IURA Neighborhood Investment Committee

Ithaca Urban Renewal Agency 108 East Green Street Ithaca, New York 14850 (607) 274-6565 AGENDA IURA Neighborhood Investment Committee (NIC) 8:30 am, Friday, February 9, 2018 Third Floor Conference Room City Hall, 108 E. Green St., Ithaca, NY 14850 I. Call to Order II. Changes/additions to Agenda III. Public comment IV. Review of Minutes – January 12, 2017 V. New Business 1. Proposal for 402 S. Cayuga Street site 2. Employer‐Assisted Housing (EAH) Overview and Examples 3. Review AFH Data on Labor Market Engagement and Proximity to Work VI. Other Business 1. IURA Grant Summary 2. Staff Report a. HUD Updates b. Program Updates 3. Next meeting date: March 9, 2018 VII. 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.  Ithaca Urban Renewal Agency 108 East Green Street Ithaca, New York 14850 (607) 274-6565 DRAFT MINUTES IURA Neighborhood Investment Committee (NIC) 8:30 am, Friday, January 12, 2018 Third Floor Conference Room City Hall, 108 E. Green St., Ithaca, NY 14850 Present: Karl Graham, Chair; Tracy Farrell; Vice‐Chair; Fernando de Aragón; Teresa Halpert; Paulette Manos Staff: Anisa Mendizabal Excused: None Guests: None I. Call to Order Chair Graham called the meeting to order at 8:35 a.m. II. Changes/additions to Agenda None III. Public comment None IV. Review of Minutes – December 8, 2017 Moved by Farrell, seconded by de Aragón. Approved as written. Carried unanimously. V. New Business 1. Discussion of Request for Proposals – City of Ithaca 2018 HUD Entitlement Program Mendizabal distributed a chart with expected outcomes through the end of Program Year 2017. Discussion ensured regarding affordable housing goals. Outcomes as reported to HUD do not reflect the power of leveraged funds. IURA’s early commitment to many affordable housing projects that have occurred within the Con Plan cycle has proven beneficial in gaining further financial support for these projects.  Mendizabal pointed to out that Lakeview Mental Health’s affordable housing development was a funded project for PY2017, however, due to insurmountable burdens in meeting some federal regulations, Lakeview ultimately declined the award. This project is proceeding and will ultimately produce affordable units, albeit without entitlement funding. The Committee directed staff to provide information regarding the actual number of affordable housing units built in Ithaca during the Con Plan cycle and the number of projects that utilized HUD Entitlement Funding. Discussion turned to the City’s low homeownership rates and high housing costs. The benefits and possible unintended consequences of inclusionary zoning were discussed. Halpert reported that nationally, 5‐7% return on investment is seen as good by developers. Mendizabal circulated and analysis City of Burlington, VT inclusionary zoning program published in January 2017, which includes scenarios for adjusting its IZ policies. Halpert and de Aragón noted the value of employer‐sponsored workforce housing. Mendizabal will look for current examples of employer‐sponsored workforce housing for transferrable lessons. 