City of MercedPermanent Local Housing Allocation(PLHA) 5-Year PlanandApplication for Funding December 27, 2021
City of Merced Housing Division678 West 18th Street, 2nd FloorMerced, California 95340(209) 385-6863(209) 725-8775 [email protected] Public Comment Period began November 18, 2021 and concludes on December 5 th
, 2021.
Submit Comments by Mail:
City of Merced Housing Division678 West 18th Street, 2nd FloorMerced, California 95340 Submit Comments by Email:
[email protected]
Please include “PLHA” in the subject line
Submit Comments by Phone:
(209) 385-6863
Submit Comments by Fax:
(209) 725-8775
Residents are also invited to submit comments during a December 20 th
, 2021 Public Hearing at 6:00 PM,prior to City Council consideration of the Plan. Participation instructions are posted with the agenda athttps://www.cityofmerced.org/departments/city-clerk/council-meetings/citizen-participation-instructions. Additional accommodations are offered by request to the office of the City Clerk at (209) 385-6231 [email protected] at least three business days prior to the meeting.
All comments and City responses are attached to this document as Appendix A.
Revision History
SummaryThe California Department of Housing and Community Development (Department) released aNotice of Funding Availability (NOFA) for approximately $304 million in funding for thePermanent Local Housing Allocation (PLHA) program for Entitlement and Non-entitlement Localgovernments. The NOFA is funded from moneys deposited in the Building Homes and JobsTrust Fund (Fund) in calendar year 2019.
Funding for this NOFA is provided pursuant to Senate Bill (SB) 2 (Chapter 364, Statutes of2017). SB 2 established the Fund and authorized the Department to allocate 70 percent ofmoneys collected and deposited in the Fund, beginning in calendar year 2019, to Localgovernments for eligible housing and homelessness activities. The intent of the bill is to providea permanent, on-going source of funding to Local governments for housing-related projects andprograms that assist in addressing the unmet housing needs of their communities.
The Entitlement and Non-entitlement formula allocation NOFA outlines threshold and applicationrequirements, as well as defines the method in which funds will be distributed for Entitlementand Non-entitlement Local governments. Ninety percent of the money will be allocated basedon the formula used under Federal law to allocate CDBG funds within California, as specified inTitle 42 United States Code (USC), Section 5306 and will be distributed to Entitlement Localgovernments and Non-entitlements local governments via a competitive grant program.Non-entitlement Local government allocations come from ten percent of the moneys availableand allocated equitably among Non-entitlement local governments. Allocations are distributedon an annual basis in response to an application defining the eligible planned use of funds forfive years.
Eligible activities include:
(1) The predevelopment, development, acquisition, rehabilitation, and preservation ofmultifamily, residential live-work, or rental housing that is affordable to extremely low-, very low-,low-, or moderate-income households (up to 120 percent of Area Median Income (AMI), or 150percent of AMI in High-cost areas, see appendix B for a list of High-cost areas), includingnecessary Operating subsidies.(2) The predevelopment, development, acquisition, rehabilitation, and preservation of Affordablerental and ownership housing, including Accessory Dwelling Units (ADUs), that meets the needsof a growing workforce earning up to 120 percent of Area Median Income (AMI), or 150 percentof AMI in High-cost areas. ADUs shall be available for occupancy for a term of no less than 30days.(3) Matching portions of funds placed into Local or Regional Housing Trust Funds.Matching funds must be utilized as required by PLHA guidelines Section 301(a).(4) Matching portions of funds available through the Low- and Moderate-Income Housing AssetFund pursuant to subdivision (d) of HSC Section 34176. Matching funds must be utilized asrequired by PLHA guidelines Section 301(a).(5) Capitalized Reserves for Services connected to the preservation and creation of newPermanent Supportive Housing.
(6) Assisting persons who are experiencing or at risk of homelessness in conformance with 24Code of Federal Regulations (CFR Section 578.3), including:● Rapid rehousing in conformance with federal rules contained in 24 CFR Section576.104, except for legal services;● Rental assistance with a term of at least six (6) months (rental arrears is not eligible);● Street outreach, and other Supportive/case management services in conformance withfederal rules contained in 24 CFR Section 576.101 that allow people to obtain and retainhousing;● Operating and capital costs for navigation centers and emergency shelters, and the newconstruction, rehabilitation, and preservation of permanent and transitional housing.o This Activity may include subawards to Administrative Entities as defined in HSCSection 50490(a)(1-3) that were awarded California Emergency Solutions andHousing (CESH) Program or Homeless Emergency Aid Program (HEAP) fundsfor rental assistance to continue assistance to these households.o Applicants must provide rapid rehousing, rental assistance, navigation centers,emergency shelter, and transitional housing activities in a manner consistent withthe Housing First practices described in 25 CCR Section 8409, subdivision(b)(1)-(6) and in compliance with Welfare Institutions Code (WIC) Section8255(b)(8). An Applicant allocated funds for the new construction, rehabilitation,and preservation of Permanent supportive housing shall incorporate the corecomponents of Housing First, as provided in WIC Section 8255(b).(7) Accessibility modifications in Lower-income (up to 80 percent of AMI) Owner-occupiedhousing.(8) Efforts to acquire and rehabilitate foreclosed or vacant homes and apartments.(9) Homeownership opportunities, including, but not limited to, down payment assistance andowner occupied rehabilitation.(10) Fiscal incentives made by a county to a city within the county to incentivize approval of oneor more Affordable housing projects, or matching funds invested by a county in an Affordablehousing development project in a city within the county, provided that the city has made anequal or greater investment in the project. The county fiscal incentives shall be in the form of agrant or low-interest loan to an Affordable housing project. Matching funds investments by boththe county and the city also shall be a grant or low-interest deferred loan to the Affordablehousing project.
The City of Merced’s 5-year PLHA Plan (“the Plan”) allocated the proposed funding according tothe following percentages:
Percentage of FundsAllocated for:
2019 2020 2021 2022 2023
(1) MultifamilyRental Housing
95% 95% 95% 95% 95%
ProgramAdministration
5% 5% 5% 5% 5%
Each year references the funding allocation year from the California Department of Housing andCommunity Development (HCD).
It is the intent to identify potential projects using both the City’s open Housing Partners Requestfor Qualifications (RFQ) as well as the annual Notice of Funding Availability (NOFA) processundertaken as part of the City’s Annual Action Plan as required by the Housing and UrbanDevelopment Department (HUD). The City Council shall consider funding utilizing the followingcriteria:
● Income levels served – preference to the lowest levels● Maximizing funding to provide housing to the number of families and units● Site Control● Project Entitlements● Commitment of other funding sources or soundness of the funding pro forma● Project Sponsor or Developer experience The City reserves the right to consider other criteria based on health and safety needs or otherimmediate community needs.
Permanent Local Housing Allocation Formula Allocation PlanApplicationPlan Components● Describe the manner in which allocated funds will be used for eligible activities:o The City of Merced will utilize 95% of its five-year allocation to support thedevelopment of rental multifamily housing dedicated to households with incomesat or below 60% of AMI.● Provide a description of the way the Local government will prioritize investments thatincrease the supply of housing for households with incomes at or below 60 percent ofArea Median Income (AMI)o The City is prioritizing its investment to increasing the supply of housing forhouseholds with incomes at or below 60% of AMI, by committing 95% of itsfive-year allocation as gap funding for the construction of affordable housing inMerced.● Provide a description of how the Plan is consistent with the programs set forth in theLocal Government’s Housing Elemento The plan is consistent with and supports the goals, programs, and policies in theCity of Merced's Housing Element including the following:▪ Goal H-01: Increase the Stock of Affordable Housing for Extremely Low,Very Low, Low, and Moderate Income Households▪ Policy H-1.2: Support Development of Affordable Housing▪ Policy H-1.6: Pursue State and Federal Funds for New HousingConstruction Program ReuseProgram income received from activities in this plan will first be utilized to deliver additionalactivities of the same type. If future amended plans no longer support the allocation of funds tothat activity, the program income will be programmed according to the activity allocation in effectat that time.
CertificationsThe City will record a deed restriction against for-sale housing projects or units within for-salehousing projects which were acquired, constructed, or rehabilitated using PLHA funds.
The City will make PLHA assistance in the form of a low-interest, deferred loan to the projectsponsor for funds used for the development of Affordable Rental Housing.
ReportingThe City will provide an annual report of the uses and expenditures of any allocated funds everyJuly 31st to The Department of Housing and Community Development’s grant managementdivision according to their specifications.
Activity 1: Multifamily Rental HousingActivity Description:
The predevelopment, development, acquisition, rehabilitation, and preservation of multifamily,residential live-work, rental housing that is affordable to extremely low-, very low-, low-, ormoderate-income households, including necessary operating subsidies.
