1. Neighborhood Stabilization Program March 4, 2009

2. Georgia’s Neighborhood Stabilization Program (NSP I) Georgia Department of Community Affairs

3. Georgia Foreclosure Trend

5. Federal NSP(1) Allocation to Georgia $153,037,451 Total Allocation $153,037,451 Total Allocation $77,085,125 for State NSP $77,085,125 for State NSP 75,952,326 to NSP Entitlements (9) 75,952,326 to NSP Entitlements (9) –Atlanta - DeKalb County –Augusta/Richmond Co. - Fulton County –Clayton County - Gwinnett County –Cobb County - Savannah –Columbus/Muscogee Co.

6. State Action Plan Approved Formula Allocations and Flexible Pool Formula Allocations and Flexible Pool –$54,440,358 (formula) and $19,561,362 (flex) Federal Grant Agreement Expected Soon Federal Grant Agreement Expected Soon –Formula Grants to start thereafter Grant Agreements to Local Govts with General and Special Conditions Grant Agreements to Local Govts with General and Special Conditions

7. $54M in Formula Applications City of Atlanta$3,988,317 Bibb County$4,151,543 Carroll County $2,622,059 Cherokee County$3,210,980 City of Albany & Dougherty County$ 801,214 Cobb County $1,693,221 Coosa Valley RDC Regional App* $6,526,830 City of Covington $ 428,070 Coweta County & City of Newnan $2,124,021 Douglas County $3,809,526 Fayette County $1,178,544 City of Fitzgerald Regional Application** $ 635,201 Fulton County & City of Roswell $3,025,000 Garden City & Chatham County $ 926,308 Gwinnett County $3,004,227 Hall County $2,263,680 Henry County $6,251,265 Houston County $ 622,359 Newton County $1,742,760 Richmond County $ 23,039 Rockdale County $2,700,020 Spalding County $1,475,702 Whitfield County Regional $1,236,472

8. Nature of Formula Applications General in nature and most were not too specific on areas of operation or activities General in nature and most were not too specific on areas of operation or activities Local governments are relying on partners to develop projects Local governments are relying on partners to develop projects Note Awards will carry General and Special Conditions that will require the details of particular programs to be developed prior to undertaking local programs Note Awards will carry General and Special Conditions that will require the details of particular programs to be developed prior to undertaking local programs

9. Typical Special Conditions Approval of agreements with Sub Recipients that spell out administrative responsibilities AND transaction details Approval of agreements with Sub Recipients that spell out administrative responsibilities AND transaction details Approval of legal documents (loan documents, rehabilitation contracts, procurement processes, etc.) Approval of legal documents (loan documents, rehabilitation contracts, procurement processes, etc.) Approval of CDBG administrative frameworks (Revolving Loan Funds for program income, rehabilitation policies, etc.) Approval of CDBG administrative frameworks (Revolving Loan Funds for program income, rehabilitation policies, etc.)

10. Typical Special Conditions Agreement for activities to take place in areas of greatest foreclosure need Agreement for activities to take place in areas of greatest foreclosure need Agreement to adopt standards for counseling, maintaining affordability, building codes, etc. Agreement to adopt standards for counseling, maintaining affordability, building codes, etc. Agreement to follow federal procurement requirements for contractors Agreement to follow federal procurement requirements for contractors

11. Reconciling NSP I with NSP II American Recovery and Reinvestment Act of 2009 makes amendments to HERA American Recovery and Reinvestment Act of 2009 makes amendments to HERA –What’s Retroactive to NSP I and What’s Not? Eligible activities modified Eligible activities modified HERA reinvestment clause repealed to be replaced by CDBG program income rule HERA reinvestment clause repealed to be replaced by CDBG program income rule No demolition of public housing No demolition of public housing –NSP II funding to be competitive

12. Flexible Pool $19,561,362* $19,561,362* NSP funds awarded in flexible pool must be used in conjunction with these programs: NSP funds awarded in flexible pool must be used in conjunction with these programs: –Low Income Housing Tax Credit Program –Permanent Supportive Housing Program –Georgia Dream/NSP Purchase Program –RFP to DCA by COB March 27, 2009 * allocation is approximate and subject to change

13. State NSP “Recipients Workshop” Asking Formula Applicants to hold April 4 th Asking Formula Applicants to hold April 4 th –Discussion of Special and General Conditions –Drawdown Protocols –Update on HUD Guidance –Partner Roundtable and Q&A Tentative Location – The Loudermilk Center Tentative Location – The Loudermilk Center

14. Questions nsp.questions@dca.ga.gov nsp.questions@dca.ga.gov Brian Williamson, Assistant Commissioner Brian Williamson, Assistant Commissioner Glenn Misner, Director, Office of Field Services, Glenn Misner, Director, Office of Field Services, Steed Robinson, Director, Office of Community Development, Steed Robinson, Director, Office of Community Development, Cassandra Knight, Legal Affairs Manager Cassandra Knight, Legal Affairs Manager

15. Cobb County

17. City of Atlanta

19. Douglas County

21. Fulton County

32. Hall County

34. Newnan-Coweta County

36. City of Covington