IURA Neighborhood Investment Committee

Ithaca Urban Renewal Agency 108 East Green Street Ithaca, New York 14850 (607) 274-655 AGENDA IURA Neighborhood Investment Committee 8:30 am, Friday, January 13, 2017 Third floor conference room City Hall, 108 E. Green Street I. Call to Order II. Public comment III. Review of Minutes – December 9, 2016 IV. New Business 1. Designation of Habitat as a Sponsor to Undertake an Urban Renewal Project at 402 S. Cayuga Street – resolution 2. 2015 Annual Community Assessment of the City of Ithaca HUD Entitlement Program – review V. Old Business 1. IURA 12/16 Grant Summary ‐ report 2. Project updates VI. Motion to Adjourn If you have a disability and require accommodations in order to fully participate, please contact the IURA at 274‐6559 at least 48 hours prior to the meeting.  Approved: X/X/XX Ithaca Urban Renewal Agency 108 E. Green St. Ithaca, NY 14850 (607) 274-6565 DRAFT MEETING MINUTES ITHACA URBAN RENEWAL AGENCY (IURA) Neighborhood Investment Committee (NIC) 8:30 AM, Tuesday, December 9, 2016 Third Floor Conference Room, City Hall, Ithaca, NY Present: Karl Graham, Chair; Tracy Farrell; Vice‐Chair; Paula Manos; Fernando de Aragón; Nels Bohn (staff); Charles Pyott (staff) Excused: Teresa Halpert Guests: George Frantz, George R. Frantz & Associates Shannon MacCarrick, Executive Director, Habitat for Humanity, Tompkins & Cortland Counties I. Call to Order Chair Graham called the meeting to order at 8:33 a.m. II. Public comment None. III. Review of Minutes – October 14, 2016 Moved by Farrell, seconded by de Aragón. Unanimously approved as written. Manos abstaining. Carried Unanimously 2‐0. IV. New Business 1. Conceptual Plans for Affordable Owner‐Occupied Homes at 402 S. Cayuga Street, Habitat for Humanity of Tompkins & Cortland Counties – Review Frantz explained the project is still very much in the preliminary design stages. He then walked through several drawings, including the following: Frantz indicated the bold red line depicted on the site study of existing conditions represents the set‐back line. In addition, there is a storm sewer pipe on the western portion of the property, which constrains what could be done on the site. The ideal situation would be to move the 12‐foot access easement. Frantz indicated that he explored several ideas for the lot. The only design that initially appeared to fit on the property, while conforming to the City Zoning Ordinance, would be three townhouse units. That option, however, would probably be impossible to maintain as affordable living units, so Frantz subsequently designed the current four‐townhouse option, including the following details:  Bold, different‐colored siding for each townhouse  9½‐foot drop from front of Cayuga Street sidewalk to ground‐level on the west side 2   Roof line would probably include solar panels (or at least configured as solar‐ready)  Habitat for Humanity does not build full‐height subterranean basements, so a rear wall is proposed for the basement level; the future owners would be able decide if they would like to improve that space  Potential ADA accessibility  Each unit would have a short driveway (assuming easement can be renegotiated) MacCarrick noted that the local Habitat for Humanity chapter has access to Affordable Housing Corporation funding assistance through the statewide Habitat for Humanity organization. She noted that the funding does not categorically require complete ADA accessibility, though Habitat ensures full visitability. Franz noted that each unit will include a first floor accessible bathroom and that front entranceways from Spencer St. can conform to ADA access route requirements. Bohn asked if the change in grade would pose any problems for the project. MacCarrick replied, yes. It would certainly cost more than a typical project. (De Aragón arrived at 9:10 a.m.) Bohn noted the project would only be eligible for HOME funding as a new construction project, so the financing package will need to be carefully considered, given decreased HOME funding and other competing funding proposals for HOME funds. Bohn also noted that, while the IURA owns the land, it does not have any agreements in place on how to dispose of it, so it will need to determine the best approach for doing that (e.g., open solicitation or negotiation with Habitat for Humanity as the preferred sponsor). Farrell observed the proposal seems very close to the Committee’s original wish list of elements it had been seeking for the site (e.g., owner‐occupied, benefits low‐to‐moderate income families, environmentally conscious). Other members agreed. 2. Tompkins County Housing Summit ― Discussion Bohn reported that among the issues that were discussed at the summit were: accessibility; affordability; perspectives from both large and small developers, the Ithaca Board of Realtors, Tompkins Financial Corporation; and personal accounts of individual experiences with housing in the area. Tompkins County’s Planning Commissioner Edward Marx also presented the recent Downtown Ithaca Alliance (DIA) housing study results. Other subjects of discussion included:  Instances of employers studying the local market and deciding not to locate here, once they examined housing availability  Cornell University’s plan for a new 500‐bed dormitory on its North Campus in five years  brainstorming session of strategies for improving housing affordability/availability (e.g., launch local movement to prohibit source‐of‐income information as a means of denying housing)  More information on the summit and future activity can be found on the official web site: www.housingtompkins.com. 3  Bohn added that Tompkins County just adopted a $50,000 annual budget for promoting affordable housing, which the Human Services Coalition (HSC) has been asked to develop a proposed use for (e.g., rapid re‐housing, homelessness prevention, halfway house, community outreach). V. Old Business 1. Ithaca Neighborhood Housing Services (INHS) Scattered Site Housing Preservation Project ― Report Bohn remarked the INHS Scattered Site Housing Preservation Project is a complicated undertaking, comprising the following major components (as excerpted from its proposal):  improve the quality of life for 98 low‐ and moderate‐income families  restrict the units as affordable housing for 50 years  improve the energy efficiency of the portfolio to reduce greenhouse gases and cost of utilities  improve the curb appeal of the buildings and, as a result, the blocks and neighborhoods where they are located  capitalize reserves to mitigate ongoing maintenance and operating risk  invest equity from the sale of the portfolio into the development of new affordable housing The total renovation budget would be over $6,000,000, which would be part of a total development budget of over $19,000,000. INHS will be asking the City to exempt the properties from taxes. Instead, INHS would make annual payments based on 12% of the properties’ Net Operating Income (NOI) for a period of 30 years. (Net operating income is the amount of income equal to gross rents received, less operating costs.) Farrell observed one of the largest costs of the project appears to be the property management component. She suggested INHS could find ways of reducing those costs. Bohn replied that the financial projections are based on actual historical expenses according to INHS, as well as the assumption that many of the properties had been undermanaged under prior non‐INHS ownership. Farrell questioned whether there would really be such a great need for property management, once INHS has completed all the upgrades. Bohn noted the proposal will be discussed at the Planning and Economic Development Committee of Common Council, next week. No action is required by the IURA. 2. Status Update: Legislation Regarding Property Tax Assessment for Sales‐Price‐Restricted Homeowner Properties Bohn reported that the State passed legislation permitting the tax exemption of for‐sale, owner‐occupied, resale‐restricted housing, to address the problem of tax assessors valuing these kinds of properties at more than the resale‐restricted rate. The City will be considering adopting its own legislation, which would help INHS keep new for‐sale affordable housing 4  projects financially viable and maintain the affordability of Ithaca’s existing housing stock. Property owners would apply individually to the tax assessor. 