Grantee: Broward County, FL Grant: B-08-UN April 1, 2012 thru June 30, 2012 Performance Report

Transcription

1 Grantee: Broward County, FL Grant: B-08-UN April 1, 2012 thru June 30, 2012 Performance Report 1

2 Grant Number: Obligation Date: Award Date: B-08-UN Grantee Name: Contract End Date: Review by HUD: Broward County, FL 03/05/2013 Original - In Progress Grant Amount: Grant Status: QPR Contact: $17,767, Active Michael Huneke Estimated PI/RL Funds: $4,700, Budget: $22,467, Disasters: Declaration Number NSP Narratives Areas of Greatest Need: Broward County Neighborhood Stabilization Program (NSP) has prioritized funding to those non-nsp entitlement municipalities and unincorporated areas with the greatest percentage of home foreclosures and subprime loans, those areas most likely to experience a significant rise in the rate of home foreclosures, and those communities with the highest concentration of moderate to low income households. The intent of this approach is to disperse funding across the County's smaller municipalities and unincorporated areas in a fair and equitable manner based upon community need. Broward County will utilize census tracts to target specific areas for assistance. Distribution and Uses of Funds: Broward County identified areas of need for its Neighborhood Stabilization Program (NSP) funding by first focusing upon the "Foreclosure and Abandonment Risk" index published by HUD. The County has selected and identified those census tracts located outside NSP entitlement communities which are most likely to be impacted by future foreclosures. Next, the County utilized the actual existing foreclosure rates by census tract, which was extracted from HUD data regarding the rates of foreclosure in the County. Finally, the County will utilize existing maps that identify those census tracts with high concentrations of subprime loan products. In addition, the County will focus only upon those census tracts which are "middle-moderate-low income eligible." The remaining eligible census tracts will then be prioritized according to the level of subprime lending, and will represent a final tier of analysis when deciding where to expend NSP funds. Definitions and Descriptions: Blighted Structure: Under 9-J5 of the State Statutes, a "blighted structure" is one where maintenance has been deferred and structure deterioration is evident. Section (b) (2) of Broward County's Administrative Codes defines it further and states: That a "Blighted area" exists, which is an area in which there is a substantial number (20% or more), of slum or deteriorating structures and conditions which endanger life or property. Affordable Rents: Affordable rental cost shall be determined by using the HOME Program rent chart for the current year, as follows: Households at 50% area median income or below will pay a maximum of the Low HOME Rent Limit (with adjustment for the number of bedrooms) minus utility allowance. Households at 51-80% of area median income will pay a maximum of the High HOME Rent Limit (with adjustments for the number of bedrooms) minus utility allowance. Households at 81%-120% of area median income will pay a maximum of the Fair Market Rent (with adjustments for the number of bedrooms) minus utility allowance. All rental activities carried out by Broward County using NSP funds will remain affordable to income-eligible families for a period no less than thirty (30) years, which exceeds the minimum standards set by 24CFR92.252(e). In addition, Income Eligible Families whose income category has changed at the time of lease renewal must pay rent according to limitations stated above. Description of how grantee will ensure continued affordability for NSP assisted housing: Broward County will require all recipients of NSP funding to execute a mortgage, promissory note, and a declaration of restrictive covenants. These documents will be recorded in the Public Records and are enforceable mechanisms to insure continued affordability. Description of housing rehabilitation standards that will apply to NSP assisted activities: Broward County will utilize its existing housing 2.

3 rehabilitation standards for NSP funded projects. These standards are included in Broward County's substantial change for NSP. Low Income Targeting: Broward County will set-aside $5 million of its NSP allocation for the redevelopment of foreclosed single and multifamily rental properties and single-family properties for resale, to be rented and sold specifically to households whose incomes do not exceed fifty percent (50%) of area median income. Acquisition and Relocation: Broward County plans on pursuing limited NSP funded demolition or conversion of low- and moderate-income dwelling units. Public Comment: Public Notice was published in the Fort Lauderdale Sun-Sentinel on October 28, A 15 day public comment period started on the date of publication with no public comments received. Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Match Contributed N/A $150, $815, $1,560, $1,348, $211, $319, $1,406, To Date $22,774, $22,174, $21,973, $18,851, $15,084, $3,767, $3,987, $18,914, $131, 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 Limit on State Admin Required To Date 0.00% 0.00% $131, $2,665, $1,776, $879, $879, Progress Toward Activity Type Targets Progress Toward National Objective Targets National Objective NSP Only - LH - 25% Set-Aside Target $4,441, Actual $6,262, Overall Progress Narrative: 3

