%
141%
145%
148%
151%
154%
156%
159%
161%
163%
19
Cash -on- Cash ROI
-.-.aeova
1 319234265
1 327573495
1 33 W146
1 343104485
1 350247818
1 356942456
1 W3161676
1 WEOH692
1 374061612
1 378683401
oew coverage RSlo
YR11
YR12
I YR13
YR14
YR15
YR16
YR17
YR18
YR19
YR20
Line
Description
Determinino Taxes
$ 7391550
$ 7584637
$ T,6W50
$ 79,44241
$ 810%38
$ 8,M 46
$ 84,08G.45
$ 85,40994
$ 8661023
$ 87,6w35
20
Cash Flow
$ 159,00000
$ 159,00000
$ 159,000w
$ 159,00000
$ 159,00000
$ 159,00000
$ 159,00000
$ 159,000w
$ 159,00000
$ 159,000w
21
Depreciation Expenses
8 -
162,000.00
$ 18,55000
$ -
$ 167,000.00
$ 18,550 00
$ -
$ 172,000.00
$ 18,55000
$ -
$ 1]],000.00
$ 18,55000
$
$ 182,
$ 18,5W00
E
E
$ -
$ 19100000
$ 18,550 00
$ -
$ 202,00000
$ 18,55000
$ -
$ 207,000.00
$ 18,550 001
22
Amortization of Fees
23
Principal Payments
$ 18,5W00
$ 18,5W00
24
Reserves
$ 95,46550
$ 102,39637
$ 109,240W
$ 115,99241
$ 122,646W
$ 129,19646
$ 135,63645
$ 14195994
$ 148,16023
$ 154,23035
25
Earnings (Loss) Before Taxes
a5%
a5%
a5%
35%
a5%
a5%
a5%
a5%
a5%
a5%
26
x Tax Rate 35% or 0%
$ 32,41293
$ 3,BW 73
$ 38234.18
$ 49597 34
$ 4292623
$ 4521876
$ 47,47276
$ 4968598
$ 51856.08
$ 539&1.62
27
Tax Incurred Saved
Cash Flow After Tax
$ 7391550
$ 7584637
$ H,6W50
$ 79,44241
$ 810%38
$ 8 ,M 46
$ 84,08G.45
$ 85,40994
$ 8661023
$ 87,6w35
28
Cash Flow
$ 33,41293
$ 3 ,BW 73
$ 38234.18
$ 49597 34
$ 4292623
$ 4521876
$ 47,47276
$ 4968598
$ 51856.08
$ 539&1.62
29
Tax Incurred Tax Saved
$ 4950258
1 $ 4,007 64
1 $ 39,4%33
$ 38845.0]
1 $ W,17015
$ 37,42]]0
$ 3661370
$ 35,]2396
$ 34j54.15
1 $ 326%73
30
Cash Flow After Tax
Line
Total Benefit Analysis
$ 4950258
$ 49,00764
$ 39,4%33
$ 38845.07
$ W,17015
$ 37,42]]0
$ 3661370
$ 35,]2396
$ 34j54.15
$ 326%73
31
Cash Flow After Tax
8
$
8
$
$
E
$
$
$
$
32
Rehabilitation Tax Credit
$
$
$
$
$
$
$
$
$
E
$
$
33
Low Income Housing Tax Credit
8
$
$
$
$
$
E
8
34
1 Net Sale Proceeds
$ 40502.58
$ 49,00764
$ 39,4933
$ 38845.07
$ W,1]015
$ 37,42]]0
$ 3661370
$ 35,]2396
$ 34254.15
$ 33,69973
35
Total Benefits After Tax NCFAT
]54%
]44%
7 34%
723%
7.10%
6%%
681%
665%
647%
627%
36
Return on Investment
� r
nI&
CITY OF IOWA CITY
Housing
Application for FY2016 CDBG/HOME funds
■ Complete Application. Should you have any questions while completing the
application contact Neighborhood Services staff at 319.356.5230 or by email at
tracy-hightshoe@iowa-city.org.
■ Submit the original application to the City of Iowa City, Neighborhood Services. The
application may not be longer than 13 pages (17 pages including the 20-year
proforma), must be typed (10 point font or larger), and must be single sided.
■ Rental housing projects (rehabilitation or new construction) MUST complete and
submit the proforma (excel format) provided by the City with this application.
