Georgia Department of Community Affairs CDBG Economic Development Annual Competition and Set-Aside...
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![Page 1: Georgia Department of Community Affairs CDBG Economic Development Annual Competition and Set-Aside Programs CDBG, EIP, RDF and Capitalized RLF.](https://reader036.fdocuments.net/reader036/viewer/2022062421/56649d6f5503460f94a50dee/html5/thumbnails/1.jpg)
Georgia Department of Community Affairs
CDBG Economic Development
Annual Competition and Set-Aside Programs
CDBG, EIP, RDF and Capitalized RLF
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Brock Smith, Manager OED
Gabe Morris, EIP Program Manger
Staci Tillman, EIP Program Manager
Rusty Haygood, Director Field Services
December 4, 2014
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Core Values of DCA:
Respect for bottom-up, locally driven solutions
Help in bringing the appropriate resources to the table
Creativity and flexibility
Responsiveness
Effectiveness and Efficiency
Team-Player attitude
There’s no wrong door!
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Core Values of DCA:
DCA focuses on bottom-up solutions
As many approaches to community development as there are communities
Local problems – Local solutions
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Community Finance Division
Composed of 4 units: Office of Community Development Office of Economic Development Office of Field Services OneGeorgia Authority
Most of DCA’s financial assistance programs are in CDFD
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The OED Finance Team
Field Staff • Project identification,
assessment & development • Monitoring
Credit Staff
• Credit analysis, underwriting
• Financing options
Program Managers
• Review overall project
• Ensure program objectives can be met
• Craft award documents
• Project oversight
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Forms of CDFD Resource Delivery
Annual CDBG Competition &
ITD
• Merit-Based• Transparent
• Local Governments
Threshold Based
“Competition”
• Employment Incentive Program
• OneGeorgia Equity
• DD RLF, Redevelopment,
etc, etc.• Local
Governments Authorities,
Non-Profits, For-profits
Prospect Driven Incentive
Grant/Loan
• REBA• OneGeorgia EDGE• Life Sciences Loan• Authorities, For-
Profits, Local Governments
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Brock SmithManager, Office of
Economic Development
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Organizational Processes
Monitor & Audit
Manage Projects
Award / Denial
Final Structure of Assistance
Review & Underwrite Application
Application Development & Submission
Initial Project Assessments (DCA) and Pre-Apps (OGA)
Market Successful Concepts
Local Community & Economic
Development Needs
Potential Project
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What exactly is this IPA or Pre-app?
Initial Project Assessment (DCA)
Pre-Application (OneGeorgia)
• The Who, What, Why, When and Where of a Project• Determines and Preserves Eligibility of activities and costs• Enables Pre-Agreement Cost Approval (PACA) which is especially important for federal funds• Ensures all available funding sources are considered• Provides an idea how competitive your project might be
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Process - What happens after I submit an IPA or Pre-App?
Completeness Letter
Application Development and
submission
PACAProvides guidance
for application development
Initial Project Assessment (DCA)/
Pre-Application (OGA)
• Completeness letters help identify shortcomings in the application
• Applications often miss something
• Since most DCA ED and OGA funding is “threshold-based”, allows for Technical
Assistance to get applications to funding range.
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In other words, this is how it works:
Community contacts DCA Field Representative about a potential project. In some cases, various funding sources may be considered for funding on a large-scale project.
Ideally, DCA conducts an Initial Project Assessment or Pre-Application visit to assist a potential applicant in understanding process & programs.
DCA reviews IPA Pre-App and recommends eligible financing strategy in written response.
Community prepares and submits application for DCA and/or OGA review. If the application is incomplete, the applicant is notified in writing of items needed to allow for a competitive application.
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How it works, continued:
Application reviewed based on rating and selection criteria.
Award or denial of application.
Grant/loan management processes start – technical assistance provided through site visits.
Monitors project at intervals to ensure compliance with Award.
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Partnerships and Collaboration
Win - Win for everyone.