3. HUD Assessment of Fair Housing for Grantees – Report Bohn explained that the new HUD Assessment of Fair Housing for Grantees requirement for HOME/CDBG grantees would be in addition to the IURA’s Analysis of Impediments to Fair Housing conducted in 2015. HUD will require that its grantees examine various different mechanisms for addressing fair housing (e.g., online, extensive public participation). The assessment is aimed to examine concentrations of poverty and racial/ethnic minorities in a given geographic area, and help grantees identify steps for enhancing local housing choices. The deadline for Ithaca is: November 4, 2017. The work would probably involve up to a nine‐ month process, tied to the creation of the IURA’s next five‐year Consolidated Plan. Once the IURA has filled its existing Community Development Planner vacancy, it should be able to begin work on it. Probably the single greatest time commitment would be the public participation process. 4. Project Updates Bohn reported that Liquid State Brewing Company, Inc. should be closing on its $70,000 IURA loan for a start‐up craft micro‐brewery with taproom at 527 W. Green Street. VI. Motion to Adjourn The meeting was adjourned by consensus at 10:47 a.m. Minutes prepared by Charles Pyott, edited by N. Bohn 5 Proposed Resolution IURA Neighborhood Investment Committee January 13, 2017 Designation of Habitat as a Sponsor to Undertake an Urban Renewal Project at 402 S. Cayuga Street Property Disposition Whereas, the Ithaca Urban Renewal Agency (IURA) is the owner of vacant real property located at 402 South Cayuga Street (tax parcel # 93.-6-7), and Whereas, a prior sales agreement with Ithaca Neighborhood Housing Services, Inc. (INHS) expired because the project to construct four units of for-sale, affordable housing was deemed financially infeasible by INHS, and Whereas, the IURA continues to seek redevelopment of the vacant property for owner- occupied, affordable housing in a manner supportive of surrounding neighborhood, and Whereas, Habitat For Humanity of Tompkins and Cortland Counties, Inc. (Habitat) has indicated interest to develop a project to develop new owner-occupied town homes at 402 South Cayuga Street which will be affordable to low-income homebuyers, and Whereas, on December 15, 2016, the IURA reviewed a preliminary concept plan by Habitat to develop up to four townhouses at the project site and invited Habitat to submit an IURA Sponsor Application for such a project, and Whereas, on January 9, 2017, Habitat submitted an IURA Sponsor Application to acquire 402 S. Cayuga Street, and Whereas, the project site is located within the Urban Renewal Project Boundary area, and Whereas, the Ithaca Urban Renewal Agency (IURA) is only authorized to dispose of property to a specific buyer at a negotiated price if such buyer is designated as an eligible and qualified sponsor (Sponsor) to carry out an urban renewal project per section 508 of General Municipal Law and the sale is approved by Common Council, and Whereas, a proposed Sponsor is evaluated in accordance with adopted IURA land disposition procedures that seek to determine if the proposed Sponsor is qualified and capable of fulfilling the objectives of the project for property disposition, and Whereas, IURA evaluation criteria for Sponsors include: • Financial status and stability • Legal qualification to operate in the State of New York and to enter into contracts with regard to the disposition, use, and development of land in questions • Previous experience in the financing, use, development and operation of projects of a similar nature Page 1 of 3  • Reputation and proof of fair, reputable and ethical business practices and a record devoid of convictions Whereas, the primary objective of the Urban Renewal Plan is to provide a mechanism for improving the social and physical characteristics of the project neighborhood, and Whereas, one objective of the Urban Renewal Plan (Plan) is improvement of the residential environment through redevelopment, rehabilitation, conservation, and new construction to assure every family in Ithaca a decent home within its economic means, and Whereas, the Habitat development model incorporates volunteer labor and donated professional services and construction materials to reduce the construction cost per unit, thereby increasing financial feasibility, and Whereas, Habitat has successfully completed construction of 24 affordable homes in Tompkins and Cortland Counties, and Whereas, Habitat employs a full-time Executive Director, a part-time Development Associate, a part-time Family Services Coordinator and projects hiring a full-time construction manager in 2017; and Whereas, the IURA Neighborhood Investment Committee considered this matter at their January 13, 2017 meeting and recommended the following; now, therefore, be it RESOLVED, that the IURA hereby determines that Habitat For Humanity of Tompkins and Cortland Counties, Inc. has satisfactorily demonstrated its qualifications and capacity to successfully undertake a project to develop owner-occupied, affordable housing at 402 South Cayuga Street, and therefore designates Habitat as the “qualified and eligible sponsor” eligible to acquire tax parcels # 93.-6-7 (402 S. Cayuga St.) for the purpose of undertaking an urban renewal project, and be it further RESOLVED, that the IURA further determines that redevelopment of the vacant parcel at 402 S. Cayuga Street for construction of 2-4 owner-occupied, affordable homes will advance the objectives of the Urban Renewal Plan, and RESOLVED, the IURA hereby approves entering into a sales agreement for 402 S. Cayuga Street property subject Common Council approval and the following terms and conditions: Seller: Ithaca Urban Renewal Agency Purchaser: Habitat for Humanity of Tompkins and Cortland Counties, Inc. Sales price: $32,000.00 Outcome: Development of at least 2 new owner-occupied residences to be sold to households earning no more than 80% of area median income Contingencies: (1) Approval of floor plans and exterior design plans to ensure compatibility with the neighborhood and reasonably maximize accessible design, and Page 2 of 3  (2) Documentation of project feasibility, including financing, site plan approval, and issuance of a building permit, and be it further RESOLVED, that the IURA Chairperson, subject to advice of IURA legal counsel, is authorized to execute agreements to implement this resolution, including but limited to purchase and sales agreements. j:\community development\dispositions\402 south cayuga street\resolutions\reso ni designate habitat sponsor 402 s cayuga 1-13-17.doc Page 3 of 3  Ithaca Urban Renewal Agency SPONSOR APPLICATION FORM 402 S. Cayuga Street Property PART 1. APPLICANT INFORMATION Name of Applicant Habitat for Humanity of Tompkins and Cortland Counties X Corporation Year _1987_ State _NY_ Address PO Box 4683  Partnership Year __ State __ Ithaca, NY 14852  Sole Proprietorship Year __ State __ Contract Person Shannon MacCarrick  Limited Liability Company Year __ State __ Telephone: (607) 844-3529 FAX: ( ) none E-mail address: Shannon@tchabitat.com Tax ID #: 90-0238478 Nature of Business Non-profit; Developer and builder of affordable housing for qualified, income eligible, first-time homebuyers. Company Attorney TBD Accountant Jay Engels____ Firm Name Firm Name Engels Accounting Address Address 45 Atwater Road, Lansing, NY 14882 Telephone Telephone 607-533-1013 Company Officers Company Principles (Shareholder/Members) Name Position Name % Interest Please see attached list of Board Members Shannon MacCarrick, Executive Director 0% (attach additional listing as necessary) 1 Is the company current in all of its tax obligations? Yes _X_ No ___ Explain: Is the company delinquent in the payment of any loan? Yes __ No _X__ Explain: Has the company been declared in default on any of its loans? Yes ___ No __X_ Explain: Has the company ever filed for bankruptcy? Yes ___ No _X__ Explain: Have any of the company’s principles ever personally filed for bankruptcy or in any way sought protection from creditors? Yes ___ No __X_ Explain: Are there currently any unsatisfied judgements against the company? Yes ___ No _X__ Explain: Are there currently any unsatisfied judgements against any of the company’s principles? Yes ___ No _X__ Explain: Are any of the company’s principles or the company involved in any pending lawsuits? Yes ___ No __X_ Explain: PART 2. PROJECT INFORMATION Summary Project Description (program and physical description): We are proposing to purchase the vacant lot at 402 S Cayuga Street as a future build site for Habitat for Humanity homes. The lot would be divided into four smaller parcels, allowing each Habitat homeowner to purchase their own land and house. Each home would be sold to a family identified by Habitat, meeting our criteria of ability to pay, willingness to partner, and need for affordable housing. Please see attached for additional information. (attach additional information as necessary) Project Costs Sources of Funds Property Acquisition $32,000 Bank Construction $720,000 Equity/Cash $100,000 Machinery/Equipment $0 CHD Grant $160,000 Professional Fees $2,500 AHC Grant $140,000 Working Capital $45,000 HUD funding $120,000 _________________ Other grants, corporate sponsors, & individual donor contributions $189,500 TOTAL $709,500 TOTAL $709.500 2  PART 3. DECLARATIONS I (we) authorize the Ithaca Urban Renewal Agency to order credit reports and/or other financial background information on my (our) personal and business financial background. I (we) waive all claims against the Ithaca Urban Renewal Agency and its consultants. I (we) attest that to the best of my (our) knowledge, information, and belief, the information contained in the foregoing application is correct and true. I (we) am (are) aware that the filing of a false instrument in connection with this application may constitute an attempt to defraud the Ithaca Urban Renewal Agency and may be a felony under the laws of the State of New York. If Applicant is a sole proprietorship or partnership, If Applicant is a corporation or LLC, sign below: sign below: Habitat for Humanity of Tompkins and Cortland Co. Signature Date Name of Corporation/Company 01/09/2017 Printed Name and Title Authorized Signature Date Shannon MacCarrick, Executive Director Signature Date Printed Name and Title Printed Name and Title STATE OF NEW YORK ) ) ss.: COUNTY OF ) On this day of , 20 , before me personally came , to me known, who, being by me duly sworn, did depose and say that deponent resides at , that deponent is the of , the company described in and which executed the foregoing instrument; that deponent had the authority to execute same by order of the Board of Directors or other authority of said company; and that deponent signed deponent’s name thereto by like order. Notary Public STATE OF NEW YORK ) ) ss.: COUNTY OF ) On this day of , 20 , before me personally came , to me known, who, being by me duly sworn, did depose and say that deponent resides at , that deponent is the of , the company described in and which executed the foregoing instrument; that deponent had the authority to execute same by order of the Board of Directors or other authority of said company; and that deponent signed deponent’s name thereto by like order. Notary Public 3  PART 4. REQUIRED EXHIBITS Exhibit A – Company Background • A brief narrative describing the company’s history & current operations • A description of the company’s current operating facilities – both owned and leased • If a development project, identify members of development team including architect (if applicable) • A summary of the company’s current full and part-time employment Exhibit B – Project Information • Physical description of the proposed project, including any business or residential relocation which may result from the undertaking of the project (plans, elevations and conceptual renderings strongly encouraged) • Projected new full-time equivalent (FTE) permanent employment to be created by the project by job title and approximate annual salary/hourly rate • Projected changes in property tax revenues resulting from the project • Projected change in other municipal revenues resulting from the project • Other public benefits • Documentation of all project costs shown in Part 2 of this application (vendor quotes, negotiated sales prices, engineer’s or contractor’s estimates, etc.) • Summary of proposed project financing, including status of other loan applications and source of equity capital. Exhibit C – Financial Information • Financial statements of the company for the last three completed fiscal years or other information to verify financial capacity to complete the project • Documentation of other required financing including bank and other public lending agency commitment letters, bond inducements, and evidence of availability and commitment of cash equity requirements Exhibit D – Additional Information (as applicable) • For projects involving realty acquisition beyond the IURA parcel, evidence of site control or current ownership in the form of a binding option, sale agreement, deed, etc. 4 PART 2. PROJECT INFORMATION Summary Project Description: (continued) We are proposing to purchase the vacant lot located at 402 S Cayuga Street, from the City of Ithaca, as a future build site for Habitat for Humanity homes. The lot would be divided into four smaller parcels, allowing each Habitat homeowner to purchase their own lot and house. Each home would be sold to a family identified by Habitat, meeting our criteria of ability to pay, willingness to partner, and need for affordable housing. What is unique about our proposal is not necessarily the construction homes but, the ability to construct four, owner-occupied units which will be sold to low-income (30%-60% AMI) families from our community. Further, Habitat utilizes volunteers to engage the community in our work, minimize construction labor expenses, and to serve as advocates for quality, affordable housing and the families who need it. We also partner with local and national gift-in-kind partners to keep our cash costs as low as possible – the combination of volunteer labor along with donated professional services and construction materials helps us focus our cash where we need it most. Lastly, Habitat has a unique house pricing model. We “back into“ the sales price of each of our homes based on the homeowner-to-be’s ability to pay. We guarantee our homeowners a 0% interest or 0% interest-equivalent, affordable mortgage (payments of 29% or less of monthly household income). Once we determine that first mortgage amount, we cover the gap between that value and the true value of the home with silent second mortgages (which are forgiven over time), or grant funding. Our commitment to affordability and ability to subsidize allow us to help deserving low-income families become homeowners when traditional banks and other lenders simply can’t make the numbers work. Although our mission isn’t easy, we truly believe that we build strength, stability and self-reliance through shelter, and that everyone, everywhere, should have a healthy, affordable place to call home. In addition to the rarity of buildable land in the City of Ithaca, the cost of land has long been prohibitive for us. We’ve learned that it’s more affordable to build in rural areas of Tompkins county and, for many years, we’ve quietly but diligently worked to house families in Groton, Lansing, Trumansburg, Dryden, etc. This said, we cannot ignore the increasing demand for affordable housing in Ithaca. Challenging as it may be, we realize that it’s time to rally our troops, rally our donors, and build where Tompkins County families need us most – right where they work and attend school – right in Ithaca. In addition to affordability, we promise safety, durability and quality to our homeowners. We exceed EnergySTAR standards, meet all local, state and Habitat codes and regulations, and seek out neighborhoods where our families will have safe and easy access to transportation, schools, work, and shopping. Our homes are simple but functional. Our proposed designs would mesh well with the existing housing in the area while maintaining their unique feature of affordability. Our tentative schedule for this project would be to purchase the property around June 2017, proceed throughout the remainder of the year to finalize architectural plans, and meet with the