cmha and the nelrod company
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CMHA and The Nelrod Company. Community Focus Group Meeting - An Intro to HCV Rent Reasonableness. CMHA’s Mission Statement. - PowerPoint PPT PresentationTRANSCRIPT
CMHA and The Nelrod Company
Community Focus Group Meeting -
An Intro to HCV Rent Reasonableness
CMHA’s Mission Statement
To provide quality affordable housing solutions by building partnerships with Hamilton County communities while strengthening and expanding housing opportunities for families to achieve self-sufficiency.
Assisted Housing in the U.S.
U.S. Ohio Hamilton County
Public Housing 1.2 Million 50,000 5,700
Housing Choice Vouchers
2 Million 70,000 10,698
Site-Based Section 8
1.4 million 80,000 9,100
Source:
Types of Government Housing Programs
HCV Project Based
Assistance
Public Housing
LIHTC
Type of Assistance
Tenant Based
Project/ Site Based
Project/ Site Based
Site/ Project Based
Property Owner Private Owner
Private Owner CMHA or Other PHA
Private Owner
Portability Anywhere in US
Stays w/Unit Stays w/Unit Stays w/Unit
Lease Enforcement
Owner Owner Owner – CMHA
Owner
HUD Review SEMAP HUD Management & Occupancy Review
PHAS State Agency
How does Assisted Housing Benefit the Community?
Provides workforce supply and allows businesses to access employees who live close to their jobs
Generates property taxes – HCV and PBS8 Generates maintenance and management fees
spent in the neighborhoods Expands low-income housing opportunities Increases diversity throughout the county Bolsters rental occupancy rates in a soft market
Where can a HCV Tenant Live in Hamilton County?
Federal law permits a CMHA Housing Choice Voucher tenant to live in almost any rental property in Hamilton County that meets HUD guidelines when the owner is willing to accept a Voucher.
There are no special qualifications, but the property owner must be willing to comply with rent restrictions and housing quality standards.
CMHA HCV owners are required to abide by all Federal, state and local laws.
CMHA HCV owners are required to continuously maintain rental units in compliance with federal Housing Quality Standards (HQS), local housing codes and CMHA guidelines.
CMHA HCV owners are required to screen and approve each renter, collect a security deposit from the renter, execute an acceptable lease with renter, execute a Housing Assistance Payment (HAP) Contract with CMHA and proactively enforce the lease.
CMHA is…
Seeking community input on Rent Reasonableness
What is Rent Reasonableness?
Rent Reasonableness (RR) is the HUD mandated process that PHAs use to ensure that approved HCV program rents are “reasonable”.
“Reasonable” is defined as what a knowledgeable consumer would pay for rent in a particular rental market.
Goals of Rent Reasonableness
To ensure that program participants pay rents that are comparable with the market
To ensure that program rents do not adversely affect the jurisdictional rental market
To ensure effective disbursement of agency HAP dollars
When is a RR Assessment Required?
Before execution of a HAP Contract Before granting a requested increase in
rent to owner If there is a 5% FMR decrease Whenever HUD requires
Rent Comparability
The RR assessment establishes that the proposed Owner Rent is: Comparable to similar unassisted units in the
marketplace, and Comparable to similar units on the premises
CMHA’s Rent Reasonableness Task Force
CMHA used a competitive bidding process to select a RR vendor.
The Nelrod Company was awarded the opportunity to perform all data collection and analysis for CMHA’s 2010 Rent Reasonableness study.
The Nelrod Company is responsible for collecting additional specialized data from local community agencies and government groups.
The community information will help to guide data collection efforts and final analysis.