October 1, 2017 thru December 31, 2017 Performance

Size: px

Start display at page:

Download "October 1, 2017 thru December 31, 2017 Performance"

Tracy Casey
5 years ago
Views:

Grantee: Grant: Deerfield Beach, FL B-08-MN-12-0005

1 Grantee: Grant: Deerfield Beach, FL B-08-MN October 1, 2017 thru December 31, 2017 Performance 1

2 Grant Number: B-08-MN Grantee Name: Deerfield Beach, FL Grant Award Amount: $2,005, LOCCS Authorized Amount: $2,005, Budget: $2,494, Disasters: Declaration Number NSP Obligation Date: Contract End Date: Grant Status: Active Estimated PI/RL Funds: $489, Award Date: Review by HUD: Reviewed and Approved QPR Contact: No QPR Contact Found Narratives Areas of Greatest Need: Properties abandoned due to foreclosure Distribution and and Uses of Funds: Will serve the following City of Deerfield Beach areas of greatest need: 50% or below of AMI identitied by census tracts 102, , , , , , , % to 120% of AMI identitied by census tracts , , 102, , ,104.0, , , , , & The City Commission approved a Substantial amendment to reallocate a total of $424, in NSP funds from the $1,225, Acquisition greater than or equal to 51% of AMI budget as follows: Financing Mechanism greater than or equal to 51% of AMI increased by $161,537.65; Financing Mechanism Less than or equal to 50% of AMI increase by $163, and Acquisition less than or equal to 50% of AMI by $100,000. Final amendment was approved by City commission on 1/15/2013. As well as an Activity Scope amendment as follows: First Time Home Buyers will be eligible for soft second mortgages subsidies subject to recapture and affordability provisions based on the following: Mortgage Amount Affordability/Recapture Term < $15,000 5 Years $15,000 - $40, Years >$40, Years Soft seconds will be in the form of a credit to the Homebuyer and will be represented in the mortgage and note subject to pro rated recapture provisions. HUD has advised the City of Deerfield Beach that Home Buyers that are purchasing foreclosed, abandoned/short sale properties are eligible for down payment/principal reduction and closing cost assistance. Definitions and Descriptions: Low Income Targeting: Acquisition and Relocation: 2

3 Public Comment: A final amendment was completed January 15, 2013 for the City's NSP1 program. The amendment allowed for a budget adjustment. The 15- day public comment period commenced December 23, 2012 and ended January 7, A copy of the NSP application is located at the Community Development Division,at 227 N.W. 2nd Street Deerfield Beach, Florida In addition, the NSP substantial amendment has been posted to the City s website athttp:// Citizens are encouraged to comment upon the proposed substantial amendments to the above referenced NSP activities. Prior to adoption, the City of Deerfield Beach Commission will held a public hearing on the proposed amendments to the FY 2008 Action Plan. The public hearing took on January 15, 2013 at 7:00 p.m. in the Commission Chambers at City Hall, located at Commission Chambers at City Hall, 150 NE 2nd Avenue, Deerfield Beach, Florida Interested parties are encouraged to attend and participate. No comments were received. Overall To Date Projected Budget from All Sources N/A $2,494, Budget Obligated $2,494, $2,494, Funds Drawdown $2,102, Program Funds Drawdown Program Income Drawdown $2,005, $96, Program Income Received $489, Funds Expended $2,102, Most Impacted and Distressed Expended Match Contributed Progress Toward Required Numeric Targets Requirement Overall Benefit Percentage (Projected) Overall Benefit Percentage (Actual) Minimum Non-Federal Match Limit on Public Services Limit on Admin/Planning Target $300, $200, Limit on State Admin Actual 0.00% 0.00% $169, $169, Most Impacted and Distressed Threshold (Projected) Progress towards LH25 Requirement $623, $946, Overall Progress Narrative: No activity to report Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 1, Administration $169, $169, , Acquisition & Rehab of foreclosed properties $1,550, $1,061, , Financing Mechanism $634, $634, , Redevelopment $140, $140,

4 Activities Project # / Title: 1 / Administration Grantee Activity Number: Activity Title: Activitiy Category: Administration Project Number: 1 Projected Start Date: 04/07/2009 Benefit Type: ( ) National Objective: N/A DF05A Program Administration Activity Status: Under Way Project Title: Administration Projected End Date: 10/07/2010 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $169, $169, $169, $169, Program Funds Drawdown $169, Program Income Drawdown Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Oct 1 thru Dec 31, 2017 N/A City of Deerfield Beach planning and administration of the NSP program and all related activites $169, $169, Location Description: Community Development Division offices located at 533 South Dixie Highway, Suite #101, Deerfield Beach, Fl Activity Progress Narrative: No activity to report 4

