2014 FISCAL YEAR Dora Thorne, 29 Palms Apartments resident 29 Palms Apartments is a newly refurbished, incredibly unique affordable multifamily housing community for seniors 55 years of age and older with six apartments for adults 18 years and older, with Autism Spectrum Disorder. The Foundation for Senior Living, in partnership with the Southwest Autism Research and Resource Center (SAARC) developed 29 Palms Apartments to provide services to enhance the quality of life of both the seniors and the young adults who desire to live there. Conveniently located close to the 44th and Van Buren Street Metro Light Rail station in Phoenix, the campus is universally designed, exhibiting garden-style architecture. 29 Palms Apartments nurtures independent and dignified living while providing the resources of a community with a community life center and a secured campus. ANNUAL REPORT 7.01.13 6.30.14 CONTENTS FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 FISCAL YEAR 2014 IN SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . 2 RENTAL PROGRAMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-5 HOMEOWNERSHIP PROGRAMS . . . . . . . . . . . . . . . . . . . . . . . . . 6-7 HOMELESS AND SPECIAL NEEDS PROGRAMS . . . . . . . . . . . . . . . . . . 8 OTHER HOUSING ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 COMMUNITY DEVELOPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 COMMITMENT CHART AND OTHER INFORMATION . . . . . . . . . . . 11-20 EXECUTIVE SUMMARY FISCAL YEAR 2014 ANNUAL REPORT Arizona continues to recover from the worst recession in our lifetime and the housing recovery that has historically led Arizona’s economic comeback has been stalled. Unfortunately, some of the effects of the Great Recession linger on. While Arizona’s unemployment rate has declined to approximately 6.8 percent, thousands of Arizonans are significantly under employed compared to 2006. Additionally 20 percent of Arizona homeowners are still burdened with negative equity. In FY2014, the Arizona Department of Housing through its federally funded programs provided over $400 million in housing and community revitalization assistance to Arizona residents and communities. The Arizona Housing Finance Authority provided over $37.5 million of assistance to Arizona residents through its down payment and mortgage loan program. The Arizona Home Foreclosure Funding Corporation provided over $46.5 million in statewide assistance through its homeowner foreclosure assistance program, Save Our Home AZ. Together these resources assisted over 80,000 Arizona households in all 15 counties. The need for affordable housing remains at a premium. Over the last few years, ADOH has significantly increased our efforts to promote affordable rental housing units within walking distance of public transportation through the state. Thanks to the Low-Income Housing Tax Credit program and a continued commitment from ADOH to meet the demand for more transit oriented communities, Arizona residents are discovering that they can find affordable housing in addition to cutting their commuting costs. 