Grantee: Phoenix, AZ Grant: B-08-MN-04-0505 January 1 ... · January 1, 2010 thru March 31, 2010 Performance Report Grant: B-08-MN-04-0505 Grantee: Phoenix, AZ

January 1, 2010 thru March 31, 2010 Performance Report

B-08-MN-04-0505Grant:

Phoenix, AZGrantee:

Grant Number:B-08-MN-04-0505

Grantee Name:Phoenix, AZ

Grant Amount:$39,478,096.00

Grant Status:Active

Obligation Date:

Award Date:

Contract End Date:

Reviewed and Approved

Review by HUD:

QPR Contact:Chris Hallett

Disasters:

Plan Description:

NSP

Declaration Number

Foreclosures

Recovery Needs:

$0.00

N/A

$4,951,661.00

$5,224,920.00

$2,456,378.00

$3,501,422.00

Obligated CDBG DR Funds

$0.00

$2,582,520.00

Expended CDBG DR Funds

Total Projected Budget from All Sources

Program Income Drawdown

This Report Period

Total CDBG Program Funds Budgeted

$39,395,034.00

$0.00 $0.00

Match Contributed

Program Funds Drawdown

To Date

$5,306,958.43

$17,170,982.00

$39,395,034.00

Overall

Program Income Received

N/A

($8,273,051.00)

Phoenix currently has obligated $17,170,982 (44%), expended $5,306,958 (13 %), and and drawn $4,951,661(13%) of its total $39.4M award. Of the 921 foreclosed homes to be addressed 621 have been acquired\obligated. 61% of the required set aside for households at or below 50% of median income has been obligated. The primary difference between the December and March obligations is the result of changes made to meet thecorrected understanding of the &ldquoaddress specific&rdquo definition of obligation conveyed in February. Thisnew understanding required a revision to our strategic approach to neighborhood revitalization to be more&ldquoopportunitistic." This prompted us to initiate a substantial amendment to our NSP Action Plan Amendment tothe Consolidated Plan, which is expected to be completed by the end of June. Our current strategic approach balances the need to acquire approximately 100 more properties before Septemberwith concentrations in more cluster areas and emphasizes coordination with prevention activities. In addition,intense investor activity continues to plague Phoenix and compromise strategic choices. To address both of theseissues, we&rsquove supplemented the Neighborhood Stabilization Trust acquisition source with additional, moretime and cost intensive yet &ldquostrategic&rdquo efforts. To potentially enlist a higher quality of investor activity in the target areas, we&rsquove reached out to the ArizonaReal Estate Investment Association to conduct a focus group on best approaches and to identify responsibleinvestors. We believe the new definition of foreclosure may provide us greater means of both working strategicallyand with the investor community. Highlights of program outcomes include: P1, Homebuyer Assistance Program 94 households have contracts or have closed on a home. We have 65 eligible households &ldquoshopping&rdquofor homes. Our goal is 188. Innovative efforts since the beginning of the year have included the first auction in the nation dedicated to NSPeligible buyers only; sponsored by Fannie Mae and resulting in 12 homebuyers able to purchase homes. Homeownership fair provided eligible buyers and their realtors with &ldquohow to buy a foreclosed home&rdquo andfour outreach sessions engaged over 100 potential buyers.

Overall Progress Narrative:

Progress Toward Required Numeric Targets

99.99%

$0.00

$0.00

To Date

Limit on Public Services

$5,224,920.00

21.296%Minimum Overall Benefit Percentage

$1,098,864.00

Requirement

Limit on State Admin $0.00

$321,989.00

Limit on Admin/Planning

$5,921,714.40

Required

$3,947,809.60

Minimum Non-Federal Match

Progress Toward Activity Type Targets

Progress Toward National Objective Targets

P2, Home Improvement Program (buyer assistance, rehab) Two households are currently participating in this 203K partnered program with homes under contract and rehaband buyer assistance funded by NSP. Dovetailing the program requirements for 203K and NSP has beenchallenging and we understand from Wells Fargo that Phoenix may be the first in the country to do so. Ms W. is the first participant. She chose a home next door to her son but it needed a great deal of work and ishistoric. It is also in one of the city's Neighborhood Initiative Areas for comprehensive revitalization. Staff, WellsFargo, the contractor and customer worked patiently together to realize her goal and she will be moving in thissummer. Phoenix has initiated an Action Plan amendment to move most of the funds in this program to P3, Move In Ready,given the address specific definition correction noted above. Given the cost effectiveness of this program, we intendit pursue it in our NSP2 award. We anticipate requesting HUD assistance to simplify dovetailing the programsacross CPD and FHA based on contacts made at the NSP Boot Camp. P3, Move In Ready Program (buyer assistance, acquisition, rehab) 27 net new properties were in contract or closed this past quarter. The NSP team expects to obligate a minimum of20 properties in April and another 35+ in May. Approximately 20 properties have been or are being bid, with one inconstruction. Asbestos abatement has delayed rehabilitations with changes in County permit requirements. Fourhomes have buyer reservations from a homebuyer fair. The partners in this program, along with the city, have aggressively ramped up acquisition efforts by adding two newsellers, working with Fannie Mae on a structured sale, pursuing MLS properties despite investor activity and'courting' the most active listing agents. These new strategies were gleaned from the HUD and Living Citiessponsored NSP Boot Camp. To illustrate how we&rsquore involving neighbors, a project manager recently enlisteda passing teen to help pick the colors for the new home. P4, Multi Family Rehab (acquisition, rehab- addresses the 25% set aside) 523 multi family rental homes have been obligated at one project, Park Lee and two other projects have City Councilapproval. Park Lee's rehabilitation will start in July. The project represents 61% of our set aside goal for very lowincome households. Of the two Council approved projects, one will be obligated under this NSP program and the other under the ARRAfunded NSP2; whichever is first able to enter into an acquisition contract. The 80 unit Royal Suites, which will serve53 special needs households has encountered delays with a change in ownership of the REO seller. The secondproject, Santa Fe Springs, will serve 310 households. P5, Redevelopment (acquisition, demolition primarily) 4 properties have been obligated and 2 closed under this acquisition and demolition program targeting ourcomprehensive revitalization areas. The program will address the most deteriorated properties, protecting the longterm investment in these neighborhoods. Costs under this program are far less than expected; some of the fundingwill be reduced through the Action Plan amendment and moved to the Move In Ready program. A prime example of the objective of this program is the targeted acquisition of a small multi family property thatVillage Center neighbors call &ldquothe barracks " located next to a transit center. The vacant and boardedproperty has been a source of repeated vandalism, graffiti and vagrants. The barracks is in receivership and FannieMae has been working through title problems, expecting to initiate a foreclosure in the next few weeks.

Project SummaryProject #, Project Title This Report Period To Date

Program FundsDrawdown

Project FundsBudgeted

Program FundsDrawdown

9999, Restricted Balance $0.00 $0.00 $0.00

NSP1, Financing Mechanisms - DPA Only $781,681.00 $4,160,695.00 $1,146,681.00

NSP2, Financing Mechanisms - DPA w/ Rehab $120,105.00 $9,533,249.00 $190,586.00

NSP3, Acquisition/Purchase and Rehab - SFR/HO $1,234,151.00 $6,800,142.00 $1,408,963.00

NSP4, Acquisition/Purchase and Rehab - MF Rental $738,157.00 $10,659,086.00 $885,178.00

NSP5, Demolition - Blighted Structures $128,513.00 $4,377,114.00 $221,389.00

NSP6, Administration and Planning $498,815.00 $3,947,810.00 $1,098,864.00

Activities

Grantee Activity Number:

Projected Start Date:

Overall

$368,480.00

NSP Only - LMMI CHRA-Community Housing Resources of Arizona


Match Contributed

$368,480.00

N/A

$439,289.00

$0.00

$368,480.00

$173,794.43


National Objective:


Activity Status:



Projected End Date:


NSP1D-CHRA

$0.00

$0.00

$0.00

Jan 1 thru Mar 31, 2010

Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$368,480.00

To Date

03/11/2009

$0.00


Responsible Organization:

$0.00

Homeownership Assistance to low- and moderate-income Under Way

Activity Description:

The City will provide homeownership assistance (an NSP &ldquoFinancing Mechanism&rdquo) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier3 areas that require no rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target populationwould be FHA creditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected thatsome buyers below 80% of median income could also be served. The City will ensure continued affordability of assisted unitsby adopting, at a minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5years $15,001 - $40,000 10 years > $40,000 15 years

Location Description:

The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem.