Provide a detailed and complete description of how allocated funds will be used for eachproposed Affordable Rental Housing Activity:
The PLHA funds will be used to provide assistance in the form of low-interest, deferred loans toproject sponsors for the development of Affordable Multifamily Rental Housing. The loan shallbe evidenced through a Promissory Note secured by a Deed of Trust, and RegulatoryAgreements restricting occupancy and rents.
Percentage of Funds Allocated for Affordable Owner-Occupied Workforce Housing: 0% Funding Allocation Year 2019 2020 2021 2022 2023% of Annual Funds Allocated for theProposed Affordable Rental HousingActivity 95% 95% 95% 95% 95%
Area Median Income Level Served 30% 30% 30% 30% 30%Unmet Share of RHNA at this AMILevel 1351 1318 1285 1252 1219
Projected Number of HouseholdsServed
33 33 33 33 33
Period of Affordability for theProposed Affordable Rental HousingActivity (Years) 55 55 55 55 55
The HCD PLHA guidelines discuss the need to have 20% of the funds used in support ofAffordable Owner – Occupied Workforce Housing (AOWH). During the drafting of the City’s planHCD was consulted. HCD provided information that it is not necessary to include this allocationwithin the plan for each jurisdiction. Their intent is for this requirement to be met naturally ratherthan make it a stipulation for each jurisdiction. They will monitor this and may reevaluate in thefuture. If meeting the AOWH target becomes a requirement by HCD it can be met throughHomeownership Opportunities such as Down Payment Assistance and Owner-OccupiedRehabilitation. Those would require a modification to the PLHA Plan.
A description of major steps/actions and a proposed schedule for implementation andcompletion of the Activity.
PLHA funds will be used as a gap loan for construction of affordable multifamily housing in theCity of Merced, which will be operated as affordable housing serving families at 30% AMI orbelow. The 2019 and 2020 allocations will be used to support a development project jointlydeveloped by UPholdings and Self-Help Enterprises. For this project, the purchasing andentitlement process will be undergone through the remaining of 2021. Financing applications forthe project will be pursued through the first part of 2022, with construction beginning in 2023. A
traditional 12-month construction schedule will be pursued, which will allow residents to move in2024. Funding is dependent on other agencies including the California Department of Housingand Community Development, the California Tax Credit Allocation Committee, and the CaliforniaDebt Limit Allocation Committee.
Allocations for PLHA in 2021-2023 have not been allocated to a specific developer ordevelopment site. These funds will also be used to provide assistance in the form oflow-interest, deferred loans to project sponsors for the development of Affordable MultifamilyRental Housing.
Appendix A: Public Comments
Permanent Local Housing Allocation (City of Merced) - Public Comments Received
City Council Meeting / Public Hearing - Monday, December 20, 2021; 6:00 p.m. – Agenda Item J.2 Merced Civic Center – City Council Chambers, 678 W. 18 th Street, Merced (in-person meeting)
Comments submitted for the 12/20/21 Public Hearing included:
• Comments emailed to City Clerks prior to meeting: None • In-person comments received during the Public Hearing: None • Voicemail comments played during the meeting included: None
Written Comments received by the City or Developer prior to the Public Hearing:
1. Leadership Counsel for Justice and Accountability – the City received a letter of support from the Leadership Counsel. Please see the letter below.
No other comments were received. No comments were received by the City during the Public Comment period (11/18 – 12/5/21)
Appendix B: Public Notices and OutreachThe following methods were used to communicate the 15-day public comment period and publichearing:
● Public Notice in the Merced Sun Star and Merced County Times newspapers● Public Notice posted to the website of the City of Merced for both the City Clerk and the CityHousing Division
AFFIDAVIT OF PUBLICATION
Account # Order Number Identification Order PO Amount Cols Depth 36818 173342 Print Legal Ad - IPL0049571 $337.70 2 84 L Kim NuttAttention:
CITY OF MERCED HOUSING DIVISION
678 W. 18TH ST,
MERCED, CA 95340
Declaration of Publication
2015.5 C.C.P.
STATE OF CALIFORNIA )
) ss.
County of Merced )
I am a citizen of the United States; I am over the age of eighteen years, and not a party to or interested in the above entitled matter. I am the principal clerk of the printer of the Merced Sun Star, a newspaper of general
circulation, printed and published in the city of Merced, County of Merced, and which newspaper has been
adjudged a newspaper of general circulation by the
Superior Court of the County of Merced, State of
California, under the date of July 14, 1964 Case Number 33224 that the notice, of which the annexed is a printed copy, has been published in each regular and entire
issue of said newspaper and not in any supplement
thereof on the following dates, to wit:
No. of Insertions: 1
Beginning Issue of: 11/18/2021
Ending Issue of: 11/18/2021
I certify (or declare) under penalty of perjury that the foregoing is true and correct and that this declaration was executed at Dallas, Texas on:
Date: 18th, day of November, 2021
Notary Public in and for the state of Texas, residing in Dallas County
Extra charge for lost or duplicate affidavits.
Legal document please do not destroy!
Ʒ ŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲŲCV YbDĢY]V ]+bVYt DHmCV řÔ ƷDZƷř
#
# =E 1
1 =E 3E
3E =E
9> 9> + + +
22<
..
> 2? "<
2!"70
/,.C
*" "0 6.2
- "A8
3= 3= ' '= '=
2//
- 8- <*" 8<27 ,-
,
4,0 2!C
?.,"
7,"0!8
:1 :1 + + +
"7 /:$))0 7' )= #3
):' .
,
-
7,/" ?84"
</!
37 #7'330 ,-
##>3 # 3 #
"<* ,0 7!,8",
- "A 7,
-8/%
#
0
,
-
*" 7,* -
>>#> 3 > 3
<,0
>E>3 #
3#&) 3 :' '72 %
7#'
. ,
- ,
#;- ,-
( ( 3E >( >(
*" .
-.,8< ,
- ,-
,* -
A
7!"7
A
7!"7 7)0,D"!
7,/"
:::> : > :
22<
.. 2? "< ,) 0) ,) 0) >: "0 6.2
- "A8
,
-
==== E = E
<<,20 31 /
#77% #2% %:0
,* -
7"C68 0<2/C ,
- ,-
,* -
,?*- ,) -C ,
- ,- ,* -
999( 9 ( 9
2?0)
*".!20
0,<"! <<"8 ,?*- *28<8 28,<,@"
,
-
?.. /) ;
#
0 ,* -
33 33 39 '3 '3
"0)2 <."0<2 /?
*2
<."0<2
?+,)*<
20 /7
*4772
.7/ 2<,
,"72
''1' 1 ' 1
.-"7 ,
- ,- ,
-
")
,"8,
- ,- ,* -
*,<<68
7""-
A2
"0
>9 >9 >: =19 33# *" ,78< (# *" ,78< (# ,
- ,<C 20&!"0<,.
:> >( (3 >'( #1E ,4??-
"!,1*?- 2: #%%#3. ,
-
,
"*8-
"! >,1*8- 2: #%%#3. ,
-,
"*8-
'9 + '3 >#> 3#( 27<* 22!8
A ,.!8,!" ,* - 27<* 22!8
A
(= (= + =>1 #9' ,58?- 7
"78*24
2 22! ""!,1* - 2#3 %.
9( 9( == >9# + 2/"8<"! "8
?" !:' 2= 2 +23'73 # !%"
%' . ,
-
,?8- 2/"8<"! "8
?"
,
-
'3 '3 3= =33 + 0
7"!
,0!,0) "/2 ,1?8-,-
>1 >1 =( >(# #9#
*" B4"0!
."8 >,1*9-,- B4"0!
."8 =
:E :E (# >:1 + A0 <78,
- ,?9- A0 <78,
- ,
- ,?
- A0 <78,
-
(1 (1 (' >'> =(: *7,8</8 ,0
2?,8,0 ,1*(-,
- ".,D @,
+ (( '> ==3 3:E .27,
/ *27" 2?
." *2< ,!,
? ,!,
?
=1 =1 => >(3 3:# ,4??- D"! 0! 20%?8"!
2//C 2C,1(
-
9= 9= =1 >(9 3=1 ,) 0) ,) 0) ,) 0) ,) 0) ,) 0) ,) 0)
'' '' ># >#E +
C :EE+
5 ,%" ,
- ,* - 3EEE+
5 ,8<"78
>' >' >( >(' 3=#
*27 )072- ,1*4- !2#3 &3<)27!. *27
>: >: =E >(> + *7,8."C *7,8."C /"75 ,) ". *7,8."C *7,8."C => => =# >E: 3(E 427<8"0<"7 427<8"0<"7 ,
- 427<8"0<"7 ,
-
=: =: + >3# (E3
2.% 2.% "0<7.
