July 1, 2011 thru September 30, 2011 Performance Report

Transcription

1 Grantee:, Inc. Grant: B-09-NN-MA-0003 July 1, 2011 thru September 30, 2011 Performance Report 1

2 Grant Number: B-09-NN-MA-0003 Grantee Name:, Inc. Grant Amount: $78,617, Grant Status: Active Obligation Date: Award Date: Contract End Date: 02/11/2013 Review by HUD: Submitted - Await for Review QPR Contact: Pam Hallet Disasters: Declaration Number NSP Narratives Executive Summary: (TCB) NSP2 Program is designed to house families whose incomes are at or below 120 % of AMI, 25% of these funds are to be allocated to households whose income is below 50% of AMI. To this end TCB intends to work in at least 8 states and the District of Columbia. These states are Massachusetts, New York, Pennsylvania, Ohio, Virginia, Illinois, Indiana, North Carolina. TCB will purchase/rehabilitate 540 units of abandon/foreclosed properties spending approximately $33,750,000. In addition TCB will demolish 90 units of blighted structures for $1,080,000 and redevelop demolished/vacant properties as housing for $35,925,868. At least 50% of the funding will be drawn down and expended by December 20, All funding will be drawn down and expended by February 13, 2013 Target Geography: The target Geography is the eight states of Masachusetts, New York, Pennsylvania, Virginia, North Carolina, Ohio, Indiana, Illinois and the District of Columbia. State Allocations to those area will be fully expended. Additional states will be added if opportunities arise and the funding is available. Program Approach: TCB is targetting multifamily structures which are in foreclosure or abandoned in communities with high foreclosure and/or vacancy rates. These multifamily properties will drag down the value, safety and desirability of the single family structures if not addressed. The philosophy is to utilize NSP2 funds for acquisition and rehabilitation, demolition and/or new construction to move projects through the pipeline in an expedited time frame. The expectaton is that the permanent financing will be a multi layered financing structure utilizing typical multifamily funding such as tax credits, first mortgages, bonds, risk sharing, soft second and third loans etc. These funds will be utilized to take out the NSP2 funding. The repaid NSP2 dollars will be recommitted to fund additional projects thereby leveraging the NSP2 funding to the greatest extent feasible. Consortium Members: How to Get Additional Information: Check the TCBinc.org website and check under NSP2 Call Pam Hallett, Program Manager or phallett@tcbinc.org Overall To Date 2

3 Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown $82,689, $69,853, $8,685, $14,566, $20,441, $69,853, $8,775, $20,463, $2,508, $7,488, $65, $194, $65, $194, Progress Toward Required Numeric Targets Requirement Required Overall Benefit Percentage (Projected) Overall Benefit Percentage (Actual) Minimum Non-Federal Match Limit on Public Services Limit on Admin/Planning $7,861, Limit on State Admin To Date 0.00% 0.00% $7,488, $6,144, Progress Toward Activity Type Targets Activity Type Target Actual Administration $7,861, $7,861, Progress Toward National Objective Targets National Objective Target Actual NSP Only - LH - 25% Set-Aside $19,654, $33,300, Overall Progress Narrative: Four new loans were closed in this quarter. Four projects are in constuction. AN additional one, Depot Crossing wil start constuction as soon as HUD apporves the subsidy layering. Thornwood is renting up and has only two floors left in construction. St Stephen's and West Village are expected to close in November. Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 9999, Restricted Balance AA, Administrative Costs $1,071, $7,861, $6,076, B, Purchase/rehab abandon/foreclosed properties for< LMI 120. $3,534, $15,547, $3,787, B-2, Purchase/rehab abandon/foreclosed properties LH 25 $780, $23,100, $4,676, D, Demolish Blighted Structures $1,080, E, Redevelop demolished/vacant properties as housing $3,298, $33,080, $5,900,