From Jan 1, 2010 to March 31,twenty-nine (29) households purchased foreclosed homes using NSP funds. In addition, ninety-eight (98) households werereferred to CHRA after having obtained conditional loan approvals from local lenders and deemed ready for homeownership bythe counseling agencies. Sixty-five (65) households are &ldquoin the pipeline&rdquo as deemed eligible for NSP assistance byCHRA and are actively searching for foreclosed homes. The state of the economy coupled with aggressive investor activity andthe steady of stream of foreclosures caused many buyers to delay or purchase outside Phoenix limits. With partneredassistance, grass-root outreach efforts were implemented to encourage more tenants, currently living in multi-family complexesin Phoenix, to become homeowners.

Activity Progress Narrative:

Homebuyer Assistance ProgramActivity Title:

Project Number:

NSP1

Project Title:

Financing Mechanisms - DPA Only

$173,794.43$0.00CHRA-Community Housing Resources of Arizona

Performance MeasuresThis Report Period Cumulative Actual Total / Expected

Low Mod Total Low Mod Total

0 0/0 0/0 5/188# of housing units 0 0

0 0/50 1/138 5/188# of Households benefitting 0 0

No Activity Locations found.

Activity Locations

No Other Funding Sources Found

Other Funding Sources Amount

Total Other Funding Sources

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail



Overall

$2,820,000.00

NSP Only - LMMI COP-NSD


Match Contributed

$2,820,000.00

N/A

$4,785,631.00

$0.00

$870,000.00

$885,000.00


National Objective:


Activity Status:



Projected End Date:


NSP1D-DPA

$443,188.00

$0.00

$0.00


Activitiy Category:

$0.00

$2,582,520.00

N/A

03/11/2013

($2,298,670.00)

To Date

03/11/2009

$808,188.00



$345,558.00






From Jan 1, 2010 to March 31, 2010, twenty-nine (29) households closed escrow on homes. These 29 addresses are reportedhere and represent a total of approximately $2.5 million in matching funds in the form of first mortgages. Eighty-six (86%) ofthose households chose to purchase homes located in Tier 2 and 3 neighborhoods considered hardest hit by foreclosures. Inaddition, ninety-eight (98) households were referred to CHRA after having obtained conditional loan approvals from locallenders and deemed ready for homeownership by the counseling agencies. Sixty-five (65) households are &ldquoin thepipeline&rdquo with CHRA and are actively searching for foreclosed homes with their respective realtors. The state of theeconomy coupled with aggressive investor activity and the steady of stream of foreclosures caused many buyers to delay orpurchase outside Phoenix limits. With the concerted efforts of NSP partners, grass-root outreach efforts were implemented toencourage more residents to learn of the homeownership opportunities that the Phoenix NSP can provide.


Homebuyer AssistanceActivity Title:

Project Number:

NSP1

Project Title:


$885,000.00$345,558.00COP-NSD




The obligation represents funds already spent. The reduction in the obligation reflects a change in our understanding ofobligation. We contracted with CHRA to administer the loan funds and had placed all the homebuyer assistance funds in theircontract, believing that we have thereby obligated the funds. We have made that correction this quarter.

Activity LocationsAddress City State Zip

NALaveen6892 W. Maldonado Rd. 85339

NAPhoenix3015 S 71st Dr 85043

NAPhoenix1543 W. Saint Catherine Ave. 85041

NAPhoenix5138 W Catalina 85031

NAPhoenix3941 W. Irwin 85041

NAPhoenix3024 W. Salter Dr 85027

NAGlendale4255 W Camino Vivaz 85310

NAPhoenix4513 S. 23rd Lane 85041

NAPhoenix1109 W. Sequoia Dr. 85027

NAPhoenix2830 W. Muriel Dr. 85053

NAPhoenix9527 W. Monte Vista Rd. 85037

NAPhoenix1914 E Wagoner Rd. 85022

NAPhoenix19826 N 15th Ave 85027

NAPhoenix4040 W Joan of Arc Ave 85029

NAPhoenix1707 E. Sandra Terrace 85022

NAPhoenix2925 W. Pecan Rd 85042

NALaveen5111 W. Bowker St. 85339

NAPhoenix22217 N 29th Drive 85027

NAPhoenix3609 W Sharon Ave 85029

NALaveen6826 W Alta Vista Road 85339

NAPhoenix14203 N. 19th Ave. #2053 85023

NAPhoenix8823 W. Turney Ave. 85037

NAPhoenix16237 N. 16th Place 85022

NAPhoenix1628 W. Voltaire Avenue 85029

NAPhoenix4702 N. 91st Drive 85037

NAPhoenix2241 S. 71st Drive 85043

NAPhoenix6938 W. Melvin Street 85043

NAPhoenix2149 W. Keim Dr. 85015

NALaveen6430 W. Harwell Rd. 85339








Overall

$152,468.00

NSP Only - LMMI Housing Counseling Agencies


Match Contributed

$152,468.00

N/A

$0.00

$0.00

$152,468.00

$24,183.00


National Objective:


Activity Status:



Projected End Date:


NSP1D-HoCos

$85,995.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$152,468.00

To Date

03/11/2009

$85,995.00



$24,183.00






Five HUD-certified nonprofit housing counseling agencies are under contract to provide housing counseling services to



Project Number:

NSP1

Project Title:


$24,183.00$24,183.00Housing Counseling Agencies



0 0/0 0/0 0/188# of housing units 0 0


potential NSP buyers. These agencies provide the required homebuyer education, one-on-one counseling and prepare referralsto the loan administrator. Their fees are charged to the public service component of our demolition program, NSP5, until theclients have closed escrow on a home. At that time, the expense is charged to the appropriate program and deducted from thepublic service category. The obligation reflects support services contracted with the housing counseling agencies.Performance measures are reported in NSP1D-DPA.


Activity Locations








Overall

$554,985.00



Match Contributed

$554,985.00

N/A

$0.00

$0.00

$221,537.00

$221,394.00


National Objective:


Activity Status:



Projected End Date:


NSP1D-PHX

$221,394.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$221,537.00

To Date

03/11/2009

$221,394.00



$221,394.00








This activity reflects the expenses associated with the program incurred by the city, including environmentals, appraisals ifneeded and implementation staff.Obligation reflects funds actually spent.Performance measures are reported in NSP1D-DPA.



Project Number:

NSP1

Project Title:


$221,394.00$221,394.00COP-NSD

0 0/0 0/0 0/188# of housing units 0 0



Activity Locations








Overall

$264,762.00

NSP Only - LMMI ROI


Match Contributed

$264,762.00

N/A

$0.00

$0.00

$264,762.00

$31,104.00


National Objective:


Activity Status:



Projected End Date:


NSP1D-ROI

$31,104.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$264,762.00

To Date

03/11/2009

$31,104.00



$31,104.00






This real estate firm has been contracted to provide customer advisory services, six days a week, to potential buyers, realtorsand lenders interested in learning more about the program. ROI&rsquos team is responsible for managing the &lsquofrontdoor&rsquo for the program by responding to NSP inquiries and serving as a guide and single point of contact for the buyer. Their vast experience in real estate serves a key role in conveying the program&rsquos expectations and opportunities and tocoordinate activity between the roles of the housing counseling agencies, the loan administrator, real estate community and thecity. In addition to the customer advisory function, their active role in program outreach included re-vamping the NSP websitethis past quarter and implemented grass-root outreach efforts. Obligation reflects support services activities in the ROI Properties contract.



