HomeMy WebLinkAboutCity of Tamarac Resolution R-2011-022Temp. Reso. # 11989
Page 1 of 3
02-07-11
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2011-_a,-
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA APPROVING THE FIRST
SUBSTANTIAL AMENDMENT TO THE COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") PROGRAM,
FISCAL YEAR 2010/11 ANNUAL ACTION PLAN TENTH
PROGRAM YEAR TO PROVIDE FOR THE ADOPTION OF
THE NEIGHBORHOOD STABILIZATION PLAN;
AUTHORIZING AND DIRECTING THE MAYOR OR IN HER
ABSENCE, THE VICE -MAYOR TO EXECUTE ANY
NECESSARY DOCUMENTS AND CERTIFICATIONS;
AUTHORIZING THE SUBMISSION OF THE
NEIGHBORHOOD STABILIZATION PROGRAM ROUND 3
(NSP3) ACTION PLAN FOR APPROVAL BY THE UNITED
STATES DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT, PROVIDING FOR CONFLICT;
PROVIDING FOR SEVERABILITY; AND PROVIDING AN
EFFECTIVE DATE.
**********
WHEREAS, the City of Tamarac ("City") is a Community Development Block Grant
("CDBG') entitlement community; and
WHEREAS, in July 2010, the City received notification of an allocation through the
CDBG Neighborhood Stabilization Program Round 3 in the amount of $1,427,857.00,
pursuant to the Housing and Economic Recovery Act (HERA) 2008, as amended under
the Wall Street Reform and Consumer Protect Act 2010 from the Department of Housing
and Urban Development; and
WHEREAS, as a condition of receiving the allocation, the City must amend its
CDBG Annual Action Plan in order to include the plan for the use of the allocation of the
funds provided pursuant to the CDBG Neighborhood Stabilization Program Round 3; and
Temp. Reso. # 11989
Page 2 of 3
02-07-11
WHEREAS, the Community Development Department has prepared the First
Substantial Amendment to the CDBG Fiscal Year 2010 Annual Action Plan Tenth Program
Year to provide for the use of the funds being provided to the City pursuant to the
Neighborhood Stabilization Program Round 3; and
WHEREAS, the Community Development Director recommends approval of the
First Substantial Amendment to the CDBG Fiscal Year 2010 Annual Action Plan Tenth
Program Year to provide for Neighborhood Stabilization Program Round 3 funds;
WHEREAS, the City Commission finds that it is in the best interest of the public for
the City of Tamarac to submit the First Substantial Amendment to the CDGB Fiscal Year
2010/11 Annual Action Plan Tenth Program year to the U.S. Department of Housing and
Urban Development.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA that:
Section 1: The City Commission of the City of Tamarac hereby approves the First
Substantial Amendment to the CDBG Program Fiscal Year 2010/11 Annual Action Plan
Tenth Program Year for the use of the funds allocated to the City of Tamarac for the
Neighborhood Stabilization Program Round 3, as attached hereto as Exhibit "A", and
incorporated herein by reference.
Section 2: The Mayor, or in her absence, the Vice -Mayor, is hereby designated and
authorized to execute any documents and certifications required the U.S. Department of
Temp. Reso. # 11989
Page 3 of 3
02-07-11
Housing and Urban Development, and to do all things necessary and proper to carry out
the term and conditions of said program.
Section 3: All resolutions or parts of resolutions in conflict herewith are hereby repealed
to the extent of such conflict.
Section 4: If any clause, section, other part or application of this Resolution is held by
any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it
shall not affect the validity of the remaining portions or applications of this Resolution.
Section 5: This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED BY THEPTY COMMISSION OF THE CITY OF TAMARAC,
FLORIDA THIS 73 "�4DAY OF r , 2011.
I IqCITY OF TAMARAC, FLORIDA
,�� of • • qqc%
=� ES�PO_ BETH TALABISCO, MAYOR
�g63
'
O.
B. TALABISCO
ATTE '�q�.....UN:�``\��. P. BUSHNELL
col
D. GLASSER s
' M. GOMEZ
b.
H. DRESSLER
PETER RICHARDSON, CIVIC
CITY CLERK
I HEREBY CERTIFY that I
Have approved this
RESOLUTION as to form.
YA4 )IVA- Z(z zf l
CITY -ATTORNEY `
CITY OF TAMARAC
FY 2010/2011 Annual Action Plan
Substantial Amendment
Neighborhood Stabilization Program 3 under
the Dodd -Frank Wall Street Reform and Consumer
Protection Act
through the
U.S. Department of Housing and Urban Development
(HUD)
Prepared by:
City of Tamarac
Community Development Department
Housing Division
7525 NW 88t" Avenue
Tamarac, FL 33321
www.tamarac.org
February 2011
Neighborhood Stabilization Program 3 Application
$114273857.00
CITY OF TAMARAC, FLORIDA
7525 NW 88 Avenue
Tamarac, FL 33321
(954) 597-3510
Website: www.tamarac.orq
City Manager:
Michael C. Cernech
Mayor Beth Flansbaum-Talabisco
Vice Mayor Pamela Bushnell
Commissioner Diane Glasser
Commissioner Michelle Gomez
Commissioner Harry Dressler
PN
NSP3 Grantee Information
NSP3 Program Administrator Contact Information
Name (Last, First)
Bauldree, Angela
Email Address
an elab tamarac.or
Phone Number
954-597-3539
Mailing Address
7525 NW 88 Avenue, Room 206, Tamarac, FL 33321
Areas of Greatest Need
Map Submission
The map generated at the HUD NSP3 Mapping Tool for Preparing Action Plan website is
included as an attachment.
Data Sources Used to Determine Areas of Greatest Need
Describe the data sources used to determine the areas of greatest need.
Response:
The City of Tamarac's Community Development Department, Housing Division utilized the
following data sources to assist with determining the areas of greatest need:
❖ NSP3 HUD User GIS Information by Census Tract
❖ NSP3 Mapping Tool
HMDA Data by Census Tract
CoreLogic Software
❖ South Florida Block Shopper Website
Trulia.com
Realtytrac.com
❖ The City's Foreclsoure Registration Program list
Each data source was used to confirm where the areas of greatest need fell by layering the data
and assessing income, mortgage, delinquencies and other pertinent data. In many cases,
property addresses were duplicated across the different data sources and areas of
concentration of distressed neighborhoods become easier to identify. GIS Mapping provided
visual confirmation of concentration areas where NSP3 eligible properties were located.
