As of April 15, 2017, HUD is seeking to require owners of HUD projects to provide the following utility consumption metrics for each property: Site and Source Energy Use Intensities (EUI), Site Water Use Intensity (WUI), and the ENERGY STAR Score for Energy, and – when available from EPA – the Energy Star Score for Water.
Covered property types include:
• Section 202 Project Rental Assistance Contracts (PRAC)
• Section 811 PRAC and Project Rental Assistance (PRA) contracts
• Section 202/162 Project Assistance Contracts (PAC)
• Section 202 Senior Preservation Rental Assistance Contracts (SPRAC)
• Section 8 Housing Assistance Payment (HAP) contracts
• Multifamily Housing properties insured under Sections 223(a), 223(f), 221(d), 220, 231, 236, and 241(a)
The Portfolio Manager software – which must be used to meet HUD benchmarking requirements – calculates and reports these metrics in a standardized report format. This report may also include property identifiers (such as address and HUD contract number), building characteristics and other summary-level data underlying the benchmarking score calculations.
The ENERGY STAR Score for Water is currently pending release by EPA, so it will not be required until it is available. HUD will provide at least 90 days advance notice before a requirement to submit water efficiency data goes into effect.
Source: Florida Green Building
Full Source Document
First Housing Development Corporation of Florida announces the opening of Hilltop Landings in Dade City, Florida.
On May 12th, a warm sunny day in Central Florida, officials from the Pasco County Housing Authority and the development firm of Gorman & Company “Cut the Ribbon” on a new 69-unit affordable housing project which will replace an aging property that had seen its better days. Built in 1982, the Dade Oaks Apartments, located just 1 mile away, dealt with extensive flooding issues to the point that the existing buildings, club house and infrastructure were significantly damaged, making rehabilitation infeasible.
In 2014, Gorman & Company secured FHA 221(d)(4) financing from First Housing Development Corporation of Florida, Collateralized Bond & HOME program financing from the Florida Housing Finance Corporation, HOME & SHIP program financing from Pasco County and an allocation for Housing Credits, in order to construct Hilltop Landings.
The tenants currently residing at the Dade Oaks Apartments will get first dibs on securing a new place to live at Hilltop. The costs to relocate the residents to their new homes is covered by the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970.
Hilltop Landings is a tenant based rent and income restricted community located on 13.28 acres. It contains 35 paired housing buildings with 14 one-bedroom, 23 two-bedroom, 17 three bedroom and 15 four-bedroom units plus a community room. Amenities also include a playground accessible to children with disabilities, Energy Star rated appliances, and resident activities that will be sponsored by the owner and management company. The goal is to foster a sense of community by bringing residents together on a regularly scheduled basis by providing activities such as holiday and special occasion parties, community picnics, newsletters and special functions for children.
1990: The average home mortgage interest rate is 9.75%
Yearly Inflation Rate: 5.4%
Average Cost of a New House: $123,000.00
Average Income per year: $28,960.00
Average Monthly Rent: $465.00
Cost of a Gallon of Gas: $1.76
During the 90’s: “Toy Story” was the first movie to be completely created from computers and “The Simpsons” debuted on TV. Iraq invaded Kuwait, which resulted in “Operation Desert Shield.” The 27th Amendment to the Constitution, limiting when salary increases or decreases can take effect for members of Congress, was passed after originally being introduced for passage in 1789. Both the World Trade Center and the Alfred P. Murrah Federal Buildings were bombed, sadly resulting in the loss of over 150 lives. In sports: Major League Baseball’s World Series was cancelled for only the second time in history, and a 21-year-old Tiger Woods won his first Masters Golf tournament, breaking ground as being both the youngest and the first non-white player to achieve such a goal. Dolly, the sheep, became the first mammal to be cloned, and the first internet web browser went online.
In 1991, First Housing created its Affordable Housing Lending Pool (AHLP) in which many of its stockholders participated (and are still participate today). Proceeds committed to this pool are specifically used to make first mortgage loans for the new construction or rehabilitation of affordable rental housing units in the state of Florida.
In 1999, First Housing became a PAE (Participating Administrative Entity) for the Office of Multifamily Housing Assistance Restructuring (OMHAR), the entity created to facilitate the restructure of debt secured by Section 8 contracts as the contracts expired. The program was known as the Mark to Market program and First Housing played an integral role in the process, handling properties throughout the southeastern United States.
It’s time for another addition of “Remember When?”
Remember When – the 80’s
The average home mortgage interest rate is 14.4%
Average Cost of new house $62,200.00
Average Income per year $19,500.00
Average Monthly Rent $300.00
Cost of a gallon of Gas $1.19
“Thriller”, “Living on a Prayer” and “Don’t Worry be Happy” were playing on the radios while Sitcoms ruled the television at night.
“E.T. – The Extraterrestrial” was the highest grossing film and had everyone wanting Reese’s Pieces.
The Soviet Union invades Afghanistan & Ronald Reagan is elected president.
The first Space Shuttle is launched.
Sandra Day O’Connor is the 1st female member of the Supreme Court.
IBM introduces the IBM-PC personal computer.
Mt. St. Helens erupts causing nearly $3 billion in losses.
The stock market crash known as “Black Monday” occurred.
The Savings and Loan Bailout was approved by Congress and signed into law and the bill would cost almost $400 billion over the next thirty years.
First Housing Development Corporation of Florida originates the First State Bond Issue, Closes on the First Rural Housing Services Loan, and becomes Ranked First is the U.S. on Bond Issuances for Multifamily Housing.
We thought we would do a little fun post to start off this week, since everyone could use a little more fun in their lives! Stay tuned later this week for another, more serious, post.
Remember When in 1970…?
The average home mortgage interest rate was 8.6%
Yearly Inflation Rate 5.84%
Average Cost of new house $23,450.00
Average Income per year $9,400.00
Average Monthly Rent $140.00
Cost of a gallon of Gas 36 cents