Project Number:

NSP1

Project Title:


$31,104.00$31,104.00ROI



0 0/0 0/0 0/188# of housing units 0 0



Activity Locations








Overall

$408,660.00



Match Contributed

$408,660.00

N/A

$0.00

$0.00

$408,660.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP2D-CHRA

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$408,660.00

To Date

03/11/2009

$0.00



$0.00



The City will provide homeownership assistance (an NSP &ldquoFinancing Mechanism&rdquo) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 2 and Tier 3 areasof greatest need which require rehabilitation to meet lender requirements and the City&rsquos Rehab Standards, describedelsewhere in the Action Plan. Assistance will be provided as a loan that includes homebuyer assistance and pays the cost ofrehabilitation, much like the FHA 203(k) loan program. Target population will be FHA creditworthy borrowers with incomes at orbelow 120% AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also beserved. The City will ensure continued affordability of assisted units by adopting, at a minimum, the HOME program standard:Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Homeownership Assistance with Rehabilitationwill be primarily targeted in Tier 2 and Tier 3 areas of greatest need.

During the first quarter of 2010, staff overcame legal and FHA insurance underwriting logistics in reconciling with 203k lendersmanagement of their renovation accounts. CHRA was contracted to provide loan administration services for this program. Although the Home Improvement Program (HIP) had no closing activity this past quarter, staff proceeded with implementing a&ldquopilot home improvement program&rdquo by inviting those households deemed eligible by CHRA to an informationalsession on February 10, 2010. Representatives from ROI and CHRA and city staff were on hand to field questions and fromthis effort, two households were processed. By next quarter, one buyer is expected to close escrow and commence rehabusing an FHA 203k loan product and the other buyer is actively pursuing a purchase of a HUD home using a


Home Improvement ProgramActivity Title:

Project Number:

NSP2

Project Title:

Financing Mechanisms - DPA w/ Rehab

$0.00$0.00CHRA-Community Housing Resources of Arizona



0 0/0 0/0 0/139# of housing units 0 0


conventional loan product. Obligation reflects funds in the contract with CHRA for support services for loan administration. Performance measures will be reported in NSP2D-DPA.


Activity Locations








Overall

$2,085,000.00



Match Contributed

$2,085,000.00

N/A

$0.00

$0.00

$15,000.00

$24,544.00


National Objective:


Activity Status:



Projected End Date:


NSP2D-DPA

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

($2,879,032.00)

To Date

03/11/2009

$0.00



$0.00






During the first quarter of 2010, staff overcame legal issues and FHA insurance underwriting logistics in reconciling with the203k lender&rsquos management of their renovation accounts. CHRA was contracted to provide loan administration servicesfor this program. Although the Home Improvement Program (HIP) had no closing activity this past quarter, staff proceeded withimplementing a &ldquopilot home improvement program&rdquo. ROI Properties solicited interest from households deemedeligible by CHRA and encouraged them to attend an informational session on February 10, 2010. Representatives from ROIand CHRA and city staff were on hand to field questions and from this effort and as a result, two households entered intocontracts to purchase homes located in Tier 3 zip codes. One buyer is moving forward with an FHA 203k loan product and the



Project Number:

NSP2

Project Title:


$24,544.00$0.00CHRA-Community Housing Resources of Arizona



0 0/0 0/0 0/139# of housing units 0 0


other buyer will purchase a HUD home with a conventional loan product. Obligation reflects the homebuyer assistance for one property in escrow. The net reduction in the obligation reflects a changein our understanding of obligation. We contracted with CHRA to administer the loan funds and had placed all the homebuyerassistance funds in their contract, believing that we had thereby obligated the funds. A correction to the obligation was madethis quarter.


Activity Locations








Overall

$112,729.00



Match Contributed

$112,729.00

N/A

$0.00

$0.00

$112,729.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP2D-HoCos

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2011

$112,729.00

To Date

03/11/2009

$0.00



$0.00






During this past quarter of 2010, staff overcame FHA insurance underwriting logistics and legal issues in reconciling with a203k lender&rsquos management of their renovation accounts for the Home Improvement Program. Although the HomeImprovement Program (HIP) had no closing activity this past quarter, five HUD-certified, non-profit housing counseling agenciesprepared households for NSP eligibility by providing an 8-hour homebuyer education course and conducting one-on-onecounseling session s. Their primary charge is to determine a borrower(s) readiness for successful homeownership prior toreferring them to the loan administrator, CHRA. Their fees are charged to the public service component of our demolitionprogram, NSP5, until the clients have closed escrow on a foreclosed home. At that time, the expense for delivering these



Project Number:

NSP2

Project Title:


$0.00$0.00Housing Counseling Agencies



0 0/0 0/0 0/139# of housing units 0 0


services is charged to the appropriate program and deducted from the public service category. The obligation reflects support services contracted with the housing counseling agencies.


Activity Locations








Overall

$312,709.00



Match Contributed

$312,709.00

N/A

$0.00

$0.00

$40,415.00

$40,042.00


National Objective:


Activity Status:



Projected End Date:


NSP2D-PHX

$22,903.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$40,415.00

To Date

03/11/2009

$40,042.00



$40,042.00






During this past quarter of 2010, staff overcame FHA insurance underwriting logistics and legal issues in reconciling with a203k lender&rsquos ability to co-manage their renovation accounts with the city. The city issued a solicitation for lendingpartners specific for the Home Improvement Program (HIP) with the plan to execute program-wide memorandum ofagreements. As a result of working through those logistics, the program had limited activity this past quarter. In spite of this,staff implemented a &ldquopilot home improvement program&rdquo whereby ROI Properties solicited interest from householdsdeemed eligible by CHRA and encouraged them to attend an informational session on February 10, 2010. From this effort, twohouseholds signed contracts to purchase homes located in Tier 3 zip codes which represents areas hardest hit by



Project Number:

NSP2

Project Title:


$40,042.00$40,042.00COP-NSD



0 0/0 0/0 0/139# of housing units 0 0


foreclosures. One buyer is moving forward with an FHA 203k loan product to leverage their NSP funds and the other buyer isactively pursuing a HUD home with a conventional loan product. This activity reflects the expenses associated with the program incurred by the city, including environmental, appraisals, ifneeded, and implementation staff. Obligation reflects funds actually spent.


Activity Locations








Overall

$199,018.00

NSP Only - LMMI ROI


Match Contributed

$199,018.00

N/A

$0.00

$0.00

$199,018.00

$26,315.00


National Objective:


Activity Status:



Projected End Date:


NSP2D-ROI

$26,315.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$199,018.00

To Date

03/11/2009

$26,315.00



$26,315.00






During the first quarter of 2010, staff overcame FHA insurance underwriting logistics and legal issues in reconciling with a 203klender&rsquos ability to co-manage their renovation accounts with the city. As a result of working through those logistics, staffimplemented a &ldquopilot home improvement program&rdquo whereby ROI Properties solicited interest from householdsdeemed eligible by CHRA and encouraged them to attend an informational session on February 10, 2010. From this effort, twohouseholds signed contracts to purchase homes in need of rehab. ROI&rsquos strength in real estate played a key role inconveying the program&rsquos expectations and opportunities and to coordinate activity for the buyer between the roles of thehousing counseling agencies, the loan administrator, real estate community and the city. In addition, their active role in



Project Number:

NSP2

Project Title:


$26,315.00$26,315.00ROI



0 0/0 0/0 0/139# of housing units 0 0


program outreach resulted in re-vamping the NSP website this past quarter and implementing grass-root outreach efforts. Obligation reflects support service activities in the ROI Properties contract.


Activity Locations








Overall

$235,810.00

NSP Only - LMMI FSL--Foundation for Senior Living


Match Contributed

$235,810.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP2R-FSL

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00

Rehabilitation/reconstruction of residential structures Under Way





During the first quarter of 2010, staff overcame FHA insurance underwriting logistics and legal issues in reconciling with a 203klender&rsquos ability to co-manage their renovation accounts with the city. The city issued a solicitation for lending partnersspecific for the Home Improvement Program (HIP) with the plan to execute program-wide memorandum of agreements. As aresult of working through those logistics, the program had limited activity this past quarter. FSL was contracted to provide rehabilitation services for Home Improvement Program participants and all the homebuyerassistance and rehab funding allocations were placed in their contract, believing that the funds were considered obligated.