2. Resolution – Technical Correction to Promissory Note for 2015 Action Plan Project #1 – 210 Hancock Street Project #1 – 210 Hancock (Action Plan 2015) – Technical Correction to Promissory Note WHEREAS, Ithaca Urban Renewal Agency (IURA) provided Ithaca Neighborhood Housing Services (INHS) with $120,000 in financial assistance in the form of a construction loan on June 30, 2016 to support Action Plan 2016 Project #1 – 210 Hancock, and WHEREAS, an error in the language of the Promissory Note between IURA and INHS results in incorrect calculation of the late fees imposed as five percent (5%) of total annual payment instead of five percent of total monthly payment, and WHEREAS, this matter has been reviewed and by the Neighborhood Investment Committee of the IURA who recommends the following; now therefore, be it RESOLVED, that the Neighborhood Investment Committee of the IURA hereby recommends the IURA approve a correction to the executed promissory note for the construction loan of Project #1 – 210 Hancock (Action Plan 2016) to establish late fees that are calculated at 5% of the total monthly payment. Moved by Farrell, seconded by Manos. Carried Unanimously 5‐0. VI. Other Business 1. IURA Grant Summary The Committee reviewed progress of projects to ensure all were on track to meeting HUD’s spend‐down requirements.  2. Staff Report a. HUD Updates The Committee discussed HUD’s suspension of the AFFH Rule. Mendizabal reported the goals articulated in the City of Ithaca’s Assessment of Fair Housing (AFH) will be incorporated into the Consolidated Plan, as planned. Mendizabal has verified with HUD Buffalo that the Con Plan cycle is due June 16, 2019, not 2018, as previously stated. Therefore, Con Planning will begin in earnest in Fall 2018. Mendizabal reported that starting January 1, 2018, the HUD CPD Field Representative to our community will be Alex Velardo. Mr. Velardo replaces Elizabeth McClam. Mr. Velardo is familiar with Ithaca, having been its Field Rep previously. The Committee reviewed the 2016 Annual Community Assessment (ACA) from HUD. b. Program Updates Mendizabal notified the Committee of communication from TCAT Staff regarding AP2017 Project #12 – Urban Bus Signage and Amenities Upgrades. Due to ongoing infrastructural improvements being made by the City at Chestnut and Elm Streets, the proposed use of funding there will be significantly delayed. TCAT has submitted some alternative uses for the funds, including improvements to Chestnut Hill bus shelter to make it ADA compliant or put funding toward the LCD TCAT messaging screen at Salvation Army. The Committee discussed and feels ADA compliance is a more urgent and important use (bus stop at Chestnut Hill Apts). Mendizabal shared the subsidy layering analysis for 828 Hector Street (AP2017 #21—CHDO Reserve). In the future, the Committee will review analysis when/if the project has encountered difficulty. Mendizabal reported that Love Knows No Bounds (AP2016 #3) is on track for fulfilling commitment, and has requested and received a 90‐day extension. Another townhome at 210 Hancock (AP2016 #5), making the total 5 of 7. Harriet Giannelis CCC closing has been delayed until 1/25/2018. 3. Next meeting date: February 9, 2018 VII. Motion to Adjourn Moved by Farrell; seconded Halpert. Carried Unanimously 5‐0. Adjourned at 9:43 am.  EMPLOYER ASSISTED HOUSING (EAH): TYPES & EXAMPLES BENEFITS TO EMPLOYER: • Aids in recruitment, especially at a time of potential labor shortage (Baby Boomer retirement wave)/competitive advantage • Improves retention; decreases turnover o Turnover costs as portion of annual salaries  30-50% of entry level employee  150% mid-level employee  400% of specialized employee 1 • Addresses inefficiencies due to long commutes to work (decreases absenteeism and tardiness) • Increases to morale and loyalty • Builds positive public perception of employer/community relations ITHACA CONTEXT: • In 2006, 46% of renters nationwide were cost-burdened (paying more than 30% of income to rent). 