4 Activities 4

5 Grantee Activity Number: Activity Title: AN Administration and Overhead Activitiy Category: Administration Project Number: AA Projected Start Date: 02/11/2010 Benefit Type: National Objective: Activity Status: Under Way Project Title: Administrative Costs Projected End Date: 02/11/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $1,071, $289, $289, ($117,000.00) $42, To Date $7,861, $7,861, $6,076, $7,861, $6,076, $6,076, $68, Activity Description: Staff time for grantee administration, overhead and prospecting sites Location Description: The administration is mostly being performed in the Boston MA corporate offices although some of the activities cover staff time in the regional offices in Chicago, Illinois and Washington, DC. Activity Progress Narrative: Bank of America has awarded a Line of Credit for NSP use when program funds are completely expended and Program Income is not sufficient to continue funding activities. Three loans were closed this quarter. HUD Program Audit was completed. Four Activities are now in construction. Outreach activities are ongoing. The Davis Bacon software is up and running. Compliance review of Davis Bacon, Section 3 hiring and contracting and procurement are ongoing. Accomplishments Performance Measures No Accomplishments Performance Measures found. Beneficiaries Performance Measures No Beneficiaries Performance Measures found. 5

6 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 6

7 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 02/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI NSP East Liberty Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/31/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $98, $98, To Date $98, $98, $98, Activity Description: This is a new construction building with 57 family units. There is planned commercial space on the first floor. No NSP funding will be used on the commercial space. Location Description: East Liberty is located in Pittsburg PA in census tract # Activity Progress Narrative: East Liberty South is a new construction development in Pittsburg in census tract A tax credit commitment has been received. The environmental due diligence is in process. Accomplishments Performance Measures #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 #Sites re-used 0 Cumulative Actual / Expected 0/57 0/57 0/57 0/57 0/1 7

8 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/57 0/57 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /57 0/57 0 # Renter Households /57 0/57 0 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 8

9 Grantee Activity Number: Activity Title: NSP West Village Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B-2 Projected Start Date: 04/30/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties LH 25 Projected End Date: 10/30/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $654, $600, $654, $654, To Date $7,400, $7,400, $654, $7,400, $654, $654, Activity Description: West Village is an acquisition and rehabilitation of 127 units which houses tenants with households at or below 50% of AMI. Tenants will be temporarily relocated during construction. Location Description: West Village is located in census tract in New Haven Connecticut. Activity Progress Narrative: West Village will be closing on the acquisition in November The predevelopment loan has been drawn on. Accomplishments Performance Measures # of Properties 0 #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 #Replaced hot water heaters 0 #Refrigerators replaced 0 #Low flow toilets 0 #Low flow showerheads 0 Cumulative Actual / Expected 0/1 0/1 0/1 0/1 0/127 0/127 0/127 9

10 #Units with bus/rail access 0 #Units exceeding Energy Star 0 # VLI Households (0-30% AMI) 0 0/127 0/127 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/127 0/127 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /127 0/127 0 # Renter Households /127 0/127 0 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 10

11 Grantee Activity Number: Activity Title: NSP B West Village project delivery Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B-2 Projected Start Date: 04/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties LH 25 Projected End Date: 12/31/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $10, $12, $12, To Date $12, $12, $12, Activity Description: This is the program delivery section for West Village Location Description: This activity is in census tract in New Haven Connecticut Activity Progress Narrative: This activities funds the development staff time on the West Village activity. Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

12 # Renter Households 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 12

13 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 06/30/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI NSP The Mills Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/31/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $1,355, $2,692, $1,451, $1,451, To Date $2,692, $2,692, $1,451, $2,692, $1,451, $1,451, Activity Description: TCB is purchasing the site from the City of Charlotte who foreclosed on the parcel several years ago. There are old mill buildings on site which are vacant which TCB will rehab into loft style apartments for tenants whose incomes are less than 120% of AMI. Location Description: Charlotte North Carolina cenasus tract Activity Progress Narrative: The Acquisition and predevelopment loan for The Mills closed in July $1,451, has been expended. Planning is ongoing. Accomplishments Performance Measures #Sites re-used 0 Cumulative Actual / Expected 0/2 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 13

