1. February 12, 2013

2. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

3. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

4. 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

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

6. 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

7. Background

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

9. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

10. 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

11. 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

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

13. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

14. Program Accomplishments Properties acquired-Orange County 188 Properties assisted-Downpayment150 Demolition of blighted properties 28 Rental units completed264 Total Units 630

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

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

17. Program Accomplishments NSP Clearance/Demolition Activity County Lien Placed on Properties – Code Enforcement Division Total Properties Demolished28 Azalea Park3 Holden Heights13 Meadow Woods2 Pine Hills10 Total Expended on Demolition$246,887

18. 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

19. 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

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

21. Program Accomplishments Program Income Generated Homes are Rehabilitated Foreclosed Homes are acquired from bank Neighborhood Stabilization Program Funds Homes are sold to qualified homebuyers Funds recycled to acquire more homes $7.4 million dollars to date

22. Program Accomplishments NSP 1 Performance Report 7/1/12 – 9/30/12 Counties Grant Amount NSP funding Program Income Received Total Amount Expended Orange County$27,901,773$6,472,605$33,049,783 City of Orlando$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

23. Program Accomplishments NSP 3 Performance Report 7/1/12 – 9/30/12 Counties Grant Amount NSP funding Program Income Total Amount Expended Orange County$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

24. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

25. 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

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

27. 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

28. 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

29. Emerald Villas Groundbreaking Event January 19, 2012

30. Emerald Villas Grand Opening January 30, 2013

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

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

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

34. Presentation Outline Background Program Implementation Program Accomplishments NSP Rental Activity Summary

35. Stabilizing neighborhoods Creating & retaining jobs Supporting green initiatives Redeveloping distressed properties