Data from CoreLogic (December 2010) identified over 3,200 properties that were in some stage
of foreclosure city-wide. Additionally, over 800 properties within the City had outstanding Code
violations and the overall condition of certain neighborhoods further confirmed that layering the
data made for better decision making indentifying the areas of greatest need. The Code
Compliance Division recently implemented a lien amnesty program which will be advertised and
promoted more intensely within the areas of greatest need. With this, even properties not
assisted with NSP3 funds will have an opportunity to bring their properties up to Code and
improving the appreance of their home as well as the neighborhood they live in further fostering
the neighborhood stabilization theme.
According to HUD User's GIS Information by Census Tract data, all twelve census tracts within
the City had a "need score" of 19 or higher exceeding the state's minimum need score of 17,
with 20 being the hi hest score possible. Four of the census tracts had a delinquency rate of
over 20%. However, since NSP3 requires an even smaller target area than that of NSP1, staff
was tasked with gathering additional data that would allow the City to reduce the areas of
greatest need to 2-3 neighborhoods. Additionally, the Dodd -Frank Act strongly encourages
grantees to define the areas of greatest need small enough that the NSP3 investment impacts
approximatley 20% of the areas defined.
NSP3 funds will be utilized to acquire, rehabilitate and re -sell eligible properties within the areas
of greatest need which are listed below. Staff will attempt to focus on one area of greatest need
at a time with its initial allocation, and move to the other areas with program income as it is
generated at the re -sale stage. The City of Tamarac's initial allocation will allow for assistance
at approximately 6-10 properties. This number will depend on factors such: cost of acquisition,
the discount offered by the seller, and severity of distress and rehabilitation costs required prior
to re -sale.
MARKET CONDITIONS - DATA:
TRULIA.COM According to trulia.com, a real estate website recommended by HUD for
the purpose of gathering NSP3 market information, the following information was available to
evaluate the City's market conditions:
The data from trulia.com represents sales between September - November 2010.
Average Listing Price: $111,844.00
Median Sales Price: $ 62,500.00 Based on 416 home sales between Sept. -Nov. 2010
Decrease of 32.1 % compared to same period last yr.
Average Price Per sgft: $ 61.00 Decrease of 47.4% compared to same period last yr.
REALTYTRAC. COM
Another website utilized to gather market conditions was RealtyTrac.com. The following data
was provided:
Foreclosure Status Distribution:
Pre -Foreclosures = 28% of total properties in some stage of foreclosure.
Auction = 38% of total properties in some stage of foreclosure.
Bank Owned = 34% of total properties in some stage of foreclosure.
"Highest Availibility"
Estimated Market Value -Properties between $100-$200K.
Foreclosures by Square Footage - Properties with less than 1,000 sqft.
Foreclosures by Number of Bedrooms - Properties with 2 bedrooms.
A Geographical Comparison by Realtytrac.com comparing County, State and National figures
shows that Broward County has 40% of its units foreclosed upon compared to the State of
Florida at 37% and the Nation of 20%.
According to RealtyTrac.com, the average difference between average sales price and average
foreclosure sales price is $48,464,00.
4
This information is consistant to what the City of Tamarac experienced under its NSP1 program.
The following averages were experienced under the City's NSP1, as of September 2010:
Average Contract Price:
$111,914.00
Average Home Rehabilitation Amount:
$ 37,925.52
NSP3 HUD User GIS Information by Tamarac Census Tract
204.06
20
17
1713
21.90%
0
2999
161
204.09
19
17
1355
16.30%
5306
191
1
204.10
19
17
1831
16.70%
5669
195
28
204.11
20
17
1606
18.50%
2922
45
0
502.02
20
17
2202
19.80%
4549
177
36
503.05
20
17
1884
20.40%
3920
155
11
601.05
20
17
1705
21.90%
3300
84
10
601.06
20
17
2207
23.00%
4380
245
24
601.07
20
17
711
19.30%
1790
83
2
601.09
19
17
745
1720%
1469
31
1
601.11
19
17
1633
16.50%
3125
60
1
601.12
20
17
1880
19.00%
3896
192
1
Since smaller areas of greatest need
were encouraged, staff
broke down
the same data
provided at the census tract level to smaller "areas of greatest need" at the neighborhood
level.
5
L/etermination oT Areas OT ureatest Neea ana AppliCaDle i iers
Describe how the areas of greatest need were established and whether a tiered approach
is being utilized to determine the distribution of fundina.
Response:
In order to determine the City's "areas of greatest need", staff mapped foreclosures identified by
CoreLogic, and layered data from other resources, to find the concentration of potential NSP3
eligible properties. The number of potential eligible properties increased substantially when the
definition of "foreclosure" was expanded on by HUD to include properties that are:
• 60 Days delinquent under Mortgage Bankers of America delinquency calculations and
owner notified,
• Property owner 90 days or more delinquent on tax payments,
Foreclosure proceedings initiated or completed,
Foreclosure proceedings complete, title transferred to intermediary that is NOT an NSP
grantee, sub, contractor, developer, or end user.
CoreLogic provided a report that shows all properties within Tamarac that are in some stage of
foreclosure, from a Lis Pendis to Real Estate Owned (REO). Staff ran this report as late as
December 2010 which resulted in over 3,200 properties. Additionally, data from South Florida
Block Shopper and an internal Foreclosure Registration program were mapped and used to
identify neighborhoods with a concentration of foreclosures. Under the NSP3 program, only
single-family properties will be considered. With these combined factors, staff was able to
identify at least six "areas of greatest need" on which to obtain pertinent data in order to narrow
down the number of areas of greatest need to three. Data from HUD User (NSP3) Mapping
further assisted with the gathering of information such as need scores, vacancy rates, high cost
mortgages, and market analysis.
Once the data for the potential six areas of greatest need was obtained, the City was able to
narrow the number down to three areas of greatest need. The City chose to identify three
potential areas for the following reasons:
• The Neighborhood NSP3 Score for all three areas is 20, the highest possible score.