5 Accomplishments Performance Measures No Accomplishments Performance Measures Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount Neighborhood Stabilization Program Other Funding Sources Project # / Title: 2 / Acquisition & Rehab of foreclosed properties Grantee Activity Number: Activity Title: Activitiy Category: Acquisition - general Project Number: 2 Projected Start Date: 04/07/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside DF05AQ Acquisition & Rehab - Single Family Homes (LH 25%) Activity Status: Under Way Project Title: Acquisition & Rehab of foreclosed properties Projected End Date: 10/07/2010 Completed Activity Actual End Date: Responsible Organization: Overall Oct 1 thru Dec 31, 2017 To Date Projected Budget from All Sources N/A $1,046, Budget $1,046, Obligated $1,046, Funds Drawdown $655,

6 Program Funds Drawdown $569, Program Income Drawdown $85, Program Income Received $193, Funds Expended Most Impacted and Distressed Expended Match Contributed Activity Description: $655, The City of Deerfield Beach will purchase foreclosed properties in areas of greatest need 50% or below AMI at a discounted price and rehabilitate/redevelop for resale to First Time Home Buyers. The City Commission approved a Substantial Amendment to reallocate a total of $100, in NSP funds from the $1,225, Acquisition greater than or equal to 51% of AMI budget. As well as an Activity Scope amendment as follows: First Time Home Buyers will be eligible for soft second mortgages subsidies subject to recapture and affordability provisions based on the following: Mortgage Amount Affordability/Recapture Term < $15,000 5 Years $15,000 - $40, Years >$40, Years Soft seconds will be in the form of a credit to the Homebuyer and will be represented in the mortgage and note subject to pro rated recapture provisions. HUD has advised the City of Deerfield Beach that Home Buyers that are purchasing foreclosed, abandoned/short sale properties are eligible for down payment/principal reduction and closing cost assistance. $655, Location Description: City of Deerfield Beach areas of greatest need identified in census tracts:102, , , , , , and Activity Progress Narrative: No activity to report Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 5/6 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 5/6 5/6 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households /6 0/0 2/ # Owner Households /6 0/0 2/

7 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 7

8 Grantee Activity Number: Activity Title: DF05AQ1 Acquisition and rehab of Single Family for Resale Activitiy Category: Acquisition - general Project Number: 2 Projected Start Date: 04/07/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Acquisition & Rehab of foreclosed properties Projected End Date: 10/07/2010 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $504, $504, $504, $502, Program Funds Drawdown $492, Program Income Drawdown $10, Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Oct 1 thru Dec 31, 2017 N/A $263, $502, The City of Deerfield Beach will purchase foreclosed properties in areas of greatest need >= 51% AMI at a discounted price and rehabilitate/redevelop for resale to First Time Home Buyers The City Commission approved a Substantial amendment to reallocate a total of $424, in NSP funds from the $1,225, Acquisition greater than or equal to 51% of AMI budget as follows: Financing Mechanism greater than or equal to 51% of AMI increased by $161,537.65; Financing Mechanism Less than or equal to 50% of AMI increase by $163, and Acquisition less than or equal to 50% of AMI by $100,000 As well as an Activity Scope amendment as follows: First Time Home Buyers will be eligible for soft second mortgages subsidies subject to recapture and affordability provisions based on the following: Mortgage Amount Affordability/Recapture Term < $15,000 5 Years $15,000 - $40, Years >$40, Years Soft seconds will be in the form of a credit to the Homebuyer and will be represented in the mortgage and note subject to pro rated recapture provisions. HUD has advised the City of Deerfield Beach that Home Buyers that are purchasing foreclosed, abandoned/short sale properties are eligible for down payment/principal reduction and closing cost assistance. $502,

9 Location Description: City of Deerfield Beach areas of greatest need identified in census tracts: , , 102, , ,104, , , , , and Activity Progress Narrative: No activity to report Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 3/3 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 3/3 3/3 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households /0 1/3 2/ # Owner Households /0 1/3 2/ Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount Project # / Title: 3 / Financing Mechanism Grantee Activity Number: Activity Title: DF05DA Financial Assistance (LH 25%) Activitiy Category: Homeownership Assistance to low- and moderate-income Project Number: 3 Activity Status: Under Way Project Title: Financing Mechanism 9

