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HomeMy WebLinkAboutCape Fear Collective ApplicationWorkforce Housing Services Program - Request for Proposals FY23-24 *indicates a required field Applicant Information Corporate/Entity Name Collective Impact in New Hanover County d/b/a Cape Fear Collective Type of Applicant Public Non-Profit Agency Applicant Established Date & State December 6, 2019; North Carolina Organization Principal Name and Title Meaghan Dennison, CEO Principal Email Address mdennison@capefearcollective.org Principal Phone Number 919-607-2417 Please include the name, phone number, and email address of the person that should receive updates about the status of your proposal. Contact Name Morgan Cooper Contact Email Address mcooper@capefearcollective.org Phone Number 910-795-0100 ext. 408 Preferred Contact Method Email In addition to the above, non-profit organizations must provide: • 501(c)3 Determination Letter • List of Board Members with Terms • Organization By-laws • Articles of Incorporation • Current Year Operating Budget • Most Recent Financial Statement, Audit, and 990 501(c)3 Determination Letter CFC IRS Determination Letter.tif List of Board Members with Terms Board Roster 2023 – 2024.pdf Organization By-Laws CFC_Bylaws_-_BoD_Approved_6-22-22 (1).pdf Articles of Incorporation Articles of Incorporation.pdf Current Year Operating Budget 2023.2024 Approved 6-28-23 Budget (1).pdf Most Recent Financial Statement Collective Impact in New Hanover County 6-30-2022 - FS.pdf Most Recent Audit 2023.05 YTD Financial workbook (1) (1).pdf Most Recent 990 6-30-2022 990 Collective Impact in New Hanover County, Inc - Copy for Public Inspection.PDF Project Summary Project/Program Name CFC Electrical Improvements and Income Verification Number of Units/Households to be Assisted 75 total Estimated Total Project/Program Cost $673,900 WHSP Funding Requested (Maximum $1.5 Million) $673,900 Project Location/Address Properties are scattered across the City of Wilmington, with particular clusters in the Northside and Southside of town. Please see the excel document attached below for maps and a complete list of addresses. Please upload a location map clearly indicating the project site or program service area. CFC_WHSP-RFP_Property-Map.xlsx Are you requesting an award in the form of a low- interest loan or a grant? Grant If requesting a loan, please describe the loan terms/interest rate requested. Field not completed. Indicate if the request is for pre-development or construction financing. N/A Project Type Conversion/rehabilitation of existing residential and non- residential structure(s) for affordable single-family or multifamily housing units for sale or rent Project Narrative Earliest Project/Program Start Date November 2023 Anticipated completion date of sale/ rental/ occupancy September 2024 Strategic Goals Addressed Increasing Housing Stock, Improving Housing Stock, Increasing Housing Access Describe how your project will address the strategic goal(s) listed above. Correcting electrical hazards and issues will improve the quality of units available for affordable housing (thereby increasing stock) and prevent displacement of tenants due to historically deferred maintenance on electrical systems under previous ownership. Conducting income verification will also enable program monitoring for this funding opportunity, unlock access to additional renovation funding, and create strategic opportunities for current tenants to be connected to tenancy- stabilizing resources and be identified for potential homeownership. Strategic Priorities Addressed Shovel Ready/Operational by July 2024 Proposed properties are already in CFC’s inventory and work can commence immediately upon reward of funding. In lieu of additional staffing, CFC plans to contract with Brick Capital as partners in the income verification process. Leverage of Funding CFC can leverage The City of Wilmington ARP funding up to $250,000 not to exceed $34,000 per unit. Funds must be used by December 2023. Period of Affordability This project proposes intervention at 75 units. 11 units (15% of proposed units) will remain in long-term rental status for 30 years to benefit households at or below 80% AMI. CFC intends to sell 48 units (64% of units) to mission-aligned non profits or landlords for rent to households at or below 80% AMI. The remaining 16 units (21%) are intended for homeownership to buyers at or below 120% AMI. Target AMI 60% to 120% CFC is contractually obligated and has as its mission to serve households at or below 120% AMI. Of our current residents, CFC can confirm (via subsidy agency) that 38 households/units have income at or below 80% AMI and expects additional unverified households to meet this criteria. Income verification will enable CFC to confirm or correct its expectations and will enable us to report our reach to the target population by %AMI to New Hanover County and The City of Wilmington to promote accountability. Acceptance of Housing Choice Vouchers CFC currently accepts Housing Choice Vouchers for 15 units. Our portfolio additionally includes units whose tenants get subsidies from Trillium and/or Benefits Management for a total of 28 units with one or more subsidy agency supporting their tenancy. Proactively inspecting and rectifying electrical repair and rewiring needs across our portfolio will help us ensure that participants of Wilmington’s HCV program have safe and habitable homes. Describe how WHSP funding will expand existing programs and/or projects, if applicable. This project would allow CFC to obtain income verification for all existing tenants. Tell us how your proposal supports New Hanover County's commitment to diversity, equity, and inclusion. CFC upholds New Hanover County’s commitment to diversity, equity, and inclusion by maintaining affordable rentals for existing tenants and by creating homeownership opportunities in low income census tracts, including those with economic and social vulnerability and high inequality. We emphasize homeownership for existing tenants to prevent displacement and preserve the knowledge, legacy, and culture of neighborhoods that are historically Black. Describe how your development will comply with the Federal Fair Housing Act. CFC is committed to following all fair housing laws pertaining to offloads, acquisitions, and rentals, and we consult our attorneys to ensure our practices are consistent with North Carolina fair housing laws. CFC contracts property management to Real Property Management Champions (RPMC). Additional Information Project Budget/Pro Forma (must be the spreadsheet provided) CFC_Housing Program Budget (Services and Programs)_WHSP-RFP2023-24.xlsx Tell us if/how the project is supported by any other New Hanover County grant, funding, or contribution. Please include the type and amount of funding, contribution, etc. N/A Resume of staff who will manage the project. Burhans Resume.docx Three examples of past experience, including project title, description, number of units/households assisted, project year, and location. CFC_Brick_ProjectSamples.pdf Site/Eligibility Criteria • Evidence the site is not impacted by environmental problems such as a brownfield and flood hazard, if applicable • Evidence of appropriate zoning for proposed project, if applicable • Preliminary site plan for project site, if applicable • Evidence of water and sewer accessibility and availability, if applicable Evidence that site is not impacted by environmental problems Field not completed. Evidence of appropriate zoning Field not completed. Preliminary site plan Field not completed. Evidence of water/sewer availability Field not completed. Describe how your policies and procedures give access to housing for residents with credit challenges or who may have been involved with the legal system (or upload to the right, if applicable). CFC has tenants whose leases were in place with previous ownership and does not offer leases to new tenants. Our intention is to improve long term affordable rental for existing tenants or create opportunity for homeownership, but CFC does not qualify individuals for lending nor screen for those criteria. Tenants who wish to purchase their home will be referred to certified housing counseling programs to prepare for homeowner readiness. Non profit partners providing re-entry services are eligible to purchase our properties for the purpose of long term rental. Fair Housing policies/procedures Field not completed. Letters of support from other funding sources. Field not completed. Additional Uploads CFC_Team_Resumes.pdf Additional Uploads Brick_LoS.pdf Additional Uploads BrickCapital_Team_Resumes.pdf Is there anything else you'd like to tell us about your proposal? Field not completed.