2 In 2009, 55% of renters nationwide were. 3 • 52% of City of Ithaca households are cost-burdened and 37% are severely cost-burdened (paying more than 50%) 4 • Median home value $255,000 5 • Median listing price $290,000 6 OTHER CONSIDERATIONS TO DISCUSS: • Responses to 9/11, Hurricane Katrina: Recognized need for housing for first responders/proximity to community served in case of disaster • Anticipate success; structure program to benefit low-wage workers to avoid gentrification and displacement 1 Homes for Working Families, Metropolitan Planning Council, 2007. 2 American Community Survey (ACS), 2006, https://www.census.gov/housing/census/publications/who-can-afford.pdf. 3 The Humphrey School, 2009. 4 Assessment of Fair Housing for the City of Ithaca, 2017. 5 Zillow, 2/1/2018 6 Zillow, 2/1/2018  TYPE TOOL LOCATION EMPLOYER UPS DOWNS Homebuyer Down Payment/Closing Costs Columbus, GA AFLAC Assistant amounts Amounts Assistance—Grant vary. $1,500- available may not $5,000 plus realistically aid additional low-income incentives (see employees. 1. below) of $1,000- Avoid $3,000 gentrification and displacement by targeting low- income workers. Down Payment Assistance— Long Island; Northrop Lower taxes than More impact in Forgivable Loan Buffalo Grumman; grants (new tax lower-cost 2. Canisius College structure makes markets (or this uncertain) higher-wage employees). + Incentive for locating near transit Chicago University of Neighborhood Chicago stabilization, furtherance of 3. employer’s environmental vision + Walk-to-Work Radius Incentive Milwaukee, WI Harley-Davidson Neighborhood 4. stabilization Gap Financing Assistance CA and MN EMPLOYER Multiple Housing costs CONSORTIUMS: employers vary by location. Silicon Valley contribute. Unlike other Leadership Group employee (Housing Trust of benefits, i.e. Santa Clara health insurance; 5. County); Greater housing (esp. Minnesota homebuyer) Housing Fund involves capital investment that may not be recouped if employee moves.  Renovation Financing Assistance Mississippi Gulf Northrop 6. Coast Grumman Partner w/ Nonprofit for Variety of Santa Barbara, CA Hatch and Parent Allows employee Homebuyer Discounts (home (small law firm) to receive fee inspections, broker commissions, reductions 7. refi fees.) nonprofit has access to but private partner does not. Homeownership Most of the above Various 8. Education/Counseling Construction Construction Financing MN Works well in (Sale or Rental) communities 9. where there is a nonprofit builder. 10. Loan Guarantee Various Low Income Tax Credit (Purchase) Hormel Foods Pelican Rapids, 11. MN 12. Charitable/Corporate Contribution Ithaca Cornell University 13. Low Interest or Deferred Loans Various Equity Contribution (Investment) or Marshall, MN; Schwan Food Employer-Owned Housing Grand Portage, Company; Grand 14. MN Portage Tribal Council 15. Land Donation Aitkin, MN Kellar Foundation 16. Rental Rental Subsidies Seattle Reduction on market rent on new Santa Barbara, CA Hatch and Parent Partner with leases (small law landlords to secure firm)/Santa rent reductions 17. Barbara Coastal ($50-$100 c._) ; Housing some employers Partnership sign master leases. Related Employer-operated shuttle Silicon Valley Apple, Google 18. Assistance Van Pool (employer subsidized) Los Angeles; UCLA; ? 