Project Number:

NSP2

Project Title:


$0.00$0.00FSL--Foundation for Senior Living



0 0/0 0/0 0/139# of Properties 0 0

Recent clarifications of our understanding of the obligation definition may cause us to amend both the NSP1 and NSP2programs to allow this program to move out of NSP1 program and into the NSP2 program.


Activity Locations








Overall

$267,340.00

NSP Only - LMMI NFWSC--National Farm Workers Service Center


Match Contributed

$267,340.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP2R-NFWSC

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00






During the first quarter of 2010, staff overcame FHA insurance underwriting logistics and legal issues in reconciling with a 203klender&rsquos ability to co-manage their renovation accounts with the city. The city issued a solicitation for lending partnersspecific for the Home Improvement Program (HIP) with the plan to execute program-wide memorandum of agreements. As aresult of working through those logistics, the program had limited activity this past quarter. NFWSC was contracted to provide rehabilitation services for Home Improvement Program participants and all the homebuyerassistance and rehab funding allocations were placed in their contract, believing that the funds were considered obligated.



Project Number:

NSP2

Project Title:


$0.00$0.00NFWSC--National Farm Workers Service Center



0 0/0 0/0 0/43# of Properties 0 0

Recent clarifications of our understanding of the obligation definition may cause us to amend both the NSP1 and NSP2programs to allow this program to move out of NSP1 and into NSP2 program.


Activity Locations








Overall

$2,511,983.00



Match Contributed

$2,511,983.00

N/A

$0.00

$0.00

$30,730.00

$124,229.00


National Objective:


Activity Status:



Projected End Date:


NSP2R-PHX

$70,887.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$30,730.00

To Date

03/11/2009

$124,229.00



$124,229.00






During the first quarter of 2010, staff overcame legal and FHA underwriting logistics in reconciling with 203k lenders andmanagement of renovation accounts. CHRA was contracted to provide loan administration services for this program. Althoughthe Home Improvement Program (HIP) had no closing activity this past quarter, staff proceeded with implementing a&ldquopilot home improvement program&rdquo by inviting only those households deemed eligible by CHRA to an informationalsession on February 10, 2010. Representatives from ROI and CHRA and city staff were on hand to field questions and fromthis effort, two households were processed. By next quarter, one household is expected to close escrow and commence rehabwith NSP rehab funds leveraged by their FHA 203k loan product. The other household is pursuing the purchase of a HUD



Project Number:

NSP2

Project Title:


$124,229.00$124,229.00COP-NSD



0 0/0 0/0 0/139# of Properties 0 0

home with a conventional loan product. FSL and NFWSC were contracted to provide rehabilitation services for Home Improvement Program participants and all thehomebuyer assistance and rehab funding allocations were placed in their contracts, believing that the funds were consideredobligated. Recent clarifications of our understanding of the obligation definition may cause us to amend both the NSP1 and NSP2programs to allow this program to move out of NSP1 and into NSP2 program.


Activity Locations








Overall

$3,400,000.00



Match Contributed

$3,400,000.00

N/A

$0.00

$0.00

$139,879.00

$75,438.00


National Objective:


Activity Status:



Projected End Date:


NSP2R-REH

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

($5,657,806.00)

To Date

03/11/2009

$0.00



$0.00



The City will provide homeownership assistance (an NSP &ldquoFinancing Mechanism&rdquo) in the form of subordinatemortgages to assist qualified LMMI homebuyers occupy and rehabilitate foreclosed or abandoned single-family homes in Tier 2and Tier 3 areas of greatest need which require rehabilitation to meet lender requirements and the City&rsquos RehabStandards, described elsewhere in the Action Plan. Assistance will be provided as a loan that includes the cost of rehabilitation,much like the FHA 203(k) loan program. Target population will be FHA creditworthy borrowers with incomes at or below 120%AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also be served. TheCity will ensure continued affordability of assisted units by adopting, at a minimum, the HOME program standard: Per-unit NSPAssistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years



During the first quarter of 2010, staff overcame legal and FHA underwriting logistics in reconciling with 203k lenders andmanagement of renovation accounts. CHRA was contracted to provide loan administration services for this program. Althoughthe Home Improvement Program (HIP) had no closing activity this past quarter, staff proceeded with implementing a&ldquopilot home improvement program&rdquo by inviting only those households deemed eligible by CHRA to an informationalsession on February 10, 2010. Representatives from ROI and CHRA and city staff were on hand to field questions and fromthis effort, two households were processed. By next quarter, one household is expected to close escrow and commence rehabwith NSP rehab funds leveraged by their FHA 203k loan product. The other household is pursuing the purchase of a HUD



Project Number:

NSP2

Project Title:


$75,438.00$0.00COP-NSD



0 0/0 0/0 0/139# of Properties 0 0

0 0/0 0/0 0/139# of housing units 0 0


home with a conventional loan product. FSL and NFWSC were contracted to provide rehabilitation services for Home Improvement Program participants and all thehomebuyer assistance and rehab funding allocations were placed in their contracts, believing that the funds were consideredobligated. Recent clarifications of our understanding of the obligation definition may cause us to amend both the NSP1 and NSP2programs to allow this program to move out of NSP1 and into NSP2 program. Obligation reflects rehab expenses in cost estimates for two homes under purchase contract.


Activity Locations








Overall

$1,069,316.00



Match Contributed

$1,069,316.00

N/A

$0.00

$0.00

$1,069,316.00

$1,063,398.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-ACQ

$1,050,346.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$95,791.00

To Date

03/11/2009

$1,062,260.00



$312,134.00

Acquisition - general Under Way


The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will average at least15% below current appraised value, unless an acceptable methodology is developed to justify an average discount as low as10%. NSP funds will also pay for allowable rehab costs. This activity will be focused on Tier 2 and Tier 3 areas of greatest needso as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbedhomes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at or below 120%AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also be served.Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop the property,including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, in which casethey may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residence may qualifyfor Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at a minimum,the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10years > $40,000 15 years


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Acquisition and Rehabilitation of ForeclosedSingle Family Homes will be primarily targeted in Tier 2 and Tier 3 areas of greatest need, defined elsewhere in the NSP ActionPlan, with limited targeting in Tier 1areas of greatest need on an exception basis.


Move In Ready ProgramActivity Title:

Project Number:

NSP3

Project Title:

Acquisition/Purchase and Rehab - SFR/HO

$1,063,398.00$312,134.00COP-NSD



0 0/0 0/0 12/85# of Properties 0 1

0 0/0 0/0 12/85# of housing units 0 1


0 0/0 0/0 12/85# of Parcels acquired voluntarily 0 1

At the 1st quarter of 2010, City of Phoenix, Foundation for Senior Living, National Farm Workers Service Center andNeighborhood Housing Services of Phoenix had inspected and evaluated 270 foreclosed properties. The program closed on 3foreclosed properties and entered into purchased contracts on 24 additional foreclosed properties. All properties underpurchase contract are expected to close in the next reporting period. In the 21 hardest hit zip codes, Program 3 has aconcentration of acquisition activity in 11 of the 21 Tier 3 Zip Codes so far. The City and our NSP partner have cluster andtargeted acquisitions within subdivision, city blocks and high visible locations near schools, employment centers, transportationcorridors and area amenities. The program continues to seek neighborhood involvement with identifing foreclosed propertiesthrough outreach to block watch groups, neighborhood associations and community leaders and groups. In addition theprogram has acquired and continues to balance between old and newer homes for better buyer selection and resaleopportunities. Investor activity continues to be a challenge in the hardest hit foreclosed zip codes. The City of Phoenix and NSP partnerscontinue to develop relationships in the investor community, real estate professionals, REO asset manager and lenders toincrease availability and access to foreclosed properties. To date the Neighborhood Community Stabilization Trust has beenour biggest partner. The obligation reflects funds already spent and a portion of the purchase contracts in place. An adjustment of the activitybudgets in the next period will allow for additional funds to be obligated.


