Georgia Department of Community Affairs Camila Knowles, Commissioner COSCDA Managers Conference dca.ga.gov March 17, 2015 Glenn Misner & Rusty Haygood The Role of Georgia DCA Community Finance Division CDBG and State Financing Potential Project Market Successful Concepts Initial Project Assessments Local Community & Economic Development Needs Monitor & Audit Manage Projects Award/Denial Final Structure of Assistance Application Development & Submission Review & Underwrite Application HUD CDBG State Allocation to Georgia $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- •FY 2010 •FY 2011 •FY 2012 •FY 2013 •FY 2014 •FY 2015 ------- Method of Distribution Award From HUD—FY 2015 Example Total Award -- $36,517,619 Available for Annual Competition $25,322,090+ CDBG Employment Incentive Program $8,000,000 The Redevelopment Fund $1,500,000 Immediate Threat & Danger Program $500,000 Method of Distribution Application Cycles CDBG Annual Competition Competitive Round Applications due April 1 Competitive Scoring Model If funded, generally, grantee must “sit out” a year EIP, Redevelopment Fund and IT&D Rolling Application (apply any time of year) Threshold Scoring Model Competitive Criteria Rating Factors Maximum Points Demographic Need - absolute number in poverty Demographic Need - percent of poverty persons Demographic Need - per capita income Program Feasibility Program Strategy Project Impact Leverage of Additional Resources 40 40 40 110 110 110 25 Subtotal 475 Bonus for Readiness to Proceed Up to Bonus points for Revitalization Area Activities Up to 5 20 Max Total Points 500 Threshold Criteria Rating Factors Maximum Points Demographic Need - absolute number in poverty Demographic Need - percent of poverty persons Demographic Need - per capita income Program Feasibility Program Strategy Project Impact Bonus for Return of RLF Assets 40 40 40 110 110 110 25 Subtotal 475 Funding Threshold 300 OED Programs Combining State and Federal Resources STATE FEDERAL o CDBG - EIP o Downtown Development Revolving Loan Fund o Georgia Job Tax Credits o State Small Business Credit Initiative o OneGeorgia Authority o Redevelopment Fund o SSBCI o Equity Fund Program o ESB Loan Guarantee Program o Other State funds DCA Grant & Loan Management Process 1 2 DESIGN PROGRAM to include: • Public Input; • Best Practices; • Lessons Learned; and, • Evaluation Criteria 3 PUBLISH CRITERIA & SOLICIT APPLICATIONS 6 8 EVALUATE PROGRAM EFFECTIVENESS to develop: • best practices; • lessons learned; and, •report results. 7 ASSESS COMPLIANCE prior to contract close-out APPLY CRITERIA TO APPLICATIONS by knowledgeable teams based upon published criteria 4 DISBURSE FUNDS FINALIZE FUNDING DECISIONS Based upon progress & compliance as recommended by management and approved by the Commissioner • Publish Funding Decisions 6 MONITOR COMPLIANCE, PROGRESS, ACCOMPLISHMENTS to include: • Site Visits; •Program Reviews; •Other 5 AWARD GRANT OR LOAN CONTRACTS Specify: •Deliverables; • Allowable costs; •Other **Significant deviation from this process may violate a number of state and federal laws potentially resulting in prosecution. Field Services “An ounce of prevention is worth a pound of cure.” Provides Technical Assistance in areas of: Project Development Eligible Activities Financial Packaging Overall Economic and/or Community Development Strategy Compliance Field Services Georgia Monitors 100% of grantees – Even in times of diminishing resources Minimum 6 on-site visits Investment on front end to avoid findings Significant resources used for travel 65 Federal Regs! (Thanks to Brian for counting) Field Services Field Presence prevents problems We’re Watching! Keeps projects moving Ensures locals are on track Field Services Other Mechanisms for Timely Implementation “Sit out “ a year from eligibility from competition to concentrate on grant – absent a special designation To be eligible for subsequent round (after sit out) 50% drawn for two year old award 100% drawn for > 2 year award Thank You!!! Glenn Misner 404-679-3138 [email protected] Rusty Haygood 404-679-3152 [email protected]
© Copyright 2026 Paperzz