4 As during the last quarterly reporting period, Broward County continued to focus on rehabilitation and resale or rental of acquired housing units. Program income is being used for the rehabilitation of these units with additional acquisition using program income also in progress. The County has received a total of $3,987, in program income as of the end of this quarter; $319, was received during the quarter. Program income for the next quarter is projected to be less because the inventory of homes yet to be sold is lower. During this quarterly reporting period, several major changes were made to the activities of this report. As per HUD request, multiunit activities were restructured so that each property has a separate activity. This will allow the number of units for each property and the information pertaining to those units to be more clearly presented and tracked. Therefore, multiunit activities 004, 005, 010, and 011 have been restructured and replaced with activities 013 through 024. Further, activities 004, 005, 010, and 011 separated the properties by acquisition and rehab, in the new activities, acquisition and rehab have been combined. Also, Activity 025 was created to move an eight (8) unit multifamily property from Activity 001 & 002, single-family activities, to the new multifamily Activity 025. Also, after the end of the quarterly reporting period and before this report was submitted, the responsible organizations for the activities were updated to show the organizations carrying out the activities, with budgets being transferred from the Broward County Housing Finance and Community Development Division to the organizations responsible. Other minor changes were made to some activities and are explained in more detail in those activities. During the quarter, the Broward Alliance for Neighborhood Development (BAND) completed rehabilitation and sold four (4) single-family homes to eligible households in Activity 1 & 2, LMMI, and an additional six (6) single-family homes from Activity 1 & 2 were leased for ownership. Also, the City of North Lauderdale sold four (4) single-family homes to low income households in Activity 8 & 9, LH25. BHP Community Land Trust continued rehabilitation on rental properties. During the quarter, five (5) units completed in previous quarters (in Activities 19 & 22) were rented to low income households. Additionally, seven (7) units completed in previous quarters (in Activity 23) were rented to moderate income households. Additional units are nearing rehabilitation completion and should be rented during the next quarter. The City of Hallandale Beach has acquired an eight (8) unit property and is nearing completion of rehabilitation, sale of these units should begin in the next quarter (Activity 25, LMMI). The City of North Lauderdale continues to work toward completion of two (2) down payment assistance properties, however, no down payment assistance properties were completed during this quarter. The County has met its 25% setaside requirement for low income households, with further expenditures in this area occurring during the next quarter. Overall, Broward County's NSP1 Program has acquired 59 single-family homes (55 in Activity 1, LMMI and 4 in Activity 8, LH25), completing rehabilitation and selling or leasing for ownership, 54 to eligible households, thirteen (13) to low income households (Activity 2, LMMI and Activity 9, LH25). In addition, the City of Hallandale Beach has acquired 4 single-family duplexes containing eight (8) units; two very small units will be converted into one larger unit, leaving seven (7) units (Activity 8, LH25). Overall, Broward County's NSP1 Program has acquired 11 single and multifamily rental properties containing 77 units and has completed rehabilitation on 50 of these units, renting 50 units to eligible households, 42 to low income households (Activities 13 and 15-22, LH25) and eight (8) to moderate income households (Activities 14 and 23, LMMI). The City of North Lauderdale has also given down payment assistance to 18 households, eight (8) to low income households (Activity 3, LMMI) and the City of Hallandale Beach has completed demolition of five (5) properties (Activity 7). BAND has also demolished a blighted home and redeveloped the property with a single-family home currently under contract for sale (Activity 12, LMMI). Project Summary Project #, Project Title 001, Residential Acquisition 002, Residential Rehabilitation 003, Financing Mechanism (Soft-Second Mortgage) 004, Program Planning and Administration 005, Residential Demolition Program Funds Drawdown Project Funds Budgeted To Date Program Funds Drawdown $69, $7,959, $5,441, $74, $5,390, $2,286, $770, $633, $86, $1,844, $812, $35, $25,

5 006, Housing Redevelopment 007, Multi & Single Family Residential Acquisition & Rehab For 008, Multifamily Acquisition & Rehab for Resale 9999, Restricted Balance $200, $17, $226, $5,964, $4,957, $891, $910,

