1. Funded by U.S. Department of Housing and Urban Development (HUD) through the State of Florida Department of Economic Opportunity in FY 2012.

2.  NSP 3 Funding: $1,029,844 Alachua County Neighborhood Stabilization Program 3

3. 11 NSP 3 Foreclosed Homes Acquired to Date Resale: 5 4 Sold 1 To be repaired. Rental: 6 4 rehabbed 2 To be repaired. Alachua County Neighborhood Stabilization Program 3

4. Alachua County Neighborhood Stabilization Program Neighborhood Stablization Property Conveyance Ordinance Section 31.27 1. Convey without competitive process to a quasi- governmental agency 2. Convey through competitive process to a non- profit organization for permanent rental housing. (Request for Proposals)

5. State of Florida DEO Neighborhood Stabilization Program 3 NSP 3 Rental Sub recipient Timeline July 2013: Met with ACHA re: NSP 3 rental homes. September 2013: Toured 4 homes. ACHA sent Letter of Interest October 22, 2013: Board designated ACHA as NSP 3 Rental Sub recipient. November 2013: Draft Sub Recipient Agreement December 2013: ACHA votes to “bypass” NSP 3 in wake of resignation of its Executive Director. Staff Contacted Meridian Behavioral Healthcare Inc.

6. State of Florida DEO Neighborhood Stabilization Program NSP 3 Rental Sub recipient Timeline January-February 2014: Draft Agreement DEO approved use of Meridian Behavioral Healthcare Inc. as a piggyback procurement. March 2014: Determination made by Purchasing that a separate RFP would be required; could not piggyback on NSP 1 RFP. April 2014: RFP Process began. July 2014: Board approved NHDC as “Sole source” approved by DEO.

7. Alachua County Neighborhood Stabilization Program NHDC Rental Sub recipient Agreement -Fifteen year agreement to transfer ownership of six rental homes to provide affordable rental housing to income eligible households. -Land Use Restriction Agreements -Form of the deeds limited by State Statute: F.S. 125.411 -15 year deferred payment mortgages

8. Alachua County Neighborhood Stabilization Program Staff Recommendation Approve the NSP 3 Rental Sub Recipient Agreement with Neighborhood Housing and Development Corporation Inc., four Land Use Restriction Agreements, four form of the deeds, and authorize chair to sign two original NSP 3 rental sub recipient agreements and four Land Use Restriction Agreements.