Funding Sources

The following are the key funding sources that provide the majority of MVHO's revenue.

ADAMHS Funding

MVHO was originally created through the local Alcohol, Drug Addiction and Mental Health (ADAMHS) Board of Montgomery County. These uniquely Ohio local county boards are created to distribute mental health and chemical dependency funding to each county. Their funds include a local Medicaid match from the county as well as a portion of the county’s Human Services Levy. MVHO receives approximately $142,500 in these funds annually, through an annual application to the ADAMHS Board.

CHDO Funding

MVHO is a state certified Community Housing Development Organization (CHDO). This designation means that MVHO uses local community input to develop housing programs. It also allows us to apply for funding to be used toward development of our organization. This includes hardware, software, vehicles and maintenance, administrative staffing, training, marketing, planning, equipment, etc. MVHO currently has a three-year award from the Ohio Housing Finance Agency, for $50,000 per year beginning in July of 2009.

Continuum of Care (Shelter Plus Care) Funding

The largest portion of MVHO’s budget comes from the federal U.S. Department of Housing and Urban Development (HUD) Shelter Plus Care (S+C) Program. Most of this $2.5 million allocation is pass-through funding to landlords for rental subsidies (similar to the Section 8 Program). However, MVHO also has three allocations of these funds that pay rent subsidies at more than a hundred of our own apartments. We also receive an allocation of 8% of the total funding for administrative purposes.

Continuum of Care (Supportive Housing Program) Funding

In addition to the S+C funding, MVHO receives two grants from the federal U.S. Department of Housing and Urban Development (HUD) Supportive Housing (SHP & McKinney) Program. These funds cover a portion of operating costs at Ohio Commons and five other MVHO properties.

Ohio Department of Rehabilitation and Corrections (ODRC) Funding

MVHO is one of eight agencies chosen to administer a state demonstration program to house mentally ill persons exiting state prisons. We house nine tenants in units scattered throughout our buildings. ODRC covers the cost of tenants' services and rental subsidy until they can manage some of these costs on their own.

Montgomery County Funding

MVHO took over management of the old County Home -- now called New Hope Villa -- from Montgomery County in January of 2008. The transfer to MVHO means that the tenants are now eligible for Medicaid assistance and Section 8 through Dayton Metropolitan Housing Authority. This has lowered the county's cost for the project by more than $1.5 million per year. In exchange, the county has committed to funding the balance of the project's ongoing costs.

PATH Funding

MVHO has administered the federal PATH Program in Montgomery County for about 10 years. This federal mental health funding is allocated annually through the Ohio Department for Mental Health (ODMH) for homeless outreach. It covers the cost of staffing and expenses for three outreach staff at MVHO.

Homeless Prevention and Rapid Rehousing Funding

In 2010, MVHO received a three-year contract from the City of Dayton to provide inspection services for the Homeless Prevention and Rapid Rehousing (HPRR) Program. We receive a fee per inspection for the term of this temporary program.

Subsidy and Tenant Rent Funding

The second largest source of MVHO’s funding is rental payments for our apartments. Most tenants have some income and pay 30% of their adjusted income for rent. Some of the subsidies used to cover the balance of their rents are listed above, but we also have tenants who receive Section 8 through contracts directly with Dayton Metropolitan Housing Authority (DMHA) or with project-based contracts paid directly to MVHO. Additionally, some of our tenants get their subsidy from the Housing Assistance Program funded through the Ohio Department of Mental Health, through Eastway.

Development Funding Source

MVHO continues to develop new units of permanent, supportive housing. For this purpose, we apply to other sources of funding to purchase, renovate or build the units and cover soft costs. These funders include the Ohio Department of Mental Health Department of Planning and Management, the Federal Home Loan Bank of Cincinnati, Ohio Housing Finance Agency (Housing Development Fund and Low Income Housing Tax Credit Programs), Montgomery County HOME Funds, the Corporation for Supportive Housing, and City of Dayton HOME Funds. These are all competitive grants that are offered annually for future development.

Developer's Fees

Each time MVHO serves as the developer on a new project, we receive a one-time developer's fee for the work involved. This is usually 15% of the total cost of the project. While these funds are rare, they are unrestricted and create a reserve that can be used for future needs.