Planning and Zoning Boards to obtain the required variances. We would break ground around June of 2018 (after our Morris Ave/Third Street builds are complete). Construction would likely take us somewhat longer than usual, since we are accustom to building 1 or 2 units at a time, but not 4. This said, with ample volunteer support and solid construction management, we would likely complete the builds in 18-24 months. Part 4 – Required Exhibits Exhibit A – Company Background  A brief narrative describing the company’s history & current operations  Habitat for Humanity of Tompkins and Cortland Counties has been building simple, decent, affordable homes in partnership with qualified local families since 1987. We have constructed 24 homes throughout Tompkins and Cortland to date, in addition to completing a number of small repair projects. Beginning as a grassroots, all-volunteer organization, we have transitioned to a staffed affiliate over the past 8 years. Our primary focus is constructing new housing, with the support of volunteer labor and donated goods and services, but we also do minor exterior repairs for low-income homeowners and are exploring the possibilities of rehabilitating existing housing stock. Habitat’s client base is families with household incomes of 30-60% of County AMI. We offer 0% interest or 0% interest-equivalent mortgages and set our mortgage amounts based on the homebuyer’s income and ability to pay. Through the use of subsidizes and grant funding, we are able to sell our homes to families well below market rate and to guarantee long-term affordability.  Our current operations include a small staff (one FT Executive Director and two PT support staff) and construction of 1-3 homes each year. We build throughout both Tompkins and Cortland Counties and select qualified homebuyers from anywhere within that service area. In addition to building new homes, we also offer construction training opportunities for women and partner with area universities and schools to engage youth in our work.  A description of the company’s current operating facilities – both owned and leased  Habitat for Humanity of Tompkins and Cortland Counties rents a small office at 14 W Main St in Dryden, NY (our rent is donated, in exchange for the tax write-off). We also share a storage barn with the Varna Community Center, in Varna (again, no charge for rent).  Habitat does not currently own or lease any other operating facilities. We own one small parcel of land in Cortland that is up for sale (27 Kent Road), we are in the process of selling a 32 acre parcel of land near Salo Drive in Trumansburg to the Town of Ulysses (gifted to Habitat but not buildable), and we will soon own property at the corner of Morris Avenue and Third Street, in the City of Ithaca.  If a development project, identify members of development team including architect (if applicable)  Roberta Militello, M. Arch, LEED AP (BD+C)  Kathryn Connelly, Architect  George Frantz, AICP 1   Gary Bush, PE  A summary of the company’s current full and part-time employment  Shannon MacCarrick, Executive Director, Full-time  Elizabeth Warner, Family Services Coordinator, Part-time  Staci Rogers, Development Associate, Part-time  Construction Manager, Full-time, to be hired in February 2017 Exhibit B – Project Information  Physical description of the proposed project, including any business or residential relocation which may result from the undertaking of the project (plans, elevations and conceptual renderings strongly encouraged)  Our proposed project will include four, one-family dwellings (attached to one another by a party wall or walls), to be sold to qualified, low-income, first-time homebuyers. The dwellings will each be two stories tall and include front porches, as well as a side or back entry and off-street parking for one vehicle. No business or residential relocation will result from the project. Please also see attached plans.  Projected new full-time equivalent (FTE) permanent employment to be created by the project by job title and approximate annual salary/hourly rate  We do not anticipate creating any new FTE positions with this project but we are hiring a FT Construction Manager early this year, primarily to manage our Morris Avenue/Third Street builds. We plan to keep that staff position for these Cayuga Street builds and may hire an AmeriCorps or PT Volunteer Coordinator/Construction Assistant for this project. Approximate annual salary for Construction Manager is $40,000; salary for Volunteer Coordinator/Construction Assistant would be in the range of $9,000 - $18,000 (dependent upon whether we hire through the AmeriCorps program or not).  Projected changes in property tax revenues resulting from the project  Property tax revenues will increase as we transform what is currently a vacant lot into four new units of owner-occupied housing in the City of Ithaca. Despite the all too common belief that Habitat gives away houses, we do, in fact, sell our homes and each Habitat family is a contributing member of the tax base, just like their neighbors. We anticipate that each unit we build will be valued at approximately $180,000. Based on current tax rates, each unit would contribute approximately $2,100 to the annual tax base (City of Ithaca taxes only).  Projected change in other municipal revenues resulting from the project  Similar to tax revenues, Habitat homeowners would also add to municipal revenues (such as water and sewer), adding four new contributors to the existing base. 2  Other public benefits  The creation of four units of affordable housing in the City of Ithaca will help, even if only on a small scale, alleviate some of the existing and desperate need for more affordable, owner-occupied housing within the city limits.  Habitat utilizes volunteers to help build our homes; the construction of these units will expose dozens, if not hundreds, of community members to Habitat’s work and our mission to provide decent, affordable housing for low-income families that need it. By way of volunteering on a Habitat site, individuals become advocates for our cause and have an increased awareness of the need for affordable housing in our community. Our volunteers represent all ages and all walks of life but the experience that each of them has, working together and helping a fellow member of their community, is transformative. We’d like to think that Habitat is effective not only at engaging volunteers in construction, but in advocating for affordable housing and in caring for their community.  Some of our Habitat homebuyers are living in subsidized rental units or Section 8 housing before they purchase their Habitat home. Once our families move in, they “free up” a unit of rental housing for another family – a family which could be living in a sub-standard situation now, or may even be homeless. The process of building a Habitat home(s) not only creates a house for one family, but makes available their former rental unit for another.  The creation of four new units of housing means that four more families will be living, shopping, attending school, utilizing public transportation, and doing business in the City of Ithaca – all helping to keep our downtown vibrant.  Documentation of all project costs shown in Part 2 of this application (vendor quotes, negotiated sales prices, engineer’s or contractor’s estimates, etc.)  We do not yet have vendor quotes, negotiated sales prices or formal estimates for this project. The costs in Part 2 are based off of prior experience and previous builds. We will obtain estimates and quotes if and when this project becomes definite, and once our Morris Avenue/Third Street homes are underway. Requesting reduced pricing or gift-in-kind from vendors this far in advance, for example, is difficult to do. We typically need to secure those contributions, discounts and other commitments within the fiscal year that we’ll use them.  Summary of proposed project financing, including status of other loan applications and source of equity capital.  