Activity Locations








Overall

$634,316.00



Match Contributed

$634,316.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-FSL

$112,869.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$236,985.00



$0.00








Project Number:

NSP3

Project Title:





0 0/0 0/0 2/85# of housing units 0 2

Foundation for Senior Living (FSL) closed on 2 properties and entered into purchased contracts on additional 11 foreclosedproperties. FSL year to date has 8 foreclosed properties closed. FSL has 13 of the 21 hardest zip codes assigned to them. The 13 zip codes cover very different geographical areas and dynamics. Investor activity continues to be a challenge in thehardest hit foreclosed zip codes despite the market decline. FSL will continue to make progress towards meeting and exceeding the expected goal of acquisitions of 14 foreclosedproperties per month. An adjustment of the activity budgets in the next period will allow for current purchase contracts to be obligated.


NAPhoenix1721 W Surrey Lane 85029

NAPhoenix1718 W. Lydia Lane 85041








Overall

$742,705.00



Match Contributed

$742,705.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-NFWSC

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00COP-NSD



0 0/0 0/0 1/85# of housing units 0 1

Activity should be identified as "NFWSC" rather that "none". This will be corrected in next action plan.National Farm Workers Service Center (NFWSC) closed on 1 property and entered into purchased contracts on additional 11foreclosed properties. NFWSC year to date has 7 foreclosed properties closed. Eight of the twenty-one hardest hit foreclosedzip codes are assigned the NFWSC. The zip codes are predominately older stock homes in declining markets with low resalevalue. A high cost of rehabilitation has been a challenge in the older subdivision with low resale value. Investor activitycontinues to be a challenge in the hardest hit foreclosed zip codes despite the low resale value. NFWSC will continue to make progress towards meeting and exceeding the expected goal of 14 acquisitions of foreclosedproperties per month. An adjustment of the activity budgets in the next period will allow for current purchase contracts to be obligated.


NAPhoenix7935 W Clayton Drive 85033








Overall

$34,613.00

NSP Only - LMMI NHSP-Neighborhood Housing Services of Phoenix


Match Contributed

$34,613.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-NHS

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00NHSP-Neighborhood Housing Services of Phoenix



0 0/0 0/0 0/8# of housing units 0 0

Neighborhood Housing Services of Phoenix (NHSP) has not closed on any properties this reporting period but has entered into2 purchase contracts that are expected to close in the next reporting period. An 11-city-block area with historical significancehas been assigned to NHSP. A challenge for this contracted area is the investor activity, cost of historical rehabilitation, lowresale value and availability of foreclosure inventory. The neighborhood is significant to the program because of the close proximity to downtown, historical significance and strongcommunity involvement. The city has invested resources and funds to remove blight and revitalize the neighborhood before the market declined. Thestrategic acquisition approach is to protect past investment and to provide a barrier to prevent further decline. NHSP continues to make progress towards the acquisition goal of eight foreclosed properties. An adjustment of the activity budgets in the next period will allow for current purchase contracts to be obligated.


Activity Locations








Overall

$26,520.00



Match Contributed

$26,520.00

N/A

$0.00

$0.00

$3,188.00

$3,188.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-PHX

$3,188.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$3,188.00

To Date

03/11/2009

$3,188.00



$3,188.00








Project Number:

NSP3

Project Title:


$3,188.00$3,188.00COP-NSD



0 0/0 0/0 0/85# of housing units 0 0

The City of Phoenix continues to develop new sources of prospect properties for the Move-In Ready Program. In addition toextensive use of the National Community Stabilization Trust, use of Fannie Mae&rsquos Homepath service and enhancing thesuccess rate on Multiple Listing Service (MLS) properties have gotten greater emphasis by the City and development partnersNational Farm Workers Service Center and Foundation for Senior Living, in conjunction with ROI Properties, a real estatebrokerage under NSP contract.Acquisition expenses include: historical and environmental review and assessment, property appraisal, acquisition consultants,rehabilitation feasibility assessment, foreclosure data mining, real estate due diligence, closing costs, property maintenanceand implementation staff. Obligation reflects funds already spent. Performance measures are reported in either NSP3A-ACQ or NSP3A-FSL or NSP3A-NONE.


Activity Locations








Overall

$3,750.00

NSP Only - LMMI ROI


Match Contributed

$3,750.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3A-ROI

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00



The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will average at least15% below current appraised value, unless an acceptable methodology is developed to justify an average discount as low as10%. NSP funds will also pay for allowable rehab costs. This activity will be focused on Tier 2 and Tier 3 areas of greatest needso as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbedhomes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at or below 120%AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also be served.Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop the property,including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, in which casethey may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residence may qualifyfor Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at a minimum,the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10years > $40,000 15 years.





Project Number:

NSP3

Project Title:


$0.00$0.00ROI



0 0/0 0/0 0/85# of housing units 0 0

This real estate firm has been contracted to provide services to potential buyers in the program and to coordinate activitybetween the housing counseling agencies, the loan administrator and the city. Obligation reflects support services activities in the ROI Properties contract. Performance measures reported in NSP3A-ACQ, NSP3A-FSL, NSP3A-NHS, or NSP3A-NONE.


Activity Locations








Overall

$166,600.00



Match Contributed

$166,600.00

N/A

$0.00

$0.00

$166,600.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3D-CHRA

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$166,600.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00CHRA-Community Housing Resources of Arizona



0 0/0 0/0 0/85# of housing units 0 0

CHRA will administer homebuyer assistance once Program 3 has properties that are available for resale. Obligation reflects funds in the contract with CHRA for support services for loan administration. Performance measures will be reported in NSP3D-DPA.


Activity Locations








Overall

$1,275,000.00



Match Contributed

$1,275,000.00

N/A

$0.00

$0.00

$600,000.00

$13,222.00


National Objective:


Activity Status:



Projected End Date:


NSP3D-DPA

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

($997,618.00)

To Date

03/11/2009

$0.00



$0.00







NSP3-Down Payment AssistanceActivity Title:

Project Number:

NSP3

Project Title:


$13,222.00$0.00COP-NSD



0 0/0 0/0 0/85# of housing units 0 0


In the next reporting period CHRA expects to begin administering homebuyer assistance to Program 3 NSP buyers purchasingNSP rehabilitated foreclosed properties. The obligation represents homebuyer assistance for the homebuyers of the 40 homes that have been either acquired or undera purchase contract. The reduction in the obligation reflects a change in our understanding of obligation. We contracted withCHRA to administer the loan funds and had placed all the homebuyer assistance funds in their contract, believing that we havethereby obligated the funds. We have made that correction this quarter.


Activity Locations








Overall

$68,935.00



Match Contributed

$68,935.00

N/A

$0.00

$0.00

$68,935.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3D-HoCos

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$68,935.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00Housing Counseling Agencies



0 0/0 0/0 0/85# of housing units 0 0

Five HUD-certified nonprofit housing counseling agencies are under contract to provide housing counseling services topotential NSP buyers. These agencies provide the required homebuyer education, one-on-one counseling and prepare referralsto the loan administrator. Their fees are charged to the public service component of our demolition program &ldquoProgram5&rdquo until the clients have closed escrow on a home. At that time, the expense is charged to the appropriate program anddeducted from the public service category. The obligation reflects support services contracted with the housing counseling agencies. Performance measures will be reported in NSP3D-DPA.


Activity Locations








Overall

$176,133.00



Match Contributed

$176,133.00

N/A

$0.00

$0.00

$21,796.00

$21,744.00


National Objective:


Activity Status:



Projected End Date:


NSP3D-PHX

$12,425.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$21,796.00

To Date

03/11/2009

$21,774.00



$21,744.00



The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will average at least15% below current appraised value, unless an acceptable methodology is developed to justify an average discount as low as10%. NSP funds will also pay for allowable rehab costs. This activity will be focused on Tier 2 and Tier 3 areas of greatest needso as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbedhomes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at or below 120%AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also be served.Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop the property,including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, in which casethey may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residence may qualifyfor Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at a minimum,the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10years > $40,000 15 years.





Project Number:

NSP3

Project Title:


$21,744.00$21,744.00COP-NSD



0 0/0 0/0 0/85# of housing units 0 0

City has incurred expenses related to implementing Program 3 including implementation staff expenses. The city expects allthree phases of Program 3 to be in fully implemented in the next reporting period. Full implementation includes; acquisition,rehabilitation, and disposition to an NSP buyer. Obligation reflects expenses to date. Performance measures will be reported in NSP3D-DPA.


Activity Locations








Overall

$115,114.00

NSP Only - LMMI ROI


Match Contributed

$115,114.00

N/A

$0.00

$0.00

$115,114.00

$13,524.00


National Objective:


Activity Status:



Projected End Date:


NSP3D-ROI

$13,524.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$115,114.00

To Date

03/11/2009

$13,524.00



$13,524.00








Project Number:

NSP3

Project Title:


$13,524.00$13,524.00ROI



0 0/0 0/0 0/85# of housing units 0 0

ROI has been providing foreclosure data to assist the acquisitions teams with property identification and feasibility onforeclosed property. ROI Properties has also assisted acquisition teams with market condition analysis and forecastingpending foreclosures in the 21 hardest hit zip codes. The information provide by ROI properties has been useful to identifyimpact and forecasting future opportunities within the Tier 3 areas. Resources have been allocated to provide informationsession to partners and outreach to the general public on the availability of Program 3. Obligation reflects support services activities in the ROI Properties contract. Performance measures will be reported in NSP3D-DPA.


Activity Locations








Overall

$235,810.00



Match Contributed

$235,810.00

N/A

$0.00

$0.00

$235,810.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3R-FSL

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$235,810.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:





0 0/0 0/0 0/85# of Properties 0 0

Foundation for Senior Living (FSL) has 19 properties with complete feasibly assessment and rehabilitation scopes of work. Assessments on properties include termite, energy audits, lead and asbestos testing. Currently 1 property is underconstruction with the expected completion date in the next reporting period. Rehabilitation has been a challenge due to the high cost of environmental compliance and time delay to meet the requirements. FLS expects to have more rehabilitation project in progress in the next reporting period. Obligation reflects a portion of the rehab expenses for the properties acquired and under current purchase contracts. Anadjustment of the activity budgets in the next period will allow for the rehab scopes and budgets associated with all propertiesacquired and under current purchase contracts to be obligated.


Activity Locations








Overall

$267,340.00

NSP Only - LMMI NFWSC--National Farm Workers Service Center


Match Contributed

$267,340.00

N/A

$0.00

$0.00

$267,340.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3R-NFWSC

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$267,340.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00NFWSC--National Farm Workers Service Center



0 0/0 0/0 0/85# of Properties 0 0

National Farm Workers Service Center (NFWSC) has 18 properties with complete feasibly assessment and rehabilitationscopes of work. Assessments on properties include termite, energy audits, lead and asbestos testing. Year to date noproperty is under construction in this reporting period. Rehabilitation has been a challenge due to high cost environmentalcompliance and time delays to meet the requirements. NFWSC expects to have more rehabilitation project in progress in the next reporting period. Obligation reflects a portion of the rehab expenses for the properties acquired and under current purchase contracts. Anadjustment of the activity budgets in the next period will allow for the rehab scopes and budgets associated with all propertiesacquired and under current purchase contracts to be obligated.


Activity Locations








Overall

$390,000.00

NSP Only - LMMI NHSP-Neighborhood Housing Services of Phoenix


Match Contributed

$390,000.00

N/A

$0.00

$0.00

$180,000.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP3R-NHS

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$180,000.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP3

Project Title:


$0.00$0.00NHSP-Neighborhood Housing Services of Phoenix



0 0/0 0/0 0/85# of Properties 0 0

Neighborhood Housing Services of Phoenix (NHSP) has 3 properties with complete feasibly assessment and rehabilitationscopes of work. Assessments on properties include termite, energy audits, lead and asbestos testing. No properties areunder construction in this reporting period. Rehabilitation has been a challenge due to high cost environmental compliance andtime delay&rsquos to meet the requirements. NHSP expects to have more rehabilitation project in progress in the next reporting period. Obligation reflects a portion of the rehab expenses for the properties acquired and under current purchase contracts. Anadjustment of the activity budgets in the next period will allow for the rehab scopes and budgets associated with all propertiesacquired and under current purchase contracts to be obligated.


Activity Locations








Overall

$1,510,928.00



Match Contributed

$1,510,928.00

N/A

$0.00

$0.00

$71,232.00

$71,232.00


National Objective:


Activity Status:



Projected End Date:


NSP3R-PHX

$41,799.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

($3,342,118.00)

To Date

03/11/2009

$71,232.00



$29,607.00








Project Number:

NSP3

Project Title:


$71,232.00$29,607.00COP-NSD



0 0/0 0/0 0/85# of Properties 0 0

0 0/0 0/0 0/85# of housing units 0 0


The City of Phoenix and its developer/partners, National Farm Workers Service Center and Foundation for Senior Living, areexploring the feasibility of photovoltaic solar energy retrofits to Move In Ready properties which offer the potential for anadditional 20% electric energy savings above the current weatherization benefits. The City of Phoenix and its developer/partners, National Farm Workers Service Center and Foundation for Senior Living, haveincorporated new requirements for asbestos abatement into their rehab management protocols. Initially, this emphasis on anadditional aspect of health and safety has introduced significant delays, but will be smoothly integrated as rehab volume picksup. Project feasibility budgets are expected to be stressed somewhat with the additional costs. Obligation refelcts funds actually spent and drawndown. The net reduction in obligation refelcts a change in our understandingof obligation.


Activity Locations








Overall

$264.00

NSP Only - LH - 25% Set-Aside COP-Housing Dept


Match Contributed

$264.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP4A-ACQ

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00



The City will use NSP funds to assist with the purchase and rehabilitation of foreclosed or abandoned rental properties,primarily multi-family. Foreclosed or abandoned multi-family rentals introduce significant distress in any area. Identification ofprospect properties will involve strategic targeting to Tier 2 and Tier 3 areas of greatest need, with secondary emphasis onidentifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.This will be the City&rsquos primary NSP program for benefiting households at or below 50% of median income. Propertiescould be purchased for the City&rsquos own portfolio or the City could assist non-profit or for-profit partners in acquisition andrehabilitation. The form of the City&rsquos assistance will be subordinated mortgages. The City will make every effort toleverage these loans with FHA or other first mortgages, tax credit proceeds (where possible) and other subordinate financingsuch as AHP, state funds and its own subordinate mortgage financing. Rental and occupancy agreements will be enforcethrough deeds of trust, covenants running with the property, deed restrictions or other mechanisms approved by HUD, in orderto ensure continued affordability that will, at a minimum, meet the HOME standard: Per-unit NSP Assistance MinimumAffordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Identification of prospect properties will involvestrategic targeting to Tier 2 and Tier 3 areas of greatest need defined elsewhere in the Action Plan, with secondary emphasison identifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.

On November 4, 2009, the Phoenix City Council awarded NSP funds of up to $3,892,000 to Arizona Housing Inc. for the RoyalSuites project. The Royal Suites Apartments will serve a special needs population, homeless men, women and small families


Acquisition of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:

Acquisition/Purchase and Rehab - MF Rental

$0.00$0.00COP-Housing Dept



0 0/0 0/0 0/0# of Properties 0 0

below 50% of area median income with 15 studios at 475 square feet, 25 studios at 525 square feet, and 13 1-bedroom units at605 square feet. Ten percent of the units, at least eight (8) apartments, will be accessible for persons with disabilities. ArizonaHousing Inc. is proposing substantial rehabilitation of the Royal Suites Apartments incorporating numerous green strategiesincluding insulation of exterior walls, double paned windows, Energy star rated appliances, and water conserving landscaping. Funds will be budgeted and obligated when purchase contracts are in place.Arizona Housing Inc. is in negotiations with a new REO seller for the proposed site at 10421 N. 33rd Ave. Multi family projectsin Program 4 will satisfy the HUD requirement to use 25% of the funds to benefit households at or below 50% of area medianincome.


