Olene Walker Housing Loan Fund

1
Olene Walker Housing Loan Fund

• Single Family Program Update
• September 20, 2006
• Housing Coalition Conference

2
Presentation Overview

• In the box projects
• Out of the box projects
• Overview of 2006 performance
• Brief slide presentation

3
In the box projects

• Single Family Rehabilitation and Reconstruction
  Program
• HOMECHOICE
• Self Help
• American Dream Down Payment Initiative (ADDI)

4
Out of the box projects

• Require application process to Division of
  Housing and Community Development
• Review by Olene Walker Housing Loan Board (board
  meetings January 25th, April 26th, July 26th,
  and October 25th.
• Gap financing with other funding sources
• Must serve lt80 AMI

5
Overview of 2006 performance

• 4.0 million partnership with USDA
• 39.1 AMI served
• Loan fund grows to 72.4 million
• 96.5 funds issued as loans
• Self help total to date 385 units with 214 in
  progress
• 67 ADDI loans issued (households lt27,000)
• 10 HOMECHOICE loans
• SFRRP 135 apps with 30 in progress
• Navajo Workcamps completes 48 renovations with
  297 volunteers