=9 =9 + + + ?
8 (1"78 77,278 28<5 27.! 2-"7
'( '( + >13 39= ,) ,<C ,) ,<C
"88,"
"88," ,) ,<C ,) ,<C
'= '= (: =EE 393 ?8<." 0)"7
,2 ,1**- 33 #3'2 ,-
'> '> =' >19 3#3 ""0 ""0 ?7)"78 ?7)"78 /"75 /"75 3# 3# + ='' >E# *7- 0- *"47! /,<* /"7,
0 7""!
>E >E =3 >E> + 20
"/20 0!"7820 224"7 7,/" ,/"
31 31 + =:E >E' ?<%".!$ ,
- "A8 < ,)*< ?
-"7 7.820
39 39 39 =': >E1 *" 33<* 2?7
*".
!!2A *"
8< 27!
''3 ''3 >E 'E( =E=
?8,
2B/ 0 ,
- ,
-
- 20 <*" "
27! ,
- 08"
?7"
':3 ':3 >3 'E# =E'
0)8 2% "A 27- ,1?9-
)'2) #+2#) '#% ="
<#3 &2)' #>.
,-
'9: '9: + '(E =31
2?7
72<*"78
,9
- 0!"7 <*" 2.
02,19*- 7#' .,
- "B<"7 "A .22!,
-
'=( '=( >> '>3 ='3
2/"<*,0)68 2<<
,@" ,1?8-
"7" 2!C,19*- #%%= 2=37% #
'= #3!.,
"*8-
'3# '3# 31 '>9 =(3 2A"7 22- *28<
,
-
,?9- 2A"7 22- *28<
,
-
,? -
C.,)*<,1(5-
,
"*8-
" )&37
2
" )&37
)3 ')3
" )&37 !)<!#%% " #2 " #3!
7<)2$
'-8=3 * 1)6')(
49&0-' 238-')
238-') -7 ,)6)&= +-:)2 XLEX XLI 'MX] SJ 1IVGIH [MPP GSRHYGX E TYFPMG LIEVMRK SR (IGIQFIV EX
41 EX XLI 'SYRGMP 'LEQFIVW SJ XLI 1IVGIH 'MX]
,EPP PSGEXIH EX
;
XL 7X 1IVGIH '%
MR SVHIV XS HMWGYWW ER ETTPM
GEXMSR JSV JYRHMRK YRHIV XLI 'EPMJSVRME (ITEVXQIRX SJ ,SYWMRK ERH 'SQQYRM X] (IZIPSTQIRX (ITEVXQIRX 4IVQERIRX 0SGEP ,SYWMRK %PPSGEXMSR 4VSKVEQ ERH X S WSPMGMX GMXM^IR MRTYX SR XLI 'SYRX]¼W TVSTSWIH JMZI]IEV TPER EGXMZMXMIW XS FI MR GPYHIH MR XLI ETTPMGEXMSR
49&0-' ,)%6-2+
(%8)
(IGIQFIV
8-1)
41
40%')
1IVGIH 'MX] ,EPP 'SYRGMP 'LEQFIVW
2( *PSSV
;
XL 7X 1IVGIH '%
*36 %+)2(%
4%68-'-4%8-32 -27869'8-327
LXXTW
[[[GMX]SJQIVGIHSVKHITEVXQIRXWGMX]GPIVOGSYRGMPQIIXMRKW &%'/+6392(
8LI QMPPMSR MR 4IVQERIRX 0SGEP ,SYWMRK %PPSGEXMSR
40,%
[EW TYFPMWLI H
MR E ¾2SXMGI SJ *YRHMRK %ZEMPEFMPMX]¿
23*%
SR 1E] )RXMXPIQIRX ER H
2SRIRXMXPIQIRX PSGEP KSZIVRQIRXW EVI IPMKMFPI JSV E TVIHIJMRIH JSVQYPE EPPS GEXMSR EW HIJMRIH MR XLI 23*% 'EPMJSVRME¼W =IEV )WXMQEXI SJ *YRHMR K ETTSVXMSRQIRX JSV 'MX] SJ 1IVGIH MW
8LI 40,% 23*% MW E RSRGSQTIXMXMZI ETTPMGEXMSR XLEX QYWX FI YWIH XS GEVV] SYX SRI SV QSVI IPMKMFPI EGXMZMXMIW XLEX TVMSVMXM^I MRZIWXQIRXW XLEX MRGVIEW I XLI WYTTP] SJ LSYWMRK JSV LSYWILSPHW [MXL MRGSQIW EX SV FIPS[ TIVGIRX SJ %1- ERH EVI GSRWMWXIRX [MXL XLI TVSKVEQ WIX JSVXL MR XLI PSGEP KSZIVRQIRX¼W ,SYWMRK )P IQIRX 0SGEP KSZIVRQIRXW QYWX EHSTX E JMZI]IEV TPER MHIRXMJ]MRK XLI TVSTSWIH EG XMZ MXMIW ERH XLI TIVGIRXEKI JSV JYRHMRK XLEX [MPP FI EPPSGEXIH XS IEGL XLI RYQ FIV SJ LSYWILSPHW XS FI WIVZIH EX IEGL MRGSQI PIZIP XLI TIVMSH SJ EJJSVHEFMPMX ] ERH PIZIP SJ EJJSVHEFMPMX] JSV IEGL EGXMZMX]
)0-+-&0) %'8-:-8-)7 92()6 8,) %&3:) %003'%8-32 -2 8,) 23*% '327-78 3*
XLI TVIHIZIPSTQIRX HIZIPSTQIRX EGUYMWMXMSR VILEFMPMXEXM SR ERH TVIWIVZEXMSR SJ QYPXMJEQMP] VIWMHIRXMEP PMZI[SVO SV VIRXEP LSYWMRK X LEX MW EJJSVH EFPI XS I\XVIQIP] PS[ ZIV] PS[ PS[ SV QSHIVEXIMRGSQI LSYWILSPHW Y TX S
TIVGIRX SJ %VIE 1IHMER -RGSQI
%1-
SV TIVGIRX SJ %1- MR ,MKLGSWX E V
IEW WII ETTIRHM\ & JSV E PMWX SJ ,MKLGSWX EVIEW
MRGPYHMRK RIGIWWEV] 3TI VEX
MRK WYFWMHMIW XLI TVIHIZIPSTQIRX HIZIPSTQIRX EGUYMWMXMSR VILEFMPM XEXMSR ERH TVIWIVZEXMSR SJ %JJSVHEFPI VIRXEP ERH S[RIVWLMT LSYWMRK MRGPYHMRK %GGI WWSV] ([IPPMRK 9RMXW
%(9W
XLEX QIIXW XLI RIIHW SJ E KVS[MRK [SVOJSVGI IEVRMRK YT XS TIVGIRX SJ %VIE 1IHMER -RGSQI
%1-
SV TIVGIRX SJ %1- MR ,MKLGSWX
EVIEW %(9W WLEPP FI EZEMPEFPI JSV SGGYTERG] JSV E XIVQ SJ RS PIWW XLER HE] W QEXGLMRK TSVXMSRW SJ JYRHW TPEGIH MRXS 0SGEP SV 6IKMSREP ,SYWMRK 8VYWX *YR HW QEXGLMRK TSVXMSRW SJ JYRHW EZEMPEFPI XLVSYKL XLI 0S[ ERH 1SHIVEXI-RGSQ I ,SYWMRK %WWIX *YRH 'ETMXEPM^IH 6IWIVZIW JSV 7IVZMGIW GSRRIGXIH XS XLI TV IW IVZEXMSR ERH GVIEXMSR SJ RI[ 4IVQERIRX 7YTTSVXMZI ,SYWMRK %WWMWXMRK TIV WSRW [LS EVI I\TIVMIRGMRK SV %X VMWO SJ LSQIPIWWRIWW %GGIWWMFMPMX] QSHMJMGEXM SRW MR 0S[IVMRGSQI
YT XS
TIVGIRX SJ %1-
3[RIVSGGYTMIH LSYWMRK )JJSVXW XS EG
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¼W 40,% TPER TVSTSWIW XS YXMPM^I JYRHMRK TVSZMHIH XS EWWMWX MR XLI HIZIP ST QIRX SJ QYPXMJEQMP] VIRXEP LSYWMRK XLEX MW EJJSVHEFPI XS I\XVIQIP] PS[ Z IV] PS[ PS[ SV QSHIVEXIMRGSQI LSYWILSPHW MRGPYHMRK RIGIWWEV] STIVEXMRK WYF WMHMIW [MXLMR XLI 'MX] SJ 1IVGIH
%((-8-32%0 -2*361%8-32 6)+%6(-2+ 8,) 49&0-' ,)%6-2+
8LI TYVTSWI SJ XLMW TYFPMG LIEVMRK MW XS KMZI XLI TYFPMG ER STTSVXYRMX] XS QEO I XLIMV GSQQIRXW ORS[R VIKEVHMRK [LEX X]TIW SJ IPMKMFPI EGXMZMXMIW JVSQ XLI IPM
KMFPI EGXMZMXMIW PMWXIH EFSZI
XLI 'MX] SJ 1IVGIH WLSYPH MRGPYHI MR XLI 40, % JMZI
]IEV TPER ERH XS HMWGYWW ERH ETTVSZI XLI TVSTSWIH TPER ERH ETTPMGEXMSR TVMSV XS WYFQMWWMSR XS XLI 7XEXI