Activity Locations








Overall

$899,350.00



Match Contributed

$899,350.00

N/A

$0.00

$0.00

$899,350.00

$885,178.00


National Objective:


Activity Status:



Projected End Date:


NSP4A-ACQParkLee

$738,157.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$259,350.00

To Date

03/11/2009

$885,178.00



$683,045.00






The Park Lee Apartments is a city-instrumentality-owned multi family complex located at 1600 W. Highland Avenue, totaling523 units on approximately 32 acres. A LLC instrumentality of the City purchased and plans to rehabilitate the property using



Project Number:

NSP4

Project Title:


$885,178.00$683,045.00COP-Housing Dept



0 0/0 0/0 0/1# of Properties 0 0

0 0/0 0/0 0/523# of housing units 0 0



$6,000,000 of NSP funds, with additional funding coming from GO Bond funds loaned by the City. The City acquired the notefrom the U.S. Department of Housing and Urban Development and HUD is in concurrence with the procurement and loanprocess as outlined by the City. City staff has completed inspections on all units and has developed a rehabilitation scope of work for the property, whichincludes both interior and exterior items. The procurement process for a general contractor has begun, with the selectedcontractor expected to begin work in July. Several neighborhood and resident meetings have taken place to discuss the plansfor the property. At least 50% of the units at the Park Lee Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income. Obligation reflects funds already spent.


Activity Locations








Overall

$4,296,170.00

NSP Only - LH - 25% Set-Aside COP-NSD


Match Contributed

$4,296,170.00

N/A

$0.00

$0.00

$202,133.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP4A-PHX

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$202,133.00

To Date

03/11/2009

$0.00



$0.00






Acquisition expenses include: historical and environmental review and assessment, property appraisal, acquisition consultants,rehabilitation feasibility assessment, foreclosure data mining, real estate due diligence, closing costs, property maintenance



Project Number:

NSP4

Project Title:


$0.00$0.00COP-NSD



0 0/0 0/0 0/1# of Properties 0 0

and implementation staff. Obligation reflects funds already spent. Performance measures reported in NSP4A-ACQParkLee or NSP4A-ACQ.


Activity Locations








Overall

$103,302.00

NSP Only - LH - 25% Set-Aside COP-NSD


Match Contributed

$103,302.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP4R-PHX

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00






Rehab expenses may include: historical and environmental review and assessment, rehabilitation feasibility assessment,property maintenance and implementation staff.


Rehab of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:


$0.00$0.00COP-NSD



0 0/0 0/0 0/1# of Properties 0 0

Performance measures reported in NSP1R-REHParkLee or NSP4R-REH.


Activity Locations








Overall

$0.00



Match Contributed

$0.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP4R-REH

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00






On November 4, 2009, the Phoenix City Council awarded NSP funds of up to $3,892,000 to Arizona Housing Inc. for the RoyalSuites project. The Royal Suites Apartments will serve a special needs population, homeless men, women and small families



Project Number:

NSP4

Project Title:


$0.00$0.00COP-Housing Dept



0 0/0 0/0 0/1# of Properties 0 0

below 50% of area median income with 15 studios at 475 square feet, 25 studios at 525 square feet, and 13 1-bedroom units at605 square feet. Ten percent of the units, at least eight (8) apartments, will be accessible for persons with disabilities. ArizonaHousing Inc. is proposing substantial rehabilitation of the Royal Suites Apartments incorporating numerous green strategiesincluding insulation of exterior walls, double paned windows, Energy star rated appliances, and water conserving landscaping. Arizona Housing Inc. is in negotiations with a new REO seller for the proposed site at 10421 N. 33rd Ave. Multi family projectsin Program 4 will satisfy the HUD requirement to use 25% of the funds to benefit households at or below 50% of area medianincome.


Activity Locations








Overall

$5,360,000.00



Match Contributed

$5,360,000.00

N/A

$0.00

$0.00

$5,360,000.00

$41,625.00


National Objective:


Activity Status:



Projected End Date:


NSP4R-REHParkLee

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00








Project Number:

NSP4

Project Title:


$41,625.00$0.00COP-Housing Dept

$0.00$0.00Park Lee LLC



0 0/0 0/0 0/523# of Properties 0 0

0 0/0 0/0 0/523# of housing units 0 0


The Park Lee Apartments is a city instrumentality-owned multifamily complex located at 1600 W. Highland Avenue, totaling 523units on approximately 32 acres. A LLC instrumentality of the City purchased and plans to rehabilitate the property using$6,000,000 of NSP funds, with additional funding coming from GO Bond funds loaned by the City. The City acquired the notefrom the U.S. Department of Housing and Urban Development and HUD is in concurrence with the procurement and loanprocess as outlined by the City. City staff has completed inspections on all units and has developed a rehabilitation scope of work for the property, whichincludes both interior and exterior items. The procurement process for a general contractor has begun, with the selectedcontractor expected to begin work in July. Several neighborhood and resident meetings have taken place to discuss the plansfor the property. At least 50% of the units at the Park Lee Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income. Obligation reflects the value of the rehab loan in place with Park Lee LLC.


Activity Locations








Overall

$793,624.00



Match Contributed

$793,624.00

N/A

$0.00

$0.00

$143,173.00

$104,006.00


National Objective:


Activity Status:



Projected End Date:


NSP5A-ACQ

$28,954.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$52,089.00

To Date

03/11/2009

$92,302.00



$0.00



The City or designee will purchase foreclosed or abandoned properties to address the most critical properties within specific,defined LMMI areas in Tier 3 areas of greatest need, where rehabilitation of existing structures is not economic and/or themarket will not absorb residential units in the near term. The City will implement this activity also on a more limited basis withinspecific, defined LMMI areas in Tier 2 areas, in order to reverse decline and inject confidence back into an otherwise stableneighborhood, and may consider implementing this activity in specific, defined LMMI areas in Tier 1 areas of greatest need onan exception basis, considering blighting conditions of the property and associated destabilizing influences such as crimeactivity. Disposition goals will be to demolish blighted structures where necessary, but to the extent practicable to returnforeclosed residential properties to productive occupancy as soon as possible, while supporting stability in the real estatemarket. Rental and ownership properties would be rehabilitated and/or redeveloped in keeping with their physical condition,neighborhood strengths and expectations as well as market readiness. Reuse and redevelopment of properties purchased willbe carried out pursuant to the alternative requirements for land banking and with a re-use that is consistent with communitydevelopment strategies and plans. Demolition and redevelopment activities will be undertaken in support of neighborhoodstabilization efforts, with re-use in keeping with community development strategies and plans.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Acquisition/Disposition/Demolition ofForeclosed Homes will be primarily targeted in Tier 3 areas of greatest need, defined elsewhere in the NSP Action Plan, withlimited targeting in Tier 2, and spot usage in Tier 1 areas of greatest need on an exception basis.

The City of Phoenix continues to develop new sources of prospect properties for the Acquisition for Demolition program. In


Acquisition for DemolitionActivity Title:

Project Number:

NSP5

Project Title:

Demolition - Blighted Structures

$104,006.00$0.00COP-NSD



0 0/0 0/0 4/30# of Properties 0 2

0 0/0 0/0 2/30# of housing units 0 0



addition to extensive use of the National Community Stabilization Trust, use of Fannie Mae&rsquos Homepath service andenhancing the success rate on Multiple Listing Service (MLS) properties have gotten greater emphasis. The disposition of Sunset Manor, a blighted multi-family property in the Target Area &ldquoF&rdquo Redevelopment Area andVillage Center Neighborhood Initiative Area is being tracked as it moves through receivership toward foreclosure, as a priorityprospect for acquisition and demolition. The property is severely physically and financially distressed, and clearance and reuseof the site has been a redevelopment goal since before the NSP program. Resolution of the feasibility of this property for NSP,and commencement of NSP-funded acquisition is expected in the next quarter. The City or designee continues to purchase foreclosed or abandoned properties to address the most critical properties withinspecific, defined LMMI areas in Tier 3 areas of greatest need, where rehabilitation of existing structures is not economic and/orthe market will not absorb residential units in the near term.Reuse and redevelopment of foreclosed properties purchased will be carried out pursuant to the alternative requirements forland banking and with a re-use that is consistent with community development strategies and blight removal plans already inexistence. The average acquisition purchase price is $22,935 which is less than the originally planned budget for program 5 activity. Citycontinues to leverage other funding and resources to meet and exceed our goal for program 5 obligation. City has closed on 2properties and has 5 properties under purchase contract and expected to close in the next reporting period. Availability of foreclosed properties feasible for demolition is a challenge within a defined strategic boundaries but the Citycontinues to add tools and establish relationship to combat investor activities. The obligation reflects funds already spent and purchase contracts in place for 5 additional properties.