19. Rochester, NY  IURA Grants Summary December 2017 ON TOTAL # SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET EXPENDED UNEXPENDED % SPENT 2015 CDBG Activities 2521 complete 1.0 Hancock Street INHS 250,403.50 250,403.50 0.00 100% 2522 complete 2.0 Mini repair INHS 35,000.00 35,000.00 0.00 100% 2 Finger Lakes Ind. Center 2531 complete 6.0 Temporary Ramp Loan Program 20,000.00 20,000.00 0.00 100% 3 GIAC 2532 complete 7.0 Hospitality Employment Training Program 109,372.86 109,372.86 0.00 100% 2523 complete 8.0 Work Preserve Job Training Program Historic Ithaca 87,500.00 87,500.00 0.00 100% 2524 ok 9.0 Spencer Road Sidewalks City of Ithaca 100,000.00 28,106.50 71,893.50 28% 2525 complete 10.0 2-1-1/I&R Service Human Services Coalition 20,000.00 20,000.00 0.00 100% 7 Southside Community Center 2526 complete 11.0 Building for the Future 21,227.76 21,227.76 0.00 100% 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% 7 N/A 2912 complete Unallocated 2015 CDBG 2,349.24 0.00 0.00 100% Total 837,351.56 763,108.82 71,893.50 91% 2015 HOME Activities 2511 ok 1.0 210 Hancock Street INHS 206,922.50 205,922.50 1,000.00 99% 2512 complete 3.0 Security Deposit Assistance Program (including Inspection Catholic Charities 44,000.00 44,000.00 0.00 100% 2517 complete 4.0 Housing Scholarship Program Learning Web 24,600.00 24,600.00 0.00 100% 2514 complete 5.0 Housing First 10, 13 TCAction 15,131.00 15,131.00 0.00 100% 2516 complete 16.0 HOME Grant Administration IURA 36,866.10 36,866.10 0.00 100% 2518 complete 18.0 First Time Home Buyers-515 W Clinton4, 14 INHS 15,000.00 15,000.00 0.00 100% 2806 complete Unallocated 2015 HOME4, 13, 14 N/A 71,115.40 0.00 0.00 0% Total 413,635.00 341,519.60 1,000.00 100% 2016 CDBG Activities 2541 ok 3.0 LKNB Homeowner Rehab Love Knows No Bounds 36,334.72 15,134.00 21,200.72 42% 2542 ok 6.0 Mini repair INHS 30,000.00 27,484.32 2,515.68 92% 5 2543 ok 8.0 Work Preserve Job Training & Placement Historic Ithaca 67,500.00 34,770.42 32,729.58 52% 2544 ok 9.0 Hospitality Employment Training Program GIAC 100,000.00 82,121.88 17,878.12 82% 2545 ok 11.0 Heating System & Code Corrections DICC 22,489.00 18,699.00 3,790.00 83% 2546 complete 12.0 Advocacy Center Garage Renovation Advocacy Center 10,317.00 10,317.00 0.00 100% 2547 ok 13.0 Wading Pool Renovations GIAC 185,000.00 0.00 185,000.00 0% 2548 complete 1.0a Housing for School Success IURA 11,580.00 11,580.00 0.00 100% 2549 ok 14.0 A Place to Stay Case Management Catholic Charities 17,625.65 4,374.37 13,251.28 25% 2550 complete 8.0a Work Preserve Job Readiness Historic Ithaca 20,000.00 20,000.00 0.00 100% 2551 complete 15.0 Immigrant Services Catholic Charities 30,000.00 30,000.00 0.00 100% 2552 complete 16.0 211 Info and Referral HSC 20,000.00 20,000.00 0.00 100% 2553 complete 17.0 CDBG Admin IURA 132,274.20 132,274.20 0.00 100% Total 683,120.57 406,755.19 276,365.38 60% 2016 HOME Activities 2755 ok 1.0 Housing for School Success IURA 77,104.40 42,751.27 34,353.13 55% 2756 ok 2.0 Security Deposit Assistance Program (including Inspection Catholic Charities 44,026.00 41,251.00 2,775.00 94% 2757 ok 4.0 304 Hector Street INHS 100,000.00 96,380.00 3,620.00 96% 2758 complete 5.0 202 Hancock Townhouses 8, 9, 15 INHS 314,125.00 314,125.00 0.00 100% 2759 ok 7.0 Morris Ave Homes 14 Habitat for