New York Main Street Program

1
New York Main Street Program
Program Application Overview
2

• Private Housing Finance Law (Articles 16A
  17B)
• Provides financial and technical resources to
  help New York communities preserve and revitalize
  traditional main streets, downtowns and
  neighborhoods.
• Administers funds from the NYS HTFC to stimulate
  reinvestment in historic downtowns, mixed-use
  neighborhood commercial districts, village and
  town centers located in urban, suburban and rural
  New York
• by preserving existing housing units,
  generating new housing units, upgrading
  commercial and retail areas, and by creating
  innovative approaches to neighborhood and
  community revitalization which improve cultural
  and community facilities and spirit.
• - Private Housing
  Finance Law

3
Statutory Requirements

• Local Program Administrator Funding
• Local not-for-profit administers program on
  behalf of HTFC
• Maximum Award Per Program
• LPA contracts limited to 200,000
• NYMS funds cannot be used for administration
• Regulatory Term of NYMS Contract
• Program to be completed within two years
• Assets to be maintained for seven years

4
Regulatory Requirements

• Matching Requirements
• Target Area
• Activity selection
• Rating Material

Program Guidelines

• NYMS Website
• - Frequently Asked Questions
• - Disbursement Reporting Requirements
• NOFA RFP
• Grant Agreement

5

• Program versus Project
• Program - the plan for the renovation of Main
  Street that establishes a definite target area
  and outlines goals for NYMS activities, without
  necessarily identifying which properties will be
  assisted with NYMS funds
• Project individual buildings, or streetscape
  sites, that will be improved using New York Main
  Street funds. Project may be identified after
  award but prior to the start of rehabilitation.

6
The Local Program Administrator Approach

• Responsibility of the LPA
• Compliance with HTFC Rules Regulations
• Receives and Disburses Funds
• Ensures Quality of Work
• Enforce Agreement with Property Owner
• Providing Adequate Insurance Coverage
• Property Owner Obligations
• Compliance with LPA Program Guidelines
• Provides Matching Funds
• Maintaining Property for 7 Years
• Allows Access to Property

7

• Eligible Activities
• Facade Renovation
• 50/50 cash match up to 10,000 per building
• Building Renovation
• 50/50 cash match up to 50,000 per building
• Downtown Anchor
• Match up to 100,000, but less than 25 of cost
• Business or cultural anchors
• Streetscape Enhancement
• Ancillary to one of the above activities
• Maximum award of 25,000
• No Match Required

8
NYMS 2004 42 Million awarded to date 143
applications (52 counties) 60 awarded (46
counties) NYMS 2005 100 applications (47
counties) 56 awarded (40 counties) NYMS 2006 54
applications (37 counties) 36 awarded (28
counties) NYMS 2007 64 applications (36
counties) 26 awarded (21 counties) NYMS 2008 72
applications (42 counties) 45 awarded (33
counties)
9
(No Transcript)
10
Application Process NYMS will not be part of
DHCRs Unified Funding Round However, submission
via Community Development On-Line System (CDOL)
is required NOFA and Application deadline
expected in January 2009 Timing Deadlines will
mirror NYS CDBG timeline

• Application Material
• NOFA and RFP will communicate priorities
• Application Instructions available online
• Program Manual

11
Program Selection Criteria

• Each Main Street application that is determined
  to be complete and
• eligible will be scored on a one hundred point
  scale, based on
• Need (up to 25 points)
• Commercial (10)
• Residential (15)
• Impact (up to 40 points)
• Commercial facades (3)
• Investment Impact (2)
• Residential Impact (4)
• Residential Market (6)
• Upper Story Housing (5)

12
Program Selection Criteria

• B) Impact (continued)
• Local initiative (5)
• Communication and Outreach (5)
• Design (5)
• Business Strategy (5)
• C) Leveraging (up to 10 points)
• D) Capacity (up to 25 points)
• Applicant Experience (10)
• Implementation (10)
• Readiness (5)

13

• Congratulations!
• Highest scoring applications awarded funding
• No Geographic Distribution
• Office of Community Renewal mails contract
  package
• The fun begins.
• __________________________________________________
  ____________________

Sorry to inform you. Unfunded applicants
have opportunity to schedule an exit conference
to discuss strengths and weaknesses of application
14
Program Considerations.

• Program Requirements
• Lead Based Paint
• Environmental Review
• State Historic Preservation Office Review
• Affordability Requirements

15

• NYMS Fall 2008 Funding Round
• 6,400,000
• Municipal applicants
• Administration funds (7.5)
• Project funding cap - 500,000
• RFP On DHCR website
• Applications due November 12

16
NYMS Fall 2008 Funding Round

• Building Renovation Grants to building owners
  for renovation of first floor commercial or civic
  space up to 30,000 per building, plus up to an
  additional 30,000 for each renovated residential
  unit, not to exceed 75 of the total project cost
  or 120,000 per building, whichever is less.
• Downtown Anchors Grants to building owners of up
  to 500,000 per building, but not exceeding 33
  of project cost, to help establish or expand
  cultural, civic or business anchors that are
  identified in a local plan as key to local
  revitalization efforts.
• Streetscape Enhancement Grants of up to 25,000
  for streetscape enhancement

17

Available Resources

• New York Main Street Website
• - www.nymainstreet.org
• New York Main Street Mailbox
• - MainStreet_at_nysdhcr.gov
• Training, Workshops, and Conferences
• Technical Assistance Program