Ohio Community Development News - January 2013

 Brought to you by the Ohio CDC Association Volume 4 - Issue 1

Ohio CDC News

Americorps*VISTA Sub-Site RFP
Due Friday, February 22, 2013
We welcome voting-members to submit an application to become a sub-site to the OCDCA VISTA Project to begin Summer 2013. Funding is provided by the Corporation for National and Community Service (CNCS) and the Ohio Development Services Agency (ODSA) through the Ohio Housing Trust Fund (OHTF). Limited slots are available; therefore this is a competitive process and some slots will be reserved for housing only initiatives. The CNCS VISTA Program mission statement is to increase capacity for low-income people to improve the conditions of their own lives. To view the RFP visit the OCDCA website by clicking here.

Job Opportunities for Low Income Families
OCDCA was granted funds from the Office of Community Services to assist individuals at 100% of the poverty line for business start/business expansion that would be sufficient enough to create 34 full-time permanent jobs with livable wages. Working with Adams Brown Counties Economic Opportunities, Inc, Community Action Council of Pike County and Increase Community Development Corporation, 28 individuals have created and/or expanded a business in 7 urban and rural counties. Further, there are at least 3 additional clients who will launch their businesses within the first half of 2013.

Other project partners that helped to make this project a success were Ohio Department of Jobs and Family Services, and two regional child care resources and referral organizations – COAD and Action for Children.

Clients who successfully completed the project received training in financial education, micro-business instruction and instruction specific to their chosen industry. Many received certification in their chosen field. All were granted $2500 in start-up/expansion funds upon completion. Types of businesses included home base child care facilities to a relaxation/massage spa.

OCDCA and its partners undertook this project at a time when the economy was shifting downward, particularly in the State of Ohio. This made project implementation challenging yet necessary to provide employment, service and business opportunities for low income persons in urban and rural areas. Despite the barriers, OCDCA is pleased to announce the overall success rate was 91% of the expected outcome.

SAVE THE DATE! Ohio CDC Association 29th Annual Conference -- October 10-11 - Cincinnati Hilton Netherland
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Partner News

Building Assets for Fathers and Families
BAFF OHIO, a partnership between Ohio CDC Association and its affiliates, Ohio Department of Jobs and Family Services, Child Support Enforcement and the Ohio Fatherhood Commission, will be hosting a series of free regional trainings at various locations around the state in the spring of 2013. The regional trainings are to cross-train child support professionals, Assets for Independence (AFI) professionals or other asset building strategists, and fatherhood practitioners. The regional trainings will provide information about each organization and an understanding of the program and services that are provided.

More details about times and exact locations are coming.

  • March 26, 2013 Akron
  • April 9, 2013 Cincinnati
  • April 11, 2013 Columbus
  • April 29, 2013 Athens
  • May 1, 2013 Cleveland
  • May 6, 2013 Dayton
  • May 21, 2013 Toledo/Port Clinton
  • May 30, 2013 Ashtabula

If your organization is interested in an innovative collaboration with non-traditional partners to expand your reach in providing financial education, asset building tools or some other type of wealthy community strategy, we hope that you will meet with us during one of these sessions. If you have any questions concerning the trainings, please contact Suzanne Parks at sparks@ohiocdc.org or 614-461-6392 EXT 206.

National Development Council Academy
OCDCA members interested in attending the National Development Council (NDC) Academy in Washington, D.C. from April 16 – 18 can receive a special 15% discount in addition to the early bird discount. For more information,click here.
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Member News

The University Park Alliance (UPA), a community development corporation, has received a multi-million dollar commitment from the Knight Foundation to accelerate revitalization in Akron. The $8 million in support will catalyze an urban revitalization vision of UPA. The vision already has increased community engagement and led to millions of dollars in development. Click here for more information.

Lancaster-Fairfield Community Action Agency
The Columbus Dispatch recognized the work of the Lancaster-Fairfield Community Action Agency’s work Rutherford House developed for permanent supportive housing.
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Funding Opportunities

Childcare Facilities
USDA Rural Development is accepting applications for grants of up to $50,000 for certain qualified childcare facilities in communities of 20,000 population and under, with scoring priorities for towns of 5,000 and under. The deadline for submissions is June 1, 2013. For application information, please contact Ohio's Community Programs Director Dave Douglas at 614-255-2391 or via email at david.douglas@oh.usda.gov.

Affordable Housing Preservation
USDA Rural Development announced funding for the Multifamily Housing Preservation and Revitalization Demonstration Program, better known as MPR. Preapplications are due February 28, 2013. For more information, contact Sherry Engel, 715-345-7677 or Tiffany Tietz, 616-942–4111, ext. 126.
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Job Opportunities

For current postings, click here. Organizations with employment opportunities in the housing and community development field, please send your employment notices to Mark Harris, at mharris@ohiocdc.org.
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State News

CHDO Operating Grant Recipients
The Ohio Housing Finance Agency (OHFA) announced the recipients of the CHDO operating grant program. OCDCA appreciates the support of the Ohio Development Services Agency (ODSA) and OHFA for reinstating the program. Congratulations to the recipients!