Activity Locations








Overall

$706,003.00



Match Contributed

$706,003.00

N/A

$0.00

$0.00

$55,498.00

$32,672.00


National Objective:


Activity Status:



Projected End Date:


NSP5A-PHX

$6,936.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$55,498.00

To Date

03/11/2009

$32,672.00



$32,672.00






City expenses related to program 5 activities included; foreclosed property identification, due diligence, and closing cost



Project Number:

NSP5

Project Title:


$32,672.00$32,672.00COP-NSD



0 0/0 0/0 0/30# of Properties 0 0

expenses. Other Program 5 expenses include historical, archeology, environmental reviews and assessments and programimplementation staff. The obligation reflects funds already spent. Performance measures reported under NSP5A-ACQ.


Activity Locations








Overall

$39,763.00

NSP Only - LMMI ROI


Match Contributed

$39,763.00

N/A

$0.00

$0.00

$39,763.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP5A-ROI

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$39,763.00

To Date

03/11/2009

$0.00



$0.00






City has been working through challenges with lender-owner properties as is relates to indemnity and waiver clauses in



Project Number:

NSP5

Project Title:


$0.00$0.00ROI



0 0/0 0/0 0/1# of Properties 0 0

purchase contract before we engage ROI Properties in Real Estate Services . Contract challenges have been resolved and theCity expects to increase activity with ROI Properties as it relates to indentifing foreclosed properties, mobilizing demolitionassessments, executing Program 5 purchase contracts and facilitating closings. Obligation reflects the funds for support services in the contract with ROI Properties. Performance measures reported under NSP5A-ACQ.


Activity Locations








Overall

$832,796.00



Match Contributed

$832,796.00

N/A

$0.00

$0.00

$135,273.00

$10,273.00


National Objective:


Activity Status:



Projected End Date:


NSP5D-DEM

$6,481.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$131,481.00

To Date

03/11/2009

$10,273.00



$4,910.00

Clearance and Demolition Under Way





City has 2 properties under environmental review before demolition activity can commence. During the interim period the


DemolitionActivity Title:

Project Number:

NSP5

Project Title:


$10,273.00$4,910.00COP-NSD



0 0/0 0/0 0/30# of Properties 0 0

0 0/0 0/0 0/30# of housing units 0 0


properties have been secured, maintained and utilities have been abandoned. Each property has a complete demolition scopeof works in compliance with all federal, state and local regulator requirements. City anticipates the property will be demolishedby the next reporting period. The obligation reflects funds already spent and demolition estimates properties owned and under purchase contracts.


Activity Locations








Overall

$591.00



Match Contributed

$591.00

N/A

$0.00

$0.00

$0.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP5D-PHX

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$0.00



$0.00

Clearance and Demolition Under Way


most critical properties within specific, defined LMMI areas in Tier 3 areas of greatest need, where rehabilitation of existingstructures is not economic and/or the market will not absorb residential units in the near term. The City will implement thisactivity also on a more limited basis within specific, defined LMMI areas in Tier 2 areas, in order to reverse decline and injectconfidence back into an otherwise stable neighborhood, and may consider implementing this activity in specific, defined LMMIareas in Tier 1 areas of greatest need on an exception basis, considering blighting conditions of the property and associateddestabilizing influences such as crime activity. Disposition goals will be to demolish blighted structures where necessary, but tothe extent practicable to return foreclosed residential properties to productive occupancy as soon as possible, while supportingstability in the real estate market. Rental and ownership properties would be rehabilitated and/or redeveloped in keeping withtheir physical condition, neighborhood strengths and expectations as well as market readiness. Reuse and redevelopment ofproperties purchased will be carried out pursuant to the alternative requirements for land banking and with a re-use that isconsistent with community development strategies and plans. Demolition and redevelopment activities will be undertaken insupport of neighborhood stabilization efforts, with re-use in keeping with community development strategies and plans.



Demolition expenses include: utility abandonment, environmental review, lead and asbestos testing and abatement, monitoring,securing and on-going maintenance of the property.


DemolitionActivity Title:

Project Number:

NSP5

Project Title:


$0.00$0.00COP-NSD



0 0/0 0/0 0/1# of Properties 0 0

Performance measures reported under NSP5D-DEM.


Activity Locations








Overall

$2,004,337.00



Match Contributed

$2,004,337.00

N/A

$0.00

$0.00

$764,973.00

$321,989.00


National Objective:


Activity Status:



Projected End Date:


NSP5P-PS

$86,142.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$75,121.00

To Date

03/11/2009

$86,142.00



$119,715.00

Public services Under Way



0 0/200 0/400 0/800# of Persons benefitting 0 0



Five HUD-certified nonprofit housing counseling agencies are under contract to provide housing counseling services topotential NSP buyers. These agencies provide the required homebuyer education, one-on-one counseling and prepare referralsto the loan administrator. Their fees are charged to the public service activity until the clients have closed escrow on a home.At that time, the expense is charged to the appropriate program and deducted from the public service category. CHRA has been contracted to provide loan administrations services to NSP buyers. Their fees are charged to the public serviceactivity until the clients have closed escrow on a home. Later the expense is charged to the appropriate program and deductedfrom the public service category. In the next quarter, expenses for both housing counseling and loan administration will reconciled and charged appropriately. Obligation reflects the contracted amounts for both housing counseling and loan administration in excess of what can becharged to other activities.


Public ServicesActivity Title:

Project Number:

NSP5

Project Title:


$321,989.00$119,715.00COP-NSD


Activity Locations








Overall

$73,200.00

N/A CON-Various Contractors


Match Contributed

$73,200.00

N/A

$0.00

$0.00

$73,200.00

$0.00


National Objective:


Activity Status:



Projected End Date:


NSP6-CON

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$73,200.00

To Date

03/11/2009

$0.00



$0.00

Administration Under Way

No Performance Measures found.

Performance Measures


NSP funds will be used to pay reasonable program administration costs related to the planning and execution of the activitieslisted previously. This includes costs related to staffing for overall program management, coordination, monitoring, andreporting.


The administrative offices of the City of Phoenix, 200 and 251 W. Washington Street, Phoenix, AZ

Activity is administration and planning activities undertaken by contracted partners. Obligation reflects those activities under contract.



Activity Locations



AdministrationActivity Title:

Project Number:

NSP6

Project Title:

Administration and Planning

$0.00$0.00CON-Various Contractors






Overall

$3,874,610.00

N/A COP-NSD


Match Contributed

$3,874,610.00

N/A

$0.00

$0.00

$3,874,610.00

$1,098,864.00


National Objective:


Activity Status:



Projected End Date:


NSP6-PHXADM

$498,815.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$3,060,185.00

To Date

03/11/2009

$1,098,864.00



$423,014.00

Administration Under Way

No Performance Measures found.

Performance Measures


NSP funds will be used to pay reasonable program administration costs related to the planning and execution of the activitieslisted previously. This includes costs related to staffing for overall program management, coordination, monitoring, andreporting.


The administrative offices of the City of Phoenix, 200 and 251 W. Washington Street, Phoenix, AZ

Activity is administration and planning activities and their expenses undertaken by city staff.



Activity Locations

NSP6-AdministrationActivity Title:

Project Number:

NSP6

Project Title:

Administration and Planning

$1,098,864.00$423,014.00COP-NSD






Documents

Grantee: Phoenix, AZ Grant: B-08-MN-04-0505 January 1 ... · January 1, 2010 thru March 31, 2010 Performance Report Grant: B-08-MN-04-0505 Grantee: Phoenix, AZ