A REPORT FROM THE OFFICE OF INTERNAL AUDIT
|
|
- Marilyn Hall
- 5 years ago
- Views:
Transcription
1 A REPORT FROM THE OFFICE OF INTERNAL AUDIT PRESENTED TO THE CITY COUNCIL CITY OF BOISE, IDAHO AUDIT / TASK: AUDIT CLIENT: REPORT DATE: October 14, 2013 AUDIT GRADE: #13-04, Property Rehabilitation / Loan Processes City of Boise - Housing and Community Development Division / Treasury Division Satisfactory REPORT AUTHOR: APPROVED FOR RELEASE: Steven Rehn CIA, CFSA Steven Rehn CIA, CFSA AUTHORITY: Boise City Code, FY2013 Work Plan
2 Task #13-04, Housing Loan and Rehab Programs Date of Audit: April 28, 2013 INTRODUCTION The Office of Internal Audit undertook a scheduled review of the loan processes and procedures in place at the City of Boise s Housing and Community Development Division (HCD). Audit also elected to perform an overview of the recently completed Neighborhood Stabilization Program (NSP) that the Division participated in over roughly a three-year period ending the latter part of Utilizing grant funding obtained through the Department of Housing and Urban Development, HCD is generally involved in assisting low and moderate income (LMI) citizens in obtaining safe, sanitary, and affordable housing. They work toward achieving that end through a number of methods: Funding affordable loans to assist in the acquisition of permanent residential housing; Funding affordable loans to assist existing homeowners in rehabilitating / repairing housing that is in need of emergency repairs, or code updates; Providing grants to further these acquisition and / or repair activities; Maintaining and operating a substantial inventory of rental housing that is priced for, and made available to LMI citizens; Participating in programs that provide emergency shelter; and, Partnering with external entities to further the goals of housing and economic opportunities. The loan and rental programs are generally carried out with funding through the Community Development Block Grant program (CDBG), and the Home Investment Partnerships Program (HOME). With respect to the loan programs, HCD is responsible for applicant screening and loan underwriting. Once the loans are funded and set up on an in-house mortgage system, on-going servicing is handed off to the City s Treasury Division. Other specialty groups Collections and Legal, for instance become involved on an as-needed basis. The Housing and Economic Recovery Act of 2008 (HERA), through the NSP program, provided funding for the acquisition, rehabilitation, and sale of residential housing units to LMI citizens. The intent of the NSP program was to aid in stabilizing areas that had been negatively affected by foreclosures, vacancy, and / or property abandonment. HCD participated in this program locally, with the Idaho Housing and Finance Association (IHFA) acting as the lead statewide grantor agency. 2
3 SCOPE AND METHODOLOGIES Internal Audit established the scope of the review to include loan activities from FY 2010 through FY 2012; and the entire life cycle of the Neighborhood Stabilization Program. The objectives of the audit were established as follows: Assess current lending-related functions, including compliance with underwriting and lending procedures; Ensure that compliance with applicable lending related regulations is being achieved; Ensure that loans are receiving proper attention relative to servicing activities, and that the loans are administered consistent with the terms of the promissory notes and deeds of trust; Ensure that an appropriate accounting of loan servicing activities has and is occurring that all associated general ledger accounts are properly reconciled; and, Assess the level of overall performance that was achieved within the HERA / housing purchase, rehabilitation, and sale program. The Office of Internal Audit utilized a combination of interviews, observations, recalculations, and detailed attribute testing in order to accomplish the defined objectives. The work that was planned and performed was deemed to be sufficient to support the findings, recommendations, and conclusions contained within this report. 3
4 EVALUATION AND COMMENTS Based on the work performed, and on Internal Audit s evaluation of the results, Housing and Community Development s lending operations are deemed to be performing at a Satisfactory level. A Satisfactory grade is typically assigned where reportable issues are encountered, but they do not appear to represent a pattern or a practice. Generally, internal controls are in place and functioning reasonably well. Internal Audit last reviewed HCD s lending activities in fiscal year Since that time, our review suggests the Division has realized continuing improvements in their lending-related processes. Procedural guidance is in place and is regularly observed, loan files are adequately documented, and underwriting activities conform to overall program guidelines. Additionally, lending staff utilize an automated system to produce the necessary loan disclosures, which helps ensure compliance with form, content, and accuracy requirements. Internal Audit did note one issue of concern. However, that particular deficiency related to downstream servicing activities that are accomplished in the City s Treasury Division. Due to a staffing-related change, an annually-required escrow analysis for a small number of loans (twelve) was not performed as required. While there do not appear to be any significant negative consequences to the borrowers involved, this oversight does represent a violation of requirements contained within federal lending-related regulations. Also, as indicated in earlier sections of this report, we reviewed HCD s participation in the NSP housing program. Results support the fact that the Division generally achieved the overall deliverables that were articulated at the onset of the project. Further, it appears that a number of factors associated with these deliverables were not necessarily controllable by the Division, which may have contributed to the length of the program, and a slower pace of goal achievement than might otherwise have been the case. The following report sections provide additional details on these topics. (Refer to Appendix A for additional details concerning Internal Audit s existing grading scale.) 4