• All three neighborhoods had over 50% of the population at less than 120% AMI.
• The percentage of delinquencies was high in each area.
• A high number of homeowners had high cost mortgages.
• Excessive deteriorating Code conditions and violations were concentrated in the three
areas.
The Citv's areas of greatest need are as follows:
1) Sunflower (Central area)
Project Summary with map - Exhibit A
NSP3 Planning Data (HUD User) - Exhibit B
2) Tamarac takes North (South of Prospect Rd)
Project Summary with map - Exhibit C
NSP3 Planning Data (HUD User) - Exhibits D
3) Mainlands Section 7
Project Summary with map - Exhibit E
NSP3 Planning Data (HUD User) - Exhibits F
The areas of greatest need listed above were identified based on the following information
provided by HUD User:
NSP3 Areas
of Greatest
Need Data
Need Score
20
20 20
State Minimum
17
17 17
Total Housing Units
28
80 66
# of Units to make 20%
Impact
6
16 13
Persons Less than 120%
AMI
55.1 %
70.5% 84.1 %
Persons Less than 80%
AMI
28.8%
40.1 % 66.3%
04-07 HMDA Mt s
37
34.7 31
Deli % 90 + days)
21.9%
19.8% 19.3%
USPS Resid. Addresses
29
86 66
USPS 90+ Days Vacant
2
3 3
USPS Resid. Addresses
No Stat
0
1 0
Census Tract
204.06
502.02 601.07
A map of each area of greatest need was created in HUD's NSP3 mapping tool and submitted
electronically. HUD responded with data pertinent to the specified boundaries and associated
census tract information. This data showed the total number
of units within the defined area
allowing the City to determine how many units were necessary to reach the intended goal of
20% impact per area of greatest need.
Due to the lag time between the submission of this application and the grant funding agreement,
the priority to which area will be targeted first will be determined once the grant funding
agreement is executed. Between December 2010 when the data was obtained and the date of
exeecution of the grant funding agreement, the number and location of eligible properties will
change effecting which area the City begins its acquisition.
Since the activities proposed result in Program Income as a result of the re -sale of the 6-10
initial acquired and rehabilitated properties, the program income will be utilized to continue the
same activity creatina areater neiahborhood stabilization.
Definitions and Descriptions
Definitions
Term
Definition
Blighted Structure
A structure is blighted when it exhibits objectively determinable
signs of deterioration sufficient to constitute a threat to human
health, safety, and public welfare.
Properties identified for demolition will meet one or
more of the following criteria as a blighted structure:
1. Building Deterioration
2. Site Deterioration or site deficiencies
3. Unsanitary and unsafe conditions and incompatible
uses
4. Six or more ownership parcels per block
5. Buildings greater than 40 years of age
6. Presence of closed/vacant buildings
7. Presence of vacant lots
8. Buildings in violation of property maintenance code
violations
9. Presence of buildings scheduled for demolition
Affordable Rents
Those requiring not more than 30 percent of an income cut-off
defined in relation to Low -Moderate Area Median Income
(AMI).
Descriptions
Term
Definition
Long -Term
Under its NSP3 Program the City will follow HOME Affordability
Affordability
Terms for its soft -seconds in the form of a Deed Restriction.
For any down payment assistance offered utilizing SHIP or
HOME funds the City will implement the affordability terms
associated with that program. With extensive affordability time
frames, recipients are encouraged to remain in their property to
keep from repaying the loan, Should the property change
ownership during the affordability terms, the City would
recapture the balance due allowing the funds to go back into
the program and assist another homebuyer.
Should leveraging be utilized for Down Payment Assistance or
closing costs, the affordability terms described within that
funding sources agreement will be implemented. If HOME
funds are utilized, HOME Affordability terms will be applied.
Housing Rehabilitation
Standards All housing rehabilitation work will follow Broward County
Housing Standards, and Florida Building Code as well as City
Code.
Home Rehabilitation work specifications include such health
and safety items as, roof repair and replacement, repair to
exterior walls and stucco, repair or replacement of unsafe
electrical, plumbing and mechanical systems, removal of lead
and asbestos, and installation of impact resistant windows or
storm shutters. All replacement of appliances will incorporate
the installation of energy star rated systems where applicable.
Law -Income Targeting
Low -Income Set -Aside Amount
Enter the low-income set -aside percentage in the first field. The field for total funds set aside will
populate based on the percentage entered in the first field and the total NSP3 grant.
Identify the estimated amount of funds appropriated or otherwise made available under
the NSP3 to be used to provide housing for individuals or families whose incomes do not
exceed 50 percent of area median income.
Response:
Total low-income set -aside percentage (must be no less than 25 percent): 25.00%
Total funds set aside for low-income individuals = $325,000.00
Low -Income Ta
Provide a summary that describes the manner in which the low-income targeting goals
will be met.
Response:
The City will conduct an Open Enrollment to collect applications from families/households
interested in the program. Applications will identify household income, family size, first
mortgage maximum, and other factors necessary to determine their housing needs.
The City may supplement families/households under the 50% AMI level by offering Second
Mortgages utilizing other funding sources such as SHIP or HOME, or providing a soft -second. A
second mortgage provided by the City will reduce the first mortgage loan amount, helping to
lower the households monthly housing payment. Part of the City's eligibility requirement is that
front end ratios may not exceed 35% of a households monthly income. This 35% front-end ratio
consists of mortgage principal, taxes, insurance and any homeowners association fees, if
applicable.
Under NSP1, the City utilized the Financing Mechanisms activity and provided Down Payment
Assistance to income eligible buyers. During the course of the two Open Enrollments, the City
took in over 300 applications, all pre -qualified with a lender. Of the 300, over 250 were certified
as income eligible and given 30-90 days to secure a contract on a home. Of the 250 applicants
several unforeseen circumstances arose such as; job loss, the addition or reduction in the
number of household members, health and medical changes as well as credit challenges. The
City assisted 53 households in the purchase of a new home.
Of the 53 households assisted under NSP1 16, or 30%, were below 50% AMI.
Acquisition and Relocation
Demolition or Conversion of LMI Units
Does the grantee intend to demolish or convert any low- and moderate -
income dwelling units i.e., 5 80% of area median income)? No
If yes, fill in the table below.
