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Wilmington Realtors Foundation ApplicationWorkforce Housing Services Program - Request for Proposals FY23-24 *indicates a required field Applicant Information Corporate/Entity Name Wilmington Realtors Foundation Type of Applicant Private Incorporated Non-Profit Agency with IRS 501(c)(3) Designation Applicant Established Date & State September 28th, 1988 North Carolina Organization Principal Name and Title Wilmington Realtor Foundation Principal Email Address Jody Wainio jodyw@kw.com Principal Phone Number 910-232-4635 Please include the name, phone number, and email address of the person that should receive updates about the status of your proposal. Contact Name Catherine Grinnan Contact Email Address catherine@capefear.realtor Phone Number 9104735507 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 501(c)3 Determination letter.pdf List of Board Members with Terms WRF List of Board Members with terms-Revised.pdf Organization By-Laws Foundation Bylaws Amended 7.11.18.pdf Articles of Incorporation Articles of Incorporation 1988.pdf Current Year Operating Budget WRF Current Operating Budget.xlsx Most Recent Financial Statement 2023 June WRF Financial Statement.pdf Most Recent Audit 2021 Financial Audit.pdf Most Recent 990 2022 Signed 990 Tax Return - Wilmington Realtors Foundation.pdf Project Summary Project/Program Name Pierson Pointe Number of Units/Households to be Assisted 48 Estimated Total Project/Program Cost 11,655,400. WHSP Funding Requested (Maximum $1.5 Million) 1.5 million Project Location/Address 6221-6229 Carolina Beach Road Wilmington, N.C. 28409 Please upload a location map clearly indicating the project site or program service area. Pierson Pointe Overview 2023.docx 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. N/A Indicate if the request is for pre-development or construction financing. N/A Project Type Construction (including site work, infrastructure, operational, and design costs) of new affordable single-family or multifamily housing units for sale or rent Project Narrative Earliest Project/Program Start Date October 31st, 2022 Anticipated completion date of sale/ rental/ occupancy May, 2026 Strategic Goals Addressed Increasing Housing Stock, Improving Housing Stock, Increasing Housing Access Describe how your project will address the strategic goal(s) listed above. Pierson Pointe meets New Hanover County’s highest priority unmet need – permanent affordable housing and home ownership for its most essential workers below Area Median Income: police, fire, emergency first responders and equally important healthcare nurses and medical technicians, K-12 teachers, and skilled trades meeting community and economic needs. Strategic Priorities Addressed Shovel Ready/Operational by July 2024 Planning Phase April-June2023:Build Internal Capacity Campaign Staffing, Budget, Accounting and Policies Refine Case & Develop Marketing Materials ID, Evaluate Leaders, Advisors and Donors Form Campaign Cabinet (Realtors, Planning Focus) Leaders& Momentum Gifts July-Sept.2023: Recruit and Launch Campaign Cabinet (Community leaders, Implementation Focus) Complete Presentation Materials Assign & Track Momentum Gift Donors ID & Evaluate Donor Cultivation Strategies Leader “Art of the Ask” Training Lead& Major Gifts Phase Oct 2023-March -2025 Cultivate and Solicit Lead Gifts Monthly Hot List Assignments Largest Gifts - 70% of working goal Individual visits - Top 30-50 Focus Cultivate and Solicit Major Gifts 90% of working goal Small Group visits - Top 100-200 Focus Stewardship and Communications – Ongoing and Throughout Leverage of Funding Paragon Bank $565,000 Peirson Pointe loan North Carolina Housing Foundation $25,000 Period of Affordability The Pierson Point Townhomes prices are locked in at closing of purchase and the prices will remain at the agreed upon price based on the formula established by the Wilmington Realtors Foundation Board of Directors and will remain in perpetuity. Target AMI 60% to 120% According to the procedures set forth by the Wilmington Realtors Foundation Board of Directors, 100% of the Pierson Pointe Town home units will be sold to the members of Wilmington and surrounding communities at 80%-120%. Acceptance of Housing Choice Vouchers The Pierson Point Townhome project will not be accepting vouchers as the entire project consists solely of units for sale. And at no time in the future will this policy be changed. Describe how WHSP funding will expand existing programs and/or projects, if applicable. Providing water and sewer access to the Eastern side of Carolina Beach Road South of Monkey Junction will allow for future development of all kinds and add to the tax base for the county. Tell us how your proposal supports New Hanover County's commitment to diversity, equity, and inclusion. Wilmington Realtors Foundation has established floor plans using approved ADA guidelines for ease of accessibility for individuals needing such accommodations. WRF has also included 2-bedroom units with smaller square footage for a more economical price for individuals with lower incomes Describe how your development will comply with the Federal Fair Housing Act. Wilmington Realtors adhere to holding up fair housing rules and principles as part our culture to embrace the fair housing act set forth by the Federal Government, in addition to home buyer education. Realtors code of ethics have embraced continued fair housing for all. Preventing discrimination and reverse housing segregation. Additional Information Project Budget/Pro Forma (must be the spreadsheet provided) 2 WRF NHC grant app Workforce Housing Program Budget Template (Construction) (3).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. No other grants have been applied for at the time of this submission. Resume of staff who will manage the project. Jody Wainio Resume 2023.pdf Three examples of past experience, including project title, description, number of units/households assisted, project year, and location. Projects.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 WI-96002-96789-C-NFA-20220825 Soil and Waste DEQ.pdf Evidence of appropriate zoning Z22-02 Signed Order.pdf Preliminary site plan Pierson Pointe Overview 2023_1.docx Evidence of water/sewer availability Est_8709_from_Malpass_Construction_Co__Inc__8644 SEWER.pdf Describe how your policies and procedures give access to housing for residents The Pierson Point Project is working closely with banking and home financing partners to develop alternative paths to home with credit challenges or who may have been involved with the legal system (or upload to the right, if applicable). ownership where applicable and appropriate for the essential workers we serve. Fair Housing policies/procedures Fair Housing Assessments overview.docx Letters of support from other funding sources. NCR Housing Foundation Support letter.pdf Additional Uploads American Homesmith Support Letter.pdf Additional Uploads Paragon Bank Support letter.pdf Additional Uploads Field not completed. Is there anything else you'd like to tell us about your proposal? We would like to share a quote from Hanson Mathews “Many organizations are talking about this issue, in the for profit and non-profit sector. But we (Wilmington Realtors Foundation) realized early on that this type of project needs to be supported from a public and private partnership. We will look to the community and to our own members (3000) for funding. Support with private funds and this grant will help support the public funds in this project.”