GDS-015 Affordable Housing Soft Costs Grant Program Policy (2024)

Saint John, New Brunswick · adopted 2024-04-29

This is the exact embedded text of the captured official document. Snapshot 2bdcd764bbb1 · verified 2026-06-07 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

Title: AffordableHousingSoftCostsGrantProgramPolicy Subject: AffordableHousingSoftCostsGrantProgram Category: GrowthandCommunityServices PolicyNo.: GDS-015 M&CReportNo.: 2024-120 EffectiveDate: 2024-04-29 NextReviewDate: December, 2026 Area(s) thispolicyappliesto: GrowthandCommunity OfficeResponsibleforreviewofthisPolicy: Services CommunityPlanningandHousing, Growthand CommunityServices RelatedInstruments: PolicySponsors: M&C2022-304AffordableHousingActionPlan CommissionerofGrowthandCommunityServices M&CNo2023-002AffordableHousingGrantProgram M&CNo2023-289CityofSaintJohnHousing AcceleratorFund2024-2026ActionPlan DocumentPages: Thisdocumentconsistsof7pages. RevisionHistory: CommonClerk'sAnnotationforOfficialRecord DateofPassageofCurrentFramework: ____April29, 2024____________ IcertifythatthisPolicy (Statement) wasadoptedbyCommonCouncilas indicatedabove. May1, 2024_______ CommonClerk Date Contents 1. PolicyStatement.................................................................................................................................... 3 2. ProgramBackground .............................................................................................................................. 3 3. ProgramEvaluation ................................................................................................................................ 3 4. Definitions ............................................................................................................................................. 3 5. Goals ..................................................................................................................................................... 4 6. SoftCostsGrantOverview ...................................................................................................................... 4 6.1GrantDescription ............................................................................................................................. 4 6.2IntakePeriod ................................................................................................................................... 5 6.3EligibleExpenditures ........................................................................................................................ 5 6.4DisbursementofGrantFunds ........................................................................................................... 5 7. ProjectEligibilityRequirements ............................................................................................................. 5 8. GrantEvaluationCriteria ........................................................................................................................ 6 8.1GrantCommittee ............................................................................................................................. 6 8.2EvaluationCriteria ........................................................................................................................... 6 9. OutcomesReport .................................................................................................................................. 7 AffordableHousingSoftCostsGrantProgramPolicy 1. PolicyStatement 1.1TheAffordableHousingSoftCostsGrantProgram, "SoftCostsProgram," willincentivizethe constructionofdeeplyaffordable housingbyhelpinggrowtheshareofhousingstockinthecity thatisownedandmaintained byregisterednon-profitorganizations. Grantswillbeofferedto assistwithpre-construction projectcostsandwillprovidethenon-profitapplicantswithgreater opportunities totakeadvantageofavailableprovincialandfederalfundingprogramsforhousing. 2. ProgramBackground TheAffordable HousingSoftCostsGrantProgram, "SoftCostsProgram," isintendedtoincreasethe supplyofaffordablehousingunitsbyfundingdevelopersduringthepre-construction stageofaproject. TheCityrecognizesthataffordablehousingdevelopersoftenarerequiredtoincurexpensesduringthe preliminary stageofaprojectaspartofsubmissionofaproposalforprovincialand/orfederalfunding programs. Asoftcostsprogramhasthepotentialtoimpacttheworkoflocaldevelopersseekingto createaffordableunitsatthiscriticalfundingstage. Theprogrammayalsoleverageotherearlyphase development programssuchasRegionalDevelopment Corporation'sPre-construction Fundand CMHC'sSeedFundingProgram. 