HOME CONSORTIUMHOME CONSORTIUM Established 1994 Established 1994 Members:Members:

City of RenoCity of Reno City of SparksCity of Sparks Washoe CountyWashoe County

Other participants:Other participants: TRCTRC Directors Directors Regional Planning Governing BoardRegional Planning Governing Board

GOALSGOALS Provide decent affordable housing to Provide decent affordable housing to

low income households low income households Expand the capacity of nonprofit Expand the capacity of nonprofit

housing providers housing providers Strengthen the ability of state and Strengthen the ability of state and

local governments to provide local governments to provide housing housing

Leverage private-sector participation Leverage private-sector participation

ELIGIBLE ACTIVITIESELIGIBLE ACTIVITIES Homeowner Homeowner

rehabilitationrehabilitation

Homebuyer activitiesHomebuyer activities

Rental housingRental housing

Tenant-based rental Tenant-based rental assistance (TBRA)assistance (TBRA)

PRIORITIES FOR PRIORITIES FOR FUNDINGFUNDING

Level I Priorities: Level I Priorities:

Project must provide units at or below 40% of Project must provide units at or below 40% of the Area Median Income for family units; at or the Area Median Income for family units; at or below 45% of Area Median Income for senior below 45% of Area Median Income for senior projects. Project must have MOU for services.projects. Project must have MOU for services.

Projects that provide permanent housing, Projects that provide permanent housing, especially in conjunction with supportive especially in conjunction with supportive services, for individuals and households with services, for individuals and households with special needs and/or emerging from special needs and/or emerging from homelessness.homelessness. Project must have Supportive Project must have Supportive Services (MOU)Services.Services (MOU)Services.

PRIORITIES FOR PRIORITIES FOR FUNDINGFUNDING

Level II Priorities:Level II Priorities: On transit corridorOn transit corridor

Green ComponentGreen Component

Conforms to Consolidated Plan, Conforms to Consolidated Plan, Regional Plan, 10 Year Plan to End Regional Plan, 10 Year Plan to End HomelessnessHomelessness

Mixed Income/Use ProjectsMixed Income/Use Projects

FUNDING SOURCESFUNDING SOURCES HOME Investment HOME Investment

Partnership Program Partnership Program (HOME)(HOME)

State of Nevada HOME State of Nevada HOME dollarsdollars

State of Nevada Low State of Nevada Low Income Housing Trust Income Housing Trust

Funds (LIHTF)Funds (LIHTF)

Any other potential funds Any other potential funds provided to this region for provided to this region for

housing housing

HOME ALLOCATIONS BY YEAR

13500001400000145000015000001550000160000016500001700000

2005200620072008200920102011

FUNDING SOURCES

0200000400000600000800000

100000012000001400000

LOW INCOME HOUSING TRUST FUNDS AND STATE HOME

FUNDS ALLOCATIONS BY YEAR

2005200620072008200920102011

FUNDING PROCESS FLOW CHART

HOME - Fed GovtHOME -StateLIHTF - StateWCHC Program IncomeOther sources

Lead AgencyReno

TechnicalReview

Committee

Contractors,Builders,CHDOs,other agencies

Participating Jurisdiction(Reno, Sparks, Washoe County)

Directors

REGIONAL PLANNINGGOVERNING BOARD

RFPs

FUNDS

$

$

WCHC Recent Development Projects (2005-2010)

Golden Apartments Southwest Village Rehab C Street rehab Bethel Plaza II Pilgrim Rest The Willows at Wells Senior Apartments St. Vincent’s Residence Aspen Terrace Sierra Manor City Hall Senior STEP 1 Silver Sage Senior on McCarran Autumn Village River Senior Silver Sage Senior at Neil Road

PROCESSPROCESS TRC:TRC:

Calls for applications – October 1 Receives applications – December 8 Holds public hearings – January-March Jurisdictions consider allocation of pro-rata share of HOME

entitlement funds – February Provides recommendations to Directors – March

Directors:Directors: Reviews recommendations from TRC – March Provides recommendations to RPGB – April

RPGB:RPGB: Ratification of recommended allocation

Funds available for commitment after July 1, Funds available for commitment after July 1, 2012 upon approval of funds by HUD and 2012 upon approval of funds by HUD and

must be committed within 24 monthsmust be committed within 24 months