Please note, Habitat has never used a loan to cover construction expenses and we’ve utilized a line of credit on only a few occasions, to purchase land when we were waiting to receive checks from grant funders. Although we have not officially applied for any funding for this project, we anticipate that our project funding will include: 3   Equity/Cash, $100,000: From the sale of two homes at Morris Avenue/Third Street, in early 2018  CHD (Community Housing Development) Grant, $160,000: We have successfully secured CHD funds in the past and anticipate that by applying again (possibly over the course of two funding cycles), we could receive approximately $40,000 per unit to support this project.  AHC (NYS Affordable Housing Corporation) Grant, $140,000: Through a partnership with Habitat NYS, we have successfully applied for and received funds in the amount of $35,000 per build, for each unit that we construct, annually over the past 7 years. This funding commitment is stable and we anticipate that it will continue to be available to us through our proposed Cayuga St builds.  HUD Entitlement Grant Program, $100,000: We intend to apply for HUD funds to support this project, likely spread out over the course of two funding cycles. Our estimate is that we could request $25,000 (possibly more) per unit.  Other grants, corporate sponsors and individual donors, $189,500: Habitat has long sustained itself through the generosity of local donors, small grants, and business sponsorships. We regularly request financial support from a growing list of local individuals, who generously write checks or make monthly contributions to help fund our work. Each year, we approach a growing list of local businesses and corporations for event and house sponsorships; these contributions range from $500 - $10,000 each. Lastly, we have a long list of foundations and grantors whom we would approach to support our Cayuga Street builds. They include, but are not limited to: The Community Foundation, M&T Bank, Citizens Bank, JM MacDonald Foundation, The Park Foundation, The Legacy Foundation, Tompkins Charitable Gift Fund, the Federal Home Loan Bank, and others. Exhibit C – Financial Information  Financial statements of the company for the last three completed fiscal years or other information to verify financial capacity to complete the project  Financial statements attached  Please see “Supplemental Information” attachment for more detail on our financial stability and capacity  Documentation of other required financing including bank and other public lending agency commitment letters, bond inducements, and evidence of availability and commitment of cash equity requirements 4   At this time, we do not have any other public agency commitment letters for this project. Once applications become available and decisions are made, we anticipate funding from the Community Housing Development Fund, NYS Affordable Housing Corporation and the HUD Entitlement program. We will also apply for smaller grants, as listed above. The sale of two homes on Morris Avenue and Third Street (in 2018) will generate funds which will be put towards the construction of this project and we are currently in the process of selling a parcel of land in Trumansburg to the Town of Ulysses. That sale will produce $50,000 in un-designated funds, which we intend to set aside for the purchase of 402 S Cayuga St and initial development and design expenses. Exhibit D – Additional Information (as applicable)  For projects involving realty acquisition beyond the IURA parcel, evidence of site control or current ownership in the form of a binding option, sale agreement, deed, etc.  Not applicable 5 Supplemental Information:  Proposed use of the property: o To construct single-family, attached dwellings and produce four new units of affordable, owner-occupied housing in the City of Ithaca.  Essential elements/characteristics of the project (e.g., tenure, target beneficiaries, projected home sale price, etc...): o Target beneficiaries for this project are first time homebuyers with household incomes of 30-60% of County AMI. Projected home sales prices will be determined based on the household income (with monthly mortgage payments guaranteed to be 29% or less of household income). Habitat will subsidize the difference between what the family can afford and the actual value of the house through the use of forgivable second mortgages and grant funding. We anticipate the value of these homes to be approximately $180,000 each.  Proposed quarterly schedule for the project : Month Project Milestone/Actions Completed June 2017 Site Acquisition Completion of interior architectural plans, electrical and June – Dec 2017 plumbing layouts, and foundation plans Planning and Zoning Board meetings to obtain required June – Dec 2017 variances and approvals March 2018 Final selection of all four, qualified homebuyers June 2018 Groundbreaking September 2018 Foundation work complete, units framed and closed in December 2018 Interior work including drywall, heating systems, utility rough-ins, etc. Continued construction, including flooring, paint, March 2019 fixtures, kitchen installation, doors and trim December 2019 Home dedications and closings – March 2020 In addition, please submit information responsive to the following evaluation criteria for designating a sponsor:  Financial status and stability o Our affiliate is currently undergoing a significant shift in our lending model and we are no longer holding the mortgages for the homes that we build. Although we still select and qualify families and determine the mortgage amount, third-party lenders (i.e. local banks) are actually holding the mortgages. One of the major changes this results in is that we no longer receive small, monthly mortgage payments from our homeowners over the course of 30+ years. Instead, we receive full proceeds from the sale at closing, which puts us in a much different, and more favorable, cash position. We can now use the cash from closing to  purchase land, fund our next build(s), and to build our reserves and funds for growth. o Building in Ithaca gives us more visibility and, in turn, a larger volunteer base to draw from. This is valuable to us from a financial standpoint because we rely on volunteers to help us build and, the more volunteer support we have, the more we can save when it comes to hiring sub-contractors or professional services. We can decrease our construction costs when volunteers are readily available and willing to help us. The same applies to individual donors – we anticipate that building in Ithaca will increase the size and value of our cash contributions from community members, increasing our financial stability. o Building in Ithaca puts us closer to a larger pool of in-kind donors which, again, we rely on to keep our builds affordable. Building in Ithaca also potentially gives in-kind donors more visibility than our rural builds have, thereby increasing the incentive for vendors to support us and lowering our construction costs even further. o Building multiple homes at once is more cost effective that building one home at a time, as we’ve often had to do in the past. We can better use our resources, reducing overall costs per build, and will also be building closer to capacity, better allocating overhead and reducing overhead costs per property.  Legal qualification to operate in the State of New York and to enter into contracts with regard to the disposition, use, and development of land in questions o Habitat for Humanity of Tompkins and Cortland Counties is a registered, compliant, 501(c)3 in the State of New York.  Previous experience in the financing, use, development and operation of projects of a similar nature o Each Habitat home that we build is financed through a variety of sources including grant funding, corporate sponsorships, donations from individual donors, gift-in-kind contributions of goods and services, mortgage payments from other Habitat homeowners and proceeds from the sale of other Habitat homes. Although we’ve never developed four units of housing simultaneously before, we’ve developed two units at the same time more than once (Salo Drive in Trumansburg, Barrows Street in Groton and, soon to be Morris Avenue/Third Street in Ithaca) and have experience with two-story construction and sites of all topography and size. We believe our proposal for 402 S Cayuga Street falls within the realm of our experience and that we have the support and resources necessary to handle the capacity increase.  