5 RECOMMENDATIONS Audit s Findings are detailed below; including any recommendations that were made, and management s responses to those suggestions. Finding #1: Annual Escrow Analysis HCD carries out an on-going loan program in furtherance of its affordable housing, and housing rehabilitation objectives. The Treasury Division of DFA has assumed responsibility for the primary servicing functions associated with the loan portfolio. While reviewing the adequacy of overall servicing efforts, we noted a small number of the loans, approximately twelve, had Impound balances essentially, accounts maintained for the payment of real estate taxes and property insurance. Treasury staff indicated no escrow analysis had been performed on these loans since a change in staffing had occurred. Audit established the staffing change date as having occurred in mid-calendar year As the loan-servicing entity, the City is required to provide these borrowers with an annual statement of escrow analysis, and to establish escrow contribution amounts that will result in satisfying the cushion requirements and limitations contained within the Real Estate Settlement Procedures Act (RESPA). The required analysis that should have been performed at the beginning of calendar year 2013 did not occur. Impound balances generally appear to be adequate; however, compliance was not achieved with the provisions of RESPA. Recommendation Internal Audit recommends that management review the requirements, and implement procedures to ensure that all applicable RESPA requirements are satisfied going forward. Borrowers will be assured that their impound amounts are sufficient to meet on-going tax and / or insurance requirements. Management Response Treasury has added performing escrow analysis to the work plan to be completed in early 2014 using analysis functionality within the existing loan accounting software. The following schedule has been established: Escrow Analysis will run on January 14, Letters without escrow refunds will be mailed January 15, Letters with escrow refunds will be mailed January 20, Thank you for discovering this oversight. 5
6 Neighborhood Stabilization Program NSP was a part of the 2008 federal stimulus program originally enacted through HERA. The funds were delivered through HUD s CDBG funding stream. Idaho Housing and Finance Association (IHFA) administered the program throughout the state of Idaho, working with select local entities such as HCD to accomplish program goals. HCD s objectives were to acquire foreclosed or abandoned properties; and to rehabilitate and make those properties ready for sale to eligible homebuyers who were at or below 120% of AMI (Area Median Income). The Division received a conditional award letter on April 10, 2009, and an executed sub-recipient agreement on July 1, 2009; both from IHFA. The official program close out date for HCD was September 19, The total initial award to HCD was $1.8 Million. Administrative costs were limited to 8% of the award amount. Following is a summation of the Division s program accomplishments: Performance Metric Anticipated Performance Actual Performance ^ Total Spending $1,800,613 $1,974,006 Number of Structures Acquired and Rehabilitated Program Life Cycle 18 Months 35 Months Average Values per Structure Acquisition Price $1,275,482 $98,114 Appraised Value $1,405,000 $108,077 Cost versus Market Value 1% below Appraisal Range from 1.0% to 21.5% 8.9% below Appraisal Rehabilitation Costs $297,723 $22,902 Other / Holding Costs $127,811 $9,832 Total Property Investment $1,701,016 $130,847 Sales Price $1,385,900 $106,608 Financial Subsidy to Buyer ~ $213,126 $16,394 Net Proceeds From Sale $1,172,774 $90,213 Net Program Cost / (Loss) ( $528,242) ( $40,634) ^ Note: Exclusive of $127,693 total cost of a duplex acquired for rental purposes. This activity was approved as an eligible use of program funds under an interim program amendment. Also, total program spending exceeded original budgets due to the reinvestment of program income back into the program. ~ Note: Provisions to assist Homebuyers in filling needs-based gaps were incorporated into the original program by HCD s grantor agency IHFA, and by the lead agency, HUD. 6
7 As suggested by the table above, several areas appear to be worthy of additional comment relative to HCD s program accomplishments. 1. Program requirements called for the acquisition of properties at a minimum of 1% below the properties then-current appraised values. HCD met and exceeded that requirement, achieving an overall discount of 8.9%. 2. HCD originally anticipated it would acquire, rehabilitate, and dispose of approximately 10 to 11 properties over an 18-month period. The Division renovated 13 properties. The actual program life cycle at 35 months was roughly double the original expectation. HCD appears to have experienced delays that were not dis-similar to those experienced by NSP participants nationwide. Changing property inventories, private sector competition, and delays in working with and through the private financial services providers caused delays in program implementation nationally. 3. Transaction history indicates the properties were held for an average of nearly 17 months between acquisition and sale. These extended holding periods likely increased, at least marginally, the costs associated with maintaining / holding the properties. 