Humanity 75,000.00 0.00 75,000.00 0% 2760 complete 18.0 HOME Admin IURA 32,984.10 32,984.10 0.00 100% 2807 complete Unallocated 2016 HOME 11 N/A 0.00 0.00 0.00 100% Total 643,239.50 527,491.37 115,748.13 82% 2017 CDBG Activities 2561 ok 1.0 Chartwell House Tompkins Community Action 22,000.00 0.00 22,000.00 0% 2562 ok 2.0 2017 Homeowner Rehab INHS 75,000.00 0.00 75,000.00 0% 2563 ok 6.0 Mini Repair INHS 26,000.00 0.00 26,000.00 0% 2564 ok 7.0 Hospitality Employment Training Program GIAC 100,000.00 0.00 100,000.00 0% 2565 ? 8.0 Ithaca ReUse Center Expansion Finger Lakes ReUse, Inc. 50,000.00 0.00 50,000.00 0% 2566 ok 10.0 Work Preserve Job Training: Job Placements Historic Ithaca 67,500.00 0.00 67,500.00 0% 2567 ok 11.0 Food Entrepreneurship CCE of Tompkins County 36,587.00 0.00 36,587.00 0% 2568 ok 12.0 Urban Bus Stop Signage & Amenities TCAT 25,000.00 0.00 25,000.00 0% 2569 ok 13.0 DICC Heating & Roofing Replacement6, 7 DICC 35,500.00 0.00 35,500.00 0% 2570 ok 14.0 Immigrant Services Catholic Charities 30,000.00 0.00 30,000.00 0% 2571 ok 15.0 Work Preserve Job Readiness Historic Ithaca 20,000.00 0.00 20,000.00 0% 2572 ok 16.0 2-1-1 Info and Referral Human Services Coalition 20,000.00 7,976.80 12,023.20 40% 2573 ok 17.0 A Place To Stay: Supportive Services Catholic Charities 15,925.00 0.00 15,925.00 0% 2574 ok 18.0 Housing For School Success: Year #2 ICSD 13,280.00 0.00 13,280.00 0% 2575 ok 19.0 CDBG Admin IURA 128,882.00 0.00 128,882.00 0% ok 22.0 Economic Development Loan Fund IURA 56,886.24 0.00 56,886.24 0% ok 9.0 Harriet Gianellis Child Care Center Tompkins Community Action 84,200.00 0.00 84,200.00 0% Total 806,760.24 7,976.80 798,783.44 1% Page 1 of 2  IURA Grants Summary December 2017 ON TOTAL # SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET EXPENDED UNEXPENDED % SPENT 2017 HOME Activities 2767 ok 3.0 402 South Cayuga Street Habitat for Humanity 80,000.00 0.00 80,000.00 0% 11 The Learning Web 2768 ok 4.0 Housing Scholarship Program 65,592.00 5,585.94 60,006.06 9% 2769 ok 5.0 Security Deposit Assistance Catholic Charities 42,750.00 14,507.00 28,243.00 34% 2770 ok 21.0 828 Hector Street (CHDO) INHS 41,378.00 0.00 41,378.00 0% 2771 ok 20.0 HOME Admin IURA 27,565.10 0.00 27,565.10 0% 12 N/A 2807 ok Unallocated 2017 HOME 19,977.80 0.00 19,977.80 0% 15 N/A ok Recaptured Funds (HP) 5,000.00 0.00 5,000.00 0% 8 N/A ok Unanticipated Program Income (PI) 21,545.00 0.00 21,545.00 0% Total 303,807.90 20,092.94 283,714.96 7% CDBG Spend Down Ratio (must be less than 1.5 by June 1st of each year (60 days prior to program year): CDBG Spend Down Ratio = total unexpended CDBG funds/most recent annual CDBG award NO Pre-2017 Method: Unexpended CDBG Grant funds on Line of Credit: 1.532 NO Current Method: Total Unexpended CDBG funds: Line of Credit + CDBG Revolving Loan Fund: 2.165 Maximum Unexpended CDBG Funds to Satisfy 1.5 CDBG Spend Down Ratio 966,615 Amount Required to be Expended by 6/1 to Meet CDBG Spend Down Ratio of 1.5: 428,264 Total Unexpended HUD Entitlement Funds CDBG Activities 987,042.32 CDBG Program Income 160,000.00 CDBG Revolving Loan Fund Balance 567,836.71 HOME Activities 400,463.09 HOME Program Income Activites 0.00 Total Unexpended HUD Entitlement Funds 2,115,342.12 Page 2 of 2  SNAPSHOT of HOME Program Performance--As of 12/31/17 Local Participating Jurisdictions with Rental Production Activities Participating Jurisdiction (PJ): Ithaca State: NY PJ's Total HOME Allocation