-J ]SY EVI YREFPI XS EXXIRH XLI TYFPMG LIEVMRK FYX [SYPH PMOI XS WYFQMX E GSQQ IRX XS FI VIEH EX XLI QIIXMRK ]SY QE] IQEMP [VMXXIR GSQQIRXW XS GMX]GPIVO$GMX] SJ
QIVGIHSVK
PMQMX XS [SVHW SV PIWW
:SMGIQEMP GSQQIRXW GER FI WYFQMXX IH
RS PEXIV XLER TQ SR XLI HE] SJ XLI QIIXMRK F] GEPPMRK
XMQI PM QMX
SJ QMRYXIW
1IIXMRKW GER FI ZMI[IH SV PMWXIRIH XS PMZI EX XLI 'MX]¼W [IFWM XI
[[[GMX]SJQIVGIHSVK
*EGIFSSO 0MZI SV 'SQGEWX 4YFPMG %GGIWW 'LERRI P
-J ]SY VIUYMVI WTIGMEP EGGSQQSHEXMSRW XS TEVXMGMTEXI MR XLI TYFPMG LIEVMR K TPIEWI GSRXEGX XLI 'MX] 'PIVO¼W 3JJMGI 78 *PSSV 'MX] ,EPP ;IWX
XL 7 X
1IVGIH '%
SV ZME XIPITLSRI EX
-R EHHMXMSR XLI TVSTS WIH
40,% TPER [MPP FI EZEMPEFPI JSV VIZMI[ FIKMRRMRK 8LYVWHE] 2SZIQFIV
EX XLI 'MX] SJ 1IVGIH ,SYWMRK (MZMWMSR RH *PSSV 'MX] ,EPP FIX[IIR XLI LSY VW SJ
EQ ERH
TQ SR 1SRHE]¹*VMHE]
RSX MRGPYHMRK *IHIVEP LSPMHE]W
S V
SR XLI ,SYWMRK (MZMWMSR [IFWMXI
[[[GMX]SJQIVGIHSVKLSYWMRK
8LI 'MX] SJ 1IVGIH TVSQSXIW JEMV LSYWMRK ERH QEOIW EPP MXW TVSKVEQW EZEMPEFP I XS PS[ ERH QSHIVEXI MRGSQI JEQMPMIW VIKEVHPIWW SJ EKI VEGI GSPSV VIPMKMS R WI\ REXMSREP SVMKMR WI\YEP TVIJIVIRGI QEVMXEP WXEXYW SV LERHMGET 4YFPMWL (EXI
2SZIQFIV
-40
2SZ
*-'8-8-397 &97-2)77
2%1) 78%8)1)28
*-0) 23
8LI REQI
W
SJ XLI FYWMRIWW
IW
&EF]¼W 2YXVMXMSR
1%-0-2+ %((6)77
; + 7X 7YMX ' 0SW &ERSW 'E
-2
1IVGIH
-7
%6)
,)6)&= 6)+-78)6)( &=
8,) *3003;-2+ 3;2)6
7 2EWWIV 7EPIQ
(ERGIV ;E] 8YVPSGO 'E
8,-7 &97-2)77 -7 '32(9'8)( &=
'36436%8-32
6IKMWXVERX GSQQIRGIH XS
XVERWEGX FYWMRIWW YRHIV XLI *MGXMXMSYW
&YWMRIWW 2EQI
W
PMWXIH EFSZI SR
1E]
- ()'0%6) 8,%8 %00 3* 8,) -2*36
1%8-32 -2 8,-7 78%8)1)28 -7 869)
%2( '366)'8
7-+2%896) %2( 8-80)
2%77)6 7%0)1 46)7-()28
7 2EWWIV 7EPIQ
49679%28 83 +3:)621)28 '3()
7)'8-32
'
% 6)+-7
86%28 ;,3 ()'0%6)7 %7 869)
%2= 1%8)6-%0 1%88)6 49679%28
83 8,-7 7)'8-32 8,%8 8,) 6)+
-786%28 /23;7 83 &) *%07) -7
+9-08= 3* % 1-7()1)%236 492
-7,%&0) &= % *-2) 238 83 )<'))(
32) 8,397%2( (300%67
*-0)( ;-8, 0)% ,30+9-2 1)6')(
'3928= '0)6/ &= 1%88 , 1%=
()498= 32 23:)1&)6
238-') 8,-7 78%8)1)28 )<4-6)7
32 23:)1&)6 % 2);
78%8)1)28 1978 &) *-0)( 46-36
83 8,) )<4-6%8-32 (%8) 8,) *-0
-2+ 3* 8,-7 78%8)1)28 (3)7 238
3* -87)0* %98,36->) 8,) 97) -2
8,-7 78%8) 3* % *-'8-8-397 &97-
2)77 2%1) -2 :-30%8-32 3* 8,)
6-+,87 3* %238,)6 92()6 *)(
)6%0 78%8) 36 '31132 0%;
7))
7)'8-32 )8 7)5 &97-2)77
463*)77-327 '3()
-40
2SZ
(IG
)
78%8) 7%0)
2SVXL[SSH (V
8SSXLTMGO GSPPIGXMFPIW &YRR GSJJII
QEOIV PIEXLIV VIGPMRIVW PIEXLIV PS
ZIWIEX GSPPIGXMFPI WTSSRW [EWLIV
HV]IV TEXMS JYVR ERXMUYIW WIGVIXEV]
ERXMUYI TMXGLIV
FS[P WIXW OMRK FIH
QMGVS[EZI HVIWWIVW
GLIWX SJ HVE[
IVW FYJJIX ERXMUYI [EPP TLSRI FYXXIV
GLYVRW QMWG (ERMWL ERXMUYI WMJXIV MGI
FYGOIX
QSVI GEWX MVSR GSPPIGXMFPIW
:MGXVSPE 1EWOW EVI VIUYMVIH *VM
7EX
EQ XMP TQ
238-') 3*- 28)288 3 %(348
% 1-8-+%8)( 2)+%8-:) ()'
0%6%8-32
-R EGGSVHERGI [MXL 7IGXMSR SJ
XLI 'EPMJSVRME )RZMVSRQIRXEP 5YEPMX]
%GX +YMHIPMRIW XLMW RSXMGI MW XS MRJSVQ
XLI KIRIVEP TYFPMG XLEX XLI 'MX] SJ %X
[EXIV LEW GSQTPIXIH ER -RMXMEP 7XYH]
ERH 1MXMKEXIH 2IKEXMZI (IGPEVEXMSR
-712(
JSV XLI 9RMZIVWMX] 4EVO 7YF
HMZMWMSR 4VSNIGX ERH MRXIRHW XS EHSTX
XLI -712( 8LI 9RMZIVWMX] 4EVO 7YF
HMZMWMSR 4VSNIGX JMPIH F] .MQ &VMWGS
)RXIVTVMWIW -RG
%TTPMGERX
TVSTSWIW
XLI HIZIPSTQIRX SJ WMRKPIJEQMP]
PSXW
H[IPPMRK YRMXW TIV EGVI
XS
SGGYT] n
EGVIW
KVSWW
SJ XLI
XSXEP n
EGVIW PSGEXIH IEWX SJ 'VIWX
6SEH ERH FIX[IIR 7ERXE *I (VMZI ERH
)EWX &IPPIZYI 6SEH
TSVXMSR SJ %42
ERH [IWX SJ 'VIWX 6SEH
ERH FIX[IIR 7ERXE *I (VMZI ERH )EWX
&IPPIZYI 6SEH
TSVXMSR SJ %42W
% 1EWXIV 4PER LEW EPWS
FIIR JMPIH KMZIR XLEX XLI WYFNIGX WMXI
LEW E 4PERRIH (IZIPSTQIRX
4(
^SR
MRK HIWMKREXMSR ERH QSHMJMGEXMSRW XS
TVSTIVX] HIZIPSTQIRX WXERHEVHW EVI
TVSTSWIH F] XLI TVSNIGX
8LI 4VSNIGX EPWS TVSTSWIW X[S
TEVOW E EGVI TEVO ERH E
EGVI TEVO ERH [MPP GSRXEMR E EGVI
FEWMR [MXLMR XLI VIWMHIRXMEP WYFHMZM
WMSR 8LI ETTPMGERX LEW EPWS JMPIH E
+IRIVEP 4PER EQIRHQIRX ERH E PSX
PMRI EHNYWXQIRX XS GLERKI E WQEPP
TSVXMSR SJ XLI WMXI JVSQ GSQQIVGMEP XS
QYPXMJEQMP] VIWMHIRXMEP JSV E JYXYVI HI
ZIPSTQIRX
RSX TVSTSWIH EX XLMW XMQI
% HIZIPSTQIRX EKVIIQIRX FIX[IIR
XLI ETTPMGERX ERH XLI GMX] [MPP EPWS FI
TEVX SJ XLI TVSNIGX
8LI -712( MW EZEMPEFPI XS MRXIVIWXIH
EKIRGMIW ERH QIQFIV SJ XLI TYF
PMG JSV VIZMI[ ERH GSQQIRX HYVMRK
VIKYPEV FYWMRIWW LSYVW EX XLI 'MX] SJ
%X[EXIV 'MX] ,EPP &IPPIZYI 6SEH
%X[EXIV '%
ERH SR XLI 'MX]
SJ %X[EXIV ;IFWMXI [[[EX[EXIVSVK
TYFPMGRSXMGIW % HE] TYFPMG VI
ZMI[ TIVMSH [MPP FIKMR SR 2SZIQFI V
ERH GSRGPYHI SR (IGIQFI V
% QIIXMRK SJ XLI 'MX] SJ %X[E
XIV 4PERRMRK 'SQQMWWMSR MW XIRXEXMZIP]
WGLIHYPIH XS FI LIPH XS GSRWMHIV XLI
