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HomeMy WebLinkAboutCity of Tamarac Resolution R-2011-1021 Temp Reso #12081 Page 1 September 1, 2011 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2011 0 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AMENDING THE COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") PROGRAM, FISCAL YEAR 2010/11 ANNUAL ACTION PLAN TENTH PROGRAM YEAR TO PROVIDE FOR AN EXPANSION OF THE TARGET AREA TO INCLUDE THE AREAS DEPICTED IN EXHIBIT "A" WHICH IS ATTACHED HERETO; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Tamarac ("City") is a Community Development Block Grant ("CDBG') entitlement community; and WHEREAS, on February 23, 2011, the City Commission approved Resolution No. R-2011-22, which approved the First Substantial Amendment to the CDBG Program Fiscal Year 2010/11 Annual Action Plan Tenth Program Year ("Action Plan") for the use of the funds allocated to the City for the Neighborhood Stabilization Program Round 3 ("NSP-3"); and WHEREAS, pursuant to the NSP-3 guidelines, the City is permitted to expend NSP-3 funds within the "areas of greatest need" as defined in the Action Plan; and WHEREAS, the City Commission desires to amend the Action Plan in order to adjust the boundaries of the "areas of greatest need" in order to include Temp Reso #12081 Page 1 September 1, 2011 other properties that would be eligible to receive funds pursuant to the NSP-3 guidelines; and WHEREAS, a copy of the amended "areas of greatest need" is attached hereto as Exhibit "A", and incorporated herein by reference; and WHEREAS, the City Commission deems it to be in the best interest of the citizens and residents of the City of Tamarac to approve the amendment to the boundaries of the "areas of greatest need" as provided in the City's Action Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA THAT: SECTION 1. The foregoing "WHEREAS" clauses are true and correct and hereby ratified and confirmed by the City Commission. All exhibits attached hereto are hereby incorporated herein. SECTION 2. The City Commission of the City of Tamarac, Florida, hereby approves the amendment to the CDBG Program Fiscal Year 2010/11 Annual Action Plan Tenth Program Year in order to amend the boundaries of the "areas of greatest need", as depicted in Exhibit "A" to this Resolution, in order to provide for authorized expenditures in conformance with NSP-3 guidelines. SECTION 3. The appropriate City officials are authorized and directed to execute the necessary documents to comply with this Resolution. SECTION 4. All Resolutions or parts of Resolutions in conflict herewith, shall be and are hereby repealed insofar as there is conflict or inconsistency. 1-1 Temp Reso #12081 Page 1 September 1, 2011 SECTION 5. If any clause, section or other part of this Resolution shall be held by any court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional or invalid part shall be considered eliminated and shall in no way affect the validity of the remaining portions of this Resolution. SECTION 6. This Resolution shall become effective immediately upon its passage and adoption by the City Commission. PASSED AND ADOPTED BY THE CITY fORMISION OF THE CITY OF TAMARAC, FLORIDA THIS DAY OF -sue , 2011. /J )A41- 3 BY: -L "" ATT MAYOR PAMELA BUSHNELL RECORD OF COMMISSION VOTE PETER RICkARDSON CITY CLERK MAYOR BUSHNELL DIST 1: COMM. SWENSON DIST 2: V/M, GOMEZ DIST 3: COMM. GLASSER DIST 4: COMM. DRESSLER t I HEREBY CERTIFY that I Have approved this RESOLUTION as to form. -tLL I "I—v ��A EL S. GOREN CITY ATTORNEY SSG:DNT:dnt H:\2005\050164 TAMARAC\RESO 2011\TR#12081 (Target Area Amendment NSP-3).doc 1 HUD USER GIS Maps %xia0 Ff i�/1 Page IofI ® KOWSPAY, AUGUST 24, 2011 li�.l * ii�itl� ri'0 LGER ' Site Map I Print I Pont *A A 0 SHaas pkt;l_I HOME ABOUT PDBR RESEARCH FINDER PERIODICALS DATA SETS QUICK LINKS CONTACT US 414 w . Neighborhood Stabilization The Neighborhood Stabilization Program (NSP) provides grants to g address the problems associalod with homes that have been Program Grants foreclosed upon and are creating oconomicproblemsfor their by j commenl(let- ` Go Select a State Select a County ED Map Options : Clear I Roeet Click Mode: Zoom I Info NSl'3 Legend rA): °- Trad Outline LOG OUT Click hen for an Overview NSP3 Options 17 Current Zoom Level Show Tracts Outline (7oam 11+) _..-_.._-DRAW._.... I VIEW DATA NW 84th $1 C NW 72AOAve 11co VIEW PRureCTo l.e..... CTl[7N8 .. .........�•-Y NVV Wit $t The NSP3 mapping tool now provides a summary NSP3 soon for all projects drawn. Click on'View projects ", which will list all of the projects (target areas) that have data calculated. It shows the NSP3 eGDrs for each target area along with the total estimated housing units In that area. At the bottom of the list Is a sum of all housing units In all target areas and the N NSP3 atom for all target areas drawn. Grantees en advised to know their state minimum and if the surrunary macro Is lase than the stator minimum the granlee -. should delete, add, or revise target areas. Note that 1f you delete or add, the tool only recalculates after you close the "View Projects" box and reopen It. HUD also advises gmnteos to think carefully about the slam of their target areas In total. If those target areas have a very large number of total housing units relative to th dolls II ble HUDwldllkel k e rs Ova a y as that the grantee reduce the number andfor size of their target areas. "yt11 at St 1. St 8 m MN 6l at at - ..... Map data Cot 1 Gaogie . ' http://www.huduseT.org/NSP/NSP3.html 8/24/2011 No Text Neighborhood ID: 3494720 NSP3 Planning Data Grantee ID: 1230060E Grantee State: FL Grantee Name: TAMARAC Grantee Address: 7525 NW 88 Avenue Tamarac FL 33321 Grantee Email: angelab@tamarac.org Neighborhood Name: Sunflower -Revised August 2011 Date:2011-08-24 00:00:00 NSP3 Score The neighborhoods identified by the NSP3 grantee as being the areas of