6 Activities Grantee Activity Number: Activity Title: 001 Single-family Acquisition Activity Category: Acquisition - general Project Number: 001 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward Alliance for Neighborhood Development Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward Alliance for Neighborhood Development Broward County Housing Finance and Community Match Contributed Apr1 thru Jun 30, 2012 N/A $50, $69, $69, $319, $69, $6,013, ($5,944,226.85) To Date $6,338, $6,338, $6,882, $5,966, $4,769, $1,197, $3,544, $6,013, $6,013, Activity Description: As the County's primary strategy funded by the NSP allocation, this activity seeks to reverse the negative effects of foreclosed or abandoned homes upon Broward County neighborhoods by providing financing for the acquisition and redevelopment of these problematic properties. Beneficiaries will be middle, moderate and low income homebuyers, who will receive title to the property along with a declaration of restrictive covenants which will specify the long-term affordability requirement of the property (30 years). It is expected that this strategy will provide safe, decent and affordable housing to a minimum of fifty (56) middle, moderate, and low income households. Initial program dollars allocated to this activity will be realized as program income and re-invested in the activity and will create additional units of affordable housing until the program's end. It is anticipated that between 10-15% of this activity will benefit those households below fifty percent (50%) of area median income. Location Description: To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: During this reporting period no homes were acquired, drawdown and expenditures during this report period were for developer fees for homes acquired in earlier quarters. Any new properties purchased in this activity will be purchased with program income. $319, in Program Income from the sale of single-family homes (Activities 1 and 2) was received in this Activity during the quarter. 6

7 Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed from Broward County Housing Finance and Community Development Division to the Broward Alliance for Neighborhood Development (BAND). BAND has a budget of $6,338,359 for the acquisition of single-family homes and is responsible for implementing this activity. funds expended was adjusted by subtracting $5,944, from Broward County Housing Finance and Community Development and transferring this amount to BAND. Note: After the end of this quarterly reporting period and before this report was submitted, Activity 025 was created specifically for the eight unit townhouse property at NW 9th Street, Hallandale Beach, FL This property had been contained in this activity, however, the property is multifamily and does not meet the single-family definition of this activity. Therefore, a new multifamily activity was created (Activity 025) for the property and the overall budget for this property was subtracted from Activity 001 ($915,134) and this amount transferred to the new Activity 025. In addition, the project budget was further reduced by $22, to adjust Program Income projections with the budget of BAND, the organization carrying out this activity. Note: Obligated amount to date should read $6,338, Accomplishments Performance Measures # of Properties 0 # of Parcels acquired by 0 # of Parcels acquired by admin 0 # of Parcels acquired voluntarily 0 acquisition compensation to 0 Cumulative Actual / Expected 55/56 0/0 0/0 55/ /69086 # of Housing Units # of Single-family Units 0 0 Cumulative Actual / Expected 55/56 55/56 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 0/10 0/16 0/56 0 0/10 0/16 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 7

8 Grantee Activity Number: Activity Title: 002 Single-family Rehabilitation Activity Category: Rehabilitation/reconstruction of residential structures Project Number: 002 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Residential Rehabilitation Projected End Date: 02/28/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Overall Projected Budget from All Sources Budget Obligated Funds Drawdown. Program Funds Drawdown. Program Income Drawdown Program Income Received Funds Expended. Broward Alliance for Neighborhood Development. Broward County Housing Finance and Community. City of North Lauderdale Match Contributed Apr1 thru Jun 30,2012 N/A $128, $74, $53, $135, $3,852, ($4,367,891.89) $650, To Date $4,786, $4,786, $5,239, $4,500, $2,225, $2,274, $442, $4,503, $3,852, $650, Activity Description: The strategy will provide housing rehabilitation services to a minimum of fifty-six (56) foreclosed upon single-family housing units. All housing units assisted will be rehabilitated to meet local housing codes as well as the County's housing rehabilitation standards. Upon completion of rehabilitation, the housing units will be sold to middle, moderate, or low income households and proceeds will be re-invested into additional housing rehabilitation activities. Location Description: To be located on scattered sites throughout the unincorporated County, and the Urban County cities participating in Broward County's CDBG program. Activity Progress Narrative: Four (4) rehabilitated single-family homes were sold during this quarter. Two more homes are under contract pending closing and one (1) is being rehabilitated. Of the four (4) homes sold, two (2) were sold to a low income households, one (1) to a moderate income household, and one (1) to a middle income household. As stated in the last quarterly report, eight (8) homes that have been difficult to sell were transferred to an NSP developer for the purpose of administering a lease-purchase program. This program will match households that need time to improve their finances with financial counselors for the purpose of preparing them for the purchase of the homes while the families lease the homes. The homes must be sold to eligible households within 36 months plus six (6) months grace period. Six (6) of the eight (8) homes were leased for ownership during this quarter, meeting the national objective. The six (6) homes are listed below and all pertinent data for these homes entered into Beneficiaries Performance Measures and Activity Locations of this quarterly 8