3. ProgramEvaluation a) TheSoftCostsProgramwillbemonitored andreporteduponannually. AttheendoftheHAF period, programresultswillbepubliclyreported, ascapturedthroughanoutcomesreport requiredfromallfundingrecipients. Thefollowingmetricswillbeusedtoevaluatetheoutcomes oftheprogram: Totalnumberofapplications/organizations supported Totalnumberofaffordablehousingunitsfinanciallysupported, permitted, andunder construction Totalnumberofprojectcostsleveraged, byyear, throughsoftcostssupport 4. Definitions Affordablehousingunit" isdefinedbytheProvinceofNewBrunswick'sSocialDevelopment Department SD) throughitsAffordableHousingRentalProgramand/orCanadaMortgageandHousingCorporation CMHC). CMHCprogramsrangeindepthofaffordability. InthecaseofCMHC'sRapidHousingInitiative, affordablehousingunitmeansaunitthatprovidesaminimumdepthofaffordability wheretenantspay nomorethan30% oftheirbefore-taxincomeonhousingcostsandtheunitremainsaffordablefora 3 minimumof20years. Affordableunitmustmeet, atminimum, thedefinitionofCMHC'sCo-Investment Fund, whereaffordablehousingunitmeansaunitthatmustbelessthan80% oftheMedianMarketRent andbemaintainedforaminimumof20years. CMHC/FederalFundingPrograms" meansthesuiteoffundingofferedbyCanadaMortgageandHousing CorporationwhichincludesbutisnotlimitedtotheNationalHousingCo-InvestmentFundandRapid HousingInitiative. Commissioner ofGrowthandCommunity Services" meanstheCommissioner oftheGrowthand Community ServicesDepartment responsiblefortheoversightofthispolicy, orhis/herdesignate. Non-profitdeveloper" meansacorporation involvedinthecreationofaffordablehousingnopartofthe incomeofwhichispayabletoorotherwiseavailableforthepersonalbenefitofanyproprietor, member, orshareholder thereof. Softcosts" meansprojectcostsincurreddirectlyinconnection withthedesignandplanningofa proposedprojectpriortothecommencement ofconstruction. 5. Goals TheSoftCostsProgramisdesignedtoachievethefollowingoutcomes: Providingpre-construction fundingtonon-profitdeveloperswhoarepreparingafunding submissiontotheprovincial/federalgovernmentforthecreationofaffordablehousingunits; Providingtimelyandrelevantfinancialsupporttodevelopersseekingtoincreasethesupplyof affordablehousing, withanemphasisonnon-profithousingdevelopers; FulfillingtheAffordableHousingActionPlan'sprincipleofpromotingpublicinvestmentfor publicbenefit; Supportinghousingprojectsinprovidinglong-termaffordablehousingoptions; and, Addressingthefollowinggapsinthelocalhousingcontinuum identifiedintheAffordable HousingActionPlan: Supportive/specialneedshousing, housingtothemostvulnerable households, andaffordablerentalhousing. 6. SoftCostsGrantOverview 6.1GrantDescription a) TheSoftCostsProgramprovides15% ofthesoftcostspriortoconstruction uptoamaximumof 25,000tosupportthedevelopment ofeligibleaffordablehousingprojects. b) Whereanapplicanthasbeenunsuccessful inobtainingprovincialorfederalpre-construction fundingandsubjecttowrittenapprovalbytheCommissioner, theSoftCostsProgramprovidesup to70% ofthesoftcostspriortoconstructionuptoamaximumof $10,000tosupportthe development ofeligibleaffordablehousingprojects. 4 6.2IntakePeriod a) GrantapplicationswillbereceivedthroughouttheyearandreviewedbytheGrantCommittee quarterly (March, June, September, December), orthroughaGrantCommitteemeetingscheduled at thediscretionoftheCommissioner ofGrowthandCommunity Services, basedonthevolumeof applications received. b) GrantintakemaypauseorceasetooccuratthediscretionoftheCommissioner ofGrowthand Community Services, basedonavailablefunds. 6.3Eligible Expenditures ThefollowingexpendituresareeligibleundertheSoftCostsProgram: a) Consultantfeesforprofessionalengineering, architectural, oraccountingservicesincludingthe preparationofdrawings, designs, sitesurveys, environmental siteassessments andgeotechnical reports, energyandaccessibility modelingstudiesandprojectviabilitystudies. b) Buildingpermitfeesandotherrelatedpre-construction fees. c) NoothercostswillbeconsideredunlessapprovedexplicitlyinwritingbytheCommissioner of GrowthandCommunityServices d) Expenditures incurredpriortoJanuary2, 2024willnotbeconsideredeligible, unlessotherwise approvedinwritingbytheCommissioner ofGrowthandCommunityServices. 