1 JULY 1, 2013 - JUNE 30, 2014 The agency continues to work with major lenders to gain support and participation in its federally funded foreclosure prevention program, Save Our Home AZ. In FY2014 we made several proactive modifications to the program along with some key modifications to the qualifying provisions. These changes have allowed us to assist a significant number of more people throughout Arizona. It is our pleasure to have the opportunity to highlight and share with you our accomplishments in the Fiscal Year 2014 Annual Report. This report illustrates the outstanding work that the Arizona Department of Housing, the Arizona Housing Finance Authority, and the Arizona Home Foreclosure Prevention Funding Corporation continue to accomplish for the citizens of Arizona. As 2014 comes to a close, the agency remains committed to providing programs and critical resources to our most vulnerable populations in addition to finding responsible and reasonable solutions to address the housing issues facing our great state. FISCAL YEAR 2014 IN SUMMARY 80,000 ARIZONANS PROVIDED HOUSING ASSISTANCE FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING, ARIZONA HOUSING FINANCE AUTHORITY AND ARIZONA HOME FORECLOSURE PREVENTION FUNDING CORPORATION ACHIEVEMENTS The Arizona Department of Housing provides programs and critical resources to the most vulnerable populations of the state while serving as the driver for economic development and leveraging private capital. Whether it is through our work to provide safe and affordable housing, assistance to help aid our homeless and special needs populations, or our ongoing efforts to prevent Arizonans from losing their homes, we are committed to finding responsible and reasonable solutions to address the housing needs of our state. DURING FY 2014 As a state agency, it is our ongoing responsibility to help keep Arizona state government open, Arizona Department of Housing (ADOH) comprehensive look at how exactly our federal tax dollars are flowing back to the state and Arizona Housing Finance Authority (AzHFA) Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC) transparent, and accountable. In keeping with these goals, our annual report provides a being put to work. During FY2014, the Arizona Department of Housing (ADOH), the Arizona Housing Finance Authority (AzHFA), and the Arizona Home Foreclosures Prevention Funding Corporation (AHFPFC) made combined commitments of over $404.6 million in state and federal assistance made commitments of $404.6 million in state and federal assistance 3,097 to support housing and community development activities throughout Arizona. Over the course of the year, the agency touched the lives of over 80,000 Arizonans, most of which are low income, providing some type of housing or community development assistance. Through the federally funded Save Our Home AZ Program and the National Mortgage Foreclosure Counseling Program, 3,097 families received housing counseling and foreclosure prevention assistance. families received foreclosure prevention assistance 2 RENTAL PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT RENTAL PROGRAMS The availability of affordable housing remains a necessity for economic development in the state. During FY2014, the agency made commitments to invest over $254 million in financing to support 1,738 affordable rental units. Financing was obtained by housing developers to support various affordable housing projects across Arizona. Generally, these projects are required to guarantee 20-30 years of affordability in exchange for public financing at favorable terms. $178 million or 70 percent of the financing will go towards the construction of 932 new units, which comprises 54 percent of the total number of units assisted. These units will remain affordable to low-income households