Everyone has expertise to bring to the table.
Also gets buy-in from various groups.
Not all partnerships are financial, but draw on expertise in areas such as scientific vetting from scholars in the University System or Georgia Technology Authority.
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ANNUAL COMPETITION
and/or
EIP GRANT
PUBLIC INFRASTRUCTURE
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Gabe MorrisOffice of
Economic Development
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Overview
Community Development Block Grant (CDBG) enacted by Congress as Title I of Housing and Community Development Act of 1974.
The primary objective of CDBG is “the development of viable communities through improvement of living conditions, housing and the expansion of economic opportunities in cities and counties, principally for persons of low and moderate income.”
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Overview (Cont.)
Local governments can implement a broad range of activities as long as they further the National Objectives of the Act
National Objectives are:▪ Majority benefit to low- and moderate-
income persons through services and job creation;
▪ Prevention or elimination of slum and blight;▪ Immediate Threat & Danger.
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Four Routes to ED with CDBG
1. Annual Competition CDBG-ED application
2. Employment Incentive Program
3. Redevelopment Fund Program
4. Local Revolving Loan Fund (generated by CDBG-ED, EIP or RDF loans)
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Differences of Economic Development Programs
Annual Competition (CDBG-ED)
One annual submission
Compete against rating and review process and other applications
Complete Application without exceptions
Processing time – 5 months
Set-Asides (EIP/RDF)
Anytime submission
Compete against rating and review process
Complete application with second change
Processing time – 45 days once complete application
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Available Funding
Annual Competition
$36.2 million CDBG allocation
EIP $8 million set-aside
RDF $1.5 million set-aside
Immediate Threat
$500,000 set-aside
CDBG Funds from U.S. Housing and Urban
Development (HUD)
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Features of Economic Development Programs
Maximum Grant $500,000
Primary Purpose Expand employment opportunities for L/M income people
Low/Moderate Income Benefit
At least 51% of jobs created and/or retained
Eligible Uses Public facilities, infrastructure, business loans, elimination of Slum and Blight
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Economic Development Grants
Rating and Selection Criteria:
Demographics
Feasibility
Impact
Strategy
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Ineligible CDBG-ED/EIP/RDF Activities
Working Capital Refinancing Speculative Projects Capacity Building General Conduct of Government Project Not Meeting Federal Guidelines Using Federal Funds to relocate businesses (Piracy -
There are Restrictions)
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CDBG ED Grants - Eligible Activities
Public Infrastructure
Acquisition, construction and rehabilitation of:
- Water: lines, tanks, wells, treatment plants;
- Sewer: gravity lines, force mains, pump stations, treatment plants, land application “spray fields;”
- Roads: access, turn lanes, accel/decel lanes, paving;
- Stormwater drainage: ditches, pipes, culverts, ponds;
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CDBG ED Grants - Eligible Activities (continued)
- Rail spurs: switches (excluding mainline switch), track, track base, derails, stops; and
- Other: wastewater pretreatment plant.
Public Facilities- Workforce development centers.