Question
Number of
Units
The number of low- and moderate -income dwelling units—i.e., 5 80% of area
median income —reasonably expected to be demolished or converted as a
direct result of NSP-assisted activities.
The number of NSP affordable housing units made available to low-,
moderate-, and middle -income households—i.e., :5 120% of area median
income —reasonably expected to be produced by activity and income level as
provided for in DRGR, by each NSP activity providing such housing
(including a proposed time schedule for commencement and completion).
The number of dwelling units reasonably expected to be made available for
households whose income does not exceed 50 percent of area median
income.
Public Comment
unizen earticipation Tian
Briefly describe how the grantee followed its citizen participation plan regarding this
proposed substantial amendment or abbreviated plan.
Response:
As required by the Wall Street Reform and Consumer Protection Act of 2010 (Dodd -Frank Act),
the U.S Department of Housing and Urban Development and the City's Citizen Participation
10
Plan (available upon request), a 15 day Public Review period was held from February 8, 2011 to
February 22, 2011.
comments were received during the 15 day public review period.
A Public Hearing was opened during the February 23, 2011 City Commission meeting.
comments were received during the public hearing.
In addition to the Public Review period and Public Hearing, staff created an NSP3 Focus Group
which consisted of eight local professionals with expertise in affordable housing, lending and
real estate. The Focus Group met on January 13, 2011 and discussed the various
requirements as well as obstacles the City needs to consider when preparing its NSP3 Action
Plan. Input/ideas generated from the Focus Group were:
• The City should evaluate the financial situation of the Homeowners Association when
buying in areas with an HOA to be sure the HOA is stable.
• The City may want to offer penalties or incentives to home rehabilitation contractors with
regard to the timeliness of completing the rehabilitation work to reduce the length of time
the City owns the property resulting in additional carrying costs.
• Look into the Home Path program to see if it works with the City's NSP3 Program.
• Down Payment Assistance will be necessary for many buyers, even if just for the closing
costs, therefore, the City needs to make funds available from its HOME or SHIP funds.
• Keep local lenders and realtors informed as to Open Enrollment dates and deadlines to
allow them to assist with finding buyers or offering mortgages that compliment the
program.
Presentations to the Mayor and City Commission, as well as the City's Executive Team were
also conducted to generate input.
The City's Housing and Neighborhood Programs Manager met with a local non-profit agency
currently administering the NSP1 and NSP2 funds for other local municipalities to discuss the
City's Plan and options. The discussion included administrative capacity as well as activity
design. Due to the high dollar amount associated with "developer fees", the City chose to retain
the NSP3 Program in-house as it did under NSP1.
Summary of Public Comments Received.
The summary of public comments received is included as an attachment.
NSP Information by Activity
Enter each activity name and fill in the corresponding information. If you have fewer than seven
activities, please delete any extra activity fields. (For example, if you have three activities, you
should delete the tables labeled "Activity Number 4," "Activity Number 5," "Activity Number 6,"
and "Activity Number 7." If you are unsure how to delete a table, see the instructions above.
The field labeled "Total Budget for Activity" will populate based on the figures entered in the
fields above it.
11
Consult the i Program Desk.... Guidebook for guidance on completing the "Performance
Design_Guidebook
Measures" component of the activity tables below.
Single Family Acquisition, Rehabilitation and Re -sale - LH25
Select all that apply:
�
I 1 I Eliaible Use A: Financing Mechanisms
Eligible Use B: Acquisition and Rehabilitation
Eli ible Use C: Land Banking
Eligible Use D: Demolition
Eligible Use E: Redevelopment
24CFR 570.201(a) and (b), 570.202 (a)1
ku'; i 111�111,1 I Low -Income Housing to Meet 25% Set -Aside (LH25)
Activity Description:
The City will acquire single-family, NSP eligible residential properties
located in the designated areas of greatest need for the purpose of
rehabilitation and re -sale to income eligible homebuyers. All properties
will be brought up to code, ensure health and safety within the property
and improve the properties energy efficiency prior to re -sale.
Affordability restrictions will be placed on each property in the form of
either a deferred loan as a result of down payment assistance (second
mortgage with recapture terms) or a soft -second, in the form of a deed
restriction on the property. The terms for continued affordability will
depend on the amount of assistance provided, however, at a minimum
the City will implement its terms based on the HOME Programs
affordability periods.
All contractors and consultants have participated in local contractor
training informing them of the City's vicinity hiring preference and
Section 3 hiring if possible. In this economy many of the City's
contractors have been reducing their crews, however, will implement
these programs if applicable. Additionally, proper purchasing
procedures have been followed with regard to consultants, general
contractors or other professionals required to carry out NSP3 activities.
Market Factors:
Although the City utilized several data sources to locate "current"
eligible properties to identify the areas of greatest need, the constantly
changing influx and sale of foreclosures will alter the data from one
month to another. The City will continually run data reports identifying
the "current" eligible properties to ensure there is still high volume in the
defined areas.
Capacity:
The City's Housing Division successfully administered its NSP1
Proaram in-house and intends to do the same under NSP3. With a
12
smaller allocation and longer expenditure deadlines, the City does not
anticipate a problem meeting the requirements and obligations of
NSP3. In addition to the Housing staff, partnerships within the agency
and outside have been formed to ensure a successful NSP3 Program.
Program Income:
Program Income generated from the sale of a property will be allocated
back into the activity to assist with another property. Once the Program
Income becomes too minimal to assist with a property, it will be
combined with Program Income generated from Activity 2, or the City
will seek guidance from HUD as to how to utilize the remaining funds.
This activity will be carried out in the areas of greatest need as follows:
1) Sunflower
2) Tamarac Lakes North
3) Mainlands Section 7
NSP3 $$325,000.00
Other funding source $$0.00
(Other funding source $$0.00
Utilizing our expereince under NSP1, the average investment per
property (acquisition, rehabilitation, and direct costs) was approximately
$120,000.00.
Expected number of units with initial allocation: THREE UNITS
Upon receipt of program income from the re -sale of the initital
properties, additional properties will be assisted.
The goal of this activity is to increase property values, decrease the
number of abandoned and foreclosed properties within the designated
target areas as well as build wealth through homeownersip for the City's
NSP3 homebuyers.