for the next 30 years. Over $76 million or 30 percent of the financing will be used to assist 806 (46 percent) units through the acquisition and rehabilitation of existing structures. This financing has been critical in eradicating and transforming blighted neighborhoods and extending the life of affordable rental units. Rental units were funded through a number of funding sources, including the Arizona Housing Trust Fund, the Federal HOME Investment Partnership Program (HOME), the federal Low-Income Housing Tax Credit (LIHTC) program, and other federal stimulus dollars. A full breakdown of the funding invested is located in the tables at the end of this report. 3 JULY 1, 2013 - JUNE 30, 2014 RENTAL PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT $254,000,000 MILLION IN FINANCING TO SUPPORT 1738 AFFORDABLE RENTAL UNITS. $76 MILLION used to assist 806 UNITS THROUGH ACQUISITION AND REHABILITATION $178 MILLION used toward the construction of 932 UNITS of new construction. 4 JULY 1, 2013 - JUNE 30, 2014 RENTAL PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT RENT SUBSIDIES In FY2014, the agency administered over $55 million in rental subsidy payments, assisting 9,215 extremely low-income Arizonans with their monthly rent. Among those assisted were very low-income seniors, formerly homeless individuals, seriously mentally ill, households living with HIV/AIDS, and other special needs groups. 99 percent of the rent subsidy dollars administered consisted of federal dollars. Generally, when households are assisted with public monies to assist with their rent, they are expected to contribute 30 percent of their income with the subsidy covering the difference between what the household JULY 1, 2013 - JUNE 30, 2014 FY2014 9,215 EXTREMELY LOW-INCOME ARIZONANS WERE ASSISTED WITH THEIR MONTHLY RENT can afford and a reasonable modest rent payment. $55 MILLION IN RENTAL SUBSIDY PAYMENTS 5 HOMEOWNERSHIP PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 3 MILLION IN FEDERAL FUNDING $ HOMEOWNERSHIP ASSISTANCE In FY2014, nearly 300 individuals became homeowners by utilizing Arizona’s Housing Finance Authority’s Single Family Loan Program. FOR REHABILITATION ASSISTANCE HOUSING REHABILITATION AND REPAIR PROGRAMS Almost $3 million in federal funding was spent on housing rehabilitation programs this year. These limited funds were critical in providing assistance and helping to extend the life of affordable homes as well as ensure safe, decent living environments for some of Arizona’s poorest homeowners. Most assisted homeowners are low income, elderly, and living on fixed incomes which make this funding for basic repairs essential. Even with a decrease in resources, the agency was able to provide assistance to 115 homes, providing valuable resources for individuals needing repairs to their properties. Community Development Block Grant Funds may be utilized to complete major BEFORE repairs or simply to address emergency situations; HOME funds require major rehabilitation of each home touched. AFTER Camp Verde, Arizona – Manufactured housing replacement project 300 BECAME HOMEOWERS USING ARIZONA’S HFA SINGLE FAMILY LOAN PROGRAM 6 HOMEOWNERSHIP PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 FORECLOSURE PREVENTION In 2014 the agency was able to provide counseling In FY2014, the agency was able to assist 3,097 families with housing and financially assist to 3,097 families. counseling and financial assistance. Over $47 million in program assistance was committed to assist these homeowners through the federally funded Save Our Home AZ program and the National Mortgage Foreclosure Counseling Program. Additionally, our foreclosure hotline assisted over 9,600 households with callers receiving extensive counseling services. Foreclosure counselors provide valuable information for homeowners seeking information on foreclosure prevention. Many of the callers are assessed over the phone and directed to pursue assistance through the agency’s foreclosure prevention program, Save Our Home AZ. Save Our Home AZ was created to assist homeowners avoid foreclosure on their primary residence. The program provides assistance in the form of Principal Reduction Mortgage Modification, Unemployment/Underemployment Mortgage Assistance, Second Lien Elimination and Short Sale Assistance. FORECLOSURE HOTLINE 9,600 assisted over HOUSEHOLDS 7 HOMEOWNERSHIP PROGRAMS FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 HOMELESS PREVENTION PROGRAM Our Special Needs Division continues to develop and implement supportive housing programs for homeless and disabled populations in rural Arizona. Throughout FY2014 our team consistently produced excellent results allowing the agency to remain as a top competitor for the national pool of Continuum of Care Funding, which provides grant dollars for housing Arizona’s homeless population. Our ability to forge partnerships has greatly increased the productivity of 43 supportive housing programs in rural Arizona, thereby avoiding federal funding reductions. Over the past year, the Special Needs Division oversaw the implementation of HUD’s new HEARTH regulations, a massive undertaking resulting in a stronger more competitive Continuum of Care. EMERGENCY OPERATING FUNDS FOR SHELTERS AND SERVICE DOLLARS FOR SUPPORTIVE HOUSING PROGRAMS The agency continues to field numerous requests for emergency operating funds in order for homeless shelters to keep their doors open due to budget shortfalls. This includes assisting shelters during the cold winter months in northern Arizona or keeping overflow shelters open in Phoenix during the hot summer months. The agency remains committed to providing assistance to these essential programs and in FY2014 was able to commit over $1.5 million in resources through state and federal funding. Photo taken by Jason Grubb, Camerawerks. 8 OTHER HOUSING ACTIVITIES FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 In September 2013, the agency sponsored its annual Housing Forum held in Phoenix where 25 states were represented by over 300 attendees. OTHER HOUSING ACTIVITIES Every year the agency funds a number of housing related activities that do not directly • Administration funding for local governments and nonprofits operating housing fall into any of the categories already mentioned in this annual report, including: programs through subcontracts with the agency were provided. The assistance supported numerous local housing positions around the state, administering day- • In September 2013, the agency sponsored its annual Housing Forum held in Phoenix to-day activities related to housing rehabilitation programs, homeless prevention where 25 states were represented by over 300 attendees. The Housing Forum is the programs, rental assistance, and more. only statewide housing conference in Arizona and it has become a venue for elected official, policymakers, industry professionals, advocates, and community leaders • The agency continued to support a free online web-based search engine, where from across the state and nation to address the significant challenges facing Arizona’s low-income households looking for available, affordable rental units would be able housing market. to find vacant, immediately available units statewide. This service provides a way for the public to search for affordable units by location, size, rent amount, and amenities. 9 COMMUNITY DEVELOPMENT FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 COMMUNITY DEVELOPMENT ACTIVITIES In FY2014, the agency awarded over $8 million that provided infrastructure development, public works projects, emergency equipment needed, social service funding, and a number of other community development related activities to almost 57,000 individuals. Community development  activities reached nearly 57,000 individuals. 10 HOUSING DOLLAR COMMITMENTS BY ACTIVITY FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING S S STATE F S F S F S F S S F S F S F S F F Continuum of Care Neighborhood Stabilization Program (NSPI&III) F FEDERAL CDBG HOME HTF Section 8 Housing Choice Vouchers LIHTC Project-Based Section 8 HOPWA S F National Mortgage Foreclosure Counseling Program Total ADOH 9% Multi Family Sub Total 115,500 3,427,552 5,946,882 244,856,670 1,302,317 49,986,265 146,210 3,347,581 26,356 0 $309,155,333 New Construction 0 2,173,587 450,000 174,993,233 0 0 0 0 0 0 $177,616,820 Acquisition-Rehab 0 1,253,965 5,246,882 69,863,437 0 0 0 26,356 0 $76,390,640 Rental Assistance 115,500 0 250,000 0 1,302,317 49,986,265 146,210 3,347,581 0 0 $55,147,873 Single Family Sub total 2,977,925 0 0 0 0 0 0 0 0 797,255 $3,775,180 New Development 0 0 0 0 0 0 0 0 0 0 $0 Homeowner Rehab 2,977,925 0 0 0 0 0 0 0 0 0 $2,977,925 Homeownership Assistance 0 0 0 0 0 0 0 0 0 0 $0 Foreclosure Prevention 0 0 0 0 0 0 0 0 0 0 $0 Foreclosure Counseling 0 0 0 0 0 0 0 0 0 797,255 $797,255 Emergency and Transitional 0 0 620,000 0 0 0 68,591 957,765 0 0 $1,646,356 Eviction Prevention 0 0 0 0 0 0 68,591 0 0 0 $68,591 Development of Transitional 0 0 0 0 0 0 0 0 0 0 $0 Dev/Rehab of Shelters 0 0 0 0 0 0 0 0 0 0 $0 Operating and Services 0 0 620,000 0 0 0 0 957,765 0 0 $1,577,765 Other 5,278,124 0 497,266 0 0 0 0 200,000 0 0 $5,975,390 Miscellaneous activities 5,278,124 0 497,266 0 0 0 0 200,000 0 0 $5,975,390 Other Eligible Non Housing CDBG Project 0 0 0 0 0 0 0 0 0 0 $0 Total $8,371,549 $3,427,552 $7,064,148 $244,856,670 $1,302,317 $49,986,265 $214,801 $4,505,346 $26,356 $797,255 $320,552,259 11 HOUSING DOLLAR COMMITMENTS BY ACTIVITY (AZHFA/AHFPFC) FISCAL YEAR 2014 ANNUAL REPORT AZHFA JULY 1, 2013 - JUNE 30, 2014 AHFPFC S S STATE F F FEDERAL SINGLE FAMILY LOAN PROGRAM Downpayment/ Closing Cost Asst Multi Family Sub Total 0 0 0 0 0 $309,155,333 New Construction 0 0 0 0 0 $177,616,820 Acquisition-Rehab 0 0 0 0 0 $76,390,640 Rental Assistance 0 0 0 0 0 $55,147,873 Single Family Sub total 36,144,392 1,445,775 37,590,167 46,524,265 46,524,265 $87,889,612 New Development 0 0 0 0 0 $0 Homeowner Rehab 0 0 0 0 0 $2,977,925 Homeownership Assistance 36,144,392 1,445,775 37,590,167 0 0 $37,590,167 Foreclosure Prevention 0 0 0 46,524,265 46,524,265 $46,524,265 Foreclosure Counseling 0 0 0 0 0 $797,255 Emergency and Transitional 0 0 0 0 0 $1,646,356 Eviction Prevention 0 0 0 0 0 $68,591 Development of Transitional 0 0 0 0 0 $0 Dev/Rehab of Shelters 0 0 0 0 0 $0 Operating and Services 0 0 0 0 0 $1,577,765 Other 0 0 0 0 0 $5,975,390 Miscellaneous activities 0 0 0 0 0 $5,975,390 Other Eligible Non Housing CDBG Project 0 0 0 0 0 $0 Total $36,144,392 $1,445,775 $37,590,167 $46,524,265 $46,524,265 $404,666,691 12 Total AzHFA SOHAZ Total of ADOH/ AzHFA/ CORP Total Corp HOUSEHOLDS ASSISTED FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING S S STATE F S F S F S F S S F S F S F S F F F FEDERAL CDBG HOME HTF Section 8 Housing Choice Vouchers LIHTC Project-Based Section 8 HOPWA S Continuum of Care F National Neighborhood Mortgage Stabilization Program Foreclosure (NSPI&III) Counseling Program Total ADOH 9% Multi Family Sub Total 31 26 428 1,668 234 8,083 31 431 21 0 10,953 New Construction 0 15 0 917 0 0 0 0 0 0 932 Acquisition-Rehab 0 11 23 751 0 0 0 0 21 0 806 Rental Assistance 31 0 405 0 234 8,083 31 431 0 0 9,215 Single Family Sub total 115 0 0 0 0 0 0 0 0 1,923 2,038 New Development 0 0 0 0 0 0 0 0 0 0 0 Homeowner Rehab 115 0 0 0 0 0 0 0 0 0 115 Homeownership Assistance 0 0 0 0 0 0 0 0 0 0 0 Foreclosure Prevention 0 0 0 0 0 0 0 0 0 0 0 Foreclosure Counseling 0 0 0 0 0 0 0 0 0 1,923 1,923 Emergency and Transitional 0 0 8,750 0 0 0 40 89 0 0 8,879 Eviction Prevention 0 0 0 0 0 0 40 0 0 0 40 Development of Transitional 0 0 0 0 0 0 0 0 0 0 0 Dev/Rehab of Shelters 0 0 0 0 0 0 0 0 0 0 0 Operating and Services 0 0 8,750 0 0 0 0 89 0 0 8,839 Other 56,825 0 0 0 0 0 0 0 0 0 56,825 Miscellaneous activities 56,825 0 0 0 0 0 0 0 0 0 56,825 Other Eligible Non Housing CDBG Project 0 0 0 0 0 0 0 0 0 0 0 Total 56,971 26 9,178 1,668 234 8,083 71 520 21 1,923 78,695 SECTION 8 PBCA RENTAL SUBSIDY PASSTHROUGH NOT BROKEN DOWN BY COUNTY 13 HOUSEHOLDS ASSISTED (AZHFA/AHFPFC) FISCAL YEAR 2014 ANNUAL REPORT AZHFA JULY 1, 2013 - JUNE 30, 2014 AHFPFC S S STATE F F FEDERAL SINGLE FAMILY LOAN PROGRAM * Downpayment/ Closing Cost Asst Total of ADOH/ Total AzHFA SOHAZ AzHFA/ Corp Total Corp Multi Family Sub Total 0 0 0 0 0 10,953 New Construction 0 0 0 0 0 932 Acquisition-Rehab 0 0 0 0 0 806 Rental Assistance 0 0 0 0 0 9,215 Single Family Sub total 291 0 291 1,174 1,174 3,503 New Development 0 0 0 0 0 0 Homeowner Rehab 0 0 0 0 0 115 Homeownership Assistance 291 0 291 0 0 291 Foreclosure Prevention 0 0 0 1,174 1,174 1,174 Foreclosure Counseling 0 0 0 0 0 1,923 Emergency and Transitional 0 0 0 0 0 8,879 Eviction Prevention 0 0 0 0 0 40 Development of Transitional 0 0 0 0 0 0 Dev/Rehab of Shelters 0 0 0 0 0 0 Operating and Services 0 0 0 0 0 8,839 Other 0 0 0 0 0 56,825 Miscellaneous activities 0 0 0 0 0 56,825 Other Eligible Non Housing CDBG Project 0 0 0 0 0 0 Total 291 0 291 1,174 1,174 80,160 *AllhomebuyersreceivingassistanceundertheSingleFamilyLoanprogram,receivedassistanceunderthiscategoryaswell. 14 GEOGRAPHIC DISTRIBUTION FUNDING FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING S S STATE F S F S F S S S F F F LIHTC Section 8 Housing Choice Vouchers Project-Based Section 8 S S F S F S F F F FEDERAL CDBG HOME HTF HOPWA Continuum of Care Neighborhood National Mortgage Stabilization Program Foreclosure Counseling (NSPI&III) Program ADOH Total 9% Apache 0 0 16,631 0 0 0 9,679 178,243 0 0 $204,553 Cochise 571,713 1,114,446 214,885 29,283,640 0 0 0 503,835 0 0 $31,688,519 Coconino 265,727 0 589,977 0 0 0 29,648 686,073 0 0 $1,571,425 Gila 677,044 0 0 3,244,627 0 0 5,144 0 0 0 $3,926,815 Graham 183,870 0 0 5,472,180 0 0 0 40,913 0 0 $5,696,963 Greenlee 100,000 0 0 0 0 0 0 0 0 0 $100,000 La Paz 179,665 0 4,880 