City Housing Programs

“Encouraging Homeownership andReinvestment in our Neighborhoods”

Overview

• Neighborhood Stabilization Program 1– Overview and Update

• Neighborhood Stabilization Program 3– Overview and Update– Rental Developer Procurement Agenda Item– Rental Developer Agreement Agenda Item– Potential Conflict of Interest Agenda Item

• Community Development Block Grant– Overview and Update

• Fair Housing Information

Neighborhood Stabilization Program

1

Program Overview

• State Administered $2.6M Grant to Purchase/Rehab/Resell/Lease Foreclosed Homes to Qualified Applicants

• City-Wide Target Area with Some Exceptions• Contracted with Following Entities:

– Flagler County (Applicant Intake)– Guardian Resource Management (Grant

Consultant)– Fred Fox Enterprises, Inc. and Flagler Home

Services Corporation (Resale Developers)– Mid-Florida Housing Partnership, Inc. (Non-Profit

Housing Counselors and Rental Developers)

Program Update

• Demonstrated 100% Obligation of Grant Funds by September 1, 2010 Deadline

• Expended 100% of Grant Funds by September 1, 2011 Deadline

• Expected to Meet Beneficiary Goals within next 60 days (September 2012 Deadline) – All Initial Homes Now Under Contract

• Now in Program Income Phase– When Homebuyers Purchase NSP Home, Money is

Returned to Program and must be Reinvested in Program Activities

Program Update

• 46 buyer applications have been reviewed and approved.

• 23 foreclosed/distressed/abandoned homes been purchased and have been renovated (or under renovation)

• 19 homes are have been resold/leased to qualified individuals

• 4 homes are under contract and are scheduled to close within the next 60 days.

• 8 approved applicants are on the waiting list.• Average Home Price: $107k / Average Repairs:

$13k

Program Update

Neighborhood Stabilization Program

3

Program Overview

• HUD Administered $1.4M Grant to Purchase/Rehab/Resell/Lease Foreclosed Homes to Qualified Applicants

• Smaller Target Area (Part of R&P Section)• Buyer/Realtor Driven Program• Contracted with Following Entities:

– Flagler County (Applicant Intake)– Guardian Resource Management (Grant

Consultant)– Mid-Florida Housing Partnership, Inc. (Non-Profit

Housing Counselors)– Rental Developer (Agenda Item)

Program Update

Completed Items•Completed Federal Environmental Review•Received Release of Funds from HUD•Required Notices Published •Marketing Program (Media, Video, and Website)•Realtor Lunch & Learn (50 Attendees)•Applicant Workshop (150 Attendees)

Grant Deadlines•Demonstrate 50% Expenditure of Grant Funds by March 9, 2013 Deadline•Demonstrate 100% Expenditure of Grant Funds by March 9, 2014 Deadline

Community Development Block

Grant Program

Program Overview

• $750,000 CDBG Housing Rehabilitation Grant Program– Home-owner occupied rehabilitation and/or

demolition/reconstruction– Homes that deteriorating and homeowner has no

funds/ability to repair (i.e. seniors or disabled persons on social security)

– Benefits homeowner, neighborhood, and contractors• Contracting with Following Entities:

– Flagler County (Applicant Intake)– Guardian Community Resource Management (Grant

Consultant)– Contractors for Rehabilitation

Program Update

Completed Items•Completed Federal Environmental Review•Received Release of Funds from State•Required Notices Published •Marketing Program (Media and Website)•Applicant Workshop (75 Attendees)

Grant Deadlines•Closeout Grant by June 17, 2013

Fair Housing Info

It is illegal to discriminate based on the race, color, religion, gender, National origin, age, handicap/disability, or familial status when

renting, selling or financing a home or property.

You Have Rights!! If you feel you have been discriminated against when

purchasing or renting a home please contact: Beau Falgout

Community Development Department160 Cypress Point Parkway, Suite B-106

Palm Coast, FL  32164Telephone: (386) 986-3796

NSP3 Rental Developer Procurement

• Followed City Purchasing Policy• One Response Received

– Similar to NSP1– NSP1 Re-Advertised to Major Markets (Miami,

Tampa, Jacksonville, Orlando) *Still One Response

• HUD may consider Sole Source– Following 24 CFR Regulations– City Council Approval of Procurement Process– Request to HUD before Final Contract Execution

NSP3 Rental Developer Agreement

• Adherence to Grant Requirements– Federal, State, and Local

• Scope of Services– Authorized up to (4) Units– Mortgage and Deed Restrictions

• Requirements for On-Going Maintenance• Numerous Safeguards to Minimize Risk

• Minor Changes

Potential Conflict of Interest

• Conflict of Interest Process and Procedure– Prevent Unfair Advantages in Program– Process Outlined in Local Housing Assistance

Plan and HUD Regulations• Public Disclosure• Local Determination• Request of Waiver from FDEO/HUD, if Required

• Applicant Nicole DiMattina– City Employee, Purchasing Technician I– City Employee Relatives

• Joe DiMattina, Public Works Supervisor• Christine DiMattina, Accounting Technician I

• Staff and CATF Recommendation that No Conflict of Interests Exist