Metropolitan Housing Trust Fund Commission
Barnes Fund for Affordable Housing
Fall 2016
Request for Application
Adriane Bond Harris
Office of Economic Opportunity and Empowerment
Senior Advisor – Affordable Housing
Office of the Mayor
100 Metro Courthouse
Nashville, TN 37201
The Metropolitan Housing Trust Fund Commission
The Barnes Fund for Affordable Housing
Purpose
The Nashville Metropolitan Government established the Metropolitan Housing Trust Fund Commission (Commission) in 2013 to develop a housing trust fund to provide a local and flexible method for increasing the supply of affordable housing in Davidson County. The Barnes Fund for Affordable Housing (Barnes Fund) grant program was established to assist non-profit affordable housing developers in providing good quality affordable housing to residents of Davidson County with limited means. The Barnes Fund targets low income households earning less than 80% of the Area Median Income (AMI) adjusted for family size by addressing unmet critical housing needs.
Eligibility
This Request for Proposal (RFP) is open to 501(c)3 non-profit housing developers interested in creating rental or home buyer opportunities for Davidson County’s low income population.. Eligible activities under this RFP include:
· Acquisition and rehabilitation
· Acquisition and new construction
· New construction only
· Acquisition, demolition and new construction
· Rehabilitation Only
· Acquisition Only
All units assisted with Barnes funds must serve persons with income at or below 80% of the AMI adjusted for family size Rental projects must serve persons with income at or below 60% of the AMI. The property must be located within Davidson County Tennessee and the non-profit must have control and management of the project.
Ineligible activities include:
· Mobile Home located on rented lots
· Land acquisition only
· Luxury items such as swimming pools and hot tubs
· Furniture
· Services
· Re-financing only of current debt
Funding
Funding is provided by the Nashville Metropolitan Government. For the fall 2016 funding round approximately $10,000,000.00 is available for eligible projects in Davidson County Tennessee. There is no limit on the amount of funds requested but preference will be given to projects that leverage additional federal and/or private funds. In the event of a tie score and funds are insufficient to fund both projects, the funds will be awarded to the development team that has the greatest number of years’ experience working in the neighborhood of the project submitted.
Properties
Metro back tax properties are available for project donation this funding round. These properties may be requested for the development of rental or home buyer activities. The properties will be deed restricted. Because of the nature of the donated properties, it is important that the nonprofits review the zoning eligibility and conditions of the sites. The nonprofit should also include any legal or title expenses in the development pro forma to ensure the proposed project is developable and buildable.
Funding Request Submittal
An electronic application for funding is available at the Nashville Mayor’s Office website located at www.nashville.gov. To fill out the application electronically you must download the application and save it to the applicant’s computer. Use only the forms and spaces provided on the application. Questions altered or changed will result in the application being deemed ineligible and will not be reviewed for funding.
All applications must be received no later than 12:00 pm, on November 14, 2016. A post mark does not constitute delivery. If you are unable to submit some of your attachments the attachments may be physically submitted but must be received no later than 12:00 pm on November 14, 2016. Applications will be accepted via electronic submission only. Completed applications must be emailed and received by OEOE by 12:00 pm on November 14, 2016. Applications received after this date and time will not be considered. There are no exceptions to this deadline.
Please submit your application to:
Adriane Harris
Senior Advisor – Affordable Housing
Economic Opportunity and Empowerment
Office of the Mayor
100 Metro Courthouse
Nashville, TN 37201
Applications will only be accepted through:
Barnes Housing Trust Fund
2016 Homeowner Rehabilitation Funding Application
Date of Application: Click here to enter a date. Activity: Click here to enter text.
SECTION 1: Applicant Information
Organization: Click here to enter text. / Type of Organization: Choose an item.Contact Person: Click here to enter text. / Tax ID Number: Click here to enter text.
Address: Click here to enter text. / Date Formed: Click here to enter a date.
City: Click here to enter text.
State: Click here to enter text.
Zip Code: Click here to enter text.
Telephone Number: Click here to enter text.
Fax Number: Click here to enter text.
Email Address: Click here to enter text.
SECTION II: Project Information
Project Name Click here to enter text.
Is this a scattered site project? ☐Yes ☐No
If no please list the area of the proposed project. Click here to enter text.