4. Program thru-put ultimately achieved what was anticipated; though the cycle time to re-sell appears to have been somewhat protracted. An investment of roughly $2 Million, and nearly three years of administrative effort yielded thirteen housing solutions. 5. In order to house each of the thirteen qualified buyers, the program provided an average economic subsidy (via loss on sale) of nearly $41,000 per sale including the direct assistance provided to the buyers in order to close their transactions. HUD did not establish minimum sales prices, and did anticipate that losses on sale would occur since one of the program requirements stipulated sales prices less than the value of the properties post-rehabilitation values. HUD essentially viewed any loss incurred on sale as a non-recoverable development subsidy. The program yielded several benefits that were consistent with overall NSP program goals. As the lead grantor agency, IHFA s goals included the acquisition and rehabilitation of foreclosed properties in order to return them to the market, thereby assisting in the stabilization of neighborhoods. Associated with those goals were the aims of providing affordable housing, and ensuring a sustained period of affordability for those housing units. 1. HCD partnered with the Federal National Mortgage Association to identify and acquire foreclosed / abandoned properties in targeted areas of the City. The Division also partnered with local lenders to facilitate the ultimate sale of the properties. Surplus housing inventory was removed from the market through the re-development / rehabilitation activities. 7
8 2. Working within program parameters established by IHFA, and with financing that was underwritten and managed by IHFA, qualified LMI homebuyers who purchased HCD s properties were successfully housed. 3. Deed restrictions common to the affordable housing environment were utilized to ensure sustained periods of affordability for the subject properties. 4. Tangentially, the program likely provided demonstrable benefits to the local economy as well. Stimulus funds were injected into the local market through the use of area contractors and service-providers associated with the acquisition, renovation / repair, and re-sale of the acquired properties. Overall, HCD appears to have achieved its goals relative to the NSP program. 8
9 CONCLUSION Overall, members of the management team responsible for the Housing and Community Development loan functions have implemented effective internal control systems. The Division was also successful in achieving program goals associated with the recently completed Neighborhood Stabilization Program; the City s stock of sustained, affordable housing was enhanced as a result of these efforts. Internal Audit would like to express its appreciation for the assistance provided the management and staff of the Housing and Community Development Division during the course of this review. MANAGEMENT PARTICIPANTS James Birdsall, Division Manager / Housing & Community Development AnaMarie Guiles, Program Manager / Housing & Community Development Richard Downen, Deputy Assistant Treasurer / Department of Finance & Administration 9
10 APPENDIX A Evaluation and Grading of Audits Each audit will be evaluated or graded, and will receive one of the five following ratings. Grades will be assigned based on the perceived best fit. Thus, not all attributes associated with an assigned grade may be present within a given Department or Division. High Satisfactory No significant weaknesses or deficiencies were noted during the audit. If any issues were noted, they were clearly insignificant or inconsequential. The audited area displays a high degree of control and management oversight is effective. Satisfactory Reportable issues may exist within the audited area, but they are not deemed to be representative of pattern or practice within the area. Issues are typically of an isolated nature. Overall, systems of internal control are effective, and management oversight is adequate and supportive of the accomplishment of goals and objectives. Low Satisfactory Reportable issues exist within the audited area, and are encountered frequently enough to lose the appearance of isolated. Systems of internal control appear to be marginally adequate at best. Management oversight is not always effective to ensure the quality of operations. Needs Improvement Weaknesses or deficiencies are encountered on a relatively frequent basis within the audited entity or function. Issues noted, and their frequency, are suggestive of a pattern or practice of inadequate oversight. Internal control mechanisms may not be universally in place, implemented, or actively observed. Management oversight is weak, or is not always effective. Unsatisfactory Material or significant deficiencies are noted within the operations under review. Issues may pose risks that are either missioncritical or mission-fatal. Management has failed to implement appropriate internal controls. Management oversight is ineffective, absent, or willfully avoided. 10
A REPORT FROM THE OFFICE OF INTERNAL AUDIT PRESENTED TO THE CITY COUNCIL CITY OF BOISE, IDAHO
A REPORT FROM THE OFFICE OF INTERNAL AUDIT PRESENTED TO THE CITY COUNCIL CITY OF BOISE, IDAHO AUDIT / TASK: #17-01, Airport Leases AUDIT CLIENT: Airport REPORT DATE: April 11, 2017 AUDIT GRADE: Satisfactory
More informationGuidance for Habitat for Humanity Affiliates January 12, 2011
January 12, 2011 Community Planning and Development NSP Policy Alert! Guidance for Habitat for Humanity Affiliates January 12, 2011 Overview Habitat for Humanity utilizes a unique development model to
More informationReviewed and Approved
Action Plan Grantee: Grant: Grand Rapids, MI B-08-MN-26-0006 LOCCS Authorized Amount: Grant Award Amount: $ 6,187,686.00 $ 6,187,686.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 1,203,715.00
More informationIntroduction & Overview