VIGSQQIRHEXMSR SJ ETTVSZEP SJ XLI
-712( EX 'MX] ,EPP SR (IGIQFIV
SV EW WSSR XLIVIEJXIV *SV MRJSV
QEXMSR TPIEWI GEPP +VIK 8LSQTWSR
'MX] SJ %X[EXIV 4YFPMG ;SVOW'SQ
QYRMX] (IZIPSTQIRX (MVIGXSV EX
-40
2SZ
=EVH7 EPI ) +VERX 6SEH
)P 2MHS
7EX 2SZ
7YR 2SZ
/MRK
UYIIR FIHW
XZ W[EQT GSSPIV TMGRMG XEFPI FEX
XIV]STIVEXIH QS[IV
QMWG
%X[EXIV7LEJJIV 0EOIW
FIH FEXL
*-'8-8-397 &97-2)77
2%1) 78%8)1)28
*-0) 23
8LI REQI
W
SJ XLI FYWMRIWW
IW
%QIVMGER 4S[IV ;EWLMRK
1%-0-2+ %((6)77
&VII^I[E] 0ERI
1IVGIH '%
-2
1IVGIH
-7
%6)
,)6)&= 6)+-78)6)( &=
8,) *3003;-2+ 3;2)6
7 8MQ 7 1EVMWGEP
&VII^I[E] 0ERI
1IVGIH '%
8,-7 &97-2)77 -7 '32(9'8)( &=
-2(-:-(9%0
6IKMWXVERX GSQQIRGIH XS
XVERWEGX FYWMRIWW YRHIV XLI *MGXMXMSYW
&YWMRIWW 2EQI
W
PMWXIH EFSZI SR
2SZIQFIV
- ()'0%6) 8,%8 %00 3* 8,) -2*36
1%8-32 -2 8,-7 78%8)1)28 -7 869)
%2( '366)'8
7-+2%896) %2( 8-80)
8-1 1%6-7'%0 6)+-786%28
7 8MQSXL] 7GSXX 1EVMWGEP
49679%28 83 +3:)621)28 '3()
7)'8-32
'
% 6)+-7
86%28 ;,3 ()'0%6)7 %7 869)
%2= 1%8)6-%0 1%88)6 49679%28
83 8,-7 7)'8-32 8,%8 8,) 6)+
-786%28 /23;7 83 &) *%07) -7
+9-08= 3* % 1-7()1)%236 492
-7,%&0) &= % *-2) 238 83 )<'))(
32) 8,397%2( (300%67
*-0)( ;-8, 1%88 , 1%= 1)6')(
'3928= '0)6/ &= 6)&)''% %
1923> ()498= 32 23:)1&)6
238-') 8,-7 78%8)1)28
)<4-6)7 32
23:)1&)6
% 2); 78%8)1)28 1978 &) *-0)(
46-36 83 8,) )<4-6%8-32 (%8)
8,) *-0-2+ 3* 8,-7 78%8)1)28
(3)7 238 3* -87)0* %98,36->)
8,) 97) -2 8,-7 78%8) 3* % *-'
8-8-397 &97-2)77 2%1) -2 :-30%
8-32 3* 8,) 6-+,87 3* %238,)6
92()6 *)()6%0 78%8) 36 '31
132 0%;
7)) 7)'8-32 )8
7)5 &97-2)77
463*)77-327
'3()
-40
2SZ
(IG
7LIPPIH EPQSRHW
[EPRYXW HVMIH
RIGXEVMRIW TIEGLIW
TPYQ TVYRIW
TIVP F
SV
+EV] ' +VELEQ 1( [SYPH PMOI XS
ERRSYRGI LMW VIXMVIQIRX JVSQ XLI
TVEGXMGI SJ STLXLEPQSPSK] SR (IGIQ
FIV =SY QE] SFXEMR ]SYV
QIHMGEP VIGSVHW SV LEZI XLIQ XVERW
JIVVIH XS E TL]WMGMER SJ ]SYV GLSMGI
F] GSRXEGXMRK SYV SJJMGI F] XIPITLSRI
EX
%JXIV (IGIQFIV
[VMXXIR VIUYIWXW WLSYPH FI WIRX
XS 43 &3<
1IVGIH '%
;VMXXIR VIUYIWXW JSV VIGSVHW QYWX
MRGPYHI E GSRXEGX XIPITLSRI RYQFIV
-
X LEW FIIR ET PIEWYVIW IVZMRK ]SY
6)59)78* 36 &-( 46 3437%0
8LI 0MZMRKWXSR 9RMSR 7GLSSP (MWXVMGX
097(
TPERW XS ETTP] JSV ZEVMSYW IP
MKMFPI WIVZMGIW JSV )6EXI =IEV
8LI )6EXI =IEV [MPP WXEVX .YP]
ERH IRH .YRI 8LI VI
GYVVMRK WIVZMGIW JSV )6EXI =IEV
QE] WXEVX EW IEVP] EW ERH
IRH
SV FI]SRH JSV GSR
XVEGXW YT XS ]IEVW
8LMW 6IUYIWX JSV 4VSTSWEP
6*4
WIVZIW EW RSXMGI XLEX 097( [MPP EGGITX
FMH TVSTSWEPW JVSQ UYEPMJMIH ZIRHSVW
JSV RIX[SVO IUYMTQIRX
097( VIWIVZIW XLI VMKLX XS EGGITX
SV VINIGX ER] SV EPP FMHW SV ER] MXIQW
XLIVIMR XS [EMZI ER] MVVIKYPEVMXMIW S V
MRJSVQEPMXMIW ERH XS GSRXVEGX MR XLI
FIWX MRXIVIWXW SJ 097(
8LI FMH HSGYQIRXW QYWX FI VIGIMZIH
F] ;IHRIWHE] .ERYEV]
EX
41
4EGMJMG
SV
IEVPMIV MR E WIEPIH IRZIPSTI MHIRXM
JMIH F] FMH MHIRXMJMIV ¾ 097( )6EXI
=IEV 6*4 &MH 097(
)6%8)¿ ERH EHHVIWWIH
XS %RHVIW >EQSVE 7YTIVMRXIRHIRX
0MZMRKWXSR 9RMSR 7GLSSP (MWXVMGX
& 7XVIIX 0MZMRKWXSR '%
:IRHSVW QE] VIUYIWX E GST] SJ XLI 6*4
JVSQ (MGO 'LEM F] GEPPMRK
SV F] IQEMPMRK HGLEM$QGSI
SVK [MXL E WYFNIGX PMRI SJ ¾6IUYIW
X
JSV 097( )6EXI =IEV 6* 4
&MH 097()6%8)¿
8LMW 6*4 MW PIX TYVWYERX XS
4YFPMG 'SRXVEGX 'SHIW
ERH
%PP TYFPMG [SVOW TVSNIGXW WLEPP
FI WYFNIGX XS GSQTPMERGI QSR
MXSVMRK ERH IRJSVGIQIRX F] XLI
HITEVXQIRX SJ MRHYWXVMEP VIPE
XMSRW
4YVWYERX XS 'EPMJSVRME 0EFSV
'SHI WIGXMSRW ERH
EPP TYFPMG [SVOW GSR
XVEGXSVW ERH WYFGSRXVEGXSVW
QYWX FI VIKMWXIVIH [MXL XLI HI
TEVXQIRX SJ MRHYWXVMEP VIPEXMSRW
%RHVIW >EQSVE
7YTIVMRXIRHIRX 0MZMRKWXSR 9RMSR
7GLSSP (MWXVMGX
-40
2SZ
*-
'8-8-397 &97-2)77
2%1) 78%8)1)28
*-0) 23
8LI REQI
W
SJ XLI FYWMRIWW
IW
8LI 'S^] 'SVRIV
1%-0-2+ %((6)77
2 0MRGSPR &PZH 0MZMRKWXSR 'E
-2
1IVGIH
-7
%6)
,)6)&= 6)+-78)6)( &=
8,) *3003;-2+ 3;2)6
7 :MGXSVME 7XEV (EFRI]
6SFMRLSSH 0ERI 1IVGIH 'E
8,-7 &97-2)77 -7 '32(9'8)( &=
-2(-:-(9%0
6IKMWXVERX GSQQIRGIH XS
XVERWEGX FYWMRIWW YRHIV XLI *MGXMXMSYW
&YWMRIWW 2EQI
W
PMWXIH EFSZI SR
2SZIQFIV
- ()'0%6) 8,%8 %00 3* 8,) -2*36
1%8-32 -2 8,-7 78%8)1)28 -7 869)
%2( '366)'8
7-+2%896) %2( 8-80)
:-'836-% (%&2)= 6)+-786%28
7 :MGXSVME (EFRI]
49679%28 83 +3:)621)28 '3()
7)'8-32
'
% 6)+-7
86%28 ;,3 ()'0%6)7 %7 869)
%2= 1%8)6-%0 1%88)6 49679%28
83 8,-7 7)'8-32 8,%8 8,) 6)+
-786%28 /23;7 83 &) *%07) -7
+9-08= 3* % 1-7()1)%236 492
-7,%&0) &= % *-2) 238 83 )<'))(
32) 8,397%2( (300%67
*-0)( ;-8, 1%88 , 1%= 1)6')(
'3928= '0)6/ &= 1%88 , 1%=
()498= 32 23:)1&)6
238-') 8,-7 78%8)1)28 )<4-6)7
32 23:)1&)6 % 2);
78%8)1)28 1978 &) *-0)( 46-36
83 8,) )<4-6%8-32 (%8) 8,) *-0
-2+ 3* 8,-7 78%8)1)28 (3)7 238
3* -87)0* %98,36->) 8,) 97) -2