The following chart shows the City's expected goals, outputs and
outcomes:
Goal
Attract new
homeowners to the
City
Improve property
values
A minimum of 3
properties
Acquired/Rehabilitated
and Re -Sold to income
eligible homebuyers
Outcome
Increased level of
homeownership
Increase average sales Increased assessed
price valuations
13
14
Single Family Acquisition, Rehabilitation and Re -sale - LMMI
Select all that apply:
❑ Eligible Use A: Financing Mechanisms
® Eligible Use B: Acquisition and Rehabilitation
❑ Eligible Use C: Land Banking
❑ I Eligible Use D: Demolition
I-1 I Eliaible Use E: Redevelopment
24CFR 570.201(a) and (b), 570.202 (a)1
Low Moderate Middle Income Housina (LMMH
Activity Description:
The City will acquire single-family, NSP eligible residential properties
located in the designated areas of greatest need for the purpose of
rehabilitation and re -sale to income eligible homebuyers. All properties
will be brought up to code, ensure health and safety within the property
and improve the properties energy efficiency prior to re -sale.
Affordability restrictions will be placed on each property in the form of
either a deferred loan as a result of down payment assistance (second
mortgage with recapture terms) or a soft -second, in the form of a deed
restriction on the property. The terms for continued affordability will
depend on the amount of assistance provided, however, at a minimum
the City will implement its terms based on the HOME Programs
affordability periods.
All contractors and consultants have participated in local contractor
training informing them of the City's vicinity hiring preference and
Section 3 hiring if possible. In this economy many of the City's
contractors have been reducing their crews, however, will implement
these programs if applicable. Additionally, proper purchasing
procedures have been followed with regard to consultants, general
contractors or other professionals required to carry out NSP3 activities.
Market Factors:
Although the City utilized several data sources to locate "current"
eligible properties to identify the areas of greatest need, the constantly
changing influx and sale of foreclosures will alter the data from one
month to another. The City will continually run data reports identifying
the "current" eligible properties to ensure there is still high volume in the
defined areas.
Capacity:
The City's Housing Division successfully administered its NSP1
Program in-house and intends to do the same under NSP3. With a
smaller allocation and longer expenditure deadlines, the City does not
anticipate a problem meeting the requirements and obligations of
NSP3. In addition to the Housing staff, partnerships within the agency
and outside have been formed to ensure a successful NSP3 Program.
15
Program Income:
;I,iI,,G ,,.I ,wli G" a
Program Income generated from the sale of a property will be allocated
�',I�a��,�Il';�a��'iupud,GG,aw�Ilij"!������°IGI'������I�,iu��i
back into the activity to assist with another property. Once the Program
Y p p Y� 9
u q
Income becomes too minimal to assist with a property, it will be
v7
r Ilb�i �''.IP °I
combined with Program Income generated from Activity 2 or staff will
4' ,
seek guidance from HUD as to how to utilize the remaining funds.
This activity will be carried out in the areas of greatest need as follows:
Y
rr�'' Nry
1) Sunflower
I�� � )Hm Gd�IIIII�I�II ,II'IIPf�
2) Tamarac Lakes North
�IIIIIy ".,.0 �9111i L.,
3) Mainlands Section 7
NSP3 $$960,072.00
(Other funding source) $$0.00
(Other funding source) $$0.00
$960, 072.00
Utilizing our experience under NSP1, the average investment per
property (acquisition, rehabilitation, and direct costs) was approximately
$120,000.00.
Expected number of units with initial allocation: SEVEN UNITS
Upon receipt of program income from the re -sale of the initital
properties, additional properties will be assisted.
The goal of this activity is to increase property values, decrease the
number of abandoned and foreclosed properties within the designated
target areas as well as build wealth through homeownersip for the City's
NSP3 homebuyers.
The following chart shows the City's expected goals, outputs and
outcomes:
Goal
Attract new
homeowners to the
City
Improve property
values
Decrease number of
abandoned/foreclosed
properties in
designated target
areas
Output
6-8 properties
Acquired/Rehabilitate
d and Re -Sold to
income eligible
homebuyers
Increase average
sales price
6-8 Properties no
longer vacant
Outcome
Increased level of
homeownership
Increased assessed
valuations
Stabilization of
Neighborhood
16
NSP3 PROGRAM BUDGET RECAP
Allocation: $ 1,427,857.00
Actyity
Single -Family Acquisition/Rehabilitation/Re-Sale - LH25 $ 325,000.00
Single Family Acquisition/Rehabilitation/Re-Sale - LMMI $ 960,072.00
Program Administration $ 142,785.00
17
Certifications
Certifications for State and Entitlement Communities
(1) Affirmatively furthering fair housing. The jurisdiction certifies that it will affirmatively
further fair housing, which means that it will conduct an analysis to identify impediments to fair
housing choice within the jurisdiction, take appropriate actions to overcome the effects of any
impediments identified through that analysis, and maintain records reflecting the analysis and
actions in this regard.
(2) Anti -displacement and relocation plan. The applicant certifies that it has in effect and is
following a residential anti -displacement and relocation assistance plan.
(3) Anti -lobbying. The jurisdiction must submit a certification with regard to compliance with
restrictions on lobbying required by 24 CFR part 87, together with disclosure forms, if required
by that part.
(4) Authority of jurisdiction. The jurisdiction certifies that the consolidated plan or abbreviated
plan, as applicable, is authorized under state and local law (as applicable) and that the
jurisdiction possesses the legal authority to carry out the programs for which it is seeking
funding, in accordance with applicable HUD regulations and other program requirements.
(5) Consistency with plan. The jurisdiction certifies that the housing activities to be undertaken
with NSP funds are consistent with its consolidated plan or abbreviated plan, as applicable.
(6) Acquisition and relocation. The jurisdiction certifies that it will comply with the acquisition
and relocation requirements of the Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970, as amended (42 U.S.C. 4601), and implementing regulations at 49 CFR
part 24, except as those provisions are modified by the notice for the NSP program published by
HUD.
(7) Section 3. The jurisdiction certifies that it will comply with section 3 of the Housing and
Urban Development Act of 1968 (12 U.S.C. 1701 u), and implementing regulations at 24 CFR
part 135.
