State of Illinois Neighborhood Stabilization Program Illinois Department of Human Services March 2009.

Slides:



Advertisements
Similar presentations
1 The Development Process An Overview Forming the development concept Forming the development concept Evaluating your capacity and the needs of your community.
Advertisements

Presented by Robin Benson - Program Manager
Creating Permanent Supportive Housing with Neighborhood Stabilization Program Corporation for Supportive Housing Supportive Housing Providers Association.
Neighborhood Conservation Initiative Final Application Due January 15, 2009.
On the Road to the 2010 Census The success of the census... it's in our hands Maryland Department of Planning, Governors Office of Community Initiatives,
New York State Division of Housing and Community Renewal The American Recovery and Reinvestment Act: Realizing the Potential of the Weatherization Assistance.
NSP Plan Introduction Activity/ Strategy Estimated Amount Estimated Units A.Establish financing mechanisms for purchase and redevelopment of foreclosed.
Targeting NSP Funds Todd Richardson HUD Office of Policy Development and Research.
Neighborhood Stabilization The Effect of the Foreclosure Crisis on Asset- Building in Minority Communities Insight Center for Community Economic Development.
Potential HUD Funding Opportunities William G. Vasquez Director Office of Community Planning and Development (CPD) Los Angeles Field Office.
CDBG Supplemental Assistance For The Redevelopment of Abandoned And Foreclosed Homes Title III, Section 2301 of the Housing and Economic Recovery Act of.
NeighborWorks ® America Neighborhood Stabilization Program.
Neighborhood Stabilization Program State of Montana Community Development Division Community Development Block Grant Program.
Neighborhood Stabilization Program (NSP) Orange County, Florida.
Federal Reserve Survey of Neighborhood Stabilization Program Paul Wenske Senior Community Affairs Advisor January 27, 2010.
City of Muncie Community Development Department
The Neighborhood Stabilization Program, a CDBG Component US Dept. of Housing and Urban Development Office of Community Planning and Development Neighborhood.
OV # - 1 Michigan Neighborhood Stabilization Program December 3, 2008.
The Neighborhood Stabilization Program and Nonprofit Providers NeighborWorks America ICF International October 31, 2008.
METROPOLITAN WASHINGTON AREA CONSORTIUM NSP2 BRIEFING Neighborhood Stabilization Program 2 (NSP2)
Working Together for Stronger Communities Community Stabilization Initiative NeighborWorks America VISTA Webinar November 15, 2010.
Vermont Neighborhood Stabilization Program (VT NSP) Approved Plan Agency of Commerce and Community Development Department of Housing and Community Affairs.
Vacant Property Working Group (VPWG) Pittsburgh Community Reinvestment Group 1901Centre Avenue, Suite 200 Pittsburgh, PA (412) Staff Contact:
Georgia Department of Community Affairs Mike Beatty, Commissioner
City of Milwaukee Department of City Development Neighborhood Stabilization Program Federal Reserve Conference November 5, 2009.
Thinking strategically about the NSP program Alan Mallach Nonresident Senior Fellow, The Brookings Institution and Senior Fellow, National Housing Institute.
Neighborhood Stabilization Program Round 2 - Consortia Michelle Winters LISC.
1 NEIGHBORHOOD STABILIZATION PROGRAM Title III, Section 2301 of the Housing and Economic Recovery Act of 2008 (HR3221)
IPED Annual Affordable Housing & Development Update: Opportunities in a Changing Economy The Fairmont Miramar Hotel Santa Monica, CA June 4 - 5, 2009.
California Department of Housing and Community Development Deputy Director Chris Westlake - Division of Financial Assistance Neighborhood Stabilization.
NEIGHBORHOOD STABILIZATION PROGRAM A Component of HUD’s Community Development Block Grant (CDBG) Program.
Neighborhood Stabilization Program October 23, 2008.
Neighborhood Stabilization Program
Neighborhood Stabilization Program Tim Waddell, Division Administrator Elyse Shindelar—Program Manager
1 Neighborhood Stabilization Program: Serving Persons with Special Needs Part 1 - NSP Overview Part 2 - Targeting Resources to Special Needs Projects October.
CDBG Neighborhood Stabilization Program (NSP) January 28, NEBRASKA DEPARTMENT of ECONOMIC DEVELOPMENT.
Neighborhood Stabilization Program (NSP) Quarterly Report August 25, 2009.
THE FORECLOSURE CRISIS BAY AREA CASE STUDY. Overview 2  Research Focus  Neighborhood Stabilization Program (NSP)  Bay Area Demographics  Foreclosures.
Homeownership Programs. Neighborhood Stabilization Programs (NSP) Property Requirements Property must be a vacant bank owned foreclosed property. Property.
January 22, 2013Metropolitan Planning Council
Building for Success: Illinois’ Comprehensive Housing Plan Presentation at the MPC Breaking New Ground Roundtable March 14, 2005.
February 7, Presentation Outline Background Program Implementation Program Accomplishments Additional NSP Activity-Rental Summary.
Neighborhood Stabilization Program (NSP) Orange County, Florida.
Neighborhood Stabilization Program (NSP) Update February 16, 2010.
Sustainable Regional Planning in the Chicago Region Chicago Metropolitan Agency for Planning (CMAP) Tuesdays at APA October 25, 2011.
Consolidated Plan Amendment #16 Neighborhood Stabilization Program.
New York State HALT Task Force (“Halt Abusive Lending Transactions”) 1.Since 2007, the Governor’s HALT Task Force has led the coordination of foreclosure.
Neighborhood Stabilization Program. NSP Program Basics Established under the Housing & Economic Recovery Act of 2008 (not ARRA) Based on CDBG regulations.
Georgia’s Neighborhood Stabilization Program Grants Process, Procedures and Timelines.
Money Follows the Person: Annual Housing and Transportation Action Plan Presentation to the Virginia Disability Commission October 8, 2008 Julie A. Stanley,
Presentation Outline Background NSP Plan Requirements Orange County NSP Plan NSP Implementation Strategies Timeline Action Requested.
Neighborhood Stabilization Program Redevelopment of Abandoned and Foreclosed Homes.
Funded by U.S. Department of Housing and Urban Development (HUD) through the State of Florida Department of Economic Opportunity in FY 2012.
Community Stabilization in the Wake of the Foreclosure Crisis Ali Solis, Vice President, Public Policy & Industry Relations Enterprise Community Partners.
February 17, 2009 Orange County Neighborhood Stabilization Program Update.
Single Family Housing Development Program A Briefing to the Housing Committee Housing/Community Services Department November 2, 2015.
2010 North Carolina Affordable Housing Conference Industry Update Bob Kucab, Executive Director North Carolina Housing Finance Agency.
Community Planning and Development Programs. CPD Terms Office of Community Planning and Development – We provide funding to local governments and States.
Neighborhood Stabilization Program “The Power of Community”
Module 1: Eligible Uses, Activities and Properties, and Income Rules.
1 Desert Hot Springs Neighborhood Stabilization Program & Neighborhood Renewal Plan January 2009.
CS/SB 1534 – Housing Assistance Affecting Florida Housing’s State Rental Program Funding Allocation: Mandates Florida Housing reserve a minimum of 5 percent.
GRESHAM & MULTNOMAH COUNTY CDBG / HOME WORKSHOP Program Year
The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Using CDBG and HOME for Housing March 14, 2016 COSCDA Program Managers’
Community Development Block Grant Program The Community Development Block Grant (CDBG) Entitlement Program provides annual grants on a formula basis to.
Section 811 Webinar During the webinar, we will be holding a Q and A session through the GoToWebinar phone system. If you would like to ask questions.
CHRISTIANNE LIND THE FINANCE PROJECT Washington Area Women’s Foundation Stimulus Forum July 22, 2009 ARRA Funding for Asset Building.
Michigan Community Resources Tuesday, July 8, 2014
Affordable/Workforce Housing Issues and Programs
Presentation transcript:

State of Illinois Neighborhood Stabilization Program Illinois Department of Human Services March 2009

Housing & Economic Recovery Act of 2008 (HERA) Overview Passed by Congress in July 2008 Included $3.9B Neighborhood Stabilization Fund Objectives: To stabilize communities affected by the foreclosure crisis by assisting with redevelopment of abandoned and foreclosed homes. Requirement: 18 month obligation period + 4 years to complete project

State of Illinois Allocation HUD allocated funds to all 50 states State of Illinois – NSP entitlement communities: $120M – State allocation: $53M – Total to State: $173M CommunityAllocationCommunityAllocation Aurora$3MKane County$3M Chicago$55MLake County$5M Cicero$2MMcHenry County$3M Cook County$28MRockford$2M DuPage County$5MSt Clair County$2M Elgin$2MWill County$5M Joliet$4MTotal$120M

State Partner Agencies Lead Administering Agency – Illinois Department of Human Services Partner Agencies – Illinois Housing Development Authority – Illinois Department of Commerce and Economic Opportunity

Overall Goals Stabilize areas hardest hit by foreclosures & property abandonment Target resources towards households earning 50% AMI or less Increase community based housing options for DHS populations Ensure complete obligation of funds within 18 month timeframe

Guiding Principles Direct NSP funds to Comprehensive Housing Plan & other initiatives Target innovation in Long Term Care Rebalancing & supportive housing initiatives Encourage partnerships within & among communities for greatest impact

Guiding Principles, cont. Encourage: Diverse & integrated communities Use of private & public resources Green technology, accessibility, adaptability, & other innovative designs Participation by women & minority owned businesses

Plan Objectives Flexibility: Allow applicants to pursue any eligible activity as defined by HUD Statewide application: Geographic Areas of Need – Non-Entitlement Areas; no direct NSP allocation – CDBG Entitlement Area; no direct NSP allocation – CDBG Entitlement Area; NSP Grantee

Eligible Activities Purchase & Rehabilitation of abandoned or foreclosed homes and residential properties for sale or for rent Financing mechanisms Demolition of blighted structures Land banking of foreclosed property Redevelopment of vacant or abandoned property

Eligible Applicants Units of local government (municipalities, counties, etc) Housing Authorities Non-profit developers and organizations For-profit developers

Evaluation Criteria Address area of greatest need Readiness to proceed Capacity to complete project Community impact Target households under 50% AMI Target priority populations

Priority Populations Goal: Use up to 40% NSP funds to households earning 50% AMI or less – Includes States priority special needs populations Housing objectives: – Accessible for-sale and rental units – Permanent Supportive Housing

Technical Assistance Corporation for Supportive Housing & Supportive Housing Providers Association – Permanent Supportive Housing – Development TA Illinois Assistive Technology Program – Homeownership opportunities for individuals with disabilities Illinois Black Chamber of Commerce – BEP vendor assistance

Next Steps: Timeline Request for Proposals posted Applicant Conferences Application Submission Date Application Review period Approval Notification March 4 Mar May 4 Thru June Early-Mid July

Questions? NSP Website: DHS Contacts: – Kirstin Williams, NSP Project Manager – Dean Martinez Special Advisor to the Secretary for NSP IHDA Contact: – Vanessa Hill