8,-7 78%8) 3* % *-'8-8-397 &97-
2)77 2%1) -2 :-30%8-32 3* 8,)
6-+,87 3* %238,)6 92()6 *)(
)6%0 78%8) 36 '31132 0%;
7))
7)'8-32 )8 7)5 &97-2)77
463*)77-327 '3()
-40
2SZ
)6-
'/ . 86)) 7)6:-')7
0-'
4EPQ 8VII 'PIERYT 8VMQQMRK
8VII 6IQSZEP ,EYPMRK
7XYQT +VMRHMRK
*6)) )78-1%8)7
IVMGONXVIIWIVZMGIW$KQEMPGSQ
78%8)1)28 3*
%&%2(321)28
*631 97) 3*
*-'8-8-397
&97-2)77 2%1)
*-0) 23
8LI JSPPS[MRK TIVWSR
W
LEW
LEZI
EFERHSRIH XLI YWI SJ XLI JSPPS[MRK
JMGXMXMSYW FYWMRIWW REQI
W
SJ
,YVXEHS %YXSQSXMZI
%X FYWMRIWW EHHVIWW
-RHYWXVMEP (V 7YMXI *
0MZMRKWXSR '%
8LI JMGXMXMSYW FYWMRIWW REQI VIJIVVIH
XS EFSZI [EW JMPIH MR XLI SJJMGI SJ XLI
'SYRX] SR
8LI JYPP REQI ERH VIWMHIRGI EHHVIWW
SJ XLI TIVWSR
W
EFERHSRMRK XLI
YWI SJ XLI PMWXIH JMGXMXMSYW FYWMRIWW
REQI
W
MW
EVI
*IVRERHS ,YVXEHS
3EO[SSH ;E]
0MZMRKWXSR '%
8LMW FYWMRIWW GSRHYGXIH F]
-RHMZMH
YEP
- *IVRERHS ,YVXEHS (IGPEVI XLEX EPP SJ
XLI MRJSVQEXMSR MR XLMW WXEXIQIRX MW XVYI
ERH GSVVIGX
W *IVRERHS ,YVXEHS
4YVWYERX XS +SZIVRQIRX 'SHI 7IG
XMSR
G
% VIKMWXVERX [LS
HIGPEVIW EW XVYI ER] QEXIVMEP QEXXI V
TYVWYERX XS XLMW WIGXMSR XLEX XLI VIK
MWXVERX ORS[W XS FI JEPWI MW KYMPX] SJ
E QMWHIQIERSV TYRMWLEFPI F] E JMRI
RSX XS I\GIIH SRI XLSYWERH HSPPEVW
8LMW 7XEXIQIRX [EW JMPIH TYVWYERX XS
7IGXMSR
SJ XLI &YWMRIWW ERH
4VSJIWWMSR 'SHI
8LMW EFERHSRQIRX [EW JMPIH [MXL XLI
'SYRX] SR
2SXMGI 4YVWYERX XS 7IGXMSR
SJ
XLI FYWMRIWW ERH TVSJIWWMSRW GSHI
8LMW WXEXIQIRX SJ EFERHSRQIRX SJ
YWI SJ JMGXMXMSYW FYWMRIWW REQI QYWX
FI TYFPMWLIH MR E RI[WTETIV SRGI E
[IIO JSV JSYV WYGGIWWMZI [IIOW 8LI
JMVWX TYFPMGEXMSR HEXI QYWX FI [MXLMR
XLMVX]
HE]W JVSQ HEXI SJ JMPMRK ERH
ER EJJMHEZMX SJ TYFPMGEXMSR JMPIH [MXL XLI
'SYRX] 'PIVO [MXLMR
HE]W EJXI V
TYFPMGEXMSR LEW FIIR EGGSQTPMWLIH
8LI WXEXIQIRX WLSYPH FI TYFPMWLIH MR
E RI[WTETIV SJ KIRIVEP GMVGYPEXMSR MR
XLI GSYRX] [LIVI XLI TVMRGMTEP TPEGI
SJ FYWMRIWW MW PSGEXIH 8LI WXEXIQIRX
WLSYPH FI TYFPMWLIH MR WYGL GSYRX]
MR E RI[WTETIV XLEX GMVGYPEXIW MR XLI
EVIE [LIVI XLI FYWMRIWW [EW GSR
HYGXIH
?7IGXMSR
&YWMRIWW ERH 4VSJIW
WMSRW 'SHIA
%R] TIVWSR [LS I\IGYXIW JMPIW
SV TYFPMWLIW ER] WXEXIQIRX YRHI V
'LETXIV
GSQQIRGMRK [MXL 7IG
XMSR
4EVX SJ (MZMWMSR SJ
XLI &YWMRIWW ERH 4VSJIWWMSRW 'SHI
ORS[MRK XLEX WYGL WXEXIQIRX MW JEPWI
MR [LSPI SV MR TEVX WLEPP FI KYMPX] SJ
E QMWHIQIERSV ERH YTSR GSRZMGXMSR
XLIVISJ WLEPP FI TYRMWLIH F] E JMRI RSX
XS I\GIIH JMZI LYRHVIH HSPPEVW
?7IGXMSR
&YWMRIWW ERH 4VSJIW
WMSRW 'SHIA
*MPIH [MXL 1EXX , 1E] 1)6')(
'3928= '0)6/ F] :]SRRMI 2YRI^
()498=
-40
2SZ
*-
'8-8-397 &97-2)77
2%1) 78%8)1)28
*-0) 23
8LI REQI
W
SJ XLI FYWMRIWW
IW
1EW 6IEPX] 7UYMVI %ZI
(SW 4EPSW '%
'SYRX] SJ
1IVGIH
1EMPMRK %HHVIWW
7UYMVI %ZI
(SW 4EPSW '%
-W
EVI
LIVIF] VIKMWXIVIH F] XLI JSP
PS[MRK S[RIV
W
1EW *MRERGMEP 7IVZMGIW 00'
7UYMVI %ZI (SW 4EPSW '%
8LMW FYWMRIWW MW GSRHYGXIH F]
0MQMX
IH 0MEFMPMX] 'SQTER]
6IKMWXVERX GSQQIRGIH XS XVERWEGX
FYWMRIWW YRHIV XLI JMGXMXMSYW FYWMRIWW
REQI
W
PMWXIH EFSZI SR 2%
7MKREXYVI ERH 8MXPI
7 1EVXMR 7ERHSZEP 1EREKMRK 1IQ
FIV
8LMW WXEXIQIRX [EW JMPIH [MXL 1%88
, 1%= 1IVGIH 'SYRX] 'PIVO F] W
0IE >, ,SPKYMR (ITYX] SR 3GXSFIV
238-')
8LMW *MGXMXMSYW &YWMRIWW
2EQI 7XEXIQIRX I\TMVIW JMZI
]IEVW
JVSQ XLI HEXI SJ JMPMRK % RI[ JMGXMXMSYW
FYWMRIWW REQI QYWX FI JMPIH TVMSV XS
XLEX HEXI 8LI JMPMRK SJ XLMW WXEXIQIRX
HSIW RSX SJ MXWIPJ EYXLSVM^I XLI YWI MR
XLMW WXEXI SJ E JMGXMXMSYW FYWMRIWW REQI
MR ZMSPEXMSR SJ XLI VMKLXW SJ ERSXLIV YR
HIV JIHIVEP WXEXI SV GSQQSR PE[
7II
7IGXMSR IX WIU &YWMRIWW ERH
4VSJIWWMSRW 'SHI
'27
1)6')( 79278%6
-40
2SZ
*-
'8-8-397 &97-2)77
2%1) 78%8)1)28
*-0) 23
8LI REQI
W
SJ XLI FYWMRIWW
IW
+3(*3 40%22)6
1%-0-2+ %((6)77
(I %R^E ;E]
-2
1IVGIH
-7
%6)
,)6)&= 6)+-78)6)( &=
8,) *3003;-2+ 3;2)6
7 (IFVE +SHJVI]
(I %R^E ;E]
8,-7 &97-2)77 -7 '32(9'8)( &=
-2(-:-(9%0
6IKMWXVERX GSQQIRGIH XS
XVERWEGX FYWMRIWW YRHIV XLI *MGXMXMSYW
&YWMRIWW 2EQI
W
PMWXIH EFSZI SR
3GXSFIV
- ()'0%6) 8,%8 %00 3* 8,) -2*36
1%8-32 -2 8,-7 78%8)1)28 -7 869)
%2( '366)'8
7-+2%896) %2( 8-80)
()&6% +3(*6)= 3;2)6
7 (IFVE +SHJVI]
49679%28 83 +3:)621)28 '3()
7)'8-32
'
% 6)+-7
86%28 ;,3 ()'0%6)7 %7 869)
%2= 1%8)6-%0 1%88)6 49679%28
83 8,-7 7)'8-32 8,%8 8,) 6)+
-786%28 /23;7 83 &) *%07) -7
+9-08= 3* % 1-7()1)%236 492
-7,%&0) &= % *-2) 238 83 )<'))(
32) 8,397%2( (300%67
*-0)( ;-8, 1%88 , 1%= 1)6')(
'3928= '0)6/ &= 0)% > ,,30
+9-2 ()498= 32 3'83&)6
238-') 8,-7 78%8)1)28
)<4-6)7 32
3'83&)6 %
2); 78%8)1)28 1978 &) *-0)(
46-36 83 8,) )<4-6%8-32 (%8)
8,) *-0-2+ 3* 8,-7 78%8)1)28
(3)7 238 3* -87)0* %98,36->)
8,) 97) -2 8,-7 78%8) 3* % *-'
8-8-397 &97-2)77 2%1) -2 :-30%
