Grantee: Broward County, FL Grant: B-08-UN April 1, 2011 thru June 30, 2011 Performance Report

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1 Grantee: Broward County, FL Grant: B-08-UN April 1, 2011 thru June 30, 2011 Performance Report 1

2 Grant Number: B-08-UN Grantee Name: Broward County, FL Grant Amount: $17,767, Grant Status: Active Obligation Date: Award Date: Contract End Date: Review by HUD: Original - In Progress QPR Contact: Michael Huneke 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 is defined as a rental rate at or below thirty percent (30%) of a family s gross income. 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, affordable rents will be adjusted annually in compliance with 24CFR92.252(a). 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 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 does not plan on pursuing an NSP funded demolition or conversion of low- and moderate-income dwelling units at this time. 2

3 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 To Date Projected Budget from All Sources N/A $18,367, CDBG Program Funds Budgeted N/A $17,767, Program Funds Drawdown $543, $11,906, Program Funds Obligated $17,767, Program Funds Expended $566, $11,929, Match Contributed $131, Program Income Received $283, $2,606, Program Income Drawdown $469, $2,363, 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, $571, Progress Toward Activity Type Targets Progress Toward National Objective Targets National Objective Target Actual NSP Only - LH - 25% Set-Aside $4,441, $5,485, Overall Progress Narrative: Broward County continues to focus on rehabilitation and resale or rental of acquired housing units. Program income is also being used for the rehabilitation of these units with additional acquisition using program income planned for next quarter. The County has received a total of $2,606, in program income as of the end of this quarter; $283, was received during the quarter. Program income for the next quarter is projected to be similar or higher. During the quarter, Broward County did not acquire any single-family homes and completed rehabilitation and sold two (2) single-family homes to eligible households. Both homes were sold to moderate income households. The County continues rehabilitation on rental properties, however no rehabilitation was completed during the quarter. One additional unit was rented during the quarter to a low income household. The County also completed down 3

4 payment assistance on two (2) properties. The County continues to progress in meeting its 25% set-aside requirement for low income households and will continue progress in this area during the next quarter. Overall, Broward County has acquired 58 single-family homes, completing rehabilitation and selling 28 to eligible households, five (5) to low income households. The County has acquired 11 single and multifamily rental properties containing 79 units and has completed rehabilitation on 28 of these units, renting 27 units to eligible households, 26 to low income households. The County has also given down payment assistance to 17 households, seven (7) to low income households and has completed demolition of three (3) properties. Note: During this quarter adjustments were made to the obligated fund amounts and expended amounts in various activities to reflect changes made in the May 16, 2011 NSP Substantial Change Public Notice (posted online at: These changes are noted in more detail in the specific activity sections of this report. Also, two (2) new activities were created, Activity 010: Acquisition Multifamily Properties for Rental Low, Moderate and Middle Income (LMMI) Households, and Activity 011: Rehabilitation Multifamily Properties for Rental LMMI Households. These activities were created to account for moderate or middle income tenants that occupied units at the time of acquisition under the low income only acquisition and rehabilitation activities 004 and 005. 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 9999, Restricted Balance Program Funds Drawdown Project Funds Budgeted To Date Program Funds Drawdown $23, $11,010, $8,405, $347, $3,950, $2,396, $75, $1,009, $578, $97, $1,776, $504, $39, $21, Activities 4

5 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: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr1 thru Jun 30, 2011 N/A N/A $23, ($77,350.00) $283, $107, To Date $6,831, $6,831, $4,599, $6,831, $4,599, $4,599, $2,606, $766, 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 (50) 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 anticipated end date of July 30, 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 quarterly reporting period no single-family homes were acquired. Drawdown during this quarter was for developer fees for homes acquired in prior quarters. Acquisition with grant funding for this activity is complete. Any new acquisition will be with program income. Through the sale of homes to qualified households (after rehabilitation), $283, of program income was received, bringing the overall total received to $2,606, Note: During this quarter adjustments were made that reduced obligated funds by $77,350. These funds were moved to Activity 009 due to a change in priorities. The overall change reduced the obligated amount for this activity from $6,908, to $6,831,

6 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 54/54 0/0 0/0 54/ /69086 # of Housing Units # of Single-family Units 0 0 Cumulative Actual / Expected 54/54 54/54 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 0/10 0/16 0/54 0 0/10 0/16 0/54 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 6

7 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: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr1 thru Jun 30, 2011 N/A N/A $47, $90, $47, $47, $361, To Date $2,051, $2,051, $1,656, $2,051, $1,656, $1,656, $1,509, Activity Description: The strategy will provide housing rehabilitation services to a minimum of fifty (50) 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: Rehabilitation was completed on two (2) single-family homes during this quarter. Several homes are under contract pending closing with rehabilitation nearing completion on several other homes. Of the two (2) homes sold, both were sold to moderate income households. Note: During this quarter adjustments were made that increased obligated funds by $90,000. These funds came from Activity 003, Down Payment Assistance to provide the rehabilitation funding required for loan approval in conjunction with down payment assistance funding. The overall change increased the obligated amount for this activity from $1,961, to $2,051, Accomplishments Performance Measures # of Housing Units 2 Cumulative Actual / Expected 28/54 7

8 # of Single-family Units 2 28/54 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 5/10 17/16 28/ /10 17/16 28/ Activity Locations Address 4923 SW 123 Terrace 4735 NW 42 Street City State Zip Cooper City NA Lauderdale Lakes NA Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 8

9 Grantee Activity Number: Activity Title: 003 Down-payment 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 Activity Status: Under Way Project Title: Financing Mechanism (Soft-Second Mortgage) Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr1 thru Jun 30, 2011 N/A N/A $75, ($180,680.00) $75, $75, To Date $1,009, $1,009, $578, $1,009, $578, $578, $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 down-payment, 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 closed two (2) down payment assistance projects through its sub-recipient, the City of North Lauderdale, one (1) to a low income household, and one (1) to a moderate income household. Additional closings are pending for the next quarterly reporting period. Note: During this quarter, adjustments were made that reduced the obligated funding for this activity by $180,680. These funds were moved to Rehabilitation Activity 002 ($90,000), to provide the rehabilitation funding required for loan approval in conjunction with down payment assistance funding; and to Rehabilitation Activity 009 ($90,680), due to a change in priorities. The overall change reduced the obligated amount for this activity from $1,190, to $1,009,

10 Accomplishments Performance Measures # of Housing Units 2 # of Single-family Units 2 Cumulative Actual / Expected 17/26 17/26 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/fVlod% 7/0 9/16 17/ /0 9/16 17/ Activity Locations Address 7168 Sportsman Drive 515 SW 73 Avenue City State Zip North Lauderdale NA North Lauderdale NA 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: 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: Under Way Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr1 thru Jun 30, 2011 N/A N/A ($554,617.00) ($554,617.00) ($554,617.00) To Date $3,553, $2,953, $2,953, $2,953, $2,953, $2,953, $20, Activity Description: 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 forty-two (42) 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 for this activity has been completed with all grant funding expended. In all 11 properties were acquired containing 79 units. Of the 79 units 69 units will be rented to low-income households under this activity. Note: During this quarter adjustments were made to account for ten (10) units that were already rented at the time of acquisition to moderate or middle income households. To account for this, ten (10) units were moved to new Activity 010, Acquisition Multifamily Properties for Rental LMMI, and $554,617 of acquisition costs for these units also moved. The overall change reduced the obligated and expended amount of this activity by $554, from $3,507, to $2,953,337.00, respectively. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 11/11 11

12 # of Parcels acquired voluntarily 0 acquisition compensation to 0 11/ /35079 # of Housing Units # of Multifamily Units # of Single-family Units Cumulative Actual / Expected 69/69 48/48 21/21 Beneficiaries Performance Measures Low Mod # of Households 0 0 # Renter Households 0 0 Cumulative Actual / Expected Low Mod Low/Mod% 0 0/69 0/0 0/ /69 0/0 0/69 0 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail Match Sources Private First Mortgage Lender Subtotal Match Sources Amount $600, $600, Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount $600,

13 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 Activity Status: Under Way Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30, 2011 N/A N/A $299, $71, $321, $321, To Date $1,488, $1,488, $693, $1,488, $693, $693, Activity Description: The strategy will provide housing rehabilitation services to a minimum of forty-two (42) 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: 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: No rehabilitation completion occurred during this quarter. One additional unit was rented and one unit re-rented, changing the characteristics of one household from female white to female black. Several properties are currently being rehabilitated, information on these units will be entered at the time of rehabilitation completion and rental. Note: During this quarter adjustments were made to account for ten (10) units that were already rented at the time of acquisition to moderate or middle income households. To account for this, ten (10) units were moved to new Activity 011, Rehab Multifamily Properties for Rental LMMI, and $19,623 of obligated and expended rehabilitation costs for these units also moved. However, this amount was more than offset by $90,680 of additional funding moved to this account from Activity 003, Down Payment Assistance due to a change in priorities. The overall change increased the obligated amount for this activity by $71,057, from $1,417, to $1,488, Note: In Beneficiaries Performance Measures, Cumulative Actual /Expected; the column should read 26/69 instead of 27/69. This will be corrected in a future quarterly report. Note: $19, was subtracted from Program Funds Expended to account for the amount transferred to Activity

14 Accomplishments Performance Measures 0 # of Properties Cumulative Actual / Expected 5/11 # of Housing Units # of Multifamily Units # of Single-family Units Cumulative Actual / Expected 26/69 19/48 7/21 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 26/69 0/0 27/ /69 0/0 27/ Activity Locations Address City State Zip 4695 SW 32 Avenue (Unit 5) Dania Beach NA Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount No Other Funding Sources Found Other Funding Sources 14

15 Grantee Activity Number: Activity Title: Activity Category: Administration Project Number: 004 Projected Start Date: 03/01/2009 Benefit Type: N/A National Objective: N/A 006 Administration Activity Status: Planned Project Title: Program Planning and Administration Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30,2011 To Date N/A $1,776, N/A $1,776, $97, $504, $1,776, $101, $527, $101, $527, $67, Activity Description: Administrative and planning costs associated with the NSP grant. Location Description: Countywide, with administrative offices located at 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. 15

16 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 16

17 Grantee Activity Number: Activity Title: 007 Demolition of Residential Structures Activity Category: Clearance and Demolition Project Number: 005 Projected Start Date: 07/01/2009 Benefit Type: 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: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30,2011 To Date N/A $39, N/A $39, $21, $39, $21, $21, Activity Description: A total of $39, is now recommended for demolition of a minimum of 5 single-family blighted and vacant housing structures located in the County NSP eligible census tracts. Location Description: Scattered sites located in the County's NSP eligible census tracts. Activity Progress Narrative: There were no draw-downs or expenditures during this quarter as no demolitions were completed. Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 0 3/5 Cumulative Actual / Expected # of Housing Units 0 3/5 # of Single-family Units 0 3/5 17

18 Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Amount Other Funding Sources 18

19 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 008 Single-family Acquisition LH25% Activity Status: Under Way Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr1 thru Jun 30, 2011 To Date N/A $671, N/A $671, $298, $671, $298, $298, 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 nine (9) low income households. Initial program dollars allocated to this activity will be realized as program income and re-invested in other NSP eligible 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. Sites will be prioritized according to HUD's foreclosure abandonment risk score. Activity Progress Narrative: There were no draw-downs or expenditures during this quarter as no acquisitions were completed during this quarter. Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 0 4/9 # of Parcels acquired voluntarily 0 4/9 acquisition compensation to 0 0/

20 # of Housing Units # of Single-family Units 0 0 Cumulative Actual / Expected 4/9 4/9 Beneficiaries Performance Measures Low Mod # of Households 0 0 # Owner Households 0 0 Cumulative Actual / Expected Low Mod Low/Mod% 0 0/9 0/0 0/ /9 0/0 0/9 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 20

21 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 Activity Status: Under Way Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30, 2011 To Date N/A $371, N/A $371, $26, $77, $371, $26, $26, Activity Description: The strategy will provide housing rehabilitation services to a minimum of nine (9) 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: No funds were expended in this activity during this quarter, however, rehabilitation in this activity continues and will continue during the next quarterly reporting period. Note: During this quarter, adjustments were made that increased obligated funds by $77,350. These funds came from Activity 001, Acquisition due to a change in priorities. The overall change increased the obligated amount for this activity from $294, to $371, Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 0/9 21

22 # of Housing Units # of Single-family Units 0 0 Cumulative Actual / Expected 0/9 0/9 Beneficiaries Performance Measures Low Mod # of Households # Owner Households Cumulative Actual / Expected Low Mod Low/Mod% 0/9 0/0 