Restore Louisiana Task Force May 12, 2017
Agenda Small Business Loan Program Updates Rental Programs Updates Homeowner Assistance Program Updates Pat Forbes Madhu Beriwal and Jon Mabry (IEM) Third Appropriation Funding Considerations 1
Small Business Loan Program Lenders Selected by OCD and LED Panel South Central Planning & Development Commission Regional Loan Corporation TruFund Financial Services, Inc. NewCorp, Inc. North Delta Regional Planning and Development District 2
Small Business Loan Program Coverage Areas Regional Loan Corp St. James St. Tammany Tangipahoa Washington NewCorp Ascension East Baton Rouge St. James St. Tammany Tangipahoa Washington South Central Planning Acadia Ascension East Baton Rouge Evangeline Iberia Iberville Lafayette Livingston St. James St. Landry St. Martin St. Tammany Vermillion 3
Small Business Loan Program TruFund Allen Ascension Beauregard Calcasieu East Baton Rouge East Feliciana Iberville Jefferson Davis Livingston Point Coupee St. Helena St. James St. Tammany Tangipahoa Washington West Baton Rouge West Feliciana Coverage Areas North Delta Regional Avoyelles Bienville Bossier Caddo Caldwell Catahoula Claiborne DeSoto East Carroll Franklin Grant Jackson LaSalle Lincoln Madison Morehouse Natchitoches Ouachita Rapides Red River Richland Sabine Union Vernon Webster West Carroll Winn 4
Small Business Loan Program: Coverage 5
Small Business Loan Program Program Implementation Timeline Outreach and Marketing of Program March 13 June 1 Lender Staff Training May 15 Application Intake Period for Businesses May 26 June 30 Review of Eligible Applicants for Awards May 26 July 7 Loan Award Distribution (Closings) July 15 Dec 31 Contact Information Michael Chua Economic Development Project Manager OCD-DRU, Baton Rouge 225-219-7824 michael.chua@la.gov 6
Neighborhood Landlord Rental Program Notice of Funding Availability Seminar Schedule Wednesday, May 17- Baton Rouge- EBR Main Library Thursday, May 18- Hammond- LaQuinta Inn Tuesday, May 23- Lafayette- Lafayette Main Library Thursday, May 25- Richwood- Ouachita Parish Library All seminars begin at 3:00 pm Registration is required: lhc.la.gov restore.la.gov 7
Neighborhood Landlord Rental Program Program Implementation Timeline Complete: Program Workshops for Landlords End of April Complete: Program Webinar May 8 (available on restore.la.gov) Lenders Workshop, with Office of Comptroller May 12 Application Open Date May 15 Deadline for Questions May 31 disasterrecovery@lhc.la.gov FAQs Published and Questions Answered June 9 Application Intake Deadline June 16 Commitment Letters Issued July 3 8
Multifamily Restoration Gap Program Notice of Funding Availability Seminar Schedule Wednesday, May 17- Baton Rouge- EBR Main Library Thursday, May 18- Hammond- LaQuinta Inn Tuesday, May 23- Lafayette- Lafayette Main Library Thursday, May 25- Richwood- Ouachita Parish Library All seminars begin at 3:00 pm Registration is required: lhc.la.gov restore.la.gov 9
Multifamily Restoration Gap Program Program Implementation Timeline Complete: Program Workshops for Developers End of April Complete: Program Webinar May 8 (available on restore.la.gov) Application Period (NOFA) Opens May 15 Deadline for Questions May 31 FAQs Published and Developer Questions Answered June 6 Application Deadline June 15 Awards Announced June 23 10
Permanent Supportive Housing Accepting Applications Now: For more information or to apply, contact: Permanent Supportive Housing or Section 811 PRA 1450 Poydras St. #1133 New Orleans, LA 70112 PSH (toll-free): 844-698-9075/ PSHApplications@la.gov Section 811 PRA (toll-free): 844-756-1562 / 811.PRA@la.gov Fax: 504-568-3372 11