(8) Citizen participation. The jurisdiction certifies that it is in full compliance and following a
detailed citizen participation plan that satisfies the requirements of Sections 24 CFR 91.105 or
91.115, as modified by NSP requirements.
(9) Following a plan. The jurisdiction certifies it is following a current consolidated plan (or
Comprehensive Housing Affordability Strategy) that has been approved by HUD. [Only States
and entitlement jurisdictions use this certification.]
(10) Use of funds. The jurisdiction certifies that it will comply with the Dodd -Frank Wall Street
Reform and Consumer Protection Act and Title XII of Division A of the American Recovery and
Reinvestment Act of 2009 by spending 50 percent of its grant funds within 2 years, and
spending 100 percent within 3 years, of receipt of the grant.
(11) The jurisdiction certifies:
a. that all of the NSP funds made available to it will be used with respect to individuals and
families whose incomes do not exceed 120 percent of area median income; and
18
b. The jurisdiction will not attempt to recover any capital costs of public improvements
assisted with CDBG funds, including Section 108 loan guaranteed funds, by assessing
any amount against properties owned and occupied by persons of low- and moderate -
income, including any fee charged or assessment made as a condition of obtaining
access to such public improvements. However, if NSP funds are used to pay the
proportion of a fee or assessment attributable to the capital costs of public improvements
(assisted in part with NSP funds) financed from other revenue sources, an assessment
or charge may be made against the property with respect to the public improvements
financed by a source other than CDBG funds. In addition, with respect to properties
owned and occupied by moderate -income (but not low-income) families, an assessment
or charge may be made against the property with respect to the public improvements
financed by a source other than NSP funds if the jurisdiction certifies that it lacks NSP or
CDBG funds to cover the assessment.
(12) Excessive force. The jurisdiction certifies that it has adopted and is enforcing:
a. A policy prohibiting the use of excessive force by law enforcement agencies within its
jurisdiction against any individuals engaged in nonviolent civil rights demonstrations; and
b. A policy of enforcing applicable state and local laws against physically barring entrance
to, or exit from, a facility or location that is the subject of such nonviolent civil rights
demonstrations within its jurisdiction.
The City does not have its own Police Department, however, does contract with
Broward Sheriffs Office for services covering any police activity needed,
including excessive force.
(13) Compliance with anti -discrimination laws. The jurisdiction certifies that the NSP grant
will be conducted and administered in conformity with Title VI of the Civil Rights Act of 1964 (42
U.S.C. 2000d), the Fair Housing Act (42 U.S.C. 3601-3619), and implementing regulations.
(14) Compliance with lead -based paint procedures. The jurisdiction certifies that its activities
concerning lead -based paint will comply with the requirements of part 35, subparts A, B, J, K,
and R of this title.
(15) Compliance with laws. The jurisdiction certifies that it will comply with applicable laws.
(16) Vicinity hiring. The jurisdiction certifies that it will, to the maximum extent feasible,
provide for hiring of employees that reside in the vicinity of NSP3 funded projects or contract
with small businesses that are owned and operated by persons residing in the vicinity of NSP3
projects.
(17) Development of affordable rental housing. The jurisdiction certifies that it will be abide
by the procedures described in its NSP3 Abbreviated Plan to create preferences for the
development of affordable rental housing for properties assisted with NSP3 funds.
Fnr �J
ichael C. Cernech,
City Manager
Date
�3
;L �.
19
Appendix: NSP3 Action Plan Contents Checklist
The checklist below is an optional tool for NSP3 grantees to help to ensure that all required
elements of the NSP3 Substantial Amendment or the Abbreviated Plan are submitted to HUD.
This checklist only includes the minimum required elements that must be included in the NSP3
Action Plan and grantees may want to add additional details. This document must be protected,
as described above, in order to use the checkboxes in this checklist.
I. NSP3 Grantee Information
Did you include the Program Administrator's name, address,
phone, and email address?
2. Areas of Greatest Need
Does the narrative description describe how funds will give
_priority emphasis to areas of reatest need? —
Does the narrative description specifically address how the
funds will give priority emphasis to those areas:
• With the highest percentage of home foreclosures?
• With the highest percentage of homes financed by
subprime mortgage related loan?; and
• Identified by the grantee as likely to face a significant
rise in the rate of home foreclosures?
..-............
_.._ ................................-- __............................... ---
Did you create the area of greatest needs map at
http:/twww.huduser.orgiNSP/NSP3.htmi?
Did you include the map as an attachment to your Action
Plan?
ONLYApplicable for States: Did you include the needs of all
❑
entitlement communities in the State?
N/A
3. Definitions and Descriptions
Are the following definitions and topics included in your
substantial amendment?:
• Blighted structure in context of state or local law,
• Affordable rents,
• Ensuring long term affordability for all NSP funded
20
housing projects,
• Applicable housing rehabilitation standards for NSP
funded projects
4. Low -Income Targeting
Did you identify the estimated amount of funds appropriated
to provide housing that meets the low-income set aside
target?
Did you provide a summary describing how your jurisdiction
will meet its low-income set aside goals?
5. Acquisition & Relocation
For all acquisitions that will result in displacement did you
specify; The City will not purchase occupied properties. ❑
• The planned activity, N/A
• The number of units that will result in displacement, El
N/A
• The manner in which the grantee will comply with URA ❑
for those residents? N/A
6. Public Comment
7. NSP Information by Activity
21
8. Certifications
Did you sign and submit the certification form applicable to
vour iurisdiction?
9. Additional Documentation
22
OMB Number: 4040-0004
Expiration Date: 01/31/2009
Application for Federal Assistance SF-424 version 02
*1. Type of Submission:
*2. Type of Application • If Revision, select appropriate Ietter(s)
❑ Preapplication
® New
Application
❑ Continuation *Other (Specify)
❑ Changed/Corrected Application
❑ Revision
3. Date Received: 4. Applicant Identifier:
5a, Federal Entity Identifier:
*5b. Federal Award Identifier:
State Use Only:
6. Date Received by State: :17,
State Application Identifier:
8. APPLICANT INFORMATION:
*a. Legal Name: City of Tamarac, FL
*b. Employer/Taxpayer Identification Number (EIN/TIN):
*c. Organizational DUNS:
59-1039552
077270940
d. Address:
*Street 1: 7525 NW 88 Avenue
Street 2:
*City: Tamarac
County: Broward
*State: Florida
Province:
*Country: United States
*Zip / Postal Code 33321
e. Organizational Unit:
Department Name: City Manager's Office
Division Name: Community Development Department
f. Name and contact information of person to be contacted on matters involving this application:
Prefix: Mr. *First Name: Michael
Middle Name: C.