14 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households # Renter Households 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 14

15 Grantee Activity Number: Activity Title: NSP B The Mills Prorgam Delivery Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: E Projected Start Date: 02/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $44, $99, $99, To Date $99, $99, $99, Activity Description: This activity is for program delivery costs. Location Description: Teh Mills is located in Charlotte North Carolina, census tract number Activity Progress Narrative: This activity funds development staff time on this NSP activity. Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

16 # Renter Households 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 16

17 Grantee Activity Number: Activity Title: NSP St Stephen's Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B-2 Projected Start Date: 05/30/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties LH 25 Projected End Date: 12/30/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $110, $338, $338, To Date $1,000, $1,000, $440, $1,000, $440, $440, $102, Activity Description: St Stephen's is an acquisition and rehabilition of an entire block containing 261 units of housing. Location Description: ST Stephen's is located in census tract on the West Side of Chicgao, Illinois Activity Progress Narrative: St Stephen's has received a committment of tax credits from the State. The acquisiton is anticipated to close in November The Environmental Record is under review by HUD. Approval with the remediation plan recommendation from Illinois EPA is expected in October. Accomplishments Performance Measures #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 #Replaced hot water heaters 0 #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 Cumulative Actual / Expected 0/1 0/1 0/1 0/261 0/261 0/261 0/261 17

18 # VLI Households (0-30% AMI) 0 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/261 0/261 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /200 0/61 0/261 0 # Renter Households /200 0/61 0/261 0 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 18

19 Grantee Activity Number: Activity Title: NSP B St Stephen's Program Delivery Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B Projected Start Date: 03/31/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties for< LMI Projected End Date: 12/31/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $26, $27, $27, $11, To Date $27, $27, $27, Activity Description: This activity is for proram delivery costs associated with St. Stephen's Location Description: Chicago Illinois in census tract Activity Progress Narrative: ST Stephen's Project Delivery funds project costs and staff time spent on the activity. Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

20 # Renter Households 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 20

21 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI NSP Niceton Courts Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/31/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $29, $174, $174, To Date $174, $174, $174, Activity Description: This is a new construction develpment of 50 units of family housing. Location Description: Niceton Courts is located in Phildelphia, PA in census tract numbers and Activity Progress Narrative: Niceton Courts II is a new construction project in Philadelphia, PA, census tract numbers and The environmental due diligence has been started. Tax credits have been awarded to the project. Accomplishments Performance Measures #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 Cumulative Actual / Expected 0/50 0/50 0/50 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/50 0/50 21

22 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /50 0/50 0 # Renter Households /50 0/50 0 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 22

23 Grantee Activity Number: Activity Title: NSP200489B Cohoes Falls Program Delivery Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B Projected Start Date: 11/01/2010 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties for< LMI Projected End Date: 12/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $10, $12, $12, To Date $12, $12, $12, Activity Description: This is Program Delivery Activity Location Description: Cohoes falls is located in Cohoes New York, census tracts numbers and Activity Progress Narrative: This funds development staff on NSP activities. Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

24 # Renter Households 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 24

25 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI NSP B 47th Street Lofts Program Delivery Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/31/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $83, $83, To Date $83, $83, $83, Activity Description: This is a program delivery activity for 47th St Lofts Location Description: City of Chicago, census tract # Activity Progress Narrative: Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