INTRODUCTION... 2 OVERVIEW... 2 HOME Program Activities... 3 National Housing Trust Fund Program-Overview... 3 HTF- Specific Rental Housing Activities... 3 Neighborhood Stabilization Program... 4 Substantial
More informationNSP DEVELOPER ARRESALE PROGRAM PROCEDURES
NSP DEVELOPER ARRESALE PROGRAM PROCEDURES HERA 2301(c)(3)(B) purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop
More informationFiscal Year 2019 Community Development Block Grant Program Funding Request. Cover Sheet. City of Lakewood, Division of Community Development
Fiscal Year 2019 Community Development Block Grant Program Funding Request Cover Sheet Organization Organization Type City of Lakewood, Division of Community Development Municipal Government Address 12650
More informationNeighborhood Stabilization Program
Neighborhood Stabilization Program Neighborhood Stabilization Program What is the Neighborhood Stabilization Program? NSP was funded in 3 rounds to provide assistance to state and local governments to
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT Jurisdiction(s): City of Sterling Heights (identify lead entity in case of joint agreements) Jurisdiction Web Address: (URL where NSP Substantial Amendment materials are posted)
More informationReviewed and Approved
Action Plan Grantee: Grant: Prince William County, VA B-08-UN-51-0002 LOCCS Authorized Amount: Grant Award Amount: $ 4,134,611.98 $ 4,134,611.98 Status: Reviewed and Approved Estimated PI/RL Funds: $ 43,900.00
More informationApril 1, 2013 thru June 30, 2013 Performance Report
Grantee: Prince William County, VA Grant: B-08-UN-51-0002 April 1, 2013 thru June 30, 2013 Performance Report 1 Grant Number: B-08-UN-51-0002 Grantee Name: Prince William County, VA Grant Amount: Estimated
More informationJuly 1, 2011 thru September 30, 2011 Performance Report
Grantee: Pinellas County, FL Grant: B-08-UN-12-0015 July 1, 2011 thru September 30, 2011 Performance Report 1 Grant Number: B-08-UN-12-0015 Grantee Name: Pinellas County, FL Grant Amount: $8,063,759.00
More informationNSP Rental Basics: A Primer on Using Rental Projects to Meet NSP Obligation and 25% Set-Aside Requirement. About this Tool
NSP Rental Basics: A Primer on Using Rental Projects to Meet NSP Obligation and 25% Set-Aside Requirement About this Tool Description: This tool is intended for NSP grantees and their partners seeking
More informationNeighborhood Stabilization Program (NSP) A Briefing To The Housing Committee November 17, 2008
Neighborhood Stabilization Program (NSP) A Briefing To The Housing Committee November 17, 2008 KEY FOCUS AREA: ECONOMIC VIBRANCY Purpose: To provide an overview of the Housing & Economic Recovery Act of
More informationGrantee: Broward County, FL Grant: B-08-UN April 1, 2012 thru June 30, 2012 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 April 1, 2012 thru June 30, 2012 Performance Report 1 Grant Number: Obligation Date: Award Date: B-08-UN-12-0002 Grantee Name: Contract End Date: Review
More informationBoard of County Commissioners. Neighborhood Stabilization Program Audit Report
Board of County Commissioners Neighborhood Stabilization Program Audit Report August 2012 Internal Audit Division Clerk of the Circuit Court Betty Strifler Clerk of the Circuit Court Citrus County 110
More informationState Housing Initiatives Partnership Audit - #769 Executive Summary
Council Auditor s Office City of Jacksonville, Fl State Housing Initiatives Partnership Audit - #769 Executive Summary Why CAO Did This Review Pursuant to Section 5.10 of the Charter of the City of Jacksonville
More informationB-11-MN April 1, 2014 thru June 30, 2014 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Pomona, CA B-11-MN-06-0516 April 1, 2014 thru June 30, 2014 Performance Report 1 Grant Number: B-11-MN-06-0516 Grantee Name: Pomona, CA Grant Award Amount: $1,235,629.00 LOCCS Authorized
More informationJanuary 1, 2016 thru March 31, 2016 Performance Report
Grantee: Grant: Clark County, NV B-08-UN-32-0001 January 1, 2016 thru March 31, 2016 Performance Report 1 Grant Number: B-08-UN-32-0001 Grantee Name: Clark County, NV Grant Award Amount: $29,666,798.00
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT AMENDED DRAFT AUGUST 29, 2009 Jurisdiction(s): Town of Babylon (located in Suffolk County New York) Jurisdiction Web Address: www.townofbabylon.com NSP Contact Person: Theresa
More informationMetropolitan Development and Housing Agency. Reviewed and Approved
Action Plan Grantee: Grant: Metropolitan Development and Housing Agency B-09-CN-TN-0024 LOCCS Authorized Amount: Grant Award Amount: $ 30,469,999.99 $ 30,469,999.99 Status: Reviewed and Approved Estimated
More informationState of Rhode Island. National Housing Trust Fund Allocation Plan. July 29, 2016
HTF Program: Method of Distribution State of Rhode Island National Housing Trust Fund Allocation Plan July 29, 2016 The Housing Trust Fund (HTF) is a new affordable housing production program that will
More informationHousing Program Application (HOME & HTF) County of Bucks, Pennsylvania Housing Services
Housing Program Application (HOME & HTF) County of Bucks, Pennsylvania Housing Services Since 1989, Housing Services has been the comprehensive provider of funding for community development, housing and
More informationJuly 1, 2014 thru September 30, 2014 Performance Report
Grantee: Grant: Broward County FL B-11-UN-12-0002 July 1 2014 thru September 30 2014 Performance Report 1 Grant Number: B-11-UN-12-0002 Grantee Name: Broward County FL Grant Award Amount: $5457553.00 LOCCS
More informationKatrina Supplemental CDBG Funds. For. Long Term Workforce Housing. CDBG Disaster Recovery Program. Amendment 6 Partial Action Plan
Katrina Supplemental CDBG Funds For Long Term Workforce Housing CDBG Disaster Recovery Program Amendment 6 Partial Action Plan Amendment 6 Partial Action Plan for Long Term Workforce Housing Overview This