9 report. Of the six (6) homes leased for ownership, one (1) was leased to a low income household, two (2) to moderate income households, and three (3) to middle income households NE 40th Court, Oakland Park, FL NW43rd Court, Oakland Park, FL NW 48th Avenue, Coconut Creek, FL SW 92nd Terrace, Cooper City, FL NW 33rd Street, Lauderdale Lakes, FL NW 34th Court, Lauderdale Lakes, FL Note: After the end of this quarterly reporting period and before this report was submitted, the overall budget was decreased by $203,871 to account for the transfer of an eight-unit multifamily townhouse property at NW 9th Street, Hallandale Beach, FL 33009, to Activity 025. In addition, the project budget was increased by $36, to adjust Program Income projections with the budget of BAND and the City of North Lauderdale, the organizations carrying out this activity. Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed, adding the Broward Alliance for Neighborhood Development (BAND) and the City of North Lauderdale to the Broward County Housing Finance and Community Development Division as the responsible organizations. BAND has a budget for this activity of $4,087,959, the City of North Lauderdale has a budget of $698, and the Broward County Housing Finance and Community Development Division has a budget of zero. funds expended was adjusted by subtracting $4,367, from Broward County Housing Finance and Community Development and transferring this amount, divided accordingly between BAND and the City of North Lauderdale. Note: Obligated amount to date should read $4,786, Accomplishments Performance Measures # of Housing Units 10 # of Single-family Units 10 Cumulative Actual / Expected 50/56 50/56 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 9/10 24/16 50/ /10 24/16 50/ Activity Locations Address 846 NE 34th Court 4117 NW 52nd Avenue 3413 NW 33rd Street 616 NW 43rd Court 1453 SW 47th Avenue 1365 NE 40th Court 3911 SW 43rd Avenue 841 NW 48th Avenue 4530 NW 34th Court 5217 SW 92nd Terrace City Oakland Park Lauderdale Lakes Lauderdale Lakes Oakland Park Fort Lauderdale Oakland Park West Park Coconut Creek Lauderdale Lakes Cooper City County State Zip Status / Accept Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N Florida Match / N 9

10 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: 003 Downpayment Assistance for Foreclosed Properties Activity Category: Homeownership Assistance to low- and moderate-income Project Number: 003 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only-LMMI Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community. City of North Lauderdale Match Contributed Activity Status: Under Way Project Title: Financing Mechanism (Soft-Second Mortgage) Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: City of North Lauderdale Apr 1 thru Jun 30,2012 To Date N/A $770, $770, $770, $633, $633, $633, ($633,849.70) $633, $633, $131, Activity Description: This activity will address financing gaps for those middle, moderate and low income homebuyers seeking to acquire foreclosed single family properties. Priority will be given to those individuals purchasing properties in the NSP funded Acquisition, Rehabilitation and Resale activity. The intent of this activity is to close the gap between what the first mortgage lender is willing to lend to the homebuyer, the homebuyer's out of pocket downpayment, and the sales price and closing costs of the home. Location Description: To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: Broward County did not close any down payment assistance projects during this quarter. Two additional down payment projects are being considered. Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed from Broward County Housing Finance and Community Development Division to the City of North Lauderdale. North Lauderdale has a budget of $770,741 for down-payment assistance and is responsible for implementing this activity. funds expended was adjusted by subtracting $633, from Broward County Housing Finance and Community Development and transferring this amount to the City of North Lauderdale. 11

12 Accomplishments Performance Measures # of Housing Units 0 # of Single-family Units 0 Cumulative Actual / Expected 18/19 18/19 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 8/8 9/10 18/ /8 9/10 18/ 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 Amount Other Funding Sources 12

