07-11-1984 Council Agenda - Laserfiche WebLink

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-2 median income of the Metropolitan Statistical Area (MSA). Those communities not in an MSA will use either the median income for the county in which the community is located, or a statewide median which excludes MSAs. Communities must also identify the data source used to certify the eligi- bility of the neighborhood. b) The building is in a neighborhood where rents currently are generally affordable to lower income families. ** ** Rents are defined as generally affordable to lower income families if the median rent of the neighborhood is at or below the HUD - established Fair Market Rent for the Section 8 Existing Program. Communities must submit the median rent in the neighborhood and their data source. c) The character of the neighborhood indicates that the rents are not likely • to increase at a rate significantly greater than the rate for rent increases that can reasonably be anticipated to occur in the market area for a five - year period following selection of the neighborhood. This will generally be accomplished by reviewing neighborhood rent trends in the recent past. 3) In addition to certifying to the eligibility of a building, the community will have the opportunity to rate each proposal within their community. The rating will be based on local housing priorities and criteria. These ratings will be considered by MHFA in selecting proposals. PHA Responsibility: Participating PHAs will have the responsibility for administering the Section 8 certificates and vouchers. After buildings are selected, a PHA will enter into an Annual Contributions Contract with HUD. The following identifies specific tasks of the PHA in conjunction with the administration of the Section 8 certificates and /or vouchers. 1) At the point when a building owner submits an application to MHFA, the eligibility of the tenants currently residing in the building must be estimated to determine the eligibility of the building, as well as to assess the degree of relocation that may be necessary. The PHA will pre- screen the existing tenants in the building to determine eligibility for the Section 8 or Voucher Program. 2) The PHA will administer the Section 8 certificates and vouchers that are alloca- ted to a selected Rental Rehabilitation proposal. 3) The PHA will provide relocation counseling for a fee) for tenants who must leave the building. 4) Prior to PHA involvement, the PHA will enter into a Memorandum of Understanding with MHFA outlining the respective roles of each party,- and an Annual Contri- butions. Contract with HUD. Enclosed is a summary of the Program and a general description of the program design for your reference in determining .whether your community will participate. Remember, if you do not respond by returning the enclosed Participation Commitment form, no applications for proposals from your community will be accepted by MHFA.