*Last Name: Cernech
Suffix:
Title: City Manager
Organizational Affiliation:
*Telephone Number: 954-597-3530 Fax ►number: 954-597-3540
*Email: michaelc@tamaraC.Org
OMB Number: 4040-0004
Expiration Date; 01/31/2009
Application for Federal Assistance SF-424 version 02
*9. Type of Applicant 1: Select Applicant Type:
City or Township Government
Type of Applicant 2: Select Applicant Type:
Type of Applicant 3: Select Applicant Type:
'Other (Specify)
*10 Name of Federal Agency: U.S. Department of Housing and Urban Development
11. Catalog of Federal Domestic Assistance Number:
14.218
CFDA Title:
Neighborhood Stabilization Program 3
*12 Funding Opportunity Number:
*Title:
13. Competition Identification Number:
Title:
14. Areas Affected by Project (Cities, Counties, States, etc.):
Areas of Greatest Need within the City of Tamarac:
Area within Sunflower Community
Area within Tamarac Lakes North
Area within Mainlands Section 7
*15. Descriptive Title of Applicant's Project:
Single -Family Acquisition/Rehabilitation of eligible foreclosed properties.
OMB Number: 4040.0004
Expiration Date: 01/31/2009
Application for Federal Assistance SF-424 version 02
16. Congressional Districts Of:
*a. Applicant: 19, 20, 23 *b. Program/Project, 19, 20, 23
17. Proposed Project:
"a. Start Date: Date of Execution of Agreement *b. End Hate: 3 Years Later
18. Estimated Funding ($):
*a, Federal 1,427,857.00
*b. Applicant
*c. State
*d. Local
"e. Other
*f. Program Income
*g. TOTAL 1,427,857.00
*19. Is Application Subject to Review By State Under Executive Order 12372 Process?
❑ a. This application was made available to the State under the Executive Order 12372 Process for review on
❑ b. Program is subject to E.Q. 12372 but has not been selected by the State for review.
® c. Program is not covered by E. O. 12372
*20. Is the Applicant Delinquent On Any Federal Debt? (If "Yes", provide explanation.)
❑ Yes IM No
21. *By signing this application, I certify (1) to the statements contained in the list of certifications" and (2) that the statements
herein are true, complete and accurate to the best of my knowledge. i also provide the required assurances" and agree to comply
with any resulting terms if I accept an award. I am aware that any false, fictitious, or fraudulent statements or claims may subject
me to criminal, civil, or administrative penalties. (U. S, Code, Title 218, Section 1001)
m **I AGREE `
`* The list of certifications and assurances, or an internet site where you may obtain this list, is contained in the announcement or
agency specific instructions
Authorized Representative:
Prefix: Mr. "First Name: Michael
Middle Name: C.
*Last Name: Cernech
Suffix:
*Title: City Manager
"Telephone Number: 954-597-3530
Fax Dumber: 954-597-3540
* Email, michaelc@tamarac.org --- ��
*Signature of Authorized Representa ' _
ate Signed:
Authorized for Local Reproduction �'H Standard Form 424 (Revised 10/2005)
Prescribed by OMB Circular A-102
Ali
Project Name : Sunflower
Bloch
Block'Group Neighborhood Block Group Group State USPS HMDA
Housing Units Housing Units score Min
120119205470675020406U1 28 1370 20 17 1429 816
Total Neighborhood Housing Units: 28
Neighborhood NSP3 Score: 20.00
State Minimum Threshold NSP3 Score: 17
Tract Number
Tract NSP3 Need Score
State Minimum Qualifying NSP3 Score
HMDA Mortgages 2004 to 2007
Estimated Delinquent Mortgages
Total USPS Residential Addresses
USPS Residential Addresses Vacant 90+ days
USPS Residential Addresses NoStat
NSP3 Options
17 Current Zoom Level
F! Show Traces Outline (Zoom 11+)
........::"'"wr
lip
The NSP3 mapping tool now provides a
summary NSP3 score for all pw acts
drawn. Click on "View Projects which
will list all of the projects (target areas)
that have data calculated. It shown the
NSP3 snore Poreaah target area along with
the total ertlmated housing unha In that
area, At the bottom of the list is a sum of
all housing units In all target areas and the
NSP3 score Wall
target oleos drawn.
Rlanteas are advised to know their state
minimum and If the summary score is less
then the state minimum the grantee
should delete, add, or revive target areas,
Nola that if you delete or add, the tool only
recalculates after you close the View
Projects" box and reopen it. HUD atso
advises grantees to think carefully about
the Giza, of their target areas In total, if
those target areas have a very large
number of tour housing units rakilve to
the dollars avallable, HUD will likely ask
that the grantee reduce the number arWlor
size of their target areas.
