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IHCDA HARDEST HIT FUNDS
CITY OF RICHMOND DEPARTMENT OF METROPOLITAN DEVELOPMENT
SOURCE:IHCDA HHF BEP WEBINAR
The U.S. Department of the Treasury has approved the use
of 75 million dollars of Indiana’s HHF allocation to
restructure the demolition loans from the General Fund.
IHCDA will make loans to qualifying applicants from its
General Fund for the demolition of qualifying properties.
Indiana received $221.7 million dollars in Hardest Hit
Funds
$191.4 million dollars has been allocated for homeowner
assistance.
Over $29 million dollars in direct mortgage payments have
already been paid on behalf of qualifying Hoosier home
owners.
The combined total of acquisition costs, demolition costs,
approved expenses, and property maintenance fees for a
structure with a basement may not exceed $25,000.00.
($15,000.00 WITHOUT BASEMENT)
HAVE NEGATIVE IMPACT ON INDIANA COMMUNITIES
LOWER PROPERTY VALUES;
DRAIN COMMUNITY RESOURCES;
DRAIN LAW ENFORCEMENT AND EMERGENCY RESOURCES
JEOPARDIZE PUBLIC SAFETY.
THE GOAL OF THE BEP IS TO STABILIZE RESIDENTIAL
PROPERTY VALUES AND PREVENT FORECLOSURES IN
INDIANA NEIGHBORHOODS AND COMMUNITIES.
BLIGHTED PROPERTIES:
MUST BE RESIDENTIAL IN NATURE.
MUST HAVE FOUR UNITS OR LESS.
MUST BE VACANT.
MUST SCORE A SUFFICIENT SCORE ON THE SITE EVALUATION MATRIX
MAY NOT BE LISTED ON A LOCAL/STATE/NATIONAL HISTORIC REGISTER
MAY NOT BE A MIXED-USE STRUCTURE
OFFICIAL APPLICATION RELEASED FEBRUARY 7, 2014
DIVISION 4 (Due: July 21, 2014 Awarded: August 28, 2014)
o Division Four consists of Bartholomew, Boone, Dearborn, Floyd, Grant,
Hancock, Howard, Kosciusko, Morgan, Warrick and Wayne Counties.
Division
Allocation
Total
Population
Percentage
of State
Population
Percentage Allocation in Millions
Division One 1,406,854 0.21587707 21.59 16,192,500
Division Two 907,837 0.13930457 13.93 10,447,500
Division Three 1,728,962 0.26530347 26.53 19,897,500
Division Four 759,293 0.11651098 11.65 8,737,500
Division Five 1,215,296 0.18648313 18.65 13,987,500
Division Six 498,680 0.07652079 7.65 5,737,500
COUNTY POPULATION
BARTHOLOMEW 79,129
BOONE 58,944
DEARBORN 50,047
FLOYD 75283
GRANT 69,330
HANCOCK 70,933
HOWARD 82,849
KOSCIUSKO 77,609
MORGAN 69,356
WARRICK 60,463
WAYNE 68,917
An applicant must:
Demonstrate the need to demolish blighted and/or abandoned
residential structures
Be prepared to proceed with the activities outlined in the
application
Propose to stabilize existing neighborhoods through the
demolition of blighted and/or abandoned residential
structures, through a comprehensive approach
Propose projects that promote a recognized and approved end
use of the lots
An applicant must:
Propose demolition strategies involving a licensed contractor,
removal of all waste, disposal of waste in a state licensed landfill and
backfill of all basements and cellars.
Propose demolition strategies involving salvage and deconstruction
of the residential properties prior to demolition when appropriate.
Propose the use of state certified Minority Business Enterprise
(MBE), Women Business Enterprise (WBE), Federal Disadvantaged
Business Enterprise (DBE) Participation, Veteran-Owned Small
Business (VOSB), and/or Service Disabled Veteran Owned Small
Business (SDVOSB) contractors, employees, and products when
applicants are planning and undertaking their demolition activities.
An applicant wishing to receive BEP funding must apply.
The BEP is a COMPETITIVE PROGRAM.
Submission of an application does not guarantee that an
applicant will receive an award.
The highest scoring applications from each Division will
receive awards.
IHCDA reserves the right to partially fund an application.
A Program Partner is required to hold title to all lots prior to
demolition. Private organizations including faith-based
organizations, for-profit entities, not-for-profit entities (“NFPs”),
community development corporations (“CDCs”), home owner
associations (“HOAs”), economic development entities, and land
banks may serve as Program Partners
Applicant must have at least one Program Partner to hold title to
the lots.
The applicant should be satisfied that the Program Partner will
assist in reporting and abide by the terms of the BEP.
A PROGRAM PARTNER MUST HOLD TITLE TO THE LOTS
PRIOR TO DEMOLITION.
A PROGRAM PARTNER SHOULD BE RESPONSIBLE FOR THE
END USE OF A LOT.
A PROGRAM PARTNER MAY HOLD TITLE TO A LOT WHILE
ANOTHER PROGRAM PARTNER FACILITATES THE END USE OF
THE LOT.
Designed to create a standard for the residential structures that
may be demolished
Focuses on determining the habitability and structural integrity of
a property .
Examines the impact of a property on public safety.
A Site Evaluation Matrix must be completed for every property.
A property must score an 82 or higher on the Site Evaluation
Matrix to qualify for demolition.
A property that does not have a sufficient score will not qualify for
demolition.
An applicant may seek an exemption for a property with an
insufficient score if it allows the community to complete an action
or development plan.
SOURCE:IHCDA HHF BEP WEBINAR
TARGETED AREAS “HARDEST HIT” BY BOTH FORECLOSURE,
ABANDONEDMENT AND NEGLECTED PROPERTIES.
MAPPED FORECLOSED PROPERTIES FROM 2008- PRESENT
(SHERRIFF SALES AND TAX SALES)
MAPPED PROPERTIES IN POOR OR VERY POOR CONDITION
(WAYNE TOWNSHIP ASSESSOR)
DEFINED BOUNDARIES BASED ON THIS DATA
o FAIRVIEW
o BAXTER
o ELIZABETH STARR
o STARR PARKSIDE
o OLD RICHMOND
o VAILE
5529 of 16519 parcels in City
(WC GIS)
508 of 771 homes in poor
condition (WC Assessor)
499 of 1060 Forclosures
(WC Sherriff and Auditor)
1090/2000 Properties with NO
Meter (Removed by RP&L)
33%
66%
48%
54%
ENGAGE CIVIC LEADERSHIP
IDENTIFY PROGRAM PARTNERS
IDENTIFY PROPERTIES
ENGAGE WILLING SELLERS
IDENTIFY OUTSIDE INVESTMENT
COMPLETE APPLICATION
If you have a property to donate or sell, know of a blighted
vacant property in your neighborhood for sale, etc., please
contact the Department of Metropolitan Development at:
tfoster@richmondindiana.gov
smitchell@richmondindiana.gov
765-983-7217