8-32 3* 8,) 6-+,87 3* %238,)6
92()6 *)()6%0 78%8) 36 '31
132 0%;
7)) 7)'8-32 )8
7)5 &97-2)77
463*)77-327
'3()
-40
3GX
2SZ
463 6%-2 +988)6 '0)%2-2+
%PWS
6ITEMV ERH +YXXIV +YEVH 0MG
ERH -RW 'EPP (EZI
,SYVW E (E] (E]W E ;IIO
12/27/21, 2:11 PM Housing Division | Merced, CA
https://www.cityofmerced.org/departments/economic-development/housing-division/-fsiteid-1 1/5 Housing Division
11-18-2021 - INTERESTED RESIDENTS AND AGENCIES: On May 3 , 2021, the California Department of Housing and Community Development (HCD) released a Notice of Funding Availability (NOFA) for approximately $304 million in funding for the Permanent Local Housing Allocation (PLHA) Program for Entitlement and Non-entitlement Local governments [the City of Merced is an entitlement local government]. This NOFA is funded from funds deposited in the Building Homes and Jobs Trust Fund (Fund) beginning in 2019, pursuant to Senate Bill (SB) 2 (Chapter 364, Statutes of 2017). SB 2 established the Fund and authorized HCD to allocate 70 percent of funds collected and deposited in the Fund, beginning in calendar year 2019, to Local governments for eligible housing and homelessness activities. The intent of the bill is to provide a permanent, on-going source of funding to Local governments for housing related projects and programs that assist in addressing the unmet housing needs of their communities.
The PLHA NOFA is a noncompetitive application that must be used to carry out one or more eligible activities that prioritize investments that increase the supply of housing for households with incomes at or below 60 percent of AMI and are consistent with the program set forth in the local government’s Housing Element.
Local governments must adopt a five-year plan identifying the proposed activities and the percentage for funding that will be allocated to each, the number of households to be served at each income level, the period of affordability, and level of affordability for each activity.
The City of Merced will be submitting an application to HCD by December 31, 2021, for the PLHA funds that have been allocated to the City of Merced, which comprise of 2019 and 2020 Funds totaling $1,324,969, as well as an estimated future allocation of approximately $1,787,345 for years 2021 through 2023.
As required, the City has prepared a DRAFT PLHA Five-Year Plan (link below) and invites the review and comment by the Public during a Public Comment Period to be held from 8:00 a.m. Thursday, November 18 to 5:00 p.m. December 5, 2021. Comments may be delivered in person or by U.S. Mail to: City of Merced Housing Division, 2nd Floor City Hall, 678 W. 18th Street, Merced, or by email to:
[email protected].
The proposed DRAFT PLHA Plan can be viewed in person in the Housing Division at the address noted, or via this link (document is downloadable): City of Merced DRAFT PLHA Plan and PLHA Re-Use Plan
We look forward to receiving your comments and to your attendance at the December 20, 2021, Public Hearing (see separate bullet point below), when the City Council will be asked to approve Resolutions adopting the DRAFT PLHA Plan and to authorize the submittal of the PLHA Application and PLHA Plan to HCD.
Thank you for your interest and participation.
12/27/21, 2:11 PM Housing Division | Merced, CA
https://www.cityofmerced.org/departments/economic-development/housing-division/-fsiteid-1 2/5 11-17-2021 - PUBLIC NOTICE - NOTICE OF PUBLIC HEARING - A Housing Division-related Public Hearing Notice is posted HERE, and will be published in the 11/18/21 editions of the Merced Sun-Star and Merced County Times newspapers, regarding the City of Merced's proposed application to the California Department of Housing and Community Development Department (HCD) Permanent Local Housing Allocation (PLHA) Program and notifying the public of the related PUBLIC HEARING to be held December 20, 2021, at the City Council Meeting, 6pm. Please see the linked notice for further information. A separate link to view the City's PLHA Plan is posted in the separate bullet point above this one. 11-11-2021 - FINAL NOTICE & PUBLIC EXPLANATION OF A PROPOSED ACTIVITY IN A FLOODPLAIN (Opportunity for Comment through 5pm on 11/19/21) -- This notice will be published in the Merced County Times and Merced Sun-Star on 11/11/21, providing interested agencies, groups, and individuals with the City's public explanation regarding this activity and an opportunity to comment.