Capacity of the sponsor to successfully complete the project o As mentioned above, we have ample construction experience to complete our proposed project and we are also bringing a Construction Manager back to our staff early this year. He/she will help increase our capacity to handle a construction project of this scope and we are considering hiring an AmeriCorps to further assist with volunteer coordination and construction backup. Our staff is small but well-trained and qualified, and we have a large pool of talented volunteers willing to share their professional talents, certifications and skills with us. From a homebuyer selection standpoint, we know there is no shortage of qualified families eager to live in Ithaca and we are confident (based on significant interest in our Morris Ave/Third Street project) that family selection will not be an issue for these homes.  Reputation and proof of fair, reputable and ethical business practices and a record devoid of convictions o Habitat abides by The Fair Housing Act, a variety of HUD guidelines, RESPA, Habitat for Humanity International’s standards and New York State non-profit rules and regulations. We utilize a thorough Family Selection manual to guide our fair and ethical selection of homebuyer families and are subject to the same banking laws and regulations as any lender. o Habitat’s record is clear of any convictions or pending legal claims.  Board Contact List Revised January 2017 BOARD MEMBERS: Eliza Mulhern, President Dana Christofferson 192 Groton Ave., Cortland, NY 13045 681 Creamery Road, Richford, NY 13835 342-5202 (c) 745-5768 eliza.mulhern@mycfcu.com Dana.christofferson@nm.com Associate General Counsel, CFCU Financial Advisor, Northwestern Mutual Kim Hazelton, Vice President Tammy Drost 617 Creek Road, Genoa, NY 13071 2544 Marshland Rd. Apalachin, NY 13732 407-687-0502 (c) 860-558-5401 rkhazeiii@yahoo.com Tammy.drost@gmail.com Executive VP of Retail Client Services, Director of Brand Marketing, Alternatives FCU Chemung Canal Trust Company Principal, brandbyt&company LLC Evan Ramiza, Treasurer Rob Hazelton 11 Floral Ave, Cortland, NY 13045 617 Creek Road, Genoa, NY 13071 607-745-1488 368-4633 eramiza@swcllp.com rhazelton@elmirasavingsbank.com Supervisor, Sciarabba Walker Vice President, Commercial Loan Officer Michael Porciello, Secretary Anastasia (Ana) Kalugina 123 Christopher Circle, Ithaca, NY 14850 229 Summerhill Dr. Apt 7, Ithaca, NY 14850 272-2314 (w) 646-872-0431 (c) 573-353-7904 mike@tchabitat.com avk54@cornell.edu Associate Attorney, Thaler and Thaler Masters student, Cornell University Darcy Aldous, Incoming Treasurer Dean Shea 113 Terraceview Drive, Ithaca, NY 14850 416 Asbury Rd., Freeville, NY 13068-9740 (h) 518-265-9744 2147 Slaterville Rd., Ithaca, NY 14850 (w) DarcyAldous@yahoo.com 539-6286 (w), 280-3356 (c) Self-Employed CPA deanshea@sunnybrookbuilders.com Co-Owner, Sunnybrook Builders North Elevation - Titus Avenue South Elevation Scale: 1 " = 12' Habitat of Tompkins & Cortland Counties December 8, 2016  U.S. Department of Honsing and Urban Development Buffalo Office 465 Main Street Buffalo, New York 14203-1780 (716) 551-5755 OfC 2 8 Z011J Mr. Nels Bohn Director of Community Development City of Ithaca 108 East Green Street Ithaca, New York 14850-5690 Dear Mr. Bohn: SUBJECT: 2015 Annual Community Assessment (ACA) Reporting Period August 1, 2015 to July 31, 2016 Community Development Block Grant (CDBG) Program Home Investment Partnerships (HOME) Program Enclosed please find HUD's Annual Community Assessment (ACA) reviewing the implementation and performance of the City of Ithaca's CDBG and HOME Programs. While continuing efforts are taken into consideration, this assessment primarily focuses on the 2015 program year, which covered the period August 1, 2015 to July 31,2016. We offer you thirty (30) days to respond with any comments, changes or updates. If no response is received, this report is final and will be considered the City's Program Year Review Letter as required by HUD regulation. In accordance with the Consolidated Plan regulations, the Program Year Review Letter should be made available to the public through your established citizen participation process. HUD will also make it available to citizens upon request. If you have any questions about this report, would like to discuss the comments, or require further assistance in the administration of your community development programs, please contact Elizabeth A. McClam, CPD Representative, at 716-551-5755, extension 5410 or via email at elizabeth.a.mcclam@hud.gov. Sincerely, William T. O'Connell Director Community Planning and Development Division Enclosure www.hud.gov espanol.hud.gov U.S Department of Housing & Urban Development Buffalo, New York Office Annual Community Assessment Report For City of Ithaca, New York Program Year of August 1, 2015 -July 31, 2016 ' // /~,, /1' // / ' / ' // ,·· /. '/"// /.-' / /,/ / '  INTRODUCTION The City of Ithaca, as a recipient of HUD Community Development Block Grant (CDBG) and Home Investment partnership (HOME) funding, is required to annually review and report on its progress in carrying out the goals and priorities of its Consolidated Plan. The Consolidated Annual Performance and Evaluation Report (CAPER) is designed to be a tool to report the activities undertaken during the previous year to both HUD and local community stakeholders and residents. Prior to submission to HUD, a grantee must make its CAPER available for review by interested citizens and stakeholders. HUD has a responsibility to review the CAPER and the community's performance on an annual basis. HUD relies on the CAPER, financial data and audits, program records, on site monitoring and other resources to evaluate a grantee's overall performance and effectiveness. This review is an on-going process; however, this report summarizes a community's performance and its continuing capacity to administer HUD funds. This report is prepared to provide feedback on your community's performance in the delivery of programs and services using HUD Community Development funds. This report consists of four sections: o Section I provides a general overview regarding compliance and reporting accuracy o Section II evaluates grantee performance in key crosscutting functions o Section III evaluates the progress and performance of each specific HUD program o Section IV provides recommendations and/or areas for improvement Programs Administered and 2015 Funding Amounts: CDBG $661,371.00 HOME $207.846.00 Assessment Period: August 1, 2015- July 31, 2016 2nd Year of a 5-Year Consolidated Plan 1 Section I - Summary of Consistency with ConPlan & Annual Action Plans HUD' s review of the CAPER determined that the City of Ithaca followed the HUD-approved Consolidated Plan and Annual Action Plan during the 2015 program year (PY). The activities undertaken during the year are consistent with the City's 2014- 2018 Consolidated Plan goals, objectives and priority needs. The actual2015 Program Year expenditures recorded in IDIS reflect that the City did expend HUD funds within the requirements of HUD funding regulations. Performance Reports I CAPER Completeness A Consolidated Annual Performance and Evaluation Report (CAPER) is due 90 days after the City completes its program year, which would be October 30, 2016. Ithaca's 2015 CAPER was received on November 1, 2016. The report was determined to be substantially complete. This report included an adequate description of the Ithaca's progress and performance throughout the program year. More detailed information and an assessment of accomplishments can be found in Section III of this report. Comments, Notes and any requests for supplemental information will also be noted below. Section II - General Overview and Cross Cutting Areas FHEO Ithaca's 2015 CAPER was evaluated by HUD's FHEO Division. This evaluation was completed on November 29, 2016 and the determination was made that the City of Ithaca's performance was adequate. The FHEO Division noted that Ithaca conducted their most recent Analysis of Impediments to Fair Housing in 2015. Ithaca adopted a Fair Housing Plan which included the development of a fair housing informational brochures which was distributed to landlords and agents. In preparation to implement the