Grantee: Grant: Adams County, CO B-11-UN-08-0001 October 1, 2017 thru December 31, 2017 Performance 1
Grant Number: B-11-UN-08-0001 Grantee Name: Adams County, CO Grant Award Amount: $1,997,322.00 LOCCS Authorized Amount: $1,997,322.00 Budget: $4,324,225.60 Obligation Date: Contract End Date: 03/16/2014 Grant Status: Active Estimated PI/RL Funds: $2,326,903.60 Award Date: Review by HUD: Reviewed and Approved QPR Contact: No QPR Contact Found Disasters: Declaration Number No Disasters Found Narratives Summary of Distribution and Uses of NSP Funds: How Fund Use Addresses Market Conditions: Adams County will prioritize the use of the NSP funds by first targeting the acquisition of foreclosed units in neighborhoods with the highest concentration of subprime mortgage loans and at the highest risk of additional foreclosures, as confirmed through data provided by HUD and the county s own data on foreclosures. The initially targeted areas will be in those neighborhoods that meet the criteria above. The funds will be used in these primary activities, plus administration: 1) As a financing mechanism to ensure affordability (soft seconds, interest buy downs, loan guarantees, and/or a loan loss reserve) primarily for families buying units that have been rehabilitated through this program; 2) Acquisition/rehabilitation and resale 3) Acquisition/rehabilitation and resale to those families at or below 50% of AMI; 4) Acquisition/redevelopment of units that would cost more to rehabilitate than the purchase price; 5) Administration of the program which will not exceed 10% of the NSP grant and 10% of any program income. Ensuring Continued Affordability: Definition of Blighted Structure: 2
Definition of Affordable Rents: Housing Rehabilitation/New Construction Standards: Vicinity Hiring: Procedures for Preferences for Affordable Rental Dev.: Grantee Contact Information: Joelle S. Greenland, AICP Community Development Manager 4430 S. Adams County Parkway Brighton, CO 80007 720-523-6851 jgreenland@adcogov.org Overall To Date Projected Budget from All Sources N/A $4,099,892.80 Budget Obligated $4,099,892.80 $4,099,892.80 Funds Drawdown $4,033,508.31 Program Funds Drawdown Program Income Drawdown $1,702,704.37 $2,330,803.94 Program Income Received $30,951.49 $2,400,756.00 Funds Expended $4,070,108.13 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 $299,598.30 $199,732.20 Limit on State Admin Actual 0.00% 0.00% $112,814.32 $112,814.32 Most Impacted and Distressed Threshold (Projected) Progress towards LH25 Requirement $1,081,056.40 $1,089,535.93 Overall Progress Narrative: Used for administration of NSP programs and reporting, as well as DRGR training. Talked with CRHDC about a project which will expend the remaining NSP funding in 2018. The County will be submitting a 3
administrative and operating plan (critical path) to expend the remaining NSP funds to HUD in early February 2018. Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown NSP2011.001, Acquisition & Rehab $4,042,900.00 $1,649,298.06 NSP2011.002, Admin $174,732.00 $53,406.31 4
Activities Project # / Title: NSP2011.001 / Acquisition & Rehab Grantee Activity Number: Activity Title: NSP11.14 7865 York St #3 Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: NSP2011.001 Projected Start Date: 07/17/2014 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Completed Project Title: Acquisition & Rehab Projected End Date: 07/2015 Completed Activity Actual End Date: Responsible Organization: Community Resources and Housing Development Corp Overall Projected Budget from All Sources Budget Obligated Funds Drawdown $27,951.41 To Date $143,198.60 $143,198.60 $143,198.60 $143,198.60 Program Funds Drawdown $47,089.52 Program Income Drawdown $96,109.08 Program Income Received Funds Expended Oct 1 thru Dec 31, 2017 N/A $136,057.61 $143,198.60 Most Impacted and Distressed Expended Match Contributed Activity Description: Aquisition, rehab and resale Location Description: 7865 York Street #3, Thornton, CO 80229 Activity Progress Narrative: 5
Accomplishments Performance Measures # of Properties 0 #Energy Star Replacement 0 #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 #Replaced hot water heaters 0 #Light Fixtures (indoors) replaced 0 #Light fixtures (outdoors) 0 #Refrigerators replaced 0 #Dishwashers replaced 0 #Low flow toilets 0 #Low flow showerheads 0 #Sites re-used 0 Cumulative Actual / Expected 6/6 7/7 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 100.00 # Owner Households 0 0 0 0/0 100.00 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
Grantee Activity Number: Activity Title: NSP11.15 1208 W. 88th Ave Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: NSP2011.001 Projected Start Date: 09/05/2014 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI Activity Status: Completed Project Title: Acquisition & Rehab Projected End Date: 03/05/2015 Completed Activity Actual End Date: Responsible Organization: Community Resources and Housing Development Corp Overall Projected Budget from All Sources Budget Obligated Funds Drawdown $3,000.08 To Date $156,482.02 $156,482.02 $156,482.02 $156,482.02 Program Funds Drawdown $17,696.97 Program Income Drawdown $138,785.05 Program Income Received Funds Expended Oct 1 thru Dec 31, 2017 N/A $123,395.97 $156,482.02 Most Impacted and Distressed Expended Match Contributed Activity Description: Acquisition and rehab, resell Location Description: 1208 W. 88th Ave. Thornton, CO 80260 Activity Progress Narrative: Accomplishments Performance Measures # of Properties 0 #Energy Star Replacement 0 #Additional Attic/Roof Insulation 0 #High efficiency heating plants 0 Cumulative Actual / Expected 6/6 0/1 7
#Light Fixtures (indoors) replaced 0 #Refrigerators replaced 0 #Dishwashers replaced 0 #Low flow toilets 0 #Low flow showerheads 0 #Sites re-used 0 10/10 3/3 2/2 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 1/2 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 100.00 # Owner Households 0 0 0 0/0 100.00 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: NSP2011.002 / Admin Grantee Activity Number: Activity Title: Activitiy Category: Administration Project Number: NSP2011.002 Projected Start Date: 03/01/2011 Benefit Type: ( ) National Objective: NSP11.Admin Administration Activity Status: Under Way Project Title: Admin Projected End Date: 12/31/2018 Completed Activity Actual End Date: Responsible Organization: 8
N/A Adams County Community Development Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $174,732.00 $174,732.00 $174,732.00 $112,814.32 Program Funds Drawdown $53,406.31 Program Income Drawdown $59,408.01 Program Income Received Funds Expended Oct 1 thru Dec 31, 2017 N/A $119,109.89 Adams County Community Development $119,109.89 Most Impacted and Distressed Expended Match Contributed Activity Description: Administration of NSP3 Activities Location Description: Activity carried out related to NSP3 activities described in this action plan. Activity Progress Narrative: Used for administration of NSP programs and reporting, as well as DRGR training. 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 9
Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 10