Rapid Rehousing Program Contact and Application Information Flood survivors in need of assistance from the Rapid Rehousing program should contact Disaster Case Management: Phone: 1-844-581-2207 (Toll-free, 8:00am- 4:30pm M-F) Email: DCMPinfo@la.gov Accepting Applications Now: 12
Homeowner Assistance Program Outreach Activities Email Blasts TV and Radio Public Service Announcements (PSAs) Personalized Assistance Events for Completing Survey Town Hall and Other Meetings
Homeowner Assistance Program Personalized Assistance Events for Completing Survey May 16 9 a.m. to 7 p.m. Southeastern Louisiana University, Hammond May 17 9 a.m. to 7 p.m. Ascension Parish Library, Gonzales May 18 9 a.m. to 7 p.m. Bill Cockrell Recreation Center, Shreveport May 23 9 a.m. to 7 p.m. East Baton Rouge Parish Library, Greenwell Springs May 24 9 a.m. to 7 p.m. Youngsville Sports Complex, Youngsville May 25 9 a.m. to 7 p.m. Denham Springs Historic City Hall, Denham Springs
Current Program Budgets (First and Second Appropriations) Program Area Program Allocation Percentage of Total Restore Louisiana Housing Programs $1,423,693,120 85.92% Homeowner Program (relative % within housing programs $1,293,693,120 78.08% = 90.87%) Rental Housing and Homelessness Programs (relative % within housing programs $ 130,000,000 7.85% = 9.13%) Restore Louisiana Economic Recovery and Revitalization Programs $62,000,000 3.74% Infrastructure Program (FEMA Public Assistance Match) $105,000,000 6.34% Administration and Planning $ 66,278,880 4.00% Total Allocation $1,656,972,000 100%
Potential Third Appropriation Major and Severe Homeowner and Renter Need: Proportional Allocation Considerations Housing Unmet Need Summary Category Amount Relative Percentage of Unmet Housing Need Owner-Occupied $2,448,293,435 90.4% Renter $254,798,970 9.4% Homeless Assistance and Prevention $5,250,232 0.2% Total Major and Severe Housing Recovery Need $2,708,342,637 100% First and Second CDBG-DR Allocations $1,423,693,120 Total Major and Severe Housing Recovery Unmet Need $1,284,649,517
Potential Third Appropriation Expand Homeowner Program to Include NFIP Policy Holders POPULATION CURRENTLY ELIGIBLE : # Households Assume 100% Participation Assume 90% Participation (10% drop out rate) Group A) No NFIP 36,510 $1,298,847,954 $1,192,728,501 ADDITIONAL IMPACTED POPULATIONS: Group B) NFIP - LMI - Inside 4,770 $143,588,002 $131,942,543 100 yr Floodplain Group C) NFIP - LMI - Outside 100 yr Floodplain 1,199 $29,318,799 $26,967,344 Group D) NFIP - Non-LMI - Inside 100 yr Floodplain Group E) NFIP - Non-LMI - Outside 100 yr Floodplain LMI Households who Declined SBA Loans 11,568 $135,426,946 $125,272,582 3,584 $32,112,379 $29,803,229 108 $5,152,000 $5,152,000
Potential Third Appropriation Infrastructure Needs 1) Hazard Mitigation Grant Program (FEMA Match): $94 million Approximate Unmet Need: $94 million 2) Comite River Diversion Canal Project: $190 million Approximate Unmet Need: $190 million 3) Resilient Infrastructure Projects: $600 million Approximate Unmet Need: $600 million Unmet Need for Resilient Infrastructure Category Amount Planning and Flood Risk Modeling $60,000,000 Structural Investments Regional Watershed Protection $303,000,000 Resilience Add-Ons to Planned Public Infrastructure Projects $150,000,000 Community Storm water Retention $51,000,000 Project Delivery Costs $36,000,000 Total $600,000,000
Further Information For further information regarding 2016 Flood Recovery Programs and to take the Restore Louisiana Homeowner Survey please visit: http://restore.la.gov/ 19