26 # Renter Households 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 26

27 Grantee Activity Number: Activity Title: nsp Cohoes Falls Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B Projected Start Date: 12/15/2010 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties for< LMI Projected End Date: 02/11/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $3,497, $1,500, $3,497, $3,497, $500, $77, To Date $13,235, $13,200, $3,747, $13,200, $3,747, $3,747, $500, $77, Activity Description: Cohoes Falls is the rehabilitation of 9 parcels, 7 buildings. The project will build 1 unit,rehab 65 and build a community center. The Environmental Assessment has been approved by HUD. A loan of $13,200, has been approved. There will be relocation on this project. MacArthur Predevelopment funding of $35, has been approved for Cohoes Falls. Location Description: Cohoes Falls is in Cohoes New York, census tract Activity Progress Narrative: The Cohoes Loan closed in August. Relocation is beginning and construction will start soon. The closing with the equity partner took place on September 30, The Federal Home Loan Bank's AHP grant of $500,000 has been received. Accomplishments Performance Measures # of Properties 0 #Additional Attic/Roof Insulation 0 #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 Cumulative Actual / Expected 0/7 0/7 66/66 66/66 0/66 66/66 27

28 #Sites re-used 0 #Units other green 0 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 66/66 66/66 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /64 0/2 0/66 0 # Renter Households /64 0/2 0/66 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail Match Sources Amount Foundation funding for predevelopment $35, Subtotal Match Sources $35, Other Funding Sources Amount No Other Funding Sources Found Other Funding Sources $35,

29 Grantee Activity Number: Activity Title: NSP Depot Crossing Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B-2 Projected Start Date: 01/10/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties LH 25 Projected End Date: 02/12/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $2, ($33,321.08) ($33,321.08) $22, To Date $4,700, $4,700, $2,149, $4,700, $2,171, $2,171, $22, Activity Description: The project is the acquisition and rehabilitation of eight buildings with 32 units. The units are all 2 bedroom. The rehab will include new exterior finishes and entryway details, new high efficiency mechanical systems, new energy star appliances, new insulated windows with low e glass, upgraded finishes and open green space. Location Description: The project is located in Wareham, Massachusetts., census tract Activity Progress Narrative: Depot Crossing is waiting for an approval from HUD on subsidy layering. That approval must be received prior to construction starting. Accomplishments Performance Measures # of Properties 0 #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 #Refrigerators replaced 0 #Low flow toilets 0 #Low flow showerheads 0 Cumulative Actual / Expected 0/8 0/8 0/32 0/32 0/32 0/32 29

30 #Units exceeding Energy Star 0 # VLI Households (0-30% AMI) 0 0/32 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/32 0/32 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /32 0/32 0 # Renter Households /32 0/32 0 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 30

31 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 12/20/2010 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside nsp Northtown Village Senior Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/15/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $822, $9,674, $886, $886, To Date $10,100, $10,100, $1,273, $10,100, $1,273, $1,273, Activity Description: The project is a new construction four story elevator building containing 56 one bedroom units for the elderly. The project will exceed energy star ratings. The Indiana EPA approved the site remediation plan. That plan was also approved by HUD. Location Description: Northtown Village Senior is located in East Chicago, Indiana in census tracts and Activity Progress Narrative: Northtown Village environmental approval was received September 23, The acquisiton took place September 30, Construction will begin after the City has the demolition and remediation completed. Accomplishments Performance Measures #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 #Sites re-used 0 # VLI Households (0-30% AMI) 0 Cumulative Actual / Expected 0/56 0/56 0/56 0/56 0/56 31

32 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/56 0/56 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /25 0/31 0/56 0 # Renter Households /25 0/31 0/56 0 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 32

33 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 05/01/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside NSP B Northtown Village Program Delivery Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 12/31/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $12, $12, $12, To Date $12, $12, $12, Activity Description: This is for program delivery costs associates with Northtown Village Location Description: East Chicago, Indiana census tracts # and Activity Progress Narrative: This activity funds the development staff time spent on NSP. Accomplishments Performance Measures # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households