  • Burten, Bell, Carr Development, Inc.
  • CAP Commission of the Lancaster Fairfield County Area
  • Community Action Organization of Delaware, Madison and Union Counties
  • Cornerstone Corporation for Shared Equity
  • East Akron Neighborhood Development Corporation (EANDC)
  • Famicos Foundation, Inc.
  • Frontier Community Services
  • Gallia Meigs Community Action Agency, Inc.
  • Logan Belle Home and Neighborhood Development (H.A.N.D.)
  • New Home Development Company, Inc.
  • Over the Rhine Community Housing
  • Preferred Properties, Inc.
  • St. Mary Development Corporation
  • Three Rivers Housing Corporation, Inc.
  • TriCounty CAC of Champaign, Logan, & Shelby
  • WSOS Community Action Commission, Inc.

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National News

Federal Budget Update
The U.S. House of Representatives have voted to raise the debt ceiling to May 18th, 2013 and the U.S. Senate is anticipated to approve their plan. If approved, it will temporarily avoid a debt ceiling crisis similar to the summer of 2011 that led to a downgrade of the country’s credit rating and the sequester.

H.R. 8, the bill passed by Congress in the waning hours of the 112th Congress, postponed the across-the-board cuts to discretionary funds, scheduled for January 1, until March 1. Unless Congress acts, the sequester will take effect, resulting in cuts needed to achieve a $1.2 trillion reduction in the deficit over a 10-year period. The Office of Management and Budget estimates that a full-year sequestration would result in 8.2% cuts to most non-defense discretionary accounts. One scenario under discussion is to simply keep postponing the sequester until the political environment improves and less drastic cuts can be negotiated.

Finally, Congress must settle funding levels for the current fiscal year, FY13, which started October 1, 2012. The federal government is currently funded at FY12 levels by a CR that expires on March 27. H.R. 8 set new spending caps for FY13. Appropriators now report a readiness to move forward with finalizing FY13 funding levels.

H.R. 8 also set new caps for the FY14 federal budget, which has not yet been made public. Although the President is required by statute to deliver his proposed FY14 budget request to Congress by the first Monday in February, it will be delayed due to lack of a FY13 budget and the uncertainty surrounding the sequester or a replacement deficit reduction measure.

The Center on Budget and Policy Priorities has issued a report on the impact of deficit reduction on the poor and middle class and commentary on the latest budget crisis.

Fiscal Cliff
The enactment of H.R. 8, the American Taxpayer Relief Act of 2012 that avoided the so-called "fiscal cliff”, covered many housing related items.

Homeowner Tax Items

  • Extends through the end of 2013 mortgage debt tax relief
  • Deduction for mortgage insurance extended through the end of 2013
  • Extends the section 25C energy-efficient tax credit for existing homes through the end of 2013

Multifamily Tax Items

  • Extends the 9% LIHTC credit rate for allocations through the end of 2013; absent the credit fix, the LIHTC program would suffer a loss of equity investment for affordable housing projects
  • Extension through the end of 2013 of base housing allowance rules for affordable housing

National Housing Trust Fund
The New York Times addressed the need to support affordable housing and the National Housing Trust Fund in a recent editorial.

American Housing Survey Data Now Available on American FactFinder
New data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development demonstrate that 20% of recent movers identify “convenience to job” as the single most important factor in their neighborhood choice in 2011. The survey data are from the American Housing Survey, released in October 2011. The survey data are now available for the first time on the web-based American FactFinder tool. American FactFinder includes 52 tables from the 2011 American Housing Survey, covering a broad range of housing topics at the national level only. The topics covered include housing problems, vacancy rates, data related to housing moves, health hazards, neighborhood satisfaction, housing costs, household income characteristics and accessibility for persons with disabilities. Data on health, safety and accessibility are new to the survey for 2011.The new data from the American Housing Survey can be accessed on the American FactFinder.

HOME and LIHTC Guidebook from HUD
HUD’s Office of Community Planning and Development (CPD) issued HOME and the Low-Income Housing Tax Credit Guidebook. The 161-page publication provides technical guidance on how to assess projects intending to use both the HOME program and Low Income Housing Tax Credit (LIHTC). The document provides a useful glossary, and overviews of both HOME and LIHTC, before delving into technical considerations such as reviewing financial feasibility, construction standards, income targeting, rents and ensuring long-term compliance with income eligibility and rent affordability. Click here to access the guidebook.

Federal Expenditures on Housing and Real Estate, 2007 - 2011
Smart Growth America has published Federal Involvement in Real Estate: A Call for Examination.

Fundrise Shakes Up the World of Real Estate Finance
A company called Fundrise is making strides with an obscure type of development financing. They have taken the concept of crowdsourcing and applied it to real estate development finance. This unconvential way of financing requires special regulatory filings, but the founders of the company found it to be the most appropriate way to finance development. Their business model relies on small investments from local people who live and work in the neighborhood. Similar to buying shares in a company, the founders call it a democratic way of raising money for local real estate. They hoped to address the problem of absentee financiers who only see development projects by numbers and from a distance, and return the power of development finance back to the people that neighborhood development matters to the most: the locals. They have been featured in The Washington Post, Bloomberg, and Atlantic Cities.
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DISCLAIMER: The Ohio CDC Association (OCDCA) e-Newsletter & Web Site are published by OCDCA. The publishers have made every attempt to ensure the accuracy of the information presented herein, but makes no warranties, implied or otherwise, as such. OCDCA does not exclusively endorse or guarantee any goods or services listed herein and cannot be held liable for the content of any advertisement or the performance of any member.