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EIP Infrastructure Grants
Infrastructure Fund Capacity Analysis (IFCA) Examine financial capacity of local government Calculate operating and coverage ratios
Revolving Loan Fund Capacity
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CDBG ED Grants
Areas of Concern:
EIP Application Supplements
Preliminary Engineering Report or Preliminary Architectural Report;
Project Cost Estimate; Source-and-Use Statement; Commitment Letter(s) – all public and private sources of
project funding; Letter of Credit or Surety Bond; and Economic Development and EIP Supplemental Information
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CDBG ED Grants
Areas of Concern: DCA-2: Proposed Accomplishments (Funds Leveraged)
DCA-4: Description of Needs to be Addressed:
Needs for improvement of existing conditions
DCA-5: Description of Activities:
Specific project activities with codes and timetable to
meet program relative needs addressed in DCA-4
DCA-8: Budget Analysis:
CDBG funded construction, engineer and grant
administration by ED activity codes and other public /
private funding
Economic Development & Construction Agreement (ED&C)
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Walton County – General Mill’s Southeast Distribution Facility
Recipient – Walton CountySub-Recipient – General Mill’s southeast distribution facility
Grant Amount - $500,000Project – public rail spurPrivate Investment - $42 Million
Jobs – Create 112, 100% L/M
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Source and Use – Walton County
Source Amount Use Amount
EIP $ 500,000 Rail spur construction $ 500,000
OGA EDGE $ 500,000 M&E $ 500,000
GDOT $ 315,000 Roadway construction $ 315,000
EDA $ 1,619,000 Water & sewer construction $ 1,619,000
County $ 556,000 Rail construct, Eng, Admin $ 556,000
County $ 410,772 Road construct, Eng, Acq $ 410,772
DAWC $ 28,500 Legal, grant writing, admin $ 28,500
City $ 779,404 W&S, eng, apps prep $ 779,404
Gen Mills $42,009,470 Land, building, M&E, F&F $ 42,009,470
Total $ 46,718,096 Total $ 46,718,096
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Special Conditions – Inherent to Rail Spur Projects
Special Condition #1: Bid documents, Bid specifications, signed contract and Bid Bonds.
Documentation certifying Rail Company has approved the final plans for the design for the rail spur.
“Intergovernmental Agreement” between local government and Development Authority.
“Siding” / “Side Track Agreement” – Title varies according to Railroad Company.
“Industrial Track Agreement” - Title varies according to Railroad Company.
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Walton County Success! - General Mills’ Southeast Distribution Facility EIP Rail Spur
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STACI TILLMANOffice of
Economic Development
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EIP GRANT – LOAN TO
PRIVATE FOR-PROFIT
BUSINESS
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EIP Loans – Eligible Activities
Fixed-Assets The Direct Loan EIP program is designed to assist small to medium-sized businesses by lending against fixed-assets.
Eligible Activities include: Acquisition of machinery and equipment, including delivery and installation,
limited to items directly related to the operation of the business. Acquisition of commercial or industrial land. Improvements to real property including construction, rehabilitation, or
installation of commercial or industrial buildings or structures. Loan proceeds may not be used for: refinancing existing debts; working capital;
real estate speculation; capacity building; general conduct of business; business relocations; or distribution or payment to the owners, partners, shareholders, or beneficiaries of the applicant or members of their families.
Projects that do not need funding will not receive EIP Direct Loan consideration. EIP Loan repayments must establish or capitalize a local Revolving Loan Fund
(RLF) to be used in other eligible projects.
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Loan Structure & Disbursement
Loan StructureDCA Grant to a Local Government
Local Government then provides: Direct loan to a private business
or, A loan to a development authority who then makes a direct loan to
a private business
Loan DisbursementAll funds for the project will be governed by a
disbursement agreement included in the EIP loan agreement among all participating lenders and the Borrower.
The Borrower’s other public and/or private financing will be disbursed on a pro-rata basis with the EIP loan proceeds.
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City of Homerville – Okefenokee Berry Center
•Recipient – City of Homerville
•Sub-Recipient – Okefenokee Berry Center
•Grant Amount - $500,000
•Project – 3.5 acres of land and 36,000 sq. ft. building acquisition
•Private Investment - $712,717
•Jobs – create 149, 100% L/M
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Source and Use – City of Homerville
December 11-12, 2013
Source Amount Use Amount
EIP $ 500,000 Land/Building Acquisition $ 470,000
Grant Administration $ 30,000
F and M Bank $ 2,210,574 Land/Building Acquisition $1,210,574
Working Capital $1,000,000
Owner’s Equity $ 430,147 Building Acquisition $ 211,175
Equipment $ 197,972
Grant Administration $ 21,000
OneGeorgia Equity $ 350,000 Equipment $ 350,000
Clinch County RLF $ 110,000 Grant Consulting $ 110,000
City of Homerville RLF
$ 220,000 City Audit $ 220,000
Total $3,820,721 Total $3,820,721
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City of Homerville Success – Okefenokee Berry Center
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REDEVELOPMENT FUND
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REDEVELOPMENT FUND
CategoriesEligible activities must meet one of the following criteria: Prevent or eliminate slums and blight on an “area
basis”; Prevent or eliminate slums and blight on an “spot
basis”; or Be in an urban renewal area.