More informationApplication Training / Overview Questions and Answers July 10, 2018
Application Training / Overview Questions and Answers July 10, 2018 1. Does community outreach of 500 feet need to be done before the application submittal? A. The City encourages that community outreach,
More informationExtending the Right to Buy
Memorandum for the House of Commons Committee of Public Accounts Department for Communities and Local Government Extending the Right to Buy MARCH 2016 4 Key facts Extending the Right to Buy Key facts 1.8m
More informationB-11-MN April 1, 2015 thru June 30, 2015 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Orlando, FL B-11-MN-12-0020 April 1, 2015 thru June 30, 2015 Performance Report 1 Grant Number: B-11-MN-12-0020 Grantee Name: Orlando, FL Grant Award Amount: $3,095,137.00 LOCCS Authorized
More informationU.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER Special Attention of: All Multifamily Hub and Program Center Directors
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT Jurisdiction(s): Town of Babylon (located in Suffolk County New York) Jurisdiction Web Address: www.townofbabylon.com NSP Contact Person: Theresa Sabatino, Director Town of
More informationOctober 1, 2013 thru December 31, 2013 Performance Report
Grantee: Orlando, FL Grant: B-11-MN-12-0020 October 1, 2013 thru December 31, 2013 Performance Report 1 Grant Number: B-11-MN-12-0020 Grantee Name: Orlando, FL LOCCS Authorized Amount: $3,095,137.00 Estimated
More informationNSP Project Feasibility Analysis Template: Instruction Manual
NSP Project Feasibility Analysis Template: Instruction Manual About this Tool Description: This tool provides tab-by-tab instructions for using the NSP Project Feasibility Analysis Template, a workbook
More informationGrantee: Broward County, FL Grant: B-08-UN April 1, 2011 thru June 30, 2011 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 April 1, 2011 thru June 30, 2011 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL Grant Amount: $17,767,589.00 Grant
More informationJanuary 1, 2013 thru March 31, 2013 Performance Report
Grantee: Pinellas County, FL Grant: B-11-UN-12-0015 January 1, 2013 thru March 31, 2013 Performance Report 1 Grant Number: B-11-UN-12-0015 Grantee Name: Pinellas County, FL Grant Amount: $4,697,519.00
More informationTHE NSP SUBSTANTIAL AMENDMENT
THE NSP SUBSTANTIAL AMENDMENT Jurisdiction(s): City of Mesquite Jurisdiction Web Address: www.cityofmesquite.com/nsp NSP Contact Person: Mike Gilchrist Address: P. O. Box 850137 Telephone: 972-329-8347
More informationNSP Program Overview. Daniel Blanchard COJ Management Consultant
NSP Program Overview Daniel Blanchard COJ Management Consultant 904 237 7781 daniel.blanchard@comcast.net NSP Basics Neighborhood Stabilization Program Housing Economic and Recovery ACT of 2008 (HERA)
More informationCover Sheet. City of Lakewood, Division of Community Development. Address Detroit Avenue, Lakewood, OH Phone
Cover Sheet Organization Organization Type City of Lakewood, Division of Community Development Municipal Government Address 12650 Detroit Avenue, Lakewood, OH 44107 Contact Person & Title Mary Leigh, Programs
More informationReviewed and Approved
Action Plan Grantee: Grant: Houston, TX B-11-MN-48-0400 LOCCS Authorized Amount: Grant Award Amount: $ 3,389,035.00 $ 3,389,035.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 1,250,664.11 Total
More informationOctober 1, 2012 thru December 31, 2012 Performance Report
Grantee: Pinellas County, FL Grant: B-11-UN-12-0015 October 1, 2012 thru December 31, 2012 Performance Report 1 Grant Number: B-11-UN-12-0015 Grantee Name: Pinellas County, FL Grant Amount: $4,697,519.00
More informationCHAPTER Committee Substitute for Committee Substitute for House Bill No. 437
CHAPTER 2013-83 Committee Substitute for Committee Substitute for House Bill No. 437 An act relating to community development; amending s. 159.603, F.S.; revising the definition of qualifying housing development
More information2016 Vermont National Housing Trust Fund Allocation Plan
2016 Vermont National Housing Trust Fund Allocation Plan Overview The National Housing Trust Fund (HTF) is a new federal affordable housing production program that will complement existing Federal, State,
More informationCommunity Housing Development Organization (CHDO) Manual. Policies Requirements for Certification Requirements for Recertification
Community Housing Development Organization (CHDO) Manual Policies Requirements for Certification Requirements for Recertification Kentucky Housing Corporation 1231 Louisville Road Frankfort, KY 40601 (502)
More informationReviewed and Approved
Action Plan Grantee: Grant: Pembroke Pines, FL B-11-MN-12-0022 LOCCS Authorized Amount: Grant Award Amount: $ 2,330,542.00 $ 2,330,542.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 587,359.64
More informationJuly 1, 2013 thru September 30, 2013 Performance Report
Grantee: Broward County, FL Grant: B-08-UN-12-0002 July 1, 2013 thru September 30, 2013 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL LOCCS Authorized Amount: $17,767,589.00
More informationJanuary 1, 2015 thru March 31, 2015 Performance Report
Grantee: Grant: Broward County, FL B-08-UN-12-0002 January 1, 2015 thru March 31, 2015 Performance Report 1 Grant Number: B-08-UN-12-0002 Grantee Name: Broward County, FL Grant Award Amount: $17,767,589.00
More informationB-08-MN October 1, 2015 thru December 31, 2015 Performance. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Pomona, CA B-08-MN-06-0516 October 1, 2015 thru December 31, 2015 Performance 1 Grant Number: B-08-MN-06-0516 Grantee Name: Pomona, CA Grant Award Amount: $3,530,825.00 LOCCS Authorized
More informationNeighborhood Stabilization Program Frequently Asked Questions
Neighborhood Stabilization Program Frequently Asked Questions Q: Are the insurance requirements (in XVIII) uniform to all applicants, including the non-profits? Yes, the insurance requirements are required
