U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 1 Neighborhood Stabilization Program NSP ISSUES AND OUTCOMES Arizona.

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Presentation transcript:

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 1 Neighborhood Stabilization Program NSP ISSUES AND OUTCOMES Arizona Housing Alliance March 22, 2012 U.S. Department of Housing and Urban Development

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 2 NSP Issues and Outcomes 2 OVERVIEW CAPACITY STRATEGY POLICY IMPLEMENTATION LASTING OUTCOMES

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 3 NSP Issues and Outcomes 1.Capacity Issues: Experience, Management skills, Organizational breadth, Personnel (at both federal and local levels) Overall Goal: Build capacity for the long term

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 4 NSP Issues and Outcomes Capacity Outcomes: Direct Assistance Training & Clinics Website & Webinars Toolkits & Policy Resources Legacy in the best sense 4

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 5 NSP Issues and Outcomes 2. Strategy Issues: Assumptions, Market knowledge, Relationships, Scale of NSP to problem 5

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 6 NSP Issues and Outcomes Strategy Outcomes: Agility, Adaptation, Interaction, Learning 6

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 7 NSP Issues and Outcomes 3. Policy Issues: Conform to the past or create the future? Correcting market failure from inside. Scale of NSP to foreclosure problem. 7

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 8 NSP Issues and Outcomes Policy Outcomes: Targeting, Leveraging, Collaboration, Sensitivity to local conditions 8

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 9 NSP Issues and Outcomes 4. Implementation Issues: Experienced partners, Private sector links, Appraisals/Financing, Deadlines 9

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 10 NSP Issues and Outcomes Implementation Outcomes: Problem-solving mentality, New policies, Alternative financing, Innovation 10

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 11 NSP Outcomes 5. Long Term Outcomes Capacity building: strategic targeting, collaboration, underwriting, construction/rehabilitation 11

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 12 NSP Outcomes Long Term Outcomes Efficacy of targeting (TRF) Sustainable financing Healthy collaborations 12

U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 13 NSP Outcomes Long Term Outcomes Questioning assumptions: When will rationality return? Is this the end of NSP? Is homeownership sacred? Can we go beyond housing? 13