newly mandated Affirmatively Furthering Fair Housing (AFFH) process, Ithaca has begun educating all their sub recipients of the city's AFFH goals and objectives. Citizen Participation The grantee has conducted the required hearings and public notification to comply with citizen participation requirements. No comments were received during the reporting period. The City of Ithaca made its CAPER available to the public for review and comments for a period of at least 15 days in the local paper. A hard copy is always available at the offices of the Ithaca Urban Renewal Agency (IURA) in City Hall and an electronic copy is posted on the IURA website. Sub Recipient Oversight & Compliance Monitoring The HUD field office conducted an on-site monitoring of the CDBG program in 2014, and no findings or concerns were identified. The City of Ithaca's sub recipients are monitored by Ithaca Urban Renewal Agency (IURA). The performance of sub recipients is monitored through site visits and reviews of periodic reports and financial statements. Monitoring for compliance with HUD regulations is ongoing. IURA staff offers technical assistance to sub recipients, as needed to improve program performance and/or compliance. The CAPER indicates that sub recipients are on track and meeting goals and standards. 2 Management The City of Ithaca's entitlement grants are managed by Ithaca Urban Renewal Agency (IURA). The staff is very experienced and has demonstrated the capacity to administer and oversee both HUD-funded programs. Financial The financial information reported by the City of Ithaca appears to be complete, accurate, and sufficiently detailed to document the overall condition of HUD programs. A Single Audit must be submitted each year, 9 months from the end of Ithaca's fiscal year. The City of Ithaca continues to struggle with timely submissions, often submitting financial audit reports well beyond its due dates. Currently, Ithaca's single audit report is overdue, rendering the City out of compliance with Single Audit requirements. The Buffalo Field Office has sent written reminders for this financial report every year. The CPD Representative will work with the City to ensure more timely submissions. Section ill - Specific Program Progress and Performance Community Development Block Grant (CDBGl National Objective Compliance: The CDBG program was designed to principally benefit low- moderate income persons. During the reporting period, it was determined that the City spent 100% of their funds on activities that principally benefitted low-moderate income persons. Activities Program activities were adequately described during the reporting period. CDBG funds were spent on activities that were eligible under CDBG regulations. Ithaca has reported on the 2nd year of a 5-year strategic plan. The CAPER and IDIS indicate that good progress has been made towards meeting stated numeric goals for specific activities. The following highlighted activities and accomplishments were completed during the program year: Economic Development: The City spent $295,000.00 and assisted four new business during the reporting period. Public Services: The City spent $185,414.97 and assisted the 2-1-1 Call Center, Immigrant Services Program, Next Step Jobs Training Program, and the Work Preserve Job Training Program. Housing Repairs: The City spent $22,923.50 for small repairs and safety accessibility improvements for low-income persons. Homeless Services: The City of Ithaca provided funding to Tomkins Community Action for a Housing First rental assistance program specifically created for the chronic homeless population. Over the past two years, seven homeless individuals have been placed in permanent housing. The City of Ithaca provided funding to Catholic Charities of Tompkins/Tioga to administer a Security Deposit Assistance Program. During FY2015, 116 households were assisted using CDBG funds. 3 CDBG funds were used to create a life skills training program targeting the homeless youth population called the Learning Web for their Housing Scholarships Program. This has been a highly successful program which has successfully housed 12 homeless youth during PY2015. The City utilized CDBG funds to fund its immigration services and 2-1-1 information and referral services. During PY2015, 1246 immigrants utilized the immigration services and 124 individuals were assisted by the 2-1-1 referral services. Fair Housing and Equal Opportunity: Our review did not reveal any significant issues related to compliance. HUD Monitoring: The Buffalo Field Office conducted an on-site monitoring review of the City's CDBG program during the 2014 program year. There were no findings as a result of this review. However, a separate monitoring by HUD's Regional Environmental Officer during the same program year resulted in four findings. Financial Planning and Administration: The CDBG program rules allow the City to obligate up to 20% of their grant funds plus program income on eligible planning and administrative costs. According to the IDIS PR26 CDBG Financial Summary Report submitted with the CAPER, this amount was 15.13%. Public Service: The CDBG program rules allow the City to obligate up to 15% of their grant funds plus program income on eligible public services related activities. According to the IDIS PR26 Financial Summary Report submitted with the CAPER, this amount was 8.3%. Program Progress and Timeliness: The CDBG program requires that the City's unexpended CDBG funds be no more than 1.5 times their annual grant 60-days before the end of the program year. The City maintained compliance with this test and continues to expend expeditiously. !DIS Data: The City is required to use the Integrated Disbursement and Information System (IDIS) to report on program activities and accomplishments. A review was made in order to determine the level of detail and accuracy of this data. 4  Section III- Specific Program Progress and Performance (cont.) Home Investment Partnerships (HOME) Program Beneficiary Compliance: The HOME program was designed to principally benefit low-moderate income persons. During the PY2015 reporting period, it was determined that the City spent 100% of their funds on activities that principally benefitted low to moderate program progress was determined to be satisfactory. Activities Program activities were adequately described for the reporting period. HOME funds were spent on activities that were eligible under program rules. The funded programs and accomplishments reported are on track, compared to the stated goals. Housing Rehabilitation;_ The City spent $16,719.35 during the reporting period and completed four homeowner rehabilitation projects. Rental Housing: The City spent $3,000.00 on rental units and $45,157.85 for TBRA during the reporting period. Commitments/Reservations/Disbursements: The HOME program requires that funds be committed or reserved to a CHDO within two years, and disbursed within five years. It was determined that the City is committing funds, making CHDO reservations, and making disbursements for activities within the required timeframes, including commitments and disbursements for administration. Program progress was determined to be satisfactory. Fair Housing and Equal Opportunity: Our review did not reveal any significant issues related to compliance. Performance was satisfactory. HUD Monitoring: The Buffalo Field Office conducted an on-site monitoring review of the City's HOME program during the 2009 program year. There were no findings as a result of this review. Financial The financial information provided by the City appears to be complete, accurate, and with a sufficient level of detail to document the overall financial condition of the HOME program. During the reporting period, the City correctly receipted program income in IDIS. However, the audit report for 2015 is currently delinquent. Management The City has experienced staff that are capable of administering and overseeing their HOME program activities. There were no key staff vacancies or new hires during the reporting period. The City reports that they regularly monitor and evaluate CHDOs and sub recipients administering activities with HOME funds. 