greatest need must have an individual or average combined index score for the grantee's identified target geography that is not less than the lesser of 17 or the twentieth percentile most needy score in an individual state. For example, if a state's twentieth percentile most needy census tract is 18, the requirement will be a minimum need of 17. If, however, a state's twentieth percentile most needy census tract is 15, the requirement will be a minimum need of 15. If more than one neighborhood is identified in the Action Plan, HUD will average the Neighborhood Scores, weighting the scores by the estimated number of housing units in each identified neighborhood. Neighborhood NSP3 Score: 20 State Minimum Threshold NSP3 Score: 17 Total Housing Units in Neighborhood: 151 Area Benefit Eligibility Percent Persons Less than 120% AMI: 55.1 Percent Persons Less than 80% AMI: 28.8 Neighborhood Attributes (Estimates) Vacancy Estimate USPS data on addresses not receiving mail in the last 90 days or "NoStat" can be a useful measure of whether or not a target area has a serious vacancy problem. For urban neighborhoods, HUD has found that neighborhoods with a very high number vacant addresses relative to the total addresses in an area to be a very good indicator of a current for potentially serious blight problem. The USPS "NoStat" indicator can mean different things. In rural areas, it is an indicator of vacancy. However, it can also be an address that has been issued but not ever used, it can indicate units under development, and it can be a very distressed property (most of the still flood damaged properties in New Orleans are NoStat). When using this variable, users need to understand the target area identified. In addition, the housing unit counts HUD gets from the US Census indicated above are usually close to the residential address counts from the LISPS below. However, if the Census and LISPS counts are substantially different for your identified target area, users are advised to use the information below with caution. For example if there are many NoStats in an area for units never built, the USPS residential address count may be larger than the Census number; if the area is a rural area largely served by PO boxes it may have fewer addresses than housing units. USPS Residential Addresses in Neighborhood: 158 Residential Addresses Vacant 90 or more days (USPS, March 2010): 8 Residential Addresses NoStat (USPS, March 2010): 1 113 Foreclosure Estimates HUD has developed a model for predicting where foreclosures are likely. That model estimates serious delinquency rates using data on the leading causes of foreclosures - subprime loans (HMDA Census Tract data on high cost and highly leveraged loans), increasing unemployment (BLS data on unemployment rate change), and fall in home values (FHFA data on house price change). The predicted serious delinquency rate is then used to apportion the state total counts of foreclosure starts (from the Mortgage Bankers Association) and REOs (from RealtyTrac) to individual block groups. Total Housing Units to receive a mortgage between 2004 and 2007: 90 Percent of Housing Units with a high cost mortgage between 2004 and 2007: 37 Percent of Housing Units 90 or more days delinquent or in foreclosure: 21.9 Number of Foreclosure Starts in past year: 12 Number of Housing Units Real Estate Owned July 2009 to June 2010: 4 HUD is encouraging grantees to have small enough target areas for NSP 3 such that their dollars will have a visible impact on the neighborhood. Nationwide there have been over 1.9 million foreclosure completions in the past two years. NSP 1, 2, and 3 combined are estimated to only be able to address 100,000 to 120,000 foreclosures. To stabilize a neighborhood requires focused investment. Estimated number of properties needed to make an impact in identified target area (20% of REO in past year): 2 Supporting Data Metropolitan Area (or non -metropolitan area balance) percent fall in home value since peak value (Federal Housing Finance Agency Home Price Index through June 2010): -41.5 Place (if place over 20,000) or county unemployment rate June 2005': 4 Place (if place over 20,000) or county unemployment rate June 2010*: 11.9 'Bureau of Labor Statistics Local Area Unemployment Statistics Market Analysis: HUD is providing the data above as a tool for both neighborhood targeting and to help inform the strategy development. Some things to consider: 1. Persistent Unemployment. Is this an area with persistently high unemployment? Serious consideration should be given to a rental strategy rather than a homeownership strategy. 2. Home Value Change and Vacancy. Is this an area where foreclosures are largely due to a combination of falling home values, a recent spike in unemployment, and a relatively low vacancy rate? A down payment assistance program may be an effective strategy. 3. Persistently High Vacancy. Are there a high number of substandard vacant addresses in the target area of a community with persistently high unemployment? A demolition/land bank strategy with selected acquisition rehab for rental or lease -purchase might be considered. 4. Historically low vacancy that is now rising. A targeted strategy of acquisition for homeownership and rental to retain or regain neighborhood stability might be considered. 5. Historically high cost rental market. Does this market historically have very high rents with low vacancies? A strategy of acquiring properties and developing them as long-term affordable rental might be considered. Latitude and Longitude of corner points -80.246361 26.228066-80.246480 26.225708-80.245299 26.224226-80.242091 26.224254-80.242231 26.227748-80,242338 26.228095 213 Blocks Comprising Target Neighborhood 120110204061017,120110204061016,120110204061015,120110204061013,120110204061012, 120110204061011,120110204061010,120110204061009,120110204061007, 313 No Text