6.4Disbursement ofGrantFunds Grantswillbedisbursedtosuccessfulapplicantsuponthefollowing: a) TheGrantCommitteeissuinganapprovallettertotheapplicantconfirmingtheirdecision; and, b) TheFundingRecipientsigninganAffordableHousingSoftCostsGrantProgramFund - Termsand ConditionsofFundingForm "ScheduleA." 7. ProjectEligibilityRequirements Tobeeligibleforconsideration, grantapplications mustmeetthefollowingrequirements: a) Theapplicantmustsubmitacompleteapplication formthatincludesallrequiredinformation. The GrantCommittee reservestherighttodeterminewhethertheapplicationiscompleteorincomplete. b) Atleast50% oftheproposeddevelopment mustconsistofaffordablehousingunits. c) Theapplicantmustbetheregisteredowner, actingonbehalfoftheregisteredownerwithwritten permission, orprovideproofofanoptionagreementorpurchaseandsaleagreementofthe property. 5 d) Theapplicantmustbearegisterednon-profitorganization, unlessotherwiseapprovedbythe Commissioner ofGrowthandCommunityServices. e) Theprojectmustproposethecreationofaminimumof5netnewaffordablehousingunits. f) Eligibleprojectsmustproposeoneofthefollowing: i. Newconstruction ii. Conversionofanexistingcommercialorinstitutional use iii. Rehabilitation ofaresidentialbuildingthatwillresultinnetnewhousingunits g) Eligibleprojecttypesincludethefollowing: i. Communityandaffordablehousing ii. Mixed-housing (market / affordablerentalunits) iii. Transitionalorsupportivehousing h) TheprojectmustbelocatedwithintheCity'sPrimaryDevelopment Area, asdefinedbythe MunicipalPlanandbeinconformitywiththeMunicipalPlan. i) Theprojectmusthavereceivedorhaveanapplicationinthequeueforallrequiredplanning approvalswithapositivestaffrecommendation. j) TheapplicantortheiraffiliatemustbeingoodstandingwiththeCityintermsofanyotherexisting agreements, noticestocomply, By-lawviolations, propertytaxes, oroverduefeesorcharges. 8. GrantEvaluationCriteria 8.1GrantCommittee a) ApplicationswillbereviewedandawardedbyaGrantCommitteeappointedbytheCommissioner ofGrowthandCommunity Services. b) TheCommitteemayrequestadditionaldocumentation fromtheapplicanttosupporttheir application, includingfinancialstatementsoftheorganization, correspondence fromotherfunding partners, andquotesorinvoices. 8.2Evaluation Criteria ApplicationswillbereviewedandprioritizedbytheGrantCommitteeinaccordance withthefollowing criteria. Applications canscoreuptoamaximumof50points: a) Theapplicantisanon-profitdeveloperwithademonstrated trackrecordinbuildingand managingaffordablehousingwithfinancialstatementsdemonstrating thestabilityofthe organization (10points); b) Theextenttowhichtheprojectwilladdressthefollowingcriticalhousinggapsidentifiedbythe City'sHousingNeedsAssessment: supportive/specialneedshousingandhousingforthemost 6 vulnerablehouseholds (10points); c) Thequalityofsubmissionintermsofprojectreadiness, timelinesforfundingsubmissions, and anticipatedconstruction dates (10points); d) AlignmentoftheprojectwithCityplans, by-lawsandstrategiessuchastheMunicipalPlan, AffordableHousingActionPlan, HAFActionPlan, Zoning (5points) e) Theprojectisundertakenonlandthathasalreadyreceivedappropriate planningapprovals (5 points); f) TheCityisabletoconfirmtheapplicanthasenteredintoanapplicationprocesswithCanada MortgageHousingCorporationorNBHousingtosupportthedevelopment (5points); g) TheCityisabletoconfirmtheapplicanthasenteredintoanapplication processtoseekother pre-construction fundingthroughothersourcessuchastheRegionalDevelopment Corporation andCanadaMortgageHousingCorporation (5points); h) Consideration willalsobegiventoensuringequitabledistribution ofsoftcostsgrantsonan annualbasis. 9. OutcomesReport 9.1Fundingrecipientswillberequiredtosubmitanoutcomesreportoutlininghowthefundswere used. Thesereportswillbemadepubliclyavailable. 9.2TheCityreservestherighttorequestadditionalinformationorexplanation ofsuchreports. 9.3Thefundingrecipientshallbeliabletoreimbursetheentiretyoftheamountpaidunderthe followingconditions: a. Ifthefundingrecipientutilizesthefundingforpurposesotherthanthatwhichiscontemplated intheirapplicationwithoutwrittenconsentoftheCity; and, b. IftheoutcomesreporttoevaluateuseofthefundingisnotdeliveredtotheCitybythedate specifiedintheTermsandConditionsofFundingwithoutwrittenconsentoftheCity. 7