Click here for an Ovorview
EXHIBIT A
12011020406
20
17
1713
21.9
2999
161
27
Neighborhood ID: 5294281
NSP3 Planning Data
Grantee ID: 1230080E
Grantee State: FL
Grantee Name: TAMARAC
Grantee Address: 7525 NW 88 Avenue Tamarac FL 33321
Grantee Email: angelab@tamarac_org
Neighborhood Name: Sunflower -Revised 2
Date:2011 -02-01 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: 28
Area Benefit Eligibility
Percent Persons Less than 120% AMI: 55.1
Percent Persons Less than 80% AML 28.8
Neighborhood Attributes (Estimates)
Vacancy Estimate
LISPS 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 USPS below. However, if the Census and USPS 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: 29
Residential Addresses Vacant 90 or more days (USPS, March 2010): 2
Residential Addresses NoStat (USPS, March 2010). 0 EXHIBIT B
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: 17
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: 2 -
Number of Housing Units Real Estate Owned July 2009 to June 2010: 1
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): 0
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 Analysts:
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
-80.248250 26,225842-80.247445 26.225996-80.246522 26.225746-80.245761 26.225169-80,245332
26.224274-80.245256 26.223369-80.245450 26.222705-80.248529 26.222378-80.248636 26.225621
Blocks Comprising Target Neighborhood
120110204061005,
i
Project Name : Tamarac Lakes North (Southside)
Block
Block Group Neighborhood Black Group Group State uSPS HMDA
f Housing Units Housing Units Score Min
120119109870675050202U4 80 333 20 17 360 174
Total Neighborhood Housing Units: 80
Neighborhood NSP3 Score: 20.00
State Minimum Threshold NSP3 Score: 17
Tract Number 12011050202
Tract NSP3 Need Score 20
State Minimum Qualifying NSP3 Score 17
HMDA Mortgages 2004 to 2007 2202 1
Estimated Delinquent Mortgages (°/D) 19.8
Total USPS Residentiai Addresses 4549
USPS Residential Addresses Vacant 90+ days 177
USPS Residential Addresses NoStat 36
NSP3 Options
18 CunehtZoom Level
Show Tracts Outline (Zoom 11+)
:i
lwtliFk`1tfF,'.� 5...,
The NSP3 mapping tool now provides a
summary NSP3 score for all projects
drawn. Click on "View Projacla", which
will list all ofthe projects (target areas)
that have data calculated. It shows the
NSPS score for each target area along with
tha total estimated housing units In that
■rem.
At the bottom of the list is a sum of
all housing units In all target areas and the
NSP3 score for all target areas drawn.
Grantees are advised to know their state
minimum and if the summary score is less
than the state minimum the grabble
should delete, add, or revise target areas.
Note that it you delete or add, the tool only
recalculates after you close the "View
Projects' box and reopen It. HUD also
advises grantees to think carefully about
the size of their target areas in total. if
those target areas have a very large
number of total housing units relative to
the dollars evalb ble, HUD will likely ask
that the grantee reduce the number andfor
size of their target areas.
Click here for an Overview
EXHIBIT C
Neighborhood ID: 6879058
NSP3 Planning Data
Grantee ID: 1230050E
Grantee State: FL
Grantee Name: TAMARAC
Grantee Address: 7525 NW 88 Avenue Tamarac FL 33321
Grantee Email: angeiab@tamarac.org
Neighborhood Name: Tamarac lakes North (southside) Revised 3
Date:2011-02-01 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: 80
Area Benefit Eligibility
Percent Persons Less than 120% AMI: 70.5
Percent Persons Less than 80% AMI: 40.1
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 LISPS "NoStat" indicator can mean different things. In rural areas, it is an indicator of vacancy. However,
it can also bean 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 USPS below. However, if the Census and USPS 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. 86
Residential Addresses Vacant 90 or more days (USPS, March 2010): 3
Residential Addresses NoStat (USPS, March 2010): 1 EXHIBIT D
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: 42
Percent of Housing Units with a high cost mortgage between 2004 and 2007: 34.7
Percent of Housing Units 90 or more days delinquent or in foreclosure: 19.8
Number of Foreclosure Starts in past year: 5
Number of Housing Units Real Estate Owned July 2009 to June 2010: 1
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): 1
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 nigh 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 Qoints
-80.180862 26,191421-80.180840 26.189457-80.179231 26.189495-80,179274 26.191449-80.180776
26.191392
Blocks Comprising Target Neighborhood
120110502024023,120110502024027,120110502024026,120110502024025,
Project Name : Mainlands Section 7
Block
Block Group Neighborhood Block Group Group State LISPS HMDA
Housing Units Housing Units Score Min
120119275670675060107U1 66 1538 20 17 1538 611
Total Neighborhood Housing Units: 66
Neighborhood NSP3 Score: 20.00
State Minimum Threshold NSP3 Score: 17
Tract Number
12011060107
Tract NSP3 Need Score
20
State Minimum Qualifying NSP3 Score
17.
HMDA Mortgages 2004 to 2007
711
Estimated Delinquent Mortgages (%}
19.3
Total USPS Residential Addresses
1790
LISPS Residential Addresses Vacant 90+ days
83
LISPS Residential Addresses NoStat
2
NSP3 Options
18 Current Zoom Level
Show Tracts Outline (Zoom 11+)
� -�.�- �gRlt9v'.�. �• { i'� . 5ttw�4ti ..
VIEW A.....,ttI
f.L7EWA��IO�.CrT'1�?I
.:��NprlOtUiih � ,y;lrygltp61C1t[3165;
The NSP3 mapping tool now provides s
summary NSP3 score 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 score for each target area along with
the total estimated housing units Irk that
area. At the bottom of the list is a sum of
all housing units In all target areas and the
N81`3 scare far all target areas drawn.
Urerdess are advised to know their state
Writ num and Irthe summary score is tees
than the state minimum the grantee
should delete, add, or revise target areas.
Note that If you delete or add, the tool only
recalculates after you close the "view
Pfojecla" box and reopen It. HUD also
advises grantees to think carefully about
the size of their target areas In total. If
thus target Areas have a very large
number of total housing units relativa to
the dollars available, HUD will likely ask
that the grantee reduce the number andlor
size of their target areas.
Glick ham for an Overview
EXHIBIT E
Neighborhood ID: 6930969
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: Mainlands Section 7
Date:2011-01-18 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: 66
Area Benefit Eligibility
Percent Persons Less than 120% AMI: 84.1
Percent Persons Less than 80% AMI: 66.3
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 USPS below. However, if the Census and USPS 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: 66
Residential Addresses Vacant 90 or more days (LISPS, March 2010): 3
Residential Addresses NoStat (USPS, March 2010): 0 EXHIBIT F
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: 26
Percent of Housing Units with a high cost mortgage between 2004 and 2007: 31.1
Percent of Housing Units 90 or more days delinquent or in foreclosure: 19.3
Number of Foreclosure Starts in past year: 3
Number of Housing Units Real Estate Owned July 2009 to June 2010: 1
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): 1
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
-80.213435 26,196696-80.213435 26.195108-80,212383 26.194463-80.211836 26.194424-80.210956
26.196042-80,210474 26.196090-80.210409 26.196764
Blocks Comprising Target Neighborhood
120110601071011,120110601071013,120110601071012,