■ Send your application by certified or registered mail; overnight delivery service
e.g., Federal Express; deliver in person and have the application date/time stamped
by a Neighborhood Services representative OR email the completed application to
trace-hightshoeCa>iowa-citv.org. Emailed applications must receive a confirmation
email from City staff before the application deadline to be eligible for funding.
■ Please remember that only one project proposal may be submitted on each
application. Please use separate applications for each project proposal.
Housing
Project Name:
Type of Project (check onef 0 Homeownership 0 Rental 0 Tenant Based Rent Asst. 0 Rehabilitation
(Rental and Rental Rehabilitation projects require the completion of rental housing pro forma)
1. Lead Applicant Name:
Signature:
Applicant Address:
Contact Person:
Title:
Phone Number:
Fax Number:
E-mail Address:
DUNS Number:
2. Secondary Applicant (if applicable):
Signature:
Applicant Address:
Contact Person:
Title:
Phone Number:
Fax Number:
E-mail Address:
3. Type of Applicant (check one).
0 Community Housing Development Organization
0 Private for -profit, individual or partnership applicant
4. Amount of HOME/CDBG Funds Requested: $
0 Private non-profit organization
0 Public Organization
5. Did you attend the Applicant Workshop? ONO
0 YES - Please indicate date attended: 0 12/18/14 or 0 1/5/15
Housing 7 FYI CDBG/HOME Funding Request
6. Provide a brief description of the proposed project & complete the table below.
Total Number of Units Proposed:
Type of Units:
Number of Units:
Single Room Occupancy
Efficiency
1 - Bedroom
2 - Bedroom
3 - Bedroom
4+ Bedrooms
7a. Based on the City of Iowa City HOME Market Analysis Policy for New Rental Construction, Rental Rehab. &
Acquisition of Existing Homes (rental), or New Owner -Occupied Home Construction & Acquisition of Existing
Homes (owner -occupied), please identify the relevant market factors that will assist the City in verifying the
demand for the proposed housing. The HOME Market Analysis Policy may be found at
www.icqov.org/actionplan.
(If the project is large or complicated, the City may require a Market Analysis to support the project before
entering a legally binding agreement for funds. This policy is not applicable to projects requesting funds for
tenant based rental assistance, homeowner rehabilitation, downpayment assistance and CHDO operating
expenses.)
7b. How will this project meet the needs identified in the 2016-2020 CITY STEPS (www.icgov.org/actionplan)
7c. Will this project address the established priorities in the City's Strategic Plan? Please identify the priority(s).
(www. i cg ov. org/strateg i cp la n)
8. Please specify the one most applicable priority need this application addresses, as shown in the 2016-2020
CITY STEPS Plan.
Priority Need:
Housing 2 FYI CDBG/HOME Funding Request
9. Please provide the requested loan terms and affordability period:
Loan
Affordability
Principal
Interest
Amortization
Period
Yearly
Amount
Rate
(Years)
(Years)
Payment
[Terms $
Requested*
*Fnancing terms will be based on project feasibility and the ability to repay the loan. Terms approved by City
Council may be different than what is requested.
10a. Please complete the table below showing the types and amounts of funding being requested for the
proposed project. Please check the appropriate box if the funding source is committed. If not committed,
please indicate when the applicant will apply for funds in Question #15, Project Timetable.
Funding Source & Type of
Funds:
Funding
Amount
Interest
Rate
Amortization
Term
Committed?
Iowa City CDBG or HOME
Funding (public)
$
OYes ONo
State of Iowa HOME or
CDBG (public)
$
OYes ONo
IFA — Low Income Housing
Tax Credits (public)
$
OYes ONo
Bank Loan (private)
$
OYes ONo
Applicant Contribution of
Equity (private)
$
OYes ONo
Other Public Resources
(please list)
$
OYes ONo
Other Private Resources
(please list)
$
OYes ONo
TOTAL
$
Housing 3 FYI CDBGIHOME Funding Request
10b. Please provide the uses of funds for the project.
Uses of Funds
Amount
Acquisition:
Building Acquisition
$
Land Acquisition
$
Site Improvements
$
Construction
$
Professional Fees
$
Construction Finance
$
Permanent Finance
$
Developer Fee
$
Reserves
$
Other (please specify):
$
TOTAL (Must equal TOTAL in 10a.)
$
Amount of Private Funds
Amount of Public Funds
Total Project Funding
Number of bedrooms
Total Cost Per Unit
(a)
(b)
(c) a t b
(d)
(e) c + #
Units
loc. What percentage of the proposed budget will be made up of private funds? %
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
Skilled labor ( )
Skilled labor ( )
Skilled labor ( )
hours x $10 per hour
hours x $_
per hour =
hours x $_
per hour =
hours x $_
per hour =
Total
12. Please identify any identity of interest (IOI) relationships with the applicant and/or project owner, i.e. General
Partner has a financial interest in the construction company, etc.
Housing 4 FYI CDBG/HOME Funding Request
13. Describe what efforts have been taken to secure private or other public funding.
14. Program regulations require a 25% match for HOME funding. Describe how your organization or the proposed
project will help the City of Iowa City meet this match requirement for local HOME funds.
Local HOME funds requested:.$ x .25 = .$ Loca/Match
15. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding). If
applicant plans to apply for funds not committed to the project yet, include the anticipated date for
application. Please Note: If funded, this schedule will be used for any project agreement for the
use of CDBG\HOME funding.
Date: I Description of Activity:
July 1, 2015 1 Beginning of City Fiscal Year and Project Start Date
16. Briefly describe the project goals for providing or assisting in the preservation or expansion of affordable
housing in Iowa City, and how the project will benefit the targeted income group (e.g. goal of providing rental
housing to lower income persons without use of Section 8 rental assistance or level of subsidized rent
compared to market rates).
17. To help promote the efficient use of federal, state and local funding please describe how the project will maintain
long-term (in excess of CDBG\HOME program requirements) or permanent affordability; and, show how the
project will provide for affordable housing at rental rates or purchase price for owner -occupied housing units
lower than those in the existing market.
Housing 5 FYI CDBGIHOME Funding Request
18. Explain why this project needs and is worthy of the requested public subsidy.
19. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
20. If partial funds are awarded, will the project/program continue? 0 Yes
If yes, at what level?
W
Reminder: Rental housing (including rental rehabilitation) projects
MUST complete and submit the pro forma (excel format) provided by
the City with this application.
Rental housing applications submitted without the City's pro forma will
not be considered.
21. An objective of the City of Iowa City Comprehensive Plan is to promote a diversity of housing types and mix of
all income levels. Please describe the target population this project is to serve and how the project will
promote diversity within the neighborhood.
22. Identify the location of the proposed project.
23. Also, please indicate the number of persons or households that will be served by the proposed project by
income category. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the CDBG\HOME Agreement).
Number between 0 - 30% median income
Number between 31 — 50% median income
Number between 51 — 60% median income
Number between 61 - 80% median income
Number over 80% median income
Total
Percent LMI
households (a)
households (b)
households (c)
households (d)
households (e)
households (f)
(a+b+c+d) + f
Housing 6 FYI CDBGIHOME Funding Request
24. Does the proposed project pay full property taxes? 0 Yes 0 No
If YES, what is the estimated value of taxes generated from this Project? $
If NO, does the proposed project make a Payment In Lieu Of Taxes or pay at a reduced rate?
OYes 0 No If yes, what is the percent of full taxes paid? % and amount paid is
25. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
26. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 12/31/14)
Date All Units
Completed
FY12 (July 2011 - June 2012)
$
$
FY13 (July 2012 - June 2013)
$
$
FY14 (July 2013 - June 2014)
$
$
FY15 (July 2014 - June 2015)*
$
$
*Six months remaining in FY15at time of this application.
27. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? 0 Yes 0 No
If "NO" or a matter is currently in litigation please provide the name of the case and explain the basis for the
case.
28. Please provide a narrative of the education and experience of the key staff who will be implementing the
development project. Staff does not include volunteers, board members and consultants. If utilized, please
identify what role a consultant will play in the development of this project.
29. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
30. Provide a summary of your organization's portfolio. Include how many rental units you own/manage, how many
homes you have built/rehabilitated/sold and what projects are in the pipeline.
Housing 7 FYI CDBG/HOME Funding Request
�r
a
=I%-
CITY OF IOWA CITY
Public Facility, Planning & Other Projects
Application for FY2016 CDBG/HOME funds
■ Complete Application. Should you have any questions while completing the
application contact Neighborhood Services staff at 319.356.5230 or by email at
tracy-hightshoe@iowa-city.org.
■ Submit the original application to the City of Iowa City, Neighborhood Services. The
application may not be longer than 10 pages, must by typed (10 point font or
larger), and must be single sided.
■ Send your application by certified or registered mail; overnight delivery service
e.g., Federal Express; deliver in person and have the application date/time stamped
by a Neighborhood Services representative OR email the completed application to
tracy-hiahtshoe@iowa-city.org. Emailed applications must receive a confirmation
email from City staff before the application deadline to be considered for funding.
■ Please remember that only one project proposal may be submitted on each
application. Please use separate applications for each project proposal.
Public Facility, Planning & Other Projects
1. Name of Project:
2. Total Amount of CDBG Funds Requested: $
3. Applicant Name:
Applicant Address:
DUNS Number:
Signature:
4. Contact Person:
Phone Number:
Fax Number:
Email Address:
5. Location of proposed project:
6. Did you attend the Applicant Workshop? O NO
O YES - Please indicate date attended: 7112/18/14 or O 1/5/15
7. Brief summary of the proposed project (please limit response to a paragraph).
8. Please specify the one most applicable priority need this application addresses, as shown in CITY STEPS
2016-2020 (www.icoov.oro/actionolan or review Application Guide).
Priority Need:
Public Facility, Planning & Other Projects I FYI CDBGIHOME Funding Request
9a. Tell us why this project is needed (include information from studies\research or other supporting documentation)
and how it fills a gap in the community as outlined in CITY STEPS. Also, indicate how the project partners with
existing services/facilities, including whether other agencies will be housed in or will be allowed to use the
facility.
9b. Will this project address the established priorities in the Cty's Strategic Plan? Please identify the priority(s).
(www.icciov.org/strategici)la )
10. Provide a budget breakdown for your specific project. Complete the various categories appropriate for your
project. Use categories such as property acquisition, architectural expenses, construction costs, material and
administrative costs, etc. for construction/rehabilitation projects. The budget breakdown should only
include those costs directly related to the project. If a construction project, provide the total estimated
costs of the project, but do not include operational expenses or expenses not directly related to the construction
project. Under the "status" column, indicate if funds are anticipated or committed for each source of funds. If
anticipated, include the date the funds will be available if awarded funding. Please include the cost of an audit
for any organization that expects to receive over $500,000 from all federal sources. Also include a budget for the
other items under Budget Considerations in the FY15 Applicant Guide.
Document Costs Whenever Possible. A construction estimate is strongly encouraged for all
rehabilitation or new construction projects. PLEASE NOTE: The Housing and Community
Development Commission may request a copy of your overall agency budget.
Budget Breakdown
(Include only those costs directly related to the project.)
Expense Category
(e.g. salaries,
acquisition, rehab)
If possible, please
prioritize the budget
CDBG
Funds
Other Funds
List Source of
Other Funds
including
whether
Public or
Private
Type
Status
=
x
9
a
r d
9
Ic
Please place an 'X"in the
box that applies:
$
$
$
$
$
$
$
$
Total
$
.$
Public Facility, Planning & Other Projects 2 FYI CDBGIHOME Funding Request
Amount of private\agency\other funds
Amount of CDBG funds
Total Project Funding
Number of persons assisted
Total cost per person
Total CDBG Cost Per Person
(a)
(b)
(c) (a t b)
(d) (see question 19)
(e) (c = d)
(f)(b=d)
11. If volunteers are used please describe how these volunteers are utilized for the proposed activity and
estimate the amount of volunteer time and value dedicated to the identified tasks.
Unskilled labor
hours
x $10 per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Skilled labor ( )
hours
x $ per hour =
$
Total
$
12. What percentage of the proposed budget will be made up of private funds?
13. Describe what efforts have been taken to secure private or other public funding?
14. Briefly outline the proposed timetable for the commitment and expenditure of the funding being requested
(include other project factors such as rezoning, construction schedule, or application(s) for other funding).
Please Note: If funded, this schedule will he used for any project agreement for the use of CDBG
funding,
Date: Description of Activity:
July 1, 2015 Beginning of City Fiscal Year and Project Start Date
Public Facility, Planning & Other Projects 3 FYI CDBG/HOME Funding Request
15. Explain why this project needs and is worthy of the requested public subsidy.
16. If funding is granted for this project, what steps are in place to decrease the likelihood it will require further
subsidy in the future?
17. In what manner or form will the project proceed if it is awarded less than full funding? If the project has several
individual components, please prioritize them according to your needs.
18. Please indicate the population to be served by the proposed project according to the income categories shown in
the Applicant Guide. (Please Note: If this application is funded, the information in this table will be
used as income targeting for the ENBGAgreement).
Number between 0 - 30% median income
Number between 31 - 50% median income
Number between 51 - 80% median income
Number over 80% median income
Total
Percent LMI
Percent Iowa City Residents
persons
(a)
persons
(b)
persons
(c)
persons
(d)
persons
(e)
(atbtc)=e
Please describe the basis or methodology used to estimate the number of clients to be served
(i.e. survey, last year's reports, etc.)
19. Does your project represent an innovative solution to meet the specific need it is intended to satisfy? If so,
please explain.
Public Facility, Planning & Other Projects 4 FYI CDBGIHOME Funding Request
20. Does the proposed project pay full property taxes? OYes ONo
If yes, what is the estimated value of taxes generated from this Project? $
If property taxes are not paid, does the proposed project pay a Payment In Lieu of Taxes or a reduced tax rate?
OYes ONo If yes, what is the percent of full taxes paid? % and amount paid is .$
21. Please list amount of CDBG and/or HOME funds received within the last four City fiscal years and the status of
the project(s) undertaken. (City fiscal year July 1 to June 30)
Fiscal Year Funds Recv'd
Budgeted
Amount
Amount
Expended
(as of 12/31/14)
Date All Units
Completed
FY12 (July 2011 - June 2012)
$
$
FY13 (July 2012 - June 2013)
$
$
FY14 (July 2013 - June 2014)
$
$
FY15 (July 2014 - June 2015)*
$
$
*Six months remaining in FY15at time of this application.
22. Is the applicant (including partners, co -applicants, etc.) currently in compliance with all federal, state and
local laws, rules and regulations, including any CDBG and/or HOME funded projects? 0 Yes 0 No
If "NO" or a matter is currently in litigation please give the name of the case and explain the basis for the case.
23. If the applicant has not received HOME/CDBG funds in the past three years, please provide evidence of your
organization's administrative capacity, financial skills, commitment and/or experience to undertake and
complete the proposed project within the established timetable and budget.
24. Please describe your organization's structure, officers and staff, as it relates to the overhead cost for this project.
Public Facility, Planning & Other Projects 5 FYI CDBG/HOME Funding Request
r
CITY OF IOWA CITY
MEMORANDUM
Date: August 25, 2015
To: Tom Markus, City
From: Douglas Boothroy,
Re: Riverfront Crossing
Introduction:
At the January 6, 2015 City Council meeting, Council directed the staff to convene an ad -hoc
work committee to study and develop the fundamental principles that would be the basis for an
IH requirement for the Riverfront Crossings area. This direction was consistent with the
discussion and recommendations found in the December 15`", 2014 Staff memo (see attached).
The ad -hoc work committee has completed its work and unanimously recommends that Council
proceed with the development and adoption of an IH ordinance based on the recommendations
outlined below.
Background:
In designing IH requirements for the Riverfront Crossings area, it's important to note that a
number of City studies document that the lack of affordable housing is a growing community
issue. The 2013 Iowa City Comprehensive Plan and the Riverfront Crossings Plan both support
measures to increase the supply of affordable housing and recognize the public benefit of mixed
income neighborhoods. The 2016-2020 City STEPS, 2014 Analysis of Impediments to Fair
Housing, and the 2014 Metropolitan Planning Organization's update of the 2007 Housing
Market Analysis all suggest policy and program initiatives to increase the supply of affordable
housing; use of IH requirements are identified as one such approach.
Committee Process:
Over the past six months, the ad -hoc work committee (composed of developers, a banker, and
affordable housing advocates) held a series of meetings to consider the possibility of requiring
affordable housing in Riverfront Crossings in exchange for zoning to a Riverfront Crossings
designation (includes density bonuses and mixed use options), and/or use of Tax Increment
Financing (TIF) for a development. Early in their deliberations, the committee agreed that, if an
IH regulation was established, it should: be designed to increase production of a relatively
permanent supply of affordable housing; be achievable; and, ensure that the amount of below
market -rate housing leveraged results with no net cost to a developer. Committee members
agreed that if IH requirements are to be effective, they must be workable and make sense to the
development community.
Using these parameters, the committee reached unanimous agreement on the following
fundamental principles upon which an IH regulation for the Riverfront Crossings area should be
based.
August 25, 2015
Page 2
Recommended Fundamental Principles of an Inclusionary Housing Regulation
PRINCIPLE #1 — Provision of inclusionary housing should be mandatory, not
voluntary.
Inclusionary Housing is mandatory
• When the City participates financially (e.g. TIF) in a development that includes
residential units regardless of zoning designation.
• When property is zoned a Riverfront Crossings zoning designation.
Comment
These mandatory requirements guarantee that affordable housing is created with new
residential development. The affordable housing requirement applies only when the City
participates financially and/or when a property is zoned to a Riverfront Crossings
designation (allows higher densities and mixed uses).
PRINCIPLE #2 — A percentage of units in a development should be set aside for
housing that is affordable for an established period of time.
Set -aside percentage and term of affordability:
When the City participates financially in a development, 15% of the residential units must
be affordable for a minimum term of 20 years, or the life of the TIF, or term of
developer's agreement, whichever is longer.
• When the City is not participating financially in a development, 10% of the residential
units must be affordable for a minimum term of 10 years.
Comment
Set -aside percentage is the requirement that a portion (percentage) of the total number of
residential units be affordable. The set -aside strongly impacts development revenues
possible financial viability of a project. Set -aside percentages generally range from 10 to 20
percent in 1H ordinances. The committee recommends a 15% set -aside if the City provides
financing and a 10% set -aside if no public financing is involved.
Term of affordability is the length of time residential units must stay affordable. Affordability
terms range from 10 to 99 years in lH ordinances. To protect the public's investment in
affordable housing, the committee recommends a minimum of 20 year term of affordability
when TiF is used.
PRINCIPLE # 3 — Project size should be considered and a threshold established
for a set -aside requirement.
Development size threshold:
• Developments that include 10 or more residential units are subject to the set -aside
requirement.
August 25, 2015
Page 3
Comment
Threshold size is the number of units that "trigger" the affordable housing set -aside
requirement. The 10-unit threshold will require most new developments to include
affordable housing while also recognizing that an inclusionary housing requirement for
small projects is often not practical or financially feasible.
PRINCIPLE #4 — Requirements should be appropriate for the type of development
(rental vs. owner -occupied housing).
Type of development:
• Rental projects are required to provide affordable units within the development unless
the developer qualifies for a hardship exemption to provide a 'fee -in -lieu'.
Owner -occupied projects may choose to pay a 'fee -in -lieu' for their affordable housing
obligation, or may offer affordable for -sale units to non -profits for management and re-
sale to income -qualifying owners. Proceeds from the 'fee -in -lied fund may be used for
down payment assistance for income -qualifying households purchasing owner -occupied
units.
Comment
Affordable rental housing is the community's greatest housing need. Affordable rental units
must be developed on -site unless the development qualifies for a hardship exemption to
provide a 'fee -in -lieu' (see below). To create economically integrated neighborhoods,
affordable housing units must be built within each development. This on -site requirement
prevents affordable housing from being clustered and prevents income -based
concentrations within the Riverfront Crossings area.
Developments designed for owner -occupied units are allowed to provide either a 'fee -in -
lieu' or provide units on -site. This flexibility is provided because it is more difficult for low
income families to qualify for mortgages. If the City participates financially, owner -occupied
units could be required to be on -site through the developer's agreement.
PRINCIPLE #5 — Alternatives to the on -site affordable housing set -aside should
be provided.
Alternatives:
'Fee -in -lieu' contributions. These contributions may include money, land or other in -kind
contributions. Rental projects may appeal on site requirement in exchange for a 'fee -in -
lieu' option. This may be provided off -site but only within the Riverfront Crossings Area.
Comment
A 'fee -in -lieu' contribution allows a developer to make a cash payment instead of
constructing the required affordable housing units. The fee is to be based on the financial
.gap between market rate units and affordable units. These payments are deposited into an
affordable housing fund or managed by the City to fund/assist other affordable housing
opportunities. Fee -in -lieu provisions are common in 1H ordinances to provide flexibility and
to acknowledge that affordable housing may not be practical ( e.g. a development loses
money as an unavoidable consequence of the IH requirement). Fees allow for the creation
August 25, 2015
Page a
of an affordable housing fund to provide housing in other locations, fund non -profits,
provide down -payment assistance for home ownership, or other similar types of affordable
housing funding.
