Full Text
Centre County Affordable Housing Needs Assessment: A Blueprint for Action -D-1- Appendix D Current Housing Programs Centre County Homeownership Programs 1. Program name: Centre County First Time Homebuyer Program Target Population: 1-person household: $40,875 2-person household: $46,750 3-person household: $52,562 4-person household: $58,375 5-person household: $63,062 Sponsor: PHA administers program for the County Funding Source: Act 137 Annual Budget: $150,000 average Use of Funds: $10,000 or 10% downpayment assistance Other Information: Minimum owner’s downpayment 2-3% Available Countywide 2. Program name: State College Borough First Time Homebuyer Program – Low Income Target Population: 60% - 80% of Median Income Sponsor: State College Planning Office Funding Source: State College HOME, and loan repayments Annual Budget: $110,120 (FY03) and $72,000 (FY04) Use of Funds: Downpayment, Closing Costs, and mortgage subsidy Other Information: THF does pre-purchase counseling Available in State College Borough Only 3. Program name: State College Borough First Time Homebuyer Program – Middle Income Target Population: 81% - 115% of Median Income Sponsor: State College Planning Office Funding Source: State College Borough General Fund and loan repayments Annual Budget: $36,200 (FY04) and $90,000 (FY05) Use of Funds: Downpayment, Closing Costs, and mortgage subsidy Other Information: Available in State College Borough Only 4. Program name: State College Community Land Trust Homebuyer Program Target Population: First Time Homebuyers – Target 60% - 80% of median Sponsor: State College Community Land Trust Funding Source: State College HOME, proceeds from sale, developers fee, land lease fee (admin) ---PAGE BREAK--- Centre County Affordable Housing Needs Assessment: A Blueprint for Action -D-2- Annual Budget: $236,205 (FY04 HOME), $252,370 (FY05 HOME) Use of Funds: Housing acquisition, rehab, and resale Other Information State College Community Land Trust is a Community Housing Development Organization (CHDO) 4 houses/year Closing cost assistance provided through State College Borough First Time Homebuyer Program: $0 closing and downpayment $15/month land lease fee THF does pre-purchase counseling Available in State College Borough Only 5. Program name: Temporary Housing Foundation First Time Homebuyer Program Target Population: 60% to 80% of median income Sponsor: Temporary Housing Foundation, Inc. Funding Source: State College HOME, proceeds from sale and developers fees Annual Budget: $174,205 (FY04), $195,000 (FY05) Use of Funds: Purchase, rehab and resale Other Information: Temporary Housing Foundation is a CHDO THF contracts with SEDA-COG for rehab management THF does pre-purchase counseling Available in State College Borough Only 6. Program name: Habitat for Humanity Target Population: 30% - 50% of Median Sponsor: Tri-County Habitat for Humanity Funding Source: Volunteer Labor International applied to HUD for Self-Help Housing (3 units) and Capacity Building grant – to pay for Exec Dir and Fund Raiser Use of Funds: Housing construction and rehab Other Information: Available Countywide but to date has focused in Phillipsburg, looking at sites in Millheim Borough and Penn Township 7. Program name: Rural Housing Direct Loans (Section 502) Target Population: Very low (<50% of median) and low income (50% to 80% of median) Sponsor USDA Rural Development Funding Source USDA Rural Development Use of Funds: 100% financing to build, renovate or relocate, purchase and preparing sites ---PAGE BREAK--- Centre County Affordable Housing Needs Assessment: A Blueprint for Action -D-3- Other Information Available throughout County except for State College Borough Loan limit is $160,000 Maximum Term: 33 years Interest rate is 6% but can be subsidized down to as low as 1% based on income 8. Program name: Homebuyer Equity Fund Target Population: < 80% of median Sponsor: Lenders that are members of the Federal Home Loan Bank can utilize the program Funding Source: Federal Home Loan Bank Use of Funds: Downpayment and closing cost assistance to match savings by buyer up to $3,000 Other Information: Northwest Savings using the program Available Countywide Owner Occupied Rehab 1. Program name: State College Borough Owner Occupied Rehab Program Target Population: Under 80% of median Sponsor State College Borough Funding Source State College HOME and CDBG Annual Budget: $5,700 (FY04 HOME) and $127,200 (FY04 CDBG) Use of Funds: Rehab Other Information SEDA-COG – does work write-ups and construction management Available in State College Borough 2. Program name: Owner-Occupied Rehab Target Population: < 110% of median Sponsor: Centre County (administered by the Centre County Housing Authority) Funding Source: DCED Brownfields and Act 137 Annual Budget: $126,000 for 2003 ($102,000 Brownfields, $124,000 Act 137) Use of Funds: Rehab Other Information: Funding is for up to $15,000 per unit. Funds were awarded in 2002 and 2003. The 2002 funds have been expended. There are currently 9 applicants on file for the 2003 funds. ---PAGE BREAK--- Centre County Affordable Housing Needs Assessment: A Blueprint for Action -D-4- 3. Program name: Owner-Occupied Rehab Target Population: To be determine Sponsor: Moshannon Valley Economic Development Partnership Funding Source: DCED HOME Annual Budget: To be determined Use of Funds: Rehab Other Information: Since 1996, $9 million in rehab at $15,000 per home in Rush Township, Phillipsburg and South Phillipsburg Rental Housing Rehab: None Currently Home Modifications: 1. Program name: Access Grant Program Target Population: Low income homeowners with physical disabilities Sponsor: Central Community Action, Inc. Funding Source: DCED Annual Budget: Proposals submitted to DCED as needed Use of Funds: Accessibility modifications Other Information: To date 48 households have received home modifications. There are currently 39 households on the waiting list. Rental Housing Development/Production: None Currently Rental Subsidies: 1. Program name: Housing Choice Vouchers (624) Target Population: Low and very low income households Sponsor: Centre County Housing Authority Funding Source: HUD Use of Funds: Tenant Based Rental Subsidies Other Information: Vouchers may be used Countywide – Most frequently used in: State College, Bellefonte, Phillipsburg Preference for 5 homeless and 5 Victims of Domestic Violence 36 – Family Self-Sufficiency – work with Housing Transitions 25 – Family Unification – work with Children and Youth 380 Waiting List – Reopened March 7, 2005 and closed again on March 17, 2005 ---PAGE BREAK--- Centre County Affordable Housing Needs Assessment: A Blueprint for Action -D-5- Permanent Supportive Housing for the Homeless 1. Program name: Shelter Plus Care (8 slots but serve 13) Target Population: Homeless with mental illness or with co-occurring substance addiction Sponsor Centre County Housing Authority is grantee Centre County MH/MR is the sponsor/service provider Funding Source HUD McKinney (annual renewals) Annual Budget $55,200/yr Use of Funds: Tenant based rental subsidies Other Information Funding renewed annually through Continuum of Care process Available Countywide