HUD Senior and Veteran Housing Resources - Earl Redrick

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Nebraska HUD Field Office Director Earl Redrick details HUD programs that can be used to assist veterans and seniors. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013

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HUD Senior and Veteran Housing Resources - Earl Redrick

  1. 1. Housing Seniors and  Veterans in Rural America August 28, 2013
  2. 2. Considerations for Rural  Communities • Planning  • Capacity • Partnerships • Other Housing Needs 2
  3. 3. Resources • HUD Office of MultiFamily • HUD Office of Healthcare • HUD CDBG/Iowa Economic Development  Authority • HUD‐VASH vouchers • Small Business Administration (SBA) • 3
  4. 4. HUD Resources • HUD Office of MultiFamily – Section 221 (d) 3 – Non‐Profit developer – Mortgagee can receive insured mortgage up to 100% of      replacement costs. – Section 221 (d) 4 – For Profit developer. Mortgagee can receive max mortgage of 90% of                replacement costs. – 4
  5. 5. HUD Office of MultiFamily –Proceeds may be used for new  construction or substantial  rehabilitation –Projects must have 5 or more units –Insures lenders against loss on  mortgage defaults 5
  6. 6. HUD Office of MultiFamily –Moderate income tenants – no income  limits –Allows for long term mortgage – up to  40 years –Projects may be designated specifically  for elderly or disabled  6
  7. 7. HUD Resources • HUD Office of Healthcare – Section 232 – Skilled Nursing Homes, Assisted   Living  Facilities, Intermediate Care Facilities,  Board and Care Homes. 7
  8. 8. HUD Office of Healthcare continued • Use of FHA‐Healthcare Insured Loans: – Construction Financing – Refinancing – Replacement Facilities – Expansion – Modernization 8
  9. 9. HUD Office of Healthcare continued • For More Information: www.hud.gov/healthcare 9
  10. 10. CDBG Resources • Iowa Economic Development Authority – Community Development Block Grant (CDBG) • Annual competitive program • Funds owner‐occupied rehabilitation for single family  homes • Projects must primarily benefit low and moderate  income persons 10
  11. 11. CDBG Resources • Iowa Economic Development Authority – Community Development Block Grant (CDBG) • Maximum per unit subsidy = $37,500 Contact: 515‐725‐3081 housing@iowa.gov 11
  12. 12. Veterans Affairs Supportive  Housing (VASH) 12
  13. 13. Veterans Affairs Supportive  Housing (VASH) – VA and HUD Commitment  • VA is committed to the Federal Plan to Prevent and End Homelessness, which calls for coordinated strategic cooperation with our community partners • VA and HUD have established the nation’s largest supported permanent housing initiative • HUD and VA work together on the U.S. Interagency Council on Homelessness 13
  14. 14. Veterans Affairs Supportive Housing  (VASH) –Iowa PHAs with VASH • Council Bluffs 10 • Davenport 45 • Des Moines 135 • Iowa City 50 • Mason City 35 • Sioux City 25 Total                300 14
  15. 15. Veterans Affairs Supportive Housing  (VASH) 15 PHA and Housing Process  Referral is made in writing to the PHA from the VA  Case manager assistance (if needed): o Complete forms o Work out transportation issues o Locate suitable housing following PHA guidelines
  16. 16. Veterans Affairs Supportive Housing  (VASH) 16 o Request PHA inspection and approval of selected unit o Address obstacles and barriers o Facilitate communication between PHA and Veteran
  17. 17. Veterans Affairs Supportive Housing  (VASH) 17 –Kathy Ritzler –HUD VASH SME, Region 7 –515‐284‐4315 –Kathy.R.Ritzler@hud.gov HUD Contact
  18. 18. Small Business Administration  (SBA) Resources • Builders Line Program – The SBA provides up to an 85% guarantee – Provides financing for small contractors or  developers to construct or rehabilitate residential  property  – Building project serves as collateral – Loan maturity generally 3 years 18
  19. 19. SBA continued • Builders Line Program – Proceeds of loan used solely for direct expenses  of: • Acquisition • Immediate construction and/or significant  rehabilitation – Land purchase can be included – cannot exceed  20% of loan proceeds 19
  20. 20. For More Information Earl.E.Redrick@hud.gov 402‐492‐3134  Omaha, NE Field Office Steven.Eggleston@hud.gov 515‐323‐2462 Des Moines, IA Field Office 20

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