Скачать презентацию February 12 2013 Presentation Outline Background Скачать презентацию February 12 2013 Presentation Outline Background

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February 12, 2013 February 12, 2013

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

Background • Neighborhood Stabilization Program (NSP) created by Congress to respond to rising residential Background • Neighborhood Stabilization Program (NSP) created by Congress to respond to rising residential foreclosures • Orange County awarded $27. 9 million for NSP 1 in 2009 • $11. 5 million for NSP 3 in 2011 • Primary goals were: • Rapidly reduce vacant and abandoned homes in target areas • Stabilize neighborhoods impacted by foreclosures

Background Foreclosure Filings Clerk of Courts Orange County, Florida Through Nov 2012 Background Foreclosure Filings Clerk of Courts Orange County, Florida Through Nov 2012

Background NSP Program Requirements • Program must serve low to moderate income families • Background NSP Program Requirements • Program must serve low to moderate income families • 25% of program funds must serve very low income families • Selection of target areas with greatest need

Background Background

Background NSP Activities • Acquisition, rehabilitation, sale of foreclosed homes • Acquisition, rehabilitation of Background NSP Activities • Acquisition, rehabilitation, sale of foreclosed homes • Acquisition, rehabilitation of foreclosed rental properties • Demolition of abandoned, blighted properties • Downpayment assistance for Homebuyers

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

Program Implementation NSP Partners • Housing and Community Development Division • Real Estate Division Program Implementation NSP Partners • Housing and Community Development Division • Real Estate Division • Purchasing Division • Code Enforcement Division • Habitat for Humanity Orlando • Realtors • Mortgage Brokers and Financial Institutions • Contractors • Appraisers

Program Implementation County Initiated Acquisition • Orange County coordinates the acquisition, repair and sale Program Implementation County Initiated Acquisition • Orange County coordinates the acquisition, repair and sale of NSP homes • Realtors assist with acquisition and sales • Rehabilitation work conducted by private companies

Program Implementation NSP Outreach and Marketing • Workshop trainings for realtors and lenders • Program Implementation NSP Outreach and Marketing • Workshop trainings for realtors and lenders • Request for qualifications for contractors • NSP homes for sale: - Multiple Listing Service (MLS) - County web site

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

Program Accomplishments Properties acquired-Orange County 188 Properties assisted-Downpayment 150 Demolition of blighted properties Rental Program Accomplishments Properties acquired-Orange County 188 Properties assisted-Downpayment 150 Demolition of blighted properties Rental units completed Total Units 28 264 630

Program Accomplishments Rehabilitation Out To Bid 15 Under Construction 25 Properties Completed 97 Total Program Accomplishments Rehabilitation Out To Bid 15 Under Construction 25 Properties Completed 97 Total Homes 137

Program Accomplishments Home Sales Homes available for sale 2 Homes sold 83 Homes under Program Accomplishments Home Sales Homes available for sale 2 Homes sold 83 Homes under contract 12 Total Homes 97

Program Accomplishments NSP Clearance/Demolition Activity Total Properties Demolished Azalea Park Holden Heights Meadow Woods Program Accomplishments NSP Clearance/Demolition Activity Total Properties Demolished Azalea Park Holden Heights Meadow Woods Pine Hills Total Expended on Demolition 28 3 13 2 10 $246, 887 County Lien Placed on Properties – Code Enforcement Division

Program Accomplishments • Successful partnership with Habitat for Humanity Orlando - Awarded $2. 4 Program Accomplishments • Successful partnership with Habitat for Humanity Orlando - Awarded $2. 4 million to Habitat - Single family acquisition, rehabilitation, and sale to very low income families • Pine Hills targeted area - Acquired 22 homes - Sold 11 homes - 11 under construction

Program Accomplishments Family of Eight • After fleeing their homes in the Congo in Program Accomplishments Family of Eight • After fleeing their homes in the Congo in fear of ethnic genocide, they lived in a refugee camp for 7 years before coming to the U. S. • Employed at Rosen Shingle Creek Hotel for 2 years

Program Accomplishments Robinson Hills Subdivision 634 units total in the subdivision • 7726 Riffle Program Accomplishments Robinson Hills Subdivision 634 units total in the subdivision • 7726 Riffle Lane Purchased 21 homes - 14 Under Rehab - 7 Sold • 7743 Rex Hill Trail Impact to neighborhood 7720 Newlan Drive

