award grant or loan contracts

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]