PRINCIPLE #6 — Funds created from `fee -in -lieu' contributions should be used to
create an Affordable Housing Fund for the sole purpose of supporting affordable
housing in the Riverfront Crossings area.
Use of funds:
• Funds can only be utilized for affordable housing located within the Riverfront Crossings
Area.
• Funds maybe used for down payment assistance for owner -occupied households.
Down payment assistance made available for income -qualifying households
must be repaid upon resale of the unit. Down payment assistance may then be
recycled to another income -qualifying household. Owner is able to keep any
equity over and above the down payment assistance.
• Funds may be used to provide grants/low interest and/or forgivable loans to local non-
profit affordable housing agencies (e.g. Fellowship, Trust Fund, Habitat, other) for
affordable housing development.
Oversight of funds:
A third party agency should manage the Affordable Housing Fund. A third party(e.g. the
Housing Trust Fund or similar agency) has the expertise and staff to administer this fund
without having to add a City staff. The City may provide criteria by which the funds may
be used and request annual reports on use of the funds.
Comment
City legal staff advise that fees acquired as part of the development process in Riverfront
Crossings must be used solely for affordable housing in Riverfront Crossings.
PRINCIPLE #7 — Affordable housing should be provided to households of a
qualifying income level.
Income Target:
• Renters: Not to exceed 60% of Area Median Income (AMI). With a TIF project, the City
may negotiate affordability level (i.e. some units at a lower percentage than 60% AMI).
. Owners: Not to exceed 110% AMI. With a TIF project, the City may negotiate
affordability level (i.e. some units at a lower percentage than 110% AMI).
Elderly/Disabled: Developments designed and utilized for elderly/disabled are not
required to provide an affordable housing set -aside.
August 25, 2015
Page 5
Comment
The AMI for a 3 person household is $74,100. Affordable housing in Riverfront Crossings is
being defined at 60% AMi for rental housing ($44,460 for 3 person household and is the
funding level for federal Low Income Housing Tax Credit projects) and 110% AMi for owner
occupied units ($81, 510 for 3 person household). The greatest need is for affordable rental
housing because almost 213 of all renters in the community are cost -burdened (i.e. pay more
than 30% of adjusted income for rent).
Recommendations.
1. City Council direct staff to develop an Inclusionary Housing ordinance for
consideration, applicable only to the Riverfront Crossings area, and that the ordinance
be based on seven fundamental design principles recommended by the ad -hoc work
committee.
2. City Council amend the Affordable Housing Location Model. This amendment is
necessary if the IH regulations are to be effective in increasing supply of affordable
housing in the Riverfront Crossings area. Attached to this document is a memo of
explanation from Tracy Hightshoe, Neighborhood Service Coordinator.
3. City Council direct staff to provide to Council a periodic review of the IH requirement's
impact in the Riverfront Crossings area.
Conclusion:
The development of a workable Inclusionary Housing requirement in the Riverfront Crossings
area would be a significant achievement, for which the committee's recommendations are a
ground breaking first step.
On behalf of the City Council and staff, I wish to thank the members of the ad -hoc work
committee who generously volunteered their time and expertise. This diverse group of citizens
worked together in a positive, solutions -focused manner to study, deliberate, find common
ground, and build consensus. This is a very complex set of issues, requiring a balance of
aspirations and practicality. I commend the committee for reaching consensus and developing a
set of recommendations that are unanimously supported.
Thank you to the members of the ad -hoc inclusionary housing work committee:
Tracey Achenbach, Housing Trust Fund of Johnson County
Maryann Dennis, Housing Fellowship
Chad Keune, Homebuilders Association President, 2014
Brad Langguth, Hills Bank and Trust
Scott McDonough, Iowa Valley Habitat for Humanity Chair, 2015
Sally Scott, Johnson County Affordable Homes Coalition
Glenn Siders, Siders Development
Attachments: August 25th, 2015 Tracy Hightshoe Affordable Housing Location Model memo
December 15`h, 2014 Riverfront Crossings and Inclusionary Housing memo