34 # Renter Households 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 34

35 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 11/30/2010 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI nsp Province Landing Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 10/30/2011 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $1,032, $1,106, $1,106, $93, To Date $11,700, $11,700, $2,209, $11,700, $2,209, $2,209, $117, Activity Description: Province Landing is a new construction multi family project under activity E. The project consists of six wood frame Cape Cod style buildings connected by walkways and parking. The buildings contain 25 one bedroom units, 21 two bedroom units and 4 three bedroom units. They will be built to LEED Home/Energy Star certifiable. The $11.700,000 loan has closed May 24th, 2011 and construction has begun. Location Description: Province Landing is located on Shank Painter Road in Provincetown Massachusetts in census tract Activity Progress Narrative: Province Landing continues in construction and is on schedule. Accomplishments Performance Measures #Low flow toilets 0 #Low flow showerheads 0 #Units exceeding Energy Star 0 #Sites re-used 0 #Units other green 0 Cumulative Actual / Expected 0/50 0/50 0/50 0/50 0/50 35

36 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/50 0/50 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /5 0/45 0/50 0 # Renter Households /5 0/45 0/50 0 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 36

37 Grantee Activity Number: Activity Title: NSP Thornwood Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: B-2 Projected Start Date: 11/15/2010 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase/rehab abandon/foreclosed properties LH 25 Projected End Date: 11/15/2011 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 $2, $63, $63, $2,008, To Date $22,700, $9,900, $1,420, $9,900, $1,420, $1,420, $6,940, Activity Description: This activity will be the rehabilitation of an existing building which houses elderly and disabled tenants. The tenants will be temporarily relocated during the rehab of the property. The property is being acquired with other funding which includes assuming some subordinated debt. The rehab will commence in December 2010 and be completed in the Fall of A majority of the tenants will have incomes at or below 50% of Area Median Income but only 19 units will have deed restrictons requiring tenants to have income at or below 50% of Area Median Income. The rehab will include window replacement, electrical upgrade, new enery efficient heating and hot water plant, energy star appliances, new roof with insulation, new kitchens and bathrooms, replacement of all interior lighting, if funds are available exterior lighting will be added, Location Description: The Thornwood Project is located at Thornwood Mall in University Park, Illinos in census tract Activity Progress Narrative: Thornwood continues in construction. The project is 72% complete. Accomplishments Performance Measures # of Properties 0 # of Parcels acquired by 0 # of Parcels acquired by admin 0 Cumulative Actual / Expected 1/1 37

38 #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 #Replaced thermostats 0 #Replaced hot water heaters 0 #Light Fixtures (indoors) replaced 0 #Refrigerators replaced 0 #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 # VLI Households (0-30% AMI) 0 0/1 0/1 0/183 0/1 0/732 0/183 0/183 0/183 0/183 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/183 0/183 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /19 0/164 89/ # Renter Households /19 0/164 89/ Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail Match Sources Amount 1602 funds $12,800, Subtotal Match Sources $12,800, Other Funding Sources Amount No Other Funding Sources Found Other Funding Sources $12,800,

39 Grantee Activity Number: Activity Title: Activitiy Category: Construction of new housing Project Number: E Projected Start Date: 01/30/2011 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI nsp th Street Lofts Activity Status: Under Way Project Title: Redevelop demolished/vacant properties as housing Projected End Date: 01/30/2012 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Jul 1 thru Sep 30, 2011 To Date $500, $500, $496, $500, $496, $496, Activity Description: This funding is for predevelopment expenses. This is a new construction project on vacant land. The vacant site will be deeded over by the City of Chicago to the partnership. The building will be a mixed use project with commercial space on the first floor and residential units above. No NSP2 funding will be used on the commercial space.. The project will be one building with 31 one bedroom units, 46 two bedroom units and 3 three bedroom units. 55 units will serve households with incomes at or below 120% AMI. Location Description: This project is located at 4700 South Cottage Grove on Chicago's southside. It is in census tract Activity Progress Narrative: 47th Street Pre development is continuing. The project is anticipated to close in Spring of Accomplishments Performance Measures #Low flow toilets 0 #Low flow showerheads 0 #Units with bus/rail access 0 #Units exceeding Energy Star 0 #Sites re-used 0 Cumulative Actual / Expected 0/72 0/72 0/72 0/72 0/1 39

40 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 0/72 0/72 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /55 0/55 0 # Renter Households /55 0/55 0 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 40