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REDEVELOPMENT FUND
Eligible Activities: Projects must alleviate a “slum or blighted” condition
Public infrastructure, public facilities Loans to acquire and alleviate blighted buildings/facilities
Loan/lease payments may be capitalized into a local RLF
Any new jobs must be available to low- and moderate-income persons
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Samples of RDF Eligible Activities
Acquisition and clearance of blighted property;
Renovation and reuse of abandoned historical buildings;
Commercial revitalization through façade improvements;
Removal of environmental contaminants on property to enable it to be redeveloped for a specific use.
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John VanBruntField Representative
Office ofEconomic Development
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City of Braselton
Recipient : City of Braselton Grant Amount : $500,000
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City of Braselton
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City of Braselton
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City of Braselton[Before]
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City of Braselton: Source and Use
Source Amount Use Amount
RDF $500,000 Renovations $425,000
Architectural Services $ 50,000
Grant admin. $25,000
City of Braselton $985,000 Building (donated) $835,000
Renovations $137,000
Architectural Services $13,000
Companies $322,000 Value of business (existing) $322,000
TOTAL $1,807,000 TOTAL $1,807,000
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City of Braselton: Progress
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City of Braselton
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Triumph
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Funding Opportunities for Downtown Projects
Downtown Development
Revolving Loan Fund
Georgia Cities Foundation
CDBG Redevelopment Fund
Eligible Applicants
• Cities < 100,000 population
• Counties < 100,000 population
• CitiesNo population limit
• Cities• Counties
• Cities• Counties
Program Focus Assist communities with revitalizing downtowns by providing funding for quality
downtown projects
Projects that primarily benefit low/moderate
income persons
‘Elimination of slum and blight’
Funding Limit $250,000/project $250,000/project $500,000/project $500,000/project
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LOCAL REVOLVING LOAN FUND (RLF)
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Local Revolving Loan Funds
EIP/RDF loan repayments capitalize local RLF loan. The repayments (including interest), and bank account interest retain federal identity. This is considered program income.
RLFs may be used for local CDBG eligible economic development needs.
Opportunities available to partner with local banks to finance eligible activities (same as EIP) that create employment for L/M persons.
50/40/10 Rule: Project funded with 50% RLF, 40% local bank, and 10% private funding.
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Local Revolving Loan Funds
An estimated 70 active RLF’s throughout Georgia, with: $32 million in RLF assets $13 million in cash $19 million in loan receivables
$5+ million cash returned to DCA over past 6+ years for non-compliance.
Encourage Local RLF’s to use RLF funds as a funding gap for large projects – may request DCA waiver, if necessary.
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Rusty HaygoodDirector, Office of
Field Services
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ED Representative Contacts:
Rusty Haygood – Field Services Office Manager & Northeast Georgia
(404) 977-1429 [email protected]
Jennifer Fordham – Southeast Georgia(912) 865-4212 [email protected]
Kelly Lane – South Georgia (229) 896-4259 [email protected]
Tonya Mole – Southwest Georgia(404) 852-6876 [email protected]
Patrick Vickers – Northwest Georgia(404) 679-3151 [email protected]
John VanBrunt – ????(706) 825-1356 [email protected]
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Program Manager Contacts:
Brock Smith – Manager, Office of Economic Development
(404) 679-1744 [email protected]
Staci Tillman – EIP Loan and RDF(404) 679-0668 [email protected]
Gabe Morris – EIP Infrastructure(404) 679-3174 [email protected]
Rusty Haygood – Director, Office of Field Services(404) 977-1429 [email protected]