Is this projected limited to a specific population? ☐Yes ☐No
The project will serve (Check all that apply):
☐Elderly only
☐Special needs only
☐Elderly and special needs only
☐Extremely Low Income
☐No income restrictions
The project will serve incomes (Check all that apply):
☐30% and below area median income
☐50% and below area median income
☐80% and below area median income
Will the home owner have to have owned their home for a specific length of time prior to receiving assistance?
☐Yes ☐No
If yes, how long will the owner have to have owned their home before receiving assistance? Click here to enter text.
How will ownership be determined?
Will any of the homes receiving assistance constructed prior to 1978? ☐Yes ☐No
If yes, will lead based paint testing be performed? ☐Yes ☐No
SECTION III: Project Design
Will the home owner fill out an application for the proposed repairs? ☐Yes ☐No
If yes, please provide a copy of the proposed application?
If no, please note that you must have a homeowner application prior to the award of funding.
How will the home owner’s income be verified? Click here to enter text.
Will a lien be placed against the home for the cost of the repairs? ☐Yes ☐No
If yes, please provide a copy of the proposed lien.
The home owner financial assistance will be a: ☐Grant ☐Loan
☐Grant/Loan Combination
Please describe the type(s) of home owner financial assistance proposed. If the project includes a loan or grant/loan combination please describe the underwriting criteria, determination of affordability for the home owner and the reason for the project design.
What measures will be taken to ensure that home owner does not profit from the rehabilitation (i.e. sell the home, convert it to rental property)?
Is there a minimum and maximum dollar amount of repairs proposed for this program? ☐Yes ☐No
If yes, what are the minimum and maximum amounts proposed?
Click here to enter text.Minimum amount of repair request
Click here to enter text. Maximum amount of repair request
Please describe your home owner rehabilitation program. Include your application process, marketing, selection and types of activities proposed.
Will volunteer labor be used? ☐Yes ☐No
Will mobile homes be eligible for rehabilitation assistance? ☐Yes ☐No
Will the home owner own the land that the mobile home is located on? ☐Yes ☐No
SECTION IV: Rehabilitation
Who will be responsible for creating the work write-ups and construction specifications? Click here to enter text.
Will the home owner or the grantee select the rehabilitation contractor? ☐Homeowner ☐Grantee
How will contractor(s) be selected?
Will all code violations be corrected during rehabilitation? ☐Yes ☐No
Who will inspect the rehabilitation work? Click here to enter text.
Will the rehabilitation have a warranty? ☐Yes ☐No
If yes, how long is the warranty? Click here to enter text.
Do you have rehabilitation standards? ☐Yes ☐No
If yes, please attach a copy of your rehabilitation standards.
If no, please note that you must have rehabilitation standards prior to the award of funding.
Will green building elements be included in the rehabilitation? ☐Yes ☐No
SECTION V: Funding Sources Information
Total Project Cost: Click here to enter text.
Total Barnes Fund Request: Click here to enter text.
Total Other Fund(s) Amounts: Click here to enter text.
Please enter all funding resources for the development and construction of the units, including any match/leverage and the Barnes Fund Request, for the proposed project. (If applicable)
Funding Source / Amount / Interest Rate / Term in Months / Type of FundsClick here to enter text. / Click here to enter text. / Click here to enter text. / Click here to enter text. / Choose an item.
Click here to enter text. / Click here to enter text. / Click here to enter text. / Click here to enter text. / Choose an item.
Click here to enter text. / Click here to enter text. / Click here to enter text. / Click here to enter text. / Choose an item.
Click here to enter text. / Click here to enter text. / Click here to enter text. / Click here to enter text. / Choose an item.
VI. Barnes Fund Request Summary
New Construction or Purchase and Rehabilitation Cost Request: Click here to enter text.
Administration or Developer Fee Request: Click here to enter text.
Operational Support Request: Click here to enter text.
Note: Total amount requested must equal the sum of the three requests listed above.
SECTION VII: Development Team Information
Executive Director: Click here to enter text. Email Address: Click here to enter text.
Project Administrator: Click here to enter text. Email Address: Click here to enter text.
Finance Director: Click here to enter text. Email Address: Click here to enter text.
Telephone Number of Contact Person: Click here to enter text.