More informationOctober 1, 2009 thru December 31, 2009 Performance Report
Grantee: Lancaster, CA Grant: B-08-MN-06-0510 October 1, 2009 thru December 31, 2009 Performance Report Grant Number: B-08-MN-06-0510 Grantee Name: Lancaster, CA Grant Amount: $6,983,533.00 Grant Status:
More informationApril 1, 2013 thru June 30, 2013 Performance Report
Grantee: Pinellas County, FL Grant: B-08-UN-12-0015 April 1, 2013 thru June 30, 2013 Performance Report 1 Grant Number: B-08-UN-12-0015 Grantee Name: Pinellas County, FL Grant Amount: $8,063,759.00 Estimated
More informationLand Bank Program. A Briefing to the Housing Committee. Housing/Community Services Department September 19, 2016
Land Bank Program A Briefing to the Housing Committee Housing/Community Services Department September 19, 2016 Purpose Provide information on the Dallas Urban Land Bank Demonstration Program Discuss FY
More informationCORPORATION TO DEVELOP COMMUNITIES OF TAMPA, INC. AUDIT MAY 3, 2016
CORPORATION TO DEVELOP COMMUNITIES OF TAMPA, INC. AUDIT 13-03 MAY 3, 2016 CITY OF TAMPA Bob Buckhorn, Mayor Internal Audit Department Christine Glover, Internal Audit Director May 3, 2016 Honorable Bob
More informationReviewed and Approved
Action Plan Grantee: Grant: Orange County, FL B-11-UN-12-0012 LOCCS Authorized Amount: Grant Award Amount: $ 11,551,158.00 $ 11,551,158.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 11,700,000.00
More informationJanuary 1, 2010 thru March 31, 2010 Performance Report
Grantee: Wyoming State Program Grant: B-08-DN-56-0001 January 1, 2010 thru March 31, 2010 Performance Report Grant Number: B-08-DN-56-0001 Grantee Name: Wyoming State Program Grant : $19,600,000.00 Grant
More informationB-09-CN-CA April 1, 2014 thru June 30, 2014 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Long Beach, CA B-09-CN-CA-0045 April 1, 2014 thru June 30, 2014 Performance Report 1 Grant Number: B-09-CN-CA-0045 Grantee Name: Long Beach, CA Grant Award Amount: $22,249,980.00 LOCCS
More informationApril 1, 2011 thru June 30, 2011 Performance Report
Grantee: Pomona, CA Grant: B-11-MN-06-0516 April 1, 2011 thru June 30, 2011 Performance Report 1 Grant Number: B-11-MN-06-0516 Grantee Name: Pomona, CA Grant Amount: $1,235,629.00 Estimated PI/RL Funds:
More informationReviewed and Approved
Action Plan Grantee: Grant: Idaho B-11-DN-16-0001 LOCCS Authorized Amount: Grant Award Amount: $ 5,000,000.00 $ 5,000,000.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 5,400,000.00 Total Budget:
More informationMontgomery County, Ohio NSP Amendments Submitted June 18, 2010
NSP Activity Changes Related to Funding Montgomery County, Ohio NSP Amendments Submitted June 18, 2010 1. Activity number 01 1, Low Income Targeting DMHA Acq Delete $514,068.95 from Total $514,068.95 available
More informationCity of Bradenton. Proposed Neighborhood Stabilization Program Plan Revised as of
City of Bradenton Proposed 2008-09 Neighborhood Stabilization Program Plan Revised as of 08-20-2009 Public Comment Period March 15, 2009 to March 31, 2009 City of Bradenton Attn: Jeana Winterbottom NSP
More informationJuly 1, 2011 thru September 30, 2011 Performance Report
Grantee: Hammond, IN Grant: B-08-MN-18-0006 July 1, 2011 thru September 30, 2011 Performance Report 1 Grant Number: B-08-MN-18-0006 Grantee Name: Hammond, IN Grant Amount: $3,860,473.00 Estimated PI/RL
More informationPO Box 1535 Bismarck ND Attn: Jennifer Henderson
1. NSP3 Grantee Information NSP3 Program Administrator Contact Information Name (Last, First) North Dakota Housing Finance Agency PO Box 1535 Bismarck ND 58502 1535 Attn: Jennifer Henderson Email Address
More informationCity of Fontana FY Action Plan Amendment INTENTIONALLY LEFT BLANK
INTENTIONALLY LEFT BLANK TABLE OF CONTENTS A. AREAS OF GREATEST NEED 3 Maps: Estimated Foreclosure Abandonment Risk Score 6 Predicted 18 Month Foreclosure Risk Score 7 High Cost Mortgage 8 Low & Moderate
More informationTOWN OF LINCOLN COUNCIL POLICY
Page 1 of 10 PURPOSE The purpose of this policy is to prescribe the accounting treatment for tangible capital assets so that users of the financial report can discern information about the investment in
More informationGuidance on Amendment Procedures Updated April 3, 2014
April 3, 2014 Community Planning and Development NSP Policy Alert! Guidance on Amendment Procedures Updated April 3, 2014 Note: The Guidance on Amendment Procedures was revised April 3, 2014 to reflect
More informationKane County Foreclosure Redevelopment Program
Kane County Foreclosure Redevelopment Program HOME Investment Partnership Program Neighborhood Stabilization Program 2011 Request for Qualifications Kane County Office of Community Reinvestment 719 South
More informationJackson County Home Development Resources, Inc. Neighborhood Stabilization Program Policies and Procedures
Jackson County Home Development Resources, Inc. Neighborhood Stabilization Program Policies and Procedures October, 2011 JACKSON COUNTY BOARD OF COMMISSIONERS This Neighborhood Stabilization Program Policy
More informationA M A S T E R S P O L I C Y R E P O R T An Analysis of an Ordinance to Assure the Maintenance, Rehabilitation, Registration, and Monitoring of
A M A S T E R S P O L I C Y R E P O R T An Analysis of an Ordinance to Assure the Maintenance, Rehabilitation, Registration, and Monitoring of Vacant, Foreclosed Residential Properties By Drennen Shelton
More informationApril 1, 2016 thru June 30, 2016 Performance Report
Grantee: Grant: Orange County, FL B-11-UN-12-0012 April 1, 2016 thru June 30, 2016 Performance Report 1 Grant Number: B-11-UN-12-0012 Grantee Name: Orange County, FL Grant Award Amount: $11,551,158.00
More informationCHAUTAUQUA COUNTY LAND BANK CORPORATION
EXHIBIT H CHAUTAUQUA COUNTY LAND BANK CORPORATION LAND ACQUISITION AND DISPOSITION POLICIES AND PRIORITIES November 14, 2012 *This document is intended to provide guidance to the Chautauqua County Land
More informationJuly 1, 2015 thru September 30, 2015 Performance Report
Grantee: Grant: Hernando County, FL B-11-UN-12-0021 July 1, 2015 thru September 30, 2015 Performance Report 1 Grant Number: B-11-UN-12-0021 Grantee Name: Hernando County, FL Grant Award Amount: $1,953,975.00
More informationCity and Grant Funding Sources for Affordable Housing Activities
City and Grant Funding Sources for Affordable Housing Activities Planning & Development Services Community Development Division www.lawrenceks.org/pds/community_development Grants 1. Community Development
More informationApril 1, 2014 thru June 30, 2014 Performance Report
Grantee: Grant: Canton Township, MI B-08-MN-26-0001 April 1, 2014 thru June 30, 2014 Performance Report 1 Grant Number: B-08-MN-26-0001 Grantee Name: Canton Township, MI Grant Award Amount: $2,182,988.00
More informationApril 1, 2010 thru June 30, 2010 Performance Report
Grantee: Modesto, CA Grant: B-08-MN-06-0004 April 1, 2010 thru June 30, 2010 Performance Report Grant Number: B-08-MN-06-0004 Grantee Name: Modesto, CA Grant Amount: $8,109,274.00 Grant Status: Active
More informationArizona Department of Housing Five-Year Strategic Plan
Arizona Department of Housing Five-Year Strategic Plan Agency Mission Providing housing and community revitalization to benefit the people of Arizona. Agency Description The Arizona Department of Housing
More informationInternal Audit Report
Internal Audit Report TxDOT Internal Audit Division Objective To determine if objectives are being met and are in compliance with current regulations. Opinion Based on the audit scope areas reviewed, control
More informationNeighborhood Renewal Program Policies and Procedures
Neighborhood Renewal Program Policies and Procedures City of Mobile Neighborhood Renewal Program Policies and Procedures Table of Contents I. Mission Statement A. The New Plan for Old Mobile B. Goals and
More informationCITY OF BOISE HOUSING AND COMMUNITY DEVELOPMENT DIVISION CDBG MONITORING FORM
CITY OF BOISE HOUSING AND COMMUNITY DEVELOPMENT DIVISION CDBG MONITORING FORM GENERAL INFORMATION Date of Monitoring Visit: / / Number of Monitoring Visit for the Fiscal Year: # Subrecipient Name: Subgrantee
More informationApril 1, 2011 thru June 30, 2011 Performance Report
Grantee: Alameda County, CA Grant: B-09-CN-CA-0052 April 1, 2011 thru June 30, 2011 Performance Report 1 Grant Number: B-09-CN-CA-0052 Grantee Name: Alameda County, CA Grant Amount: $11,000,000.00 Grant
More informationAFFORDABLE HOUSING LAND BANK AND TRUST FUND POLICIES
AFFORDABLE HOUSING LAND BANK AND TRUST FUND POLICIES PUBLIC REVIEW COPY ADOPTION WILL BE CONSIDERED AT THE REGULAR CITY COUNCIL MEETING JANUARY 16, 2018 BEGINNING AT 1:00 p.m 700 N. MAIN STREET PUBLIC
More informationCity Of Oakland HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT
HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT Guidelines for Site Acquisition, Rehabilitation and Naturally Occurring Affordable Housing (NOAH) Preservation Program The purpose of the Site Acquisition,
More informationHousing Trust Fund Developer Advisory Group. Options and Considerations Related to the HTF Operating Assistance and Operating Assistance Reserves
Housing Trust Fund Developer Advisory Group Options and Considerations Related to the HTF Operating Assistance and Operating Assistance Reserves The national HTF Developers Advisory Group (http://bit.ly/1sj1uop)
More informationJanuary 1, 2016 thru March 31, 2016 Performance Report
Grantee: Grant: Rialto, CA B-08-MN-06-0518 January 1, 2016 thru March 31, 2016 Performance Report 1 Grant Number: B-08-MN-06-0518 Grantee Name: Rialto, CA Grant Award Amount: $5,461,574.00 LOCCS Authorized
More informationSUBJECT: Report Number PDC Acquisition of 20 Single Family Residences from the Housing Authority of Portland EXECUTIVE SUMMARY
DATE: May 28, 2008 TO: FROM: Board of Commissioners Bruce A. Warner, Executive Director SUBJECT: Report Number 08-69 PDC Acquisition of 20 Single Family Residences from the Housing Authority of Portland
More informationISC: UNRESTRICTED AC Attachment. Attainable Homes Acquisition and Development Cycle Audit
Attainable Homes Acquisition and Development Cycle Audit April 6, 2016 THIS PAGE LEFT INTENTIONALLY BLANK ISC: UNRESTRICTED Table of Contents Executive Summary... 5 1.0 Background... 6 2.0 Audit Objectives,
More informationJanuary 1, 2012 thru March 31, 2012 Performance Report
Grantee: Oakland, CA Grant: B-11-MN-06-0005 January 1, 2012 thru March 31, 2012 Performance Report 1 Grant Number: B-11-MN-06-0005 Grantee Name: Oakland, CA Grant Amount: $2,070,087.00 Estimated PI/RL
More informationOct 1, 2011 thru Dec 31, 2011 Performance Report
Page 1 of 7 Oct 1, 2011 thru Dec 31, 2011 Performance Report Grant Number: B-11-MN-06-0511 Grantee Name: Long Beach, CA Grant Amount: $1,567,935.00 Estimated PI/RL Funds: $1,693,370.00 Obligation Date:
More informationJanuary 1, 2017 thru March 31, 2017 Performance Report
Grantee: Grant: Rialto, CA B-08-MN-06-0518 January 1, 2017 thru March 31, 2017 Performance Report 1 Grant Number: B-08-MN-06-0518 Grantee Name: Rialto, CA Grant Award Amount: $5,461,574.00 LOCCS Authorized
More informationKane County Foreclosure Redevelopment Program
Kane County Foreclosure Redevelopment Program HOME Investment Partnership Program Neighborhood Stabilization Program 2014 Request for Qualifications Kane County Office of Community Reinvestment 719 South
More informationPINELLAS COUNTY, FLORIDA STATE HOUSING INIITATIVES PARTNERSHIP (SHIP) PROGRAM LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS ,
PINELLAS COUNTY, FLORIDA STATE HOUSING INIITATIVES PARTNERSHIP (SHIP) PROGRAM LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS 2006-2007, 2007-2008 and 2008-2009 TABLE OF CONTENTS I. PROGRAM DESCRIPTION...
More informationDifferences, Procurement and
U.S. Department of Housing and Urban Development Developers and Subrecipients: Differences, Procurement and Other Rules July 24, 2012 2:00 PM EDT Community Planning and Development Purpose of Webinar To
More informationMULTIPLE CHALLENGES REAL ESTATE APPRAISAL INDUSTRY FACES QUALITY CONTROL. Issues. Solution. By, James Molloy MAI, FRICS, CRE
REAL ESTATE APPRAISAL INDUSTRY FACES MULTIPLE CHALLENGES By, James Molloy MAI, FRICS, CRE QUALITY CONTROL Third-party real estate appraisal firms are production-driven businesses designed to complete assignments
More informationOctober 1, 2016 thru December 31, 2016 Performance
Grantee: Grant: St Petersburg, FL B-08-MN-12-0026 October 1, 2016 thru December 31, 2016 Performance 1 Grant Number: B-08-MN-12-0026 Grantee Name: St Petersburg, FL Grant Award Amount: $9,498,962.00 LOCCS
More informationMonitoring of Grantees by HUD
U.S. Department of Housing and Urban Development Monitoring of Grantees by HUD Tuesday, May 3, 2011 2:00 PM 4:00 PM Community Planning and Development Introductions Jessie Handforth Kome, HUD John Laswick,
More informationWhen a homeowner loses their house to
By Gladys Schneider Florida Housing Coalition 4 When a homeowner loses their house to foreclosure, there is a public auction. If no one bids high enough to pay the lender the amount of the first mortgage,
More informationSITKA COMMUNITY LAND TRUST HOME BUYER SELECTION POLICIES & PROCEDURES
SITKA COMMUNITY LAND TRUST HOME BUYER SELECTION POLICIES & PROCEDURES I. OVERVIEW This policy paper is intended to guide the development and implementation of both general and project-specific homebuyer
More informationPage 1 of 6 Jul 1, 2009 thru Sep 30, 2009 Performance Report Grant Number: B-08-MN-06-0508 Grantee Name: Hemet, CA Grant : $2,888,473.00 Grant Status: Active Obligation Date: Award Date: Contract End Date:
More informationB-08-UN April 1, 2015 thru June 30, 2015 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)
Grantee: Grant: Lee County, FL B-08-UN-12-0009 April 1, 2015 thru June 30, 2015 Performance Report 1 Grant Number: B-08-UN-12-0009 Grantee Name: Lee County, FL Grant Award Amount: $18,243,867.00 LOCCS
More informationCITY OF AURORA. and Neighborhood Stabilization Program
CITY OF AURORA Community Development Division and Neighborhood Stabilization Program (NSP) City of Aurora Community Development NATIONAL PRIORITIES LOCAL OBJECTIVES HUD PRIORITIES PROVIDE DECENT HOUSING
More informationApril 1, 2017 thru June 30, 2017 Performance Report
Grantee: Grant: St Petersburg, FL B-08-MN-12-0026 April 1, 2017 thru June 30, 2017 Performance Report 1 Grant Number: B-08-MN-12-0026 Grantee Name: St Petersburg, FL Grant Award Amount: $9,498,962.00 LOCCS
More informationARLINGTON COUNTY, VIRGINIA. County Board Agenda Item Meeting of September 24, 2016
ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of September 24, 2016 DATE: September 20, 2016 SUBJECT: Allocation of Fiscal Year 2017 Affordable Housing Investment Fund (AHIF) loan funds for
More informationOctober 1, 2013 thru December 31, 2013 Performance Report
Grantee: Santa Ana, CA Grant: B-08-MN-06-0522 October 1, 2013 thru December 31, 2013 Performance Report 1 Grant Number: B-08-MN-06-0522 Grantee Name: Santa Ana, CA LOCCS Authorized Amount: $5,795,151.00
More informationSPARC ROUND 8 (FY 10)
SINGLE FAMILY SPARC ROUND 8 (FY 10) Sponsoring Partnerships and Revitalizing Communities June 2009 Single Family SPARC The Single Family SPARC (Sponsoring Partnership and Revitalizing Communities) program
More information