5  Section IV- Summary and Recommendations The City of Ithaca's current CDBG and HOME performance have been satisfactory. Some projects are ahead of schedule. There are few recommendations: o It is a requirement that the submission of Single Audits must occur within nine months of the end of Ithaca's Fiscal Year. This Single Audit Report is currently overdue and the City has failed to comply with Single Audit Act requirements. Please submit as soon as possible. If assistance or further information is needed, please contact your CPD Representative. o Please ensure that program income recorded in the Federal Cash Transactions Reports is receipted into IDIS in a timely manner. o Please continue to monitor IDIS reports at least quarterly, to ensure that activities that are completed, but not yet closed and activities that have been listed as in final draw status for more than 120 days, are reviewed and appropriate action is taken. This report was prepared by: Elizabeth McClam, CPD Representative 716-551-5755 ext. 5410 Elizabeth.A.McClam@ hud. gov HUD is providing you the opportunity to review this assessment and comment. Based on the information available at the time of this review, HUD has determined that at this time, the City of Ithaca has the continuing capacity to carry out HUD programs identified in this report. If you have any questions or would like to discuss the Assessment Report, please contact, Elizabeth McClam CPD Representative. Ms. McClam can be reached at 716-551-5755 extension 5410. If you disagree with this assessment, please respond, in writing to HUD - Director of the Office of Community Planning & Development, 465 Main Street, Buffalo, NY 14203. Your response should identify any areas of disagreement and corrections or any additional comments you would like HUD to consider. If no response is received, this report is final and should be considered your community's Program Year Letter as required by HUD regulation. Consistent with the Consolidated Plan regulations, this assessment should be made available to the public. This can be accomplished by making it available through your established citizen participation process. HUD will also make it available to citizens upon request. 6  IURA Grants Summary December 2016 ON TOTAL # SCHEDULE UNEXPENDED HUD ENTITLEMENT ACTIVITIES SPONSER BUDGET EXPENDED UNEXPENDED % SPENT 2013 CDBG Activities 2467 ok 23.0 Ithaca Falls Overlook Site Cleanup IURA 25,000.00 0.00 25,000.00 0% Total 25,000.00 0.00 25,000.00 0% 2014 CDBG Activities 2491 ok 2.0 Homeowner Rehab INHS 123,260.00 49,950.70 73,309.30 41% 2497 ok 11.0 Lake Street Bridge City of Ithaca 30,000.00 0.00 30,000.00 0% 13 2911 complete Unallocated 2014 CDBG IURA 21,749.57 21,749.57 0.00 100% 2502 ok 7.0 ED Loan Fund IURA 150,000.00 103,290.21 46,709.79 69% Total 325,009.57 174,990.48 150,019.09 54% 2014 HOME Activities 2482 ok 5.0 Housing Scholarship Program Learning Web 58,958.90 35,266.19 23,692.71 60% 15 2805 complete 2014 HOME unallocated N/A 273,869.00 273,869.00 0.00 100% Total 332,827.90 309,135.19 23,692.71 93% 2015 CDBG Activities 2521 complete 1.0 Hancock Street INHS 250,403.50 250,403.50 0.00 100% 2522 ok 2.0 Mini repair INHS 35,000.00 28,187.64 6,812.36 81% 10 2531 complete 6.0 Temporary Ramp Loan Program Finger Lakes Ind. Center 20,000.00 20,000.00 0.00 100% 11 2532 ok 7.0 Hospitality Employment Training Program GIAC 109,372.86 102,454.86 6,918.00 94% 2523 ok 8.0 Work Preserve Job Training Program Historic Ithaca 87,500.00 64,898.77 22,601.23 74% 2524 ok 9.0 Spencer Road Sidewalks City of Ithaca 100,000.00 0.00 100,000.00 0% 2525 complete 10.0 2‐1‐1/I&R Service Human Services Coalition 20,000.00 20,000.00 0.00 100% 2526 NO 11.0 Building for the Future Southside Community Center 23,577.00 18,677.76 4,899.24 79% 2527 complete 12.0 Immigrant Services Catholic Charities 16,000.00 16,000.00 0.00 100% 2528 complete 13.0 A+ Tuition Assistance BJM Enrichment Program 17,410.00 17,410.00 0.00 100% 2529 complete 14.0 ReSET Job Training Expansion Finger Lakes ReUse 23,759.00 23,759.00 0.00 100% 2530 complete 15.0 CDBG Grant Administration IURA 134,329.20 134,329.20 0.00 100% Total 837,351.56 696,120.73 141,230.83 83% 2015 HOME Activities 2511 ok 1.0 210 Hancock Street INHS 206,922.50 196,922.50 10,000.00 95% 2512 ok 3.0 Security Deposit Assistance Program (including Inspections) 12 Catholic Charities 74,000.00 73,500.00 500.00 99% 2517 ok 4.0 Housing Scholarship Program Learning Web 24,600.00 0.00 24,600.00 0% 14, 17 2514 complete 5.0 Housing First TCAction 15,131.00 15,131.00 0.00 100% 2516 ok 16.0 HOME Grant Administration IURA 36,866.10 36,653.98 212.12 99% 2806 ok Unallocated 2015 HOME 12, 14, 16 N/A 71,115.40 56,115.40 15,000.00 79% Total 428,635.00 378,322.88 50,312.12 88% 2016 CDBG Activities 2541 ok 3.0 LKNB Homeowner Rehab Love Knows No Bounds 36,334.72 0.00 36,334.72 0% 2542 ok 6.0 Mini repair INHS 30,000.00 0.00 30,000.00 0% 2543 ok 8.0 Work Preserve Job Training & Placement 13 Historic Ithaca 67,500.00 0.00 67,500.00 0% 2544 ok 9.0 Hospitality Employment Training Program GIAC 100,000.00 0.00 100,000.00 0% 2545 ok 11.0 Heating System & Code Corrections DICC 22,489.00 0.00 22,489.00 0% 2546 ok 12.0 Advocacy Center Garage Renovation Advocacy Center 10,317.00 0.00 10,317.00 0% 2547 ok 13.0 Wading Pool Renovations GIAC 185,000.00 0.00 185,000.00 0% 2548 ok 1.0a Housing for School Success IURA 11,580.00 0.00 11,580.00 0% 2549 ok 14.0 A Place to Stay Case Management Catholic Charities 17,625.65 0.00 17,625.65 0% 2550 ok 8.0a Work Preserve Job Readiness Historic Ithaca 20,000.00 0.00 20,000.00 0% 2551 ok 15.0 Immigrant Services Catholic Charities 30,000.00 0.00 30,000.00 0% 2552 ok 16.0 211 Info and Referral HSC 20,000.00 7,296.83 12,703.17 36% 2553 ok 17.0 CDBG Admin IURA 132,274.20 0.00 132,274.20 0% Total 683,120.57 7,296.83 675,823.74 1% 2016 HOME Activities 2755 ok 1.0 Housing for School Success IURA 77,104.40 13,572.41 63,531.99 18% 17 2756 ok 2.0 Security Deposit Assistance Program (including Inspections) Catholic Charities 44,026.00 2,314.00 41,712.00 5% 2757 ok 4.0 304 Hector Street INHS 100,000.00 0.00 100,000.00 0%  IURA Grants Summary December 2016 ON TOTAL # SCHEDULE UNEXPENDED HUD ENTITLEMENT ACTIVITIES SPONSER BUDGET EXPENDED UNEXPENDED % SPENT 2758 ok 5.0 202 Hancock Townhouses 15 INHS 314,125.00 122,065.19 192,059.81 39% 16 2759 ok 7.0 Morris Ave Homes Habitat for Humanity 75,000.00 0.00 75,000.00 0% 2760 ok 18.0 HOME Admin IURA 32,984.10 0.00 32,984.10 0% 2807 ok Unallocated 2016 HOME N/A 1,611.90 0.00 1,611.90 0% Total 644,851.40 137,951.60 506,899.80 21% ok CDBG Spend Down Ratio (must be less than 1.5 by 6/15 of each year): 1.483 CDBG Spend Down Ratio = total unexpended CDBG funds/most recent annual CDBG award Total Unexpended HUD Entitlement Funds CDBG Activities 981,055.66 CDBG Program Income Activities 6,918.00 HOME Activities 580,904.63 HOME Program Income Activites 0.00 Total Unexpended HUD Entitlement Funds 1,568,878.29 Notes: 1. Funded activities not shown have been completed. 12. 30K of Recaptured PI funds from HOME 2010/5 project #205 213 Cleveland Ave. were returned by INHS and has been used to fund the 2015 HOME Security Deposits Assistance Program instead of the HOME entitlement funds originally assigned to project. The expended amount for the Security Deposit Asst includes the 30K of the entitlement fund that were transferred to HOME Unallocated and will be assigned to a project at a later date. 13. $21,749.57 balance in 2014 Unallocated transferred and allocated to 2016 Work Preserve Activity per 2016 Action Plan 14. The expended amount for the #5/2015 Housing First #303 activity includes $14,843.00 that was deobligated from project and reallocated (transferred in) to 2015 HOME unallocated. These funds have been allocated to the 2016 Morris Ave Homes activity per the adopted 2016 action plan and will be reflected on Committee Report when 2016 funding is available. 15. $273,869.00 balance in 2015 CDBG Unallocated transferred and allocated to 2016 202 Hancock Townhouses Activity per the 2016 Action Plan 16. A total of $56,115.40 was transferred and reallocated from 2015 HOME Unallocated. $41,115.40 was allocated to the 2016 Morris Homes Activity per the 2016 Action Plan & $15,000.00 was allocated to a 2010 HOME Activty 301 Madison. The full $15,000.00 was allocated and spent within the month of September for this project.