Program Accomplishments Program Income Generated Neighborhood Stabilization Program Funds Foreclosed Homes are acquired from Program Accomplishments Program Income Generated Neighborhood Stabilization Program Funds Foreclosed Homes are acquired from bank Homes are Rehabilitated Homes are sold to qualified homebuyers Funds recycled to acquire more homes $7. 4 million dollars to date

Program Accomplishments NSP 1 Performance Report 7/1/12 – 9/30/12 Counties Orange County City of Program Accomplishments NSP 1 Performance Report 7/1/12 – 9/30/12 Counties Orange County City of Orlando Grant Amount NSP funding Program Income Received Total Amount Expended $27, 901, 773 $6, 472, 605 $33, 049, 783 $6, 730, 263 $1, 493, 494 $7, 131, 579 Hillsborough County $19, 132, 978 $1, 742, 350 $12, 354, 793 Duval County- Jacksonville $26, 175, 317 $1, 613, 404 $19, 486, 389

Program Accomplishments NSP 3 Performance Report 7/1/12 – 9/30/12 Grant Amount NSP funding Counties Program Accomplishments NSP 3 Performance Report 7/1/12 – 9/30/12 Grant Amount NSP funding Counties Orange County Program Income Total Amount Expended $11, 551, 158 $0 $4, 288, 315 City of Orlando $3, 095, 137 $0 $568, 959 Hillsborough County $8, 083, 062 $0 $1, 888, 075 Duval County- Jacksonville $7, 102, 937 $0 $169, 307 Osceola County $3, 239, 646 $0 $29, 431 100% expenditure deadline by March 2014

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

NSP Rental Activity Seville Place Apartments/Emerald Villas: • RFP award for Seville Place approved NSP Rental Activity Seville Place Apartments/Emerald Villas: • RFP award for Seville Place approved by the Board on June 8, 2010 • Property located at 3124 North Pine Hills Rd - Across the street from new Evans High School - 444 apartment units • Property was in foreclosure since March 2009

NSP Rental Activity Seville Place Apartments Challenges: • High vacancy rate 70% • High NSP Rental Activity Seville Place Apartments Challenges: • High vacancy rate 70% • High crime rate • Project needs major rehabilitation/ re-developing

NSP Rental Activity Seville Place Apartments/Emerald Villas Scope of Work: • Reduction in density NSP Rental Activity Seville Place Apartments/Emerald Villas Scope of Work: • Reduction in density with demolition of 180 units, bringing complex to 264 units • New flooring, plumbing, windows, cabinets, and appliances • New roofs, landscaping and HVAC systems • New clubhouse with classrooms, business office, fitness center and pool

NSP Rental Activity Emerald Villas Core Partnership Team: • Orange County • Seville Place NSP Rental Activity Emerald Villas Core Partnership Team: • Orange County • Seville Place Preservation LLC (Joint venture) - Related Urban Development Group - Orlando Neighborhood Improvement Corp. • Orange County Housing Finance Authority

Emerald Villas Groundbreaking Event January 19, 2012 Emerald Villas Groundbreaking Event January 19, 2012

Emerald Villas Grand Opening January 30, 2013 Emerald Villas Grand Opening January 30, 2013

Emerald Villas Grand Opening New club house a major focal point for the complex. Emerald Villas Grand Opening New club house a major focal point for the complex.

Emerald Villas Grand Opening Interior of new club house Model Home Emerald Villas Grand Opening Interior of new club house Model Home

Emerald Villas Rents Studio One Bedroom Two Bedroom Three Bedroom $446 a month $461 Emerald Villas Rents Studio One Bedroom Two Bedroom Three Bedroom $446 a month $461 $679 $782 Average Resident Income: $20, 000

Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity Presentation Outline • Background • Program Implementation • Program Accomplishments • NSP Rental Activity • Summary

Summary • Stabilizing neighborhoods • Creating & retaining jobs • Supporting green initiatives • Summary • Stabilizing neighborhoods • Creating & retaining jobs • Supporting green initiatives • Redeveloping distressed properties