TRAYLOR & Associates has worked actively in the State of Texas HOME Program since its inception in 1992. The firm has extensive experience as a provider of housing-related administrative and project/construction management services for its public entity clients throughout the State of Texas. TRAYLOR & Associates has administered over $60 million in housing rehabilitation programs and provided project management service on projects involving more than 3,900 individual housing units. In addition to HOME projects, Since 1974, firm has been engaged full-time in the field of housing rehabilitation through the management of HUD Community Development Block Grants, and TCDP Housing Rehabilitation Fund projects, ranging from comprehensive neighborhood revitalization, housing rehabilitation, and slum prevention projects.
Under HUD guidelines, HOME funds are reserved for people at or below 80 percent (80%) of Average Median Family Income (“AMFI”) for an area. TDHCA awards contracts through a competitive application process for specific amounts to various municipalities, non-profit agencies, for profit and public housing agencies around the state to administer program activities for HOME eligible recipients.
HOME regulations allow for a variety of housing activities, all aimed at providing safe, decent affordable housing to low income families. TDHCA has allocated funds to grantees in four basic housing activities:
Homebuyer Assistance Program;
The Homebuyer Assistance (HBA) program funds Units of General Local Governments, Public Housing Authorities, and nonprofits wishing to provide: (1) Down payment and closing cost assistance for homebuyers; and (2) Rehabilitation for accessibility modifications of single family housing units as needed.
HOME Multifamily (Rental Housing) Development Program;
HOME provides funding to Units of General Local Governments, Public Housing Authorities, nonprofits, and for profit entities for the new construction or rehabilitation of affordable multifamily rental developments.
Homeowner Rehabilitation Assistance;
The Homeowner Rehabilitation Assistance (HRA) program funds Units of General Local Governments, Public Housing Authorities, and nonprofits wishing to provide the following services under the Homeowner Rehabilitation Assistance initiative: (1) Rehabilitation or reconstruction of owner-occupied housing on the same site, (2) New Construction of site-built housing on the same site to replace an existing owner-occupied Manufactured Housing Unit (MHU), (3) Replacement and relocation of existing housing located in a floodplain to a new MHU or New Construction of housing on an alternative site, (4) New Construction or a new MHU to replace a housing unit that has become uninhabitable as a result of disaster or condemnation by local government, and (5) If allowable under the Notice of Funding Availability (NOFA), refinance of existing mortgages meeting federal requirements.
Tenant-Based Rental Assistance Program;
The Tenant-Based Rental Assistance (TBRA) program funds Units of General Local Governments, Public Housing Authorities, and nonprofits wishing to provide the following services to individuals in their local communities: (1) Security and Utility Deposits; and (2) Rental Subsidies for up to 24 months while the household engages in a self-sufficiency program. If available, additional funds may be set-aside to provide assistance beyond 24 months for individuals meeting additional program requirements.
Contract for Deed Conversions;
The Contract for Deed Conversion (CFDC) initiative funds Units of General Local Governments, Public Housing Authorities, and nonprofits wishing to assist colonia residents with converting contracts for deed into warranty deeds to attain ownership and property rights. Contract for Deed Conversions may occur with one of the following additional activities: (1) Reconstruction or New Construction of site-built housing; (2) Replacement of an existing Manufactured Housing Unit (MHU) with a new MHU; and (3) Rehabilitation of colonia housing.
Single Family Development;
HOME provides funding to nonprofits certified as a Community Housing Development Organizations (CHDOs) for the new construction or rehabilitation of affordable single family homes.
The state is required to match twenty-five percent (25%) of the HOME allocation from HUD. This match can be in the form of cash dollars, “in-kind” contributions and other means. However, since the State may generate matching funds through the mortgage revenue bond program, the HOME Program does not require applicants to contribute match in order to receive a grant or loan. Applicants currently receive extra points on their applications for providing match.