13 Grantee Activity Number: Activity Title: Activity Category: Acquisition - general Project Number: 001 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside 004 Acquisition of Multifamily Properties for Rental Activity Status: Completed Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community Match Contributed Apr1 thru Jun 30, 2012 To Date N/A ($2,973,464.90) ($2,973,464.90) ($2,973,464.90) ($2,973,464.90) Activity Description: Activity to be Cancelled and replaced by Activities 013, 015 through 022 and 024. As per HUD request this multiunit activity containing rental properties has been restructured and replaced by activities 013, 015 through 022 and 024. Therefore, this activity which contained ten (10) properties will be cancelled and the ten (10) properties divided into separate activities for each property. The multifamily activities four (004) LH25 acquisition and five (005) LH25 rehabilitation have been combined so that acquisition and rehabilitation are together in the new activities. This activity seeks to reverse the negative effects of foreclosed or abandoned rental property upon Broward County neighborhoods, while providing housing options for those household at or below 50% of area median income. This activity will provide financing for the acquisition and redevelopment of these problematic properties. Beneficiaries will be low income renters, who will occupy one-hundred percent (100%) of the units assisted under this strategy. The long-term affordability requirement of rental property assisted under this strategy is thirty (30) years. It is expected that this strategy will provide safe, decent and affordable rental housing to a minimum of sixty-seven (67) low income households. Location Description: Activity to be Cancelled and replaced by Activities 013, 015 through 022 and 024. To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: HUD requested that Broward County's activities with multiunit properties be restructured so that each property has a separate activity. This will allow the number of units for each property and the information pertaining to those units to be more clearly presented and tracked. As per HUD request, multifamily activities 004, 005, 010, and 011 have been restructured and replaced 13

14 with activities 013 through 024 in order to split out each property combined in activities 004, 005, 010, and 011 into individual activities for each property. Further, activities 004, 005, 010, and 011 were separated by acquisition and rehab, in the new activities acquisition and rehab have been combined. Existing activities 010 and 011 were created to account for tenants in properties at the time of acquisition that fell into LMMI instead of LH25. Activities 014 and 023 were created to replace 010 and 011 only instead of being separated by acquisition and rehab they are separated by the two properties where this occurred, and acquisition and rehab have been combined. Activities 013 and 014, and 022 and 023 are paired together since they divide a certain number of units of the same property by LMMI and LH25. To close this activity, total obligation, expenditure and budget was subtracted and amounts moved to new activities 013, 015 through 022 and 024. Also, unit and property information was subtracted out and moved to the new activities. Accomplishments Performance Measures # of Properties -11 # of Parcels acquired voluntarily -11 acquisition compensation to 0 Cumulative Actual / Expected 0/0 0/ /0 # of Housing Units # of Multifamily Units # of Single-family Units Cumulative Actual / Expected 0/0 0/0 0/0 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 0/0 0/0 0/0 0 0/0 0/0 0/0 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 14

15 Grantee Activity Number: Activity Title: 005 Rehab, of Multi-family Properties for Rental Activity Category: Rehabilitation/reconstruction of residential structures Project Number: 002 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community Match Contributed Activity Status: Completed Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Apr 1 thru Jun 30, 2012 To Date N/A ($1,980,211.43) ($1,652,292.34) $1, $1, ($1,347,183.04) ($1,347,183.04) Activity Description: Activity to be Cancelled and replaced by Activities 013, 015 through 022 and 024. As per HUD request this multiunit activity containing rental properties has been restructured and replaced by activities 013, 015 through 022 and 024. Therefore, this activity which contained ten (10) properties will be cancelled and the ten (10) properties divided into separate activities for each property. The multifamily activities four (004) LH25 acquisition and five (005) LH25 rehabilitation have been combined so that acquisition and rehabilitation are together in the new activities. The strategy will provide housing rehabilitation services to a minimum of sixty-seven (67) foreclosed upon rental housing units. All housing units assisted will be rehabilitated to meet local housing codes as well as the County's housing rehabilitation standards. Upon completion of rehabilitation, the housing units will be rented to low income households. Location Description: Activity to be Cancelled and replaced by Activities 013, 015 through 022 and 024. To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Activity Progress Narrative: HUD requested that Broward County's activities with multiunit properties be restructured so that each property has a separate activity. This will allow the number of units for each property and the information pertaining to those units to be more clearly presented and tracked. As per HUD request, multifamily activities 004, 005, 010, and 011 have been restructured and replaced with activities 013 through 024 in order to split out each property combined in activities 004, 005, 010, and 011 into individual activities for each property. Further, activities 004, 005, 010, and 011 were separated by acquisition and rehab, in the new activities acquisition and rehab have been combined. Existing activities 010 and 011 were created to account for tenants in properties at the time of acquisition that fell into LMMI instead of LH25. Activities 014 and 023 were created to replace 010 and 15