11-8-2021 (link updated 11-15-21) - POSTED: 8-STEP ANALYSIS OF A PROPOSED ACTIVITY IN A FLOODPLAIN (1890 CALIMYRNA AVENUE, MERCED)
10-14-2021 - EARLY NOTICE AND PUBLIC REVIEW OF A PROPOSED ACTIVITY IN A 100- YEAR FLOODPLAIN - The City is assisting Sierra Saving Grace Homeless Project with the acquisition and rehabilitation of a two-unit/duplex residential property at 1890 Calimyrna Avenue, Merced, through the provision of 2020 HUD CDBG and HOME funds. Please see this link for the complete scope of work involved. The existing garage will be converted to a third unit, which is triggering an 8-Step Process under 24 CFR Part 55 (Floodplain Management), since the property is located in a AO (1-ft depth) floodplain (flood zone). The public is invited to comment on the decision-making process involving this action during a 15-day period (10/14 - 10/29/21). Please see the notice linked above for how to submit your comment. 8-27-2021 - The first draft of the 2020 CAPER is posted. Please navigate to the CAPER page as explained directly below to view, or click HERE.
8-13-2021 - 2020 CAPER: We are beginning our 2020 Consolidated Annual Performance and Evaluation Report (CAPER) process. Please find the CAPER webpage link under the "Housing Reports and Plans" tab in the navigation menu to the left, where there is information posted. 8-13-2021 - UPDATE: 2021 Annual Action Plan: The 2021 Annual Plan was approved by City Council on 7-6-2021. We are currently working with HUD for their approval of proposed funding. The final approved plan will be posted on the Annual Action Plan page on the navigation menu to the left under "Housing Reports & Plans" once it is approved and finalized. Thank you to the Merced City residents, non- profit organizations, and agencies that participated in some way this year. We appreciate and value your input!
Other Updates:
From: Levesque, Jennifer
To: Nutt, Kim; Tresidder, John
Subject: RE: Public Hearing Notice for 12/20 meeting
Date: Thursday, November 18, 2021 8:03:53 AM
Done!
From: Nutt, Kim <[email protected]>
Sent: Wednesday, November 17, 2021 6:11 PM
To: Levesque, Jennifer <[email protected]>; Tresidder, John <[email protected]>
Subject: Public Hearing Notice for 12/20 meeting
Hi there,
Could we get the attached Public Hearing Notice posted to the City Clerk PHN webpage tomorrow? This is for the Permanent Local Housing Allocation (PLHA) item that will be on the 12/20 CC agenda.
Scott’s has started working on the Admin Report.
Thanks!
Kim Nutt
Housing Program Supervisor
City of Merced Housing Division | Development Services Department 678 W. 18
th Street | Merced, California 95340
Main: 209-385-6863 | Direct: 209-388-8988 | eFax: 209-388-7317 www.cityofmerced.org | [email protected]
What does Housing do? Check us out here: www.cityofmerced.org/housing
12/27/21, 10:47 AM Public Notices | Merced, CA
https://www.cityofmerced.org/departments/economic-development/housing-division/public-notices 1/1 Public Notices
11-18-2021: Public Notice - Notice of 12/20/2021 Public Hearing for the CA HCD Permanent Local Housing Allocation Program Application
10-14-2021 Early Notice and Public Review of a Proposed Activity in a 100-Year Floodplain 8-13-2021 Invitation to Public Meeting and Notice of Opportunity for Public Review and Comment Regarding the 2020 Consolidated Annual Performance and Evaluation Report (CAPER) - English 8-13-2021 INVITACIÓN A UNA REUNIÓN PÚBLICA Y AVISO DE OPORTUNIDAD DE REVISIÓN Y COMENTARIOS PÚBLICOS SOBRE EL INFORME DE EVALUACIÓN Y DESEMPEÑO ANUAL CONSOLIDADO 2020 (CAPER) -Spanish
8-13-2021 CAW TUAJ KOOM PEJ XEEM LUB ROOJ SIB THAM THIAB CEEB TOOM RAU PEJ XEEM THIAB MUAB LUS NOOG TXOG XYOO 2020 LUB LUAG HAUJ LWM TAU UA LOS LAWM THIAB LOS SAIB DAIM NTAWV NTSUAM XYUAS (CAPER) - Hmong
CITY OF MERCED
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the City of Merced will conduct a public hearing on December 20, 2021 at 6:00 PM, at the Council Chambers of the Merced City Hall located at 678 W 18th St, Merced, CA 95340, in order to discuss an application for funding under the California Department of Housing and Community Development Department Permanent Local Housing Allocation Program and to solicit citizen input on the County’s proposed five-year plan activities to be included in the application.
PUBLIC HEARING
DATE: December 20, 2021
TIME: 6:00 PM
PLACE: Merced City Hall Council Chambers (2ND Floor)
678 W 18th St, Merced, CA 95340
FOR AGENDA & PARTICIPATION INSTRUCTIONS:
https://www.cityofmerced.org/departments/city-clerk/council-meetings
BACKGROUND:
The $304 million in Permanent Local Housing Allocation (PLHA) was published in a “Notice of Funding Availability” (NOFA) on May 3, 2021. Entitlement and Non- entitlement local governments are eligible for a predefined formula allocation as defined in the 2021 NOFA. California’s 5- Year Estimate of Funding apportionment for City of Merced is $3,112,314.
The PLHA NOFA is a noncompetitive application that must be used to carry out one or more eligible activities that prioritize investments that increase the supply of housing for households with incomes at or below 60 percent of AMI and are consistent with the program set forth in the local government ’s Housing Element. Local governments must adopt a five-year plan identifying the proposed activities and the percentage for funding that will be allocated to each, the number of households to be served at each income level, the period of affordability, and level of affordability for each activity.
ELIGIBLE ACTIVITIES UNDER THE ABOVE ALLOCATION IN THE 2021 NOFA CO NSIST OF: t he predevelopment, development, acquisition, rehabilitation, and preservation of multifamily, residential live- work, or rental housing that is affordable to extremely low-, very low-, low-, or moderate-income households (up to 120 percent of Area Median Income (AMI), or 150 percent of AMI in High- cost areas - see appendix B for a list of High-cost areas), including necessary Operating subsidies ; the predevelopment, development, acquisition, rehabilitation, and preservation of Affordable rental and ownership housing, including Accessory Dwelling Units (ADUs), that meets the needs of a growing workforce earning up to 120 percent of Area Median Income (AMI), or 150 percent of AMI in High- cost areas. ADUs shall be available for occupancy for a term of no less than 30 days; matching portions of funds placed into Local or Regional Housing Trust Funds; matching portions of funds available through the Low - and Moderate -Income Housing Asset Fund; Capitalized Reserves for Services connected to the preservation and creation of new Permanent Supportive Housing; Assisting persons who are experiencing or At risk of homelessness; Accessibility modifications in Lower-income (up to 80 percent of AMI) Owner-occupied housing; Efforts to acquire and rehabilitate forecl osed or vacant homes and apartments; Homeownership opportunities, including, but not limited to, down payment assistance; Fiscal incentives made by a county to a city within the county to incentivize approval of one or more Affordable housing projects, or matching funds invested by a county in an Affordable housing development project in a city within the county, provided that the city has made an equal or greater investment in the project.
The City of Merced anticipates submitting an application under the NOFA published May 3, 2021 for the full five- year allocation of $3,112,314. The City of Merced’s PLHA plan proposes to utilize funding provided to assist in the development of multifamily rental housing that is affordable to extremely low-, very low-, low-, or moderate- income households, including necessary operating subsidies within the City of Merced.
ADDITIONAL INFORMATION REGARDING THE PUBLIC HEARING:
The purpose of this public hearing is to give the public an opportunity to make their comments known regarding what types of eligible activities (from the eligible activities listed above) the City of Merced should include in the PLHA five-year plan and to discuss and approve the proposed plan and application prior to submission to the State.
If you are unable to attend the public hearing but would like to submit a comment to be read at the meeting, you may email written comments to: [email protected] (limit to 300 words or less). Voicemail comments can be submitted no later than 1pm on the day of the meeting by calling (209) 388-8688 (time limit
of 3 minutes) . Meetings can be viewed or listened to live at the City’s website ( www.cityofmerced.org), Facebook Live, or Comcast Public Access Channel 96.
If you require special accommodations to participate in the public hearing, please contact the City Clerk’s Office, 1ST Floor City Hall, 678 West 18th St, Merced, CA 95340 or via telephone at (209) 388-8650. In addition, the proposed PLHA plan will be available for review beginning Thursday, November 18, 2021, at the City of Merced Housing Division, 2nd Floor City Hall, between the hours of 8:00 a.m. and 5:00 p.m. on Monday –Friday (not including Federal holidays), or on the Housing Division website: www.cityofmerced.org/housing.
The City of Merced promotes fair housing and makes all its programs available to low and moderate income families regardless of age, race, color, religion, sex, national origin, s exual preference, marital status or handicap.
Publish Date: November 18, 2021