10 Projected Start Date: 04/07/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside Projected End Date: 10/07/2010 Completed Activity Actual End Date: Responsible Organization: City of Deerfield Beach Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $151, $151, $151, $151, Program Funds Drawdown $151, Program Income Drawdown Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Oct 1 thru Dec 31, 2017 N/A $32, First Time Home Buyers will be eligible for soft 2nd mortgage subsidies subject to recapture and affordability provisions. The money will be sure for downpayment and closing cost assistance to make the home affordable for Very Low income persons The City Commission approved a Substantial amendment to reallocate a total of $163, in NSP funds from the $1,225, Acquisition greater than or equal to 51% of AMI budget to this Activity. As well as an Activity Scope amendment as follows: First Time Home Buyers will be eligible for soft second mortgages subsidies subject to recapture and affordability provisions based on the following: Mortgage Amount Affordability/Recapture Term < $15,000 5 Years $15,000 - $40, Years >$40, Years Soft seconds will be in the form of a credit to the Homebuyer and will be represented in the mortgage and note subject to pro rated recapture provisions. HUD has advised the City of Deerfield Beach that Home Buyers that are purchasing foreclosed, abandoned/short sale properties are eligible for down payment/principal reduction and closing cost assistance. $151, $151, Location Description: City of Deerfield Beach areas of greatest need identified in census tracts: 102, , , , , and Activity Progress Narrative: No activity to report 10

11 Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 3/4 3/4 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households /4 0/0 3/ # Owner Households /4 0/0 3/ Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 11

12 Grantee Activity Number: Activity Title: DF05DA1 Financial Assistance (LMMI) Activitiy Category: Homeownership Assistance to low- and moderate-income Project Number: 3 Projected Start Date: 04/07/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Financing Mechanism Projected End Date: 10/07/2010 Completed Activity Actual End Date: Responsible Organization: City of Deerfield Beach Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $483, $483, $483, $483, Program Funds Drawdown $483, Program Income Drawdown Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Oct 1 thru Dec 31, 2017 N/A First Time Home Buyers will be eligible for soft 2nd mortgage subsidies subject to recapture and affordability provisions. The money will be used for down payment and closing cost assistance to make the home affordable for Low and Moderate Income persons. The City Commission approved a Substantial amendment to reallocate NSP funds from the $1,225, Acquisition greater than or equal to 51% of AMI budget as follows: Financing Mechanism greater than or equal to 51% of AMI increased by $161, As well as an Activity Scope amendment as follows: First Time Home Buyers will be eligible for soft second mortgages subsidies subject to recapture and affordability provisions based on the following: Mortgage Amount Affordability/Recapture Term < $15,000 5 Years $15,000 - $40, Years >$40, Years Soft seconds will be in the form of a credit to the Homebuyer and will be represented in the mortgage and note subject to pro rated recapture provisions. HUD has advised the City of Deerfield Beach that Home Buyers that are purchasing foreclosed, abandoned/short sale properties are eligible for down payment/principal reduction and closing cost assistance. $483, $483, Location Description: City of Deerfield Beach areas of greatest need identified in census tracts: , , 102, , ,104.0, , , , , and

13 Activity Progress Narrative: No activities to report Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 4/4 4/4 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households /0 4/4 4/ # Owner Households /0 4/4 4/ Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount Project # / Title: 4 / Redevelopment Grantee Activity Number: Activity Title: DF05RD1 Redevelopment Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 4 Projected Start Date: 06/22/2011 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Redevelopment Projected End Date: 11/30/2012 Completed Activity Actual End Date: Responsible Organization: City of Deerfield Beach, Florida 13

14 Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $140, $140, $140, $140, Program Funds Drawdown $140, Program Income Drawdown Program Income Received Funds Expended Oct 1 thru Dec 31, 2017 N/A $140, City of Deerfield Beach, Florida $140, Most Impacted and Distressed Expended Match Contributed Activity Description: Location Description: Activity Progress Narrative: No activities to report Accomplishments Performance Measures # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 1/1 1/1 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households /1 0/0 1/ # Owner Households /1 0/0 1/ Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found 14

15 Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 15

B-08-MN October 1, 2016 thru December 31, 2016 Performance. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)

B-08-MN October 1, 2016 thru December 31, 2016 Performance. Community Development Systems Disaster Recovery Grant Reporting System (DRGR) Grantee: Grant: Warren, MI B-08-MN-26-0014 October 1, 2016 thru December 31, 2016 Performance 1 Grant Number: B-08-MN-26-0014 Grantee Name: Warren, MI Grant Award Amount: $5,829,447.00 Obligation Date: