1. Neighborhood Stabilization Program
DOORWAYS TO COMMUNITY IMPROVEMENT
City of Indio, CA
Neighborhood Stabilization Program
National Development Council Academy

2. Introduction DOORWAYS TO COMMUNITY IMPROVEMENT
Overview – Economic Rollercoaster
PROBLEM - Rapid economic decline following the housing bubble burst
Potential for crime, blight and further depression of property values
Possible out migration of residents
SOLUTION - create a synergistic program that leverages local resources to benefit the community 2

3. Core Program INDIO’S INTERVENTION
Proactively addressed vacant and abandoned Bank Owned Properties
Recognized by U.S. Dept. of Justice
Housing Resource Center
Foreclosure Prevention
Initiated HUD’s Neighborhood Stabilization Program (NSP)
Aggressive effort to acquire REO properties

4. Core Program TARGETING & ACQUISITION
Focus on interior mature neighborhoods:
Target health, safety, & code violations
Improvements range from light to substantial remodels
Primary partners - Fannie Mae & National Community Stabilization Trust
Over 40 properties in inventory
GOAL – extend useful life of homes with sustainable elements

5. Core Program QUALIFYING FAMILIES
Recruitment efforts range from grassroots to social media
Broad range of income levels
Assistance includes credit counseling and rent to own opportunities
Comprehensive marketing outreach - churches, social services, housing fairs, MLS, signage, Facebook, and targeted mailing to renters

6. Using Local Resources FINANCING & USE OF FUNDS
Amount
Neighborhood Stabilization Program (revolves 3 times)
$12,202,000
City of Indio RDA
(also interim purchases)
$725,000
Riverside County FTHB
$571,000
Federal Home Loan Bank (AHP)
$390,000
Indio Water Authority Conservation Rebates
$82,000
Total
$13,970,000
HUD Best Practices Award -
Expedient use of funds
Model forms, fees and oversight

7. Using Local Resources PROJECT PARTNERS
Department of Housing and Urban Development
Indio - Code Enforcement, RDA & Water Agency
Family Development
Rancho Housing Alliance: AAY Realty - Realty agent Lawyers Title Co. - Title escrow Capital Realty Analyst – Appraiser Good Neighbor Services- Housing Counseling Sheltering Wings - Property maintenance Desert ARC - Property maintenance Martha’s Village- House-sitters
Home Depot
WIN Center - Youth Training
Habitat for Humanity
Riverside County EDA

8. Using Local Resources LEVERAGING RESOURCES
GOAL: Reinvestment in the community
Local hiring preference
Local suppliers for services and materials
House sitter program
Localized networks for outreach
Increase in Market Values

9. Project Benefits INNOVATIVE PROJECT
Simple model expanded beyond expectations
Maximizing leveraged resources to generate greatest social and economic impact
Creating partnerships with non-profit and for-profit agencies
Local job creation preference
Job training opportunities for at-risk adults

10. Project Benefits BENEFITS TO FAMILIES
Homeownership opportunities for below poverty to moderate income levels
Rent to own options
Family stability & Financial education
Increased community pride
Sustainable & energy efficient features
Healthy home environment

11. Program Benefits BENEFITS TO THE COMMUNITY
Stabilization of blighted neighboring properties
Infusion of funding back into the City
Retail taxes paid $250,000
Local workforce hiring - Over 1,250 jobs- $2.5 million in wages
Reduction in local crime.
Support for local businesses $2.5 mil. in purchases
Energy and Water Conservation
Increased property values - estimated at 15%

12. DOORWAYS TO COMMUNITY IMPROVEMENT
CONCLUSIONS
DOORWAYS TO COMMUNITY IMPROVEMENT
Project Success & Replication
Realized opportunities never expected
Easily replicated in any community
Grown beyond expectations
Integrated local partnerships/resources
Complements other community programs
Systemic investment in families and neighborhoods