(NSP1- Substantial Amendment No. 5)

Transcription

1 SUBSTANTIAL AMENDMENT No. 8 TO THE 2008 CONSOLIDATED PLAN / ANNUAL ACTION PLAN NEIGHBORHOOD STABILIZATION PROGRAM (NSP1- Substantial Amendment No. 5)

2 Grantee Information NSP Program Administrator Contact Information Name (Last, First) Jerry R. Meiring, Community Specialist Address Phone Number , ext Mailing Address Kokomo City Hall, Department of Development, 100 South Union Street, Kokomo, Indiana Summary of Substantial Amendment No. 8 Background: The U.S. Department of Housing and Urban Development (HUD) has been provided with Neighborhood Stabilization Program (NSP1) funds to the City of Kokomo for the acquisition and redevelopment of abandoned, vacant or foreclosed properties which would otherwise be sources of abandonment and blight in the community. The NSP1 program was created through an earlier amendment to the City s 2008 Consolidated Plan / Annual Action Plan. The City of Kokomo original allocation of NSP1 funding was $2,181,088. Of this, ten percent (10%), or $218,108 was budgeted for administrative expenses, leaving a balance of $1,962,980 for program activities. Description of this amendment: The City of Kokomo is proposing to add Redevelopment as an additional, eligible activity from which to use funds under the NSP1 program. Under this category (NSPeligible use E), the City will have the option of pursuing new construction of housing for low- to middleincome households, in accordance with its NSP Action Plan. The City expects to budget approximately $150,000 from the remaining balance of unspent program funds for future project(s). The aforementioned changes to NSP1 program activities are further described in the tables below: Activity Name Uses CDBG Activity or Activities NEW Activity Number NSP-G Acquisition, Demolition, New Construction and Sale of Housing (Owneroccupied) Select all that apply: Eligible Use A: Financing Mechanisms Eligible Use B: Acquisition and Rehabilitation Eligible Use C: Land Banking Eligible Use D: Demolition Eligible Use E: Redevelopment NSP eligible use B, D and E: The City of Kokomo plans to undertake the acquisition and redevelopment of demolished or vacant properties and build new housing for low- to middle-income households. CDBG eligible activities: The City of Kokomo shall undertake any combination of the CDBG basic eligible activities: Acquisition as defined in the federal regulations at 24 CFR (a), Rehabilitation and Preservation Activities for demolished or vacant properties at , and Clearance at (d). The City also plans to offer Direct homeownership assistance as defined at 24 CFR (n), to the extent that financing mechanisms are used to carry them out. New construction of housing is eligible under Eligible-Use E in the NSP regulations. National Objective Benefiting low- to middle-income persons or households as defined in the NSP Notice, which are those with incomes at or below one hundred and twenty percent of area median income (120% AMI). 1

3 Either vacant lots, abandoned or foreclosed homes will be acquired and demolished as necessary in the NSP1 program. Reconstruction of new residential, single-family homes will then follow. These homes will be available for sale to low-to-middle-income homebuyers (120% AMI). Activity Description The activity will address local market conditions within the target area by stabilizing property values and increasing the level of homeownership. Vicinity hiring will be another primary goal by NSP program design, as the City plans to extend an existing Contract with a Developer, who will identify properties, obtain site control and help manage all construction work, including the letting of bids and awarding as many subcontracts to local area firms as possible. Location Description The location is the NSP1 or the NSP3 Target Areas (see attached map), which are located in low- to moderate-income areas of the city. Individual site selections are under review, and will be identified in the NSP1 Action Plan and/or Quarterly Performance Reports (QPRs). Source of Funding Estimated Dollar Amount NSP1 $150,000 Budget (Other funding source) $ (Other funding source) $ Total Budget for Activity $150,000 Goals: Remove vacant structures and blighting conditions Outputs/Measures: # of units demolished/cleared - 1 Performance Measures # of single-family homes reconstructed - 1 # homes sold to low-to-middle-income homebuyers - 1 Outcomes: Stabilized property values, increased level of homeownership Projected Start Date 8/1/2013 Projected End Date 10/30/2013 Name City of Kokomo Location Department of Development Responsible 100 S. Union Street, Kokomo, IN Organization Administrator Contact Info jmeiring@cityofkokomo.org 2

4 Public Comments: Citizen Participation Plan Briefly describe how the grantee followed its citizen participation plan regarding this proposed substantial amendment or abbreviated plan. Response: Legal notices for public viewing and comment on this substantial amendment were printed in the Kokomo Tribune. The entire amendment was also available on the City of Kokomo website. Additional hard copies were also available for 15 days at the Kokomo-Howard County Public Library and at Kokomo City Hall in the Department of Development, 3 rd Floor, 100 S. Union Street. Summary of Public Comments Received. June 22, 2013 was the last day of the 15-day public comment period. No comments were received. 3

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