Received: $6,791,919 PJ's Size Grouping*: C PJ Since (FY): 2004 Nat'l Ranking (Percentile):* Category PJ State Average State Rank Nat'l Average Group C Overall PJs in State: 28 Program Progress: % of Funds Committed 97.53 % 95.88 % 5 94.22 % 90 91 % of Funds Disbursed 94.10 % 94.33 % 11 91.63 % 78 79 Leveraging Ratio for Rental Activities 19.41 3.67 1 5.72 100 100 % of Completed Rental Disbursements to 100.00 % 96.88 % 1 96.41 % 100 100 All Rental Commitments*** % of Completed CHDO Disbursements to 86.85 % 93.75 % 18 91.05 % 24 24 All CHDO Reservations*** Low-Income Benefit: % of 0-50% AMI Renters 87.50 % 83.31 % 0 82.75 % 57 0 to All Renters % of 0-30% AMI Renters 62.50 % 52.76 % 3 46.90 % 78 81 to All Renters*** Lease-Up: % of Occupied Rental Units to All 100.00 % 98.48 % 1 97.92 % 100 100 Completed Rental Units*** Overall Ranking: In State: 2 / 28 Nationally: 84 85 HOME Cost Per Unit and Number of Completed Units: Rental Unit $51,984 $66,851 $35,443 32 Units 3.00 % Homebuyer Unit $39,436 $18,965 $17,549 44 Units 4.10 % Homeowner-Rehab Unit $20,711 $11,563 $21,754 33 Units 3.10 % TBRA Unit $1,005 $5,400 $3,558 972 Units 89.90 % * - A = PJ's Annual Allocation is greater than or equal to $3.5 million (15 PJs) B = PJ's Annual Allocation is less than $3.5 million and greater than or equal to $1 million (110 PJs) C = PJ's Annual Allocation is less than $1 million (454 PJs) ** - E.g., a percentile rank of 70 means that the performance exceeds that of 70% of PJs. ***- This category is double-weighted in compiling both the State Overall Ranking and the National Overall Ranking of each PJ. Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page 1  Program and Beneficiary Characteristics for Completed Units Participating Jurisdiction (PJ): Ithaca NY Total Development Costs: Rental Homebuyer Homeowner CHDO Operating Expenses: PJ: 1.1 % (average reported cost per unit in (% of allocation) National Avg: 1.1 % HOME-assisted projects) PJ: $240,933 $138,753 $26,033 State:* $165,736 $117,627 $16,157 National:** $130,018 $86,491 $25,907 R.S. Means Cost Index: 0.92 Rental Homebuyer Homeowner TBRA Rental Homebuyer Homeowner TBRA % % % % % % % % RACE: HOUSEHOLD TYPE: White: 50.0 72.7 81.8 56.0 Single/Non-Elderly: 34.4 29.5 39.4 20.0 Black/African American: 21.9 13.6 9.1 32.0 Elderly: 15.6 2.3 30.3 8.0 Asian: 6.3 11.4 6.1 2.7 Related/Single Parent: 37.5 25.0 9.1 46.7 American Indian/Alaska Native: 0.0 0.0 0.0 1.3 Related/Two Parent: 9.4 22.7 18.2 14.7 Native Hawaiian/Pacific Islander: 0.0 0.0 0.0 0.0 Other: 3.1 20.5 3.0 10.7 American Indian/Alaska Native and White: 0.0 0.0 0.0 0.0 Asian and White: 0.0 0.0 3.0 0.0 Black/African American and White: 3.1 0.0 0.0 1.3 American Indian/Alaska Native and Black: 0.0 0.0 0.0 0.0 Other Multi Racial: 3.1 0.0 0.0 0.0 Asian/Pacific Islander: 0.0 0.0 0.0 0.0 ETHNICITY: Hispanic 15.6 2.3 0.0 6.7 HOUSEHOLD SIZE: SUPPLEMENTAL RENTAL ASSISTANCE: 1 Person: Section 8: # 43.8 25.0 66.7 26.7 78.1 9.1 2 Persons: 25.0 38.6 9.1 24.0 HOME TBRA: 0.0 3 Persons: 12.5 9.1 9.1 20.0 Other: 3.1 4 Persons: 6.3 13.6 6.1 20.0 No Assistance: 18.8 5 Persons: 6.3 9.1 3.0 5.3 6 Persons: 0.0 4.5 6.1 2.7 7 Persons: 6.3 0.0 0.0 0.0 8 or more Persons: 0.0 0.0 0.0 1.3 # of Section 504 Compliant Units: 53 * The State average includes all local and the State PJs within that state ** The National average includes all local and State PJs, and Insular Areas # Section 8 vouchers can be used for First-Time