Project Based Vouchers June 13, 2008 By Jackie Blankenship Housing Voucher Programs.
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Transcript of Project Based Vouchers June 13, 2008 By Jackie Blankenship Housing Voucher Programs.
![Page 1: Project Based Vouchers June 13, 2008 By Jackie Blankenship Housing Voucher Programs.](https://reader036.fdocuments.us/reader036/viewer/2022082818/56649ef45503460f94c0718f/html5/thumbnails/1.jpg)
Project Based Vouchers
June 13, 2008By Jackie BlankenshipHousing Voucher Programs
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Voucher Program Parameters
Our PBV program is different from what we’ve done in the past.
20% of MSHDA HVP vouchers designated as PBV
All regulations that apply to HCV apply to PBV Developments will be working with MSHDA
contracted Agents and MSHDA Resource Specialists
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PBV Process for LIHTC
LIHTC/SH staff will notify OHVP that PBV are desired
LIHTC/SH staff will be reviewing LIHTC applications to ensure compliance with site selection criteria, environmental requirements, and SH underwriting requirements.
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Process - continued
LIHTC/SH staff will be working closely with OHVP.
LIHTC/SH Staff will work with OHVP for subsidy layering submission to HUD.
Between the time that projects are originally developed and when PBV are assigned, MSHDA priorities and/or HUD regulations may change which could change the project parameters.
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Waiting Lists
MSHDA will maintain WL Owner will select a Lead Agency Names for WL will be referred by Lead
Agency to MSHDA Important that Lead Agency do extensive
marketing to ensure sufficient applicants
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Waiting Lists - continued
Separate WL for PBV, HARP, individual PBV developments if more than one in a county, barrier-free units
Tenants must meet SH definitions identified on Addendum III to be on WL
WL are open to anyone – not just lead agency clients bypassing all other potentially eligible persons
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Screenings
Criminal Screenings will be conducted by MSHDA Contracted Agent using ICHAT, OTIS, and SOR.
MSHDA does not screen for credit worthiness or tenant rental history
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Other Reasons for Denial
Family doesn’t meet eligibility criteria Family fails to sign consent forms Family fails to provide proof of citizenship
or eligible immigration status A family member has been evicted from
federal assisted housing within past 5 yrs
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HAP Contracts
First a AHAP Then a HAP - 10 Year Contract Executed after final PBV unit passes HQS
inspection. 5 Year Renewal Monitoring will be performed by OHVP
Resource Specialists.
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Rent Determinations
Initial rent determinations will be done via the market study performed at initial application
Eight months out from occupancy, a second market study performed to confirm original findings
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Rents
In PBV projects receiving LIHTCRents for properties NOT in a qualified census
tract (QCT) are the lesser of the reasonable rent, LIHTC rent minus the utility allowance, or owner requested rent
Rents for properties in a QCT cannot exceed the lowest of an amount not exceeding 110% of FMR, reasonable rent, or owner requested rent
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Utilities
OHVP Utility schedules will be used not MSHDA Asset Management utility schedules.
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Vacancy Loss
Will not be available for the initial lease up period in which the owner must hold a unit open for 60 days to find a special needs tenant.
Will be available due to turnover for 60 days.
Vacancy claims begin the first calendar month after the move-out month
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Vacancy Loss - continued
Vacancy loss claim period cannot exceed two full months following the move-out. Example: May 20th move outVacancy claim begins June 1st and ends July
31st unless unit is leased prior to July 31st
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HQS Inspections
No payments will be made until all PBV units in the project have been inspected and pass the inspection. Includes several buildings and/or phase in of projects.
All units will be inspected annually. Initial inspections will be conducted by MSHDA
(new construction/significant rehab). Annual inspections will be conducted by MSHDA
Housing Agents
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Income Eligibility
Currently our income eligibility is lesser of federal poverty or 30% AMI.
Have submitted our PHA Plan to HUD for approval requesting income eligibility be 85% of new admissions are at or below 30% AMI and remaining 15% are at or below 50% AMI.
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Payments
Based on occupancy and passed HQS inspections.
Cover entire month (owner keeps already paid HAP if tenant moves out mid-month.)
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1 Year Residency
After tenant has been on PBV for one year, eligible to move from PBV unit and receive a HCV.
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Questions?
Future questions: About PBV, contact Jackie Blankenship or
assigned OHVP Resource Specialist for response.
About SH, contact John Hundt or your appropriate SH staff member.
About LIHTC, contact your appropriate LIHTC contact.