SECTION IX: Certifications
Barnes Fund Certification
The undersigned hereby certifies that all the information provided on this form and any attachment is true, correct and complete. He/she certifies that they will abide by all Fair Housing principles which prohibit discrimination on the basis of race, age, gender, religion, national origin, disability or familial status. The applicant further agrees that verification may be obtained from any source the funding entity deems necessary. The undersigned understands that the Barnes Fund reserves the right to request additional information or materials needed and may require changes in information submitted by the applicant and by signing this application he/she authorizes the release of any information necessary for the review of this application. The undersigned further attests that he/she is authorized to sign and to submit said funding application.
Number of Barnes Fund Units: Click here to enter text.
Barnes Fund Request Amount: Click here to enter text.
Name: Click here to enter text. Date: Click here to enter a date.
Title: Click here to enter text.
Signature:
Attachments
Unless otherwise noted all attachments must be submitted with the application in the order listed below. The information requested must be submitted on the application forms provided. Failure to submit the required attachments may result in the withdrawal of the application from the scoring process.
SECTION I:
☐ Copy of 501(c) letter from the Internal Revenue Service
☐ Copy of Certificate of Existence
☐ Copy of Articles of Incorporation/Organization
☐ Copy of By Laws
☐ List of Board Members and Officers with their professional affiliations & employment
☐ Most recent audit and single audit if required
☐ Last 24 month financials if audit has not been done in the past year
☐ Year to date financials
☐ Most recent IRS 990 form
SECTION II:
☐ Copy of homeowner application
☐ Copy of the property lien
SECTION III:
☐ Rehabilitation standards
SECTION VII:
☐ Copies of funding commitment letters that list the funding terms, conditions and amount. To receive
points the letter must be from the funder and state dollar amount, interest rate, terms and any other
conditions
☐ Proof of match/leverage (letter from service provider, commitment of donation of goods or materials, etc.)
To receive points the letter must be from the funding agency and include the amount, what the funds can
be used for, terms and conditions
☐ Sources and Uses form (provided)
☐ Organizational Support request
SECTION VIII: None
SECTION X:
☐ Resumes of development team members.
☐ A narrative statement that includes the organizations experience in developing and administering
the type of project proposed. Include the organization’s experience in construction/development,
marketing and sales. (1 page limit)
☐ A list of projects completed by the organization and the development team in the last 5 years.
Include property address, type of funding used, type of project and incomes of clients served.
Bonus Points:
☐ Energy/Green Building Form (provided)
☐ Special Needs Form (provided)
☐ Map showing the location of the project in the Promise Zone
☐ Map showing the location of the project in a Tier One center
☐ Transportation/Proximity to Services (provided)
☐ Form listing the project Census Tract and the FFEIC designation of income range (ie. middle, upper)
(provided)
2016 Application
Home Owner Rehabilitation Scoring Matrix
Application Must Have Score Of At Least 70 Points For Funding
Category / Points / Points AwardedDevelopment Team Years of Experience in Like Housing Projects / 15 Max
1 to 5 years / 5
6 to 10 years / 8
11 to 15 years / 10
Over 15 years / 15
Project Design / 40 Max
Project underwriting is appropriate
for the population the project is
designed to serve / 10
All code violations will be corrected
during rehabilitation / 10
Rehabilitation work will have at least
a one year warranty / 10
Organization has lien in place to
ensure the homeowner does not
profit from the repairs / 10
Audit / 10 Max
Audit performed within the last 24
months / 5
Audit has no findings / 5
Organization Financial Information / 10 Max
Organization has positive
operational cash flow / 5
Organization has positive net worth / 5
Funding Request / 20 Max
Request < 25% of total project cost / 5
Request < 50% of total project cost / 3
Project includes committed non
Federal match/leverage excluding
loan from a private lender / 5
Project includes a committed loan
from a private lender / 5
Project includes committed federal
match/leverage / 5
Developer Fee From Barnes Fund / 5 Max
Developer’s Fee = or < 10% of
Barnes fund request / 5
Developer’s Fee > 10% but < 20%
of Barnes fund request / 2
Energy/Green Building Bonus Points / 30 Max
See Attachment - Energy/Green
Building / Varies
See Attachment – Special Needs / Varies
Located Within the Promise Zone / 5
Located Within Tier One Centers of
The Nashville Next Growth &
Preservation Concept Map / 5
Located Near a Major Transportation
Corridor With Public Transportation
Option Within ¼ Mile of the Unit / 5
Located in a Middle or Upper Income
Census Tract or Mixed Income or
Mixed Use / 5
Total Points / 100+30
Printed Name: Date: