HomeMy WebLinkAboutIV Habitat_FY24 A2A Application SummaryFY24 Legacy A2A Application Summary
Application summaries are intended to be a high-level overview of key information and not a substitute for
the full submission. Please consider all materials submitted by the applicant.
Applicant Agency Iowa Valley Habitat for Humanity
Request for FY24 Funding $30,000
Agency Total Budget $2,347,454
I. Need and Priority
Community Need (Q1)
Proposal addresses housing needs through a variety of services
such as homeownership, financial counseling, and home repair.
Provision of public services, preservation of existing affordable
housing, and expansion of owner housing options are high priority
needs in City Steps.
Services Provided (Q3)
Proposal requests operational funding for a variety of housing
services. Project contributes towards achievement of goals in City
Steps – specifically provision of public services, support of
homebuyer activities, and rehabilitation of housing.
II. Impact and Delivery
Benefit to Low Income Person (Q8)
Agency serves those below 80% AMI.
<30%AMI:
42%
30-50%AMI:
35%
50-80%AMI:
24%
>80%AMI:
0%
Racial Equity and Inclusivity for
Marginalized Populations (Q8, Q9,
and Form B)
Agency discusses initiatives such as the Women Build program and
collaborations with other agencies to reach diverse populations.
About 63% of FY23 clients listed as non-white. 40% with Hispanic,
Latino, or Spanish origin.
Outcome Measures (Prior Year
Reports and Q12)
Reported serving 127 residents in Iowa City in FY22. More
information can be found in the FY22 4th quarter report.
Persons to Benefit (Form B, Form
C, Q11 and Q12)
Request of $30,000 / 152 = $197.38 per IC resident. Commissioners
may also consider cost effectiveness for the extent of services.
III. Evidence of Financial Capacity
Collaboration/Operations Plan (Q7
and Form C)
Numerous collaborations with other agencies such as Johnson
County Interfaith Coalition described in detail.
Agency Budget (Q5 and Form C) Appears reasonable. Three-year average for carryover fund balance
= $1,779,290. No reserve funds listed.
Leveraging Funds (Q12 and Form
C) Request is 1.28% of agency total budget.
IV. Evidence of Administrative Capacity
Quality of Application (Overall App) Overall appears to be reasonable. Detailed narrative provided with
specific, and data driven responses.
Experience and Success (Past
Performance, Form A, and Overall
App)
Applicant regularly undertakes federally funded projects. Agency has
received four years of consecutive LA2A funding recently.
Questions, Considerations, and Concerns
• It looks like operational expenses more than doubled between FY22 and FY23. Is this correct?
• Carryover balance is nearly $2 million.
Funding History
FY23 (calendar 2022-2023) $26,709
FY22 (calendar 2021-2022) $26,119
FY21 (calendar 2020-2021) $24,923
FY20 (calendar 2019-2020) $25,000
Application summaries are intended to be a high-level overview of key information and not a substitute for
the full submission. Please consider all materials submitted by the applicant.
FY19 (calendar 2018-2019) $0
Has the agency received other City
administered funding in the last 5
years?
$17,500 – Affordable Housing Fund (Forest View weatherization)
$5,000 – Climate Action (heat pump/solar)
$80,000 – FY19 HOME (homeownership assistance)
$57,000 – FY21 CDBG/HOME (down payment assistance)