0 0 0 0 78,077 0 0 $262,622 Maricopa 0 813,106 4,415,840 163,189,290 0 0 0 0 26,356 0 $168,444,592 Mohave 1,310,121 0 12,328 0 0 0 117,172 248,724 0 0 $1,688,345 Navajo 366,526 0 11,404 4,348,283 0 0 0 207,219 0 0 $4,933,432 Pima 0 0 1,454,291 21,678,940 0 0 0 904,644 0 0 $24,037,875 Pinal 1,348,028 0 19,212 0 0 0 0 213,326 0 0 $1,580,566 Santa Cruz 327,623 750,000 0 10,252,250 0 0 0 68,000 0 0 $11,397,873 Yavapai 1,092,658 750,000 28,729 7,387,460 1,302,317 0 53,158 612,753 0 0 $11,227,075 Yuma 1,948,574 0 50,120 0 0 0 0 563,539 0 0 $2,562,233 Statewide (no breakdown) 0 0 186,500 0 0 49,986,265 0 0 797,255 $50,970,020 Rural (no breakdown) 0 0 59,351 0 0 0 0 200,000 0 0 $259,351 $4,505,346 $26,356 $797,255 $320,552,259 0 0 797,255.00 $50,970,020 3,600,702.00 0 0 $77,099,772 904,644.00 26,356.08 0 $192,482,467 Grand Total $8,371,549 $3,427,552 $7,064,148 $244,856,670 $1,302,317 $49,986,265 $214,801 Statewide 0 0 186,500.00 0 0 49,986,265.00 0 Rural 8,371,549.00 2,614,446.00 1,007,517.00 59,988,440.00 1,302,317.00 - 214,801.00 Urban 0 813,106.00 5,870,131.00 184,868,230.00 0 0 0 SECTION 8 PBCA RENTAL SUBSIDY PASSTHROUGH NOT BROKEN DOWN BY COUNTY 15 GEOGRAPHIC DISTRIBUTION FUNDING (AZHFA/AHFPFC) FISCAL YEAR 2014 ANNUAL REPORT AZHFA JULY 1, 2013 - JUNE 30, 2014 AHFPFC S S STATE F F FEDERAL SINGLE FAMILY LOAN PROGRAM Downpayment/ Closing Cost Asst AzHFA Total SOHAZ Corp Total TOTAL Apache 229,081 9,163 238,244 106,895 106,895 $549,692 Cochise 3,032,096 121,284 3,153,380 547,552 547,552 $35,389,451 Coconino 4,759,081 190,363 4,949,444 503,752 503,752 $7,024,621 Gila 636,163 25,446 661,609 477,835 477,835 $5,066,259 Graham 0 0 0 37,147 37,147 $5,734,110 Greenlee 73,469 2,939 76,408 0 0 $176,408 La Paz 0 0 0 6,657 6,657 $269,279 Maricopa 0 0 0 28,042,849 28,042,849 $196,487,441 Mohave 1,417,896 56,716 1,474,612 1,101,169 1,101,169 $4,264,126 Navajo 384,101 15,364 399,465 161,269 161,269 $5,494,166 Pima 0 0 0 9,988,912 9,988,912 $34,026,787 Pinal 14,342,369 573,695 14,916,064 3,023,743 3,023,743 $19,520,373 Santa Cruz 199,276 7,971 207,247 390,249 390,249 $11,995,370 Yavapai 2,270,382 90,815 2,361,197 877,869 877,869 $14,466,141 Yuma 8,800,478 352,019 9,152,497 1,258,366 1,258,366 $12,973,096 Statewide (no breakdown) 0 0 0 0 0 $50,970,020 Rural (no breakdown) 0 0 0 0 0 $259,351 Grand Total $36,144,392 $1,445,775 $37,590,167 $46,524,265 $46,524,265 $404,666,692 Statewide 0 0 0 0 0 $50,970,020 Rural 36,144,392 1,445,775 37,590,167 8,492,504 8,492,504 $123,182,443 Urban 0 0 0 38,031,761 38,031,761 $230,514,229 16 GEOGRAPHIC DISTRIBUTION, HOUSEHOLDS FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING S S STATE F S F S F S S S S F F F LIHTC Section 8 Housing Choice Vouchers Project-Based Section 8 S F S F S F F F FEDERAL CDBG HOME HTF HOPWA Confinuum of Care Neighborhood Stabilization Program (NSPI&III) National Mortgage Foreclosure Counseling Program ADOH Total 9% Apache 0 0 0 0 0 74 2 14 0 0 90 Cochise 0 8 0 167 0 412 0 80 0 0 667 Coconino 0 0 750 0 0 117 10 62 0 0 939 Gila 0 0 0 23 0 61 3 0 0 0 87 Graham 0 0 0 50 0 30 0 6 0 0 86 Greenlee 0 0 0 0 0 0 0 0 0 0 0 La Paz 0 0 0 0 0 0 0 10 0 0 10 Maricopa 0 7 8,422 1,163 0 5,436 0 0 21 0 15,049 Mohave 54 0 0 0 0 107 25 30 0 0 216 Navajo 0 0 0 23 0 92 0 24 0 0 139 Pima 0 0 6 134 0 1,143 0 112 0 0 1,395 Pinal 26 0 0 0 0 202 0 18 0 0 246 Santa Cruz 0 6 0 48 0 0 0 10 0 0 64 Yavapai 46 5 0 60 234 177 31 94 0 0 647 Yuma 20 0 0 0 0 232 0 60 0 0 312 Statewide (No breakdown) 0 0 0 0 0 0 0 0 0 1,923 1,923 Rural (No breakdown) 56,825 0 0 0 0 0 0 0 0 0 56,825 71 520 21 Grand Total 56,971 26 9,178 1,668 234 8,083 1,923 78,695 Statewide 0 0 0 0 0 0 0 0 0 1,923 1,923 Rural 56,971 19 750 371 234 1,504 71 408 0 0 60,328 Urban 0 7 8,428 1,297 0 6,579 0 112 21 0 16,444 17 GEOGRAPHIC DISTRIBUTION, HOUSEHOLDS (AZHFA/AHFPFC) FISCAL YEAR 2014 ANNUAL REPORT AZHFA JULY 1, 2013 - JUNE 30, 2014 AHFPFC S S STATE F F FEDERAL SINGLE FAMILY LOAN PROGRAM * Downpayment/ Closing Cost Asst Apache 2 0 2 1 1 93 Cochise 27 0 27 18 18 712 Coconino 32 0 32 13 13 984 Gila 4 0 4 11 11 102 Graham 0 0 0 1 1 87 Greenlee 1 0 1 0 0 1 La Paz 0 0 0 1 1 11 Maricopa 0 0 0 650 650 15699 Mohave 11 0 11 32 32 259 Navajo 4 0 4 6 6 149 Pima 0 0 0 277 277 1672 Pinal 108 0 108 71 71 425 Santa Cruz 2 0 2 16 16 82 Yavapai 21 0 21 28 28 696 Yuma 79 0 79 49 49 440 Statewide (no breakdown) 0 0 0 0 0 1923 Rural (no breakdown) 0 0 0 0 0 56825 Grand Total 291 0 291 1,174 1,174 80,160 Statewide 0 0 0 0 0 1,923 Rural 291 0 291 247 247 60,866 Urban 0 0 0 927 927 17,371 AzHFA Total SOHAZ *AllhomebuyersreceivingassistanceundertheSingleFamilyLoanprogram,receivedassistanceunderthiscategoryaswell 18 TOTAL Corp Total FISCAL YEAR 2014 ANNUAL REPORT JULY 1, 2013 - JUNE 30, 2014 ARIZONA DEPARTMENT OF HOUSING ARIZONA HOUSING COMMISSION Michael Trailor Director The Arizona Housing Commission was created to serve as an advisory body to the Governor and to the Arizona Department of Housing. The Commission is comprised of 24 representitives from private industry, community-based nonprofit housing organizations, and state, local and 1110 W. Washington, Suite 310 Phoenix, Arizona 85007 Main 602-771-1000 TTY 602-771-1001 FAX 602-771-1002 www.azhousing.gov Title II of the Americans with Disabilities Act prohibits discrimination on the basis of disability in the programs of a public agency. Individuals with disabilities who need the information contained in this publication in an alternative format may contact the Arizona Department of Housing at (602) 771-1000 or our TTY number (602) 771-1001 to make their needs known. Requests should be made as soon as possible to allow sufficient time to arrange for the accommodation. ARIZONA HOUSING FINANCE AUTHORITY tribal governments. KENNETH ANDERSON Arizona Housing Association JACKSON MOLL Home Builders Association of Central Arizona SARAH DARR City of Flagstaff SALLY STANG City of Tucson LISA DEER Salt River Financial Services Institution NANCY RAMIREZ Capesinos Sin Fronteras DEB DRYSDALE George Washington Carver Elementary School DANIEL RANIERI La Frontera LISA EVERHART Wells Fargo ROBERTO RUIZ Ruiz Engineering PETER HERDER Herder Companies STEVEN TOFEL Tofel Construction JOHN KAITES 913 W. McDowell LLC BETTY VILLEGAS Pima County KARL MATZINGER City of Phoenix TED WILLIAMS Arizona Behavioral Health ROBERT MICHAEL MCQUAID JM Management Company DAVE WOLF Mohave County Community Services Department The Arizona Housing Finance Authority (AzHFA) was created in 2002 to provide the state of Arizona with a housing bonding authority dedicated to serving the 13 rural counties of the state CHAIRPERSON Robert Gardiner Northern Trust NA VICE CHAIRPERSON John Sundt Rusing, Lopez & Lizardi SECRETARY Paul C. DeSanctis Arizona Lending Specialists, LLC TREASURER Randall Pullen Oasis Partners, LLC Zeek Ojeh Cartwright School District SEN. ANDY BIGGS, President, Arizona Senate REP. ANDY TOBIN Speaker, Arizona House of Representatives 19