Homebuyer Downpayment Assistance. HOME Program Performance SNAPSHOT Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page 2  HOME PROGRAM SNAPSHOT WORKSHEET - RED FLAG INDICATORS Local Participating Jurisdictions with Rental Production Activities Participating Jurisdiction (PJ): Ithaca State: NY Group Rank: 84 (Percentile) State Rank: 2 28 PJs Overall Rank: 85 (Percentile) Summary: 0 Of the 5 Indicators are Red Flags FACTOR DESCRIPTION THRESHOLD* PJ RESULTS RED FLAG 4 % OF COMPLETED RENTAL DISBURSEMENTS TO ALL < 95.80% 100 RENTAL COMMITMENTS % OF COMPLETED CHDO 5 DISBURSEMENTS TO ALL < 84.92% 86.85 CHDO RESERVATIONS 6 % OF RENTERS BELOW < 70%** 87.5 50% OF AREA MEDIAN INCOME 8 % OF OCCUPIED RENTAL < 96.82% 100 UNITS TO ALL RENTAL UNITS "ALLOCATION-YEARS" NOT DISBURSED*** > 4.160 0.97 * This Threshold indicates approximately the lowest 20% of the PJs ** This percentage may indicate a problem with meeting the 90% of rental units and TBRA provided to households at 60% AMI requirement *** Total of undisbursed HOME and ADDI funds through FY 2013 HOME and ADDI allocation amount. This is not a SNAPSHOT indicator, but a good indicator of program progress. HOME Program Performance SNAPSHOT Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page 3  HOME Investment Partnerships (HOME) Program Program Progress Dashboard Cumulative as of 12/31/2017 Participating Jurisdiction (PJ): Ithaca, NY PJ Since: 2004 (1) Status of Funds Total HOME Allocations Received: $6,791,919 Commitments Only Uncommitted 3% 2% Disbursements* 95% * "Disbursements" include previously committed funds. (2) Unit Production - Completions Last Quarter (October 1 - December 30, 2017): Net Increase: 0 Cumulative Since: 2004 Total: 109 Rental 29% Homebuyer No net increase in reported units. 41% Homeowner Rehab 30% New Tenant-Based Rental Assistance (TBRA): 25 Households Tenant-Based Rental Assistance (TBRA) Total: 972 Households Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page 1  Ithaca, NY (3) Production Detail Racial/Ethnic Breakout Rental Projects Homebuyer Projects 60 80 72.7 50 70 50 60 40 50 30 40 21.9 15.6 30 20 20 11.4 13.6 10 6.3 6.2 10 2.3 0 0 0 0 0 0 0 In 0 .I. In 0 .I. dian As As Bl ia is c th W dian As As Bl ia is c th W /A ia ian/ ac n/ pa er hi ia ian/ ac n/ pa er hi n P. k P ni O te /A n P. k P ni O te la I. ai la I. ai sk aw H sk aw H a H a H Am Am Avg. Total Dev. Cost (TDC)* Per Unit: $240,933 Avg. Total Dev. Cost (TDC)* Per Unit: $138,753 Homeowner Rehabilitation Projects 90 81.8 80 70 60 50 40 30 20 6.1 9.1 10 0 0 0 0 3 0 a la /P ai ia sk si .I . la n/P. r W an ck I. th e hi In A sian B H is O te di pani an A aw c /A H m A Avg. Total Dev. Cost (TDC)* Per Unit: $26,033 * TDC - Includes all sources of funds HOME Program DASHBOARD Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page 2  Ithaca, NY b. Income Range Breakout c. Family/Size Breakout 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% Rental Hom eow ner Hom ebuyer 0% Rental Hom eow ner Hom ebuyer 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 0-30% 31-50% 51-60% 61-80% 7 Persons 8 or More Persons d. Household Type Breakout 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Rental Hom eow ner Hom ebuyer Single/Non Elderly Elderly Related/Single Parent Related/Parent Other HOME Program DASHBOARD Source: Data entered by HOME Participating Jurisdictions into HUD’s Integrated Disbursement and Information System (IDIS) Page3