16 011 only instead of being separated by acquisition and rehab they are separated by the two properties where this occurred, and acquisition and rehab have been combined. Activities 013 and 014, and 022 and 023 are paired together since they divide a certain number of units of the same property by LMMI and LH25. To close this activity, total obligation, expenditure and budget was subtracted and amounts moved to new activities 013, 015 through 022 and 024. Also, unit, beneficiary, and property information was subtracted out and moved to the new activities. Note: the $ showing in Program Income Drawdown and Funds Drawdown is incorrect and being researched by HUD for correction. The correct amount should be. Accomplishments Performance Measures # of Properties -9 # ELI Households (0-30% AMI) -18 Cumulative Actual / Expected 0/0 0/0 # of Housing Units # of Multifamily Units # of Single-family Units Cumulative Actual / Expected 0/0 0/0 0/0 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 0/0 0/0 0/0 0 0/0 0/0 0/0 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 16

17 Grantee Activity Number: Activity Title: 006 Administration Activity Category: Administration Project Number: 004 Projected Start Date: 03/01/2009 Benefit Type: N/A National Objective: N/A Activity Status: Under Way Project Title: Program Planning and Administration Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community Match Contributed Apr 1 thru Jun 30, 2012 To Date N/A $1,844, $1,844, $1,776, $86, $879, $86, $812, $67, $90, $913, $90, $913, Activity Description: Administrative and planning costs associated with the NSP grant. Location Description: Countywide, with administrative offices located at Broward County Housing Finance and Community Development Division, 110 NE 3rd Street, Fort Lauderdale, FL Activity Progress Narrative: Administration and planning costs associated with the NSP grant. Accomplishments Performance Measures No Accomplishments Performance Measures found. Beneficiaries Performance Measures No Beneficiaries Performance Measures found. 17

18 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: Activity Category: Clearance and Demolition Project Number: 005 Projected Start Date: 07/01/2009 Benefit Type: 007 Demolition of Residential Structures Activity Status: Under Way Project Title: Residential Demolition Projected End Date: 07/30/2013 Completed Activity Actual End Date: National Objective: NSP Only - LMMI Responsible Organization: City of Hallandale Beach Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community. City of Hallandale Beach Match Contributed Apr1 thru Jun 30, 2012 To Date N/A $25, $25, $35, $25, $25, ($10,425.50) $25, ($35,425.50) $25, $25, Activity Description: A total of $25, is now recommended for demolition of a minimum of 5 blighted structures, 4 of which are vacant residential properties located in the County NSP eligible census tracts. Location Description: Scattered sites located in the County's NSP eligible census tracts. Activity Progress Narrative: After the end of this quarterly reporting period and before this report was submitted, the demolition costs associated with the redevelopment property at 2161 NW 28thStreet, Oakland Park, FL associated with Activity 012 were transferred from this activity to Activity 012 ($10,425.50). Therefore, the number of units was reduced from six (6) to five (5) and the budget was reduced accordingly. The scope of work for this activity still remains completed. Overall, this activity demolished five (5) buildings that had been declared a public safety hazard (one (1) less then reported before the transfer to Activity 012). Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed from Broward County Housing Finance and Community Development Division to the City of Hallandale Beach. Hallandale Beach has a budget of $25,000 for the demolition of blighted structures and is responsible for implementing this activity. funds expended was adjusted to show the new organization by subtracting $35, for Broward County Housing Finance and Community Development and transferring the new adjusted amount of $25, to the City of Hallandale Beach. Note: Obligated amount to date should read $25,

20 Accomplishments Performance Measures # of Properties -1 # of buildings (non-residential) 0 Cumulative Actual / Expected 5/5 1/1 # of Housing Units -1 # of Single-family Units -1 Cumulative Actual / Expected 4/4 4/4 Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations Address City County State Zip Status / Accept Florida - Not Validated / N 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: 008 Single-family Acquisition LH25% Activity Category: Acquisition - general Project Number: 001 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Completed Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown. Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community City of Hallandale Beach City of North Lauderdale Match Contributed Apr 1 thru Jun 30, 2012 To Date N/A $683, $683, $683, $683, $671, $11, $683, ($683,296.81) $386, $386, $296, $296, Activity Description: As the County's primary strategy funded by the NSP allocation, this activity seeks to reverse the negative effects of foreclosed or abandoned homes upon Broward County neighborhoods by providing financing for the acquisition and redevelopment of these problematic properties. Beneficiaries will be low income (50% of AMI) and below only, who will receive title to the property along with a declaration of restrictive covenants which will specify the long-term affordability requirement of the property (30 years). It is expected that this strategy will provide safe, decent and affordable housing to a minimum of eleven (11) low income households. Location Description: To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: Acquisition associated with this activity is complete. Overall, four (4) single-family homes were acquired and four (4) duplexes acquired, two very small duplex units will be combined into one (1) larger unit leaving seven duplex units overall. Beneficiary information and activity locations will be entered into Activity 009 upon completion of rehabilitation and occupancy of the units. Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed, adding the City of Hallandale Beach and the City of North Lauderdale to the Broward County Housing Finance and Community Development Division as the responsible organizations. The City of Hallandale Beach has a budget for this activity of $386,413.65, the City of North Lauderdale has a budget of $296, and the Broward County Housing 21

22 Finance and Community Development Division has a budget of zero. funds expended was adjusted by subtracting $683, from Broward County Housing Finance and Community Development and transferring this amount divided accordingly between the City of Hallandale Beach and the City of North Lauderdale. Accomplishments Performance Measures # of Properties 0 # of Parcels acquired voluntarily 0 acquisition compensation to 0 Cumulative Actual / Expected 5/5 5/5 0/0 # of Housing Units # of Single-family Units 0 0 Cumulative Actual / Expected 11/11 11/11 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 0/11 0/0 0/11 0 0/11 0/0 0/11 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: 009 Single-family Rehabilitation LH25% Activity Category: Rehabilitation/reconstruction of residential structures Project Number: 002 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LH - 25% Set-Aside Overall Projected Budget from All Sources Budget Obligated Funds Drawdown. Program Funds Drawdown. Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community City of Hallandale Beach City of North Lauderdale Match Contributed Activity Status: Under Way Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Apr 1 thru Jun 30, 2012 To Date N/A $425, $425, $420, $60, $60, ($10,000.00) $60, ($70,205.56) $60, $60, Activity Description: The strategy will provide housing rehabilitation services to a minimum of eleven (11) foreclosed upon or abandoned single-family housing units. All housing units assisted will be rehabilitated to meet local housing codes as well as the County's housing rehabilitation standards. Upon completion of rehabilitation, the housing units will be occupied by low income (50% AMI and below) households. Location Description: To be located on scattered sites throughout the unincorporated County, and the Urban County cities participating in Broward County's CDBG program. Activity Progress Narrative: Overall, in this activity four (4) single-family homes and four (4) duplexes will be rehabilitated. (Two very small duplex units will be combined into one (1) larger unit leaving seven duplex units overall.) The four (4) rehabilitated single-family homes were sold to low income households during this quarter (see performance measures and activity locations to follow). Rehabilitation has not begun on the duplex units and evaluation of the feasibility of rehabilitation versus demolition and redevelopment of the units is being considered. Note: The project budget was decreased by $11, to correct for Program Income adjustments made in a previous quarter. Note: After the end of this quarterly reporting period and before this report was submitted, the responsible organization for this activity was changed, adding the City of Hallandale Beach and the City of North Lauderdale to the Broward County Housing 23

24 Finance and Community Development Division as the responsible organizations. The City of Hallandale Beach has a budget for this activity of $244, the City of North Lauderdale has a budget of $180, and the Broward County Housing Finance and Community Development Division has a budget of zero. funds expended was adjusted by subtracting $70, from Broward County Housing Finance and Community Development and transferring this amount divided accordingly between the City of Hallandale Beach and the City of North Lauderdale. The minus $10,000 in total funds expended for April thru June reflects an accounting correction that was made. Accomplishments Performance Measures # of Properties 4 # ELI Households (0-30% AMI) 0 Cumulative Actual / Expected 4/5 0/0 # of Housing Units # of Single-family Units 4 4 Cumulative Actual / Expected 4/11 4/11 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 4/11 0/0 4/ /11 0/0 4/ Activity Locations Address 7506 SW 7th Street 6281 SW 8th Place 941 SW 83rd Avenue 6940 SW 19th Manor City North Lauderdale North Lauderdale North Lauderdale North Lauderdale County State Zip Status / Accept Florida Match / N Florida Match / N Florida Match / N Florida Match / N 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: Activity Category: Acquisition - general Project Number: 001 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI 010 Acquisition Multifamily Properties for Rental LMMI Activity Status: Completed Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community Match Contributed Apr 1 thru Jun 30,2012 To Date N/A ($554,617.00) ($554,617.00) ($554,617.00) ($554,617.00) Activity Description: Activity to be Cancelled and replaced by activities 014 and 023. As per HUD request this multiunit activity containing rental properties has been restructured and replaced by activities 014 and 023. Therefore, this activity which contained ten (10) units in two (2) properties will be cancelled and the ten (10) units in two (2) properties divided into separate activities for each property. The multifamily activities Ten (010), LMMI acquisition, and Eleven (011), LMMI rehabilitation, have been combined so that acquisition and rehabilitation are together in the new activities. This activity seeks to reverse the negative effects of foreclosed or abandoned rental property upon Broward County neighborhoods, while providing housing options for those households at or below 120% of the area median income. This activity will provide financing for the acquisition and redevelopment of these problematic properties. Beneficiaries will be low, moderate and middle income renters, who will occupy one-hundred percent (100%) of the units assisted under this strategy. The log-term affordability requirement of rental property assisted under this strategy is thirty (30) years. It is expected that this strategy will provide safe, decent and affordable rental housing to a minimum often (10) low, moderate and middle income households. Location Description: Activity to be Cancelled and replaced by activities 014 and 023. To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: HUD requested that Broward County's activities with multiunit properties be restructured so that each property has a separate activity. This will allow the number of units for each property and the information pertaining to those units to be more clearly 25

26 presented and tracked. As per HUD request, multifamily activities 004, 005, 010, and 011 have been restructured and replaced with activities 013 through 024 in order to split out each property combined in activities 004, 005, 010, and 011 into individual activities for each property. Further, activities 004, 005, 010, and 011 were separated by acquisition and rehab, in the new activities acquisition and rehab have been combined. Existing activities 010 and 011 were created to account for tenants in properties at the time of acquisition that fell into LMMI instead of LH25. Activities 014 and 023 were created to replace 010 and 011 only instead of being separated by acquisition and rehab they are separated by the two properties where this occurred, and acquisition and rehab have been combined. Activities 013 and 014, and 022 and 023 are paired together since they divide a certain number of units of the same property by LMMI and LH25. To close this activity, total obligation, expenditure and budget was subtracted and amounts moved to new activities 014 and 023. Also, unit and property information was subtracted out and moved to the new activities. Accomplishments Performance Measures # of Properties -2 # of Parcels acquired voluntarily -2 Cumulative Actual / Expected 0/0 0/0 # of Housing Units # of Multifamily Units Cumulative Actual / Expected 0/0 0/0 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 0/0 0/0 0/0 0 0/0 0/0 0/0 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 26

27 Grantee Activity Number: Activity Title: 011 Rehab Multifamily Properties Rental LMMI Activity Category: Rehabilitation/reconstruction of residential structures Project Number: 002 Projected Start Date: 07/01/2009 Benefit Type: Direct Benefit (Households) National Objective: NSP Only - LMMI Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Broward County Housing Finance and Community Match Contributed Activity Status: Completed Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Broward County Housing Finance and Community Apr1 thru Jun 30,2012 To Date N/A ($305,986.64) ($19,623.00) ($19,623.00) ($19,623.00) Activity Description: Activity to be Cancelled and replaced by Activities 014 and 023. As per HUD request this multiunit activity containing rental properties has been restructured and replaced by activities 014 and 023. Therefore, this activity which contained ten (10) units in two (2) properties will be cancelled and the ten (10) units in two (2) properties divided into separate activities for each property. The multifamily activities Ten (010) LMMI, acquisition, and Eleven (011) LMMI, rehabilitation, have been combined so that acquisition and rehabilitation are together in the new activities. This strategy will provide housing rehabilitation services to a minimum often (10) foreclosed upon rental housing units. All housing units assisted will be rehabilitated to meet local housing codes as well as the County's housing rehabilitation standards. Upon completion of rehabilitation, the housing units will be rented to low, moderate and middle income households. Location Description: Activity to be Cancelled and replaced by Activities 014 and 023. To be located on scattered sites throughout the unincorporated County, and the urban County cities participating in Broward County's CDBG program. Activity Progress Narrative: HUD requested that Broward County's activities with multiunit properties be restructured so that each property has a separate activity. This will allow the number of units for each property and the information pertaining to those units to be more clearly presented and tracked. As per HUD request, multifamily activities 004, 005, 010, and 011 have been restructured and replaced with activities 013 through 024 in order to split out each property combined in activities 004, 005, 010, and 011 into individual activities for each property. Further, activities 004, 005, 010, and 011 were separated by acquisition and rehab, in the new activities acquisition and rehab have been combined. Existing activities 010 and 011 were created to account for tenants in properties at the time of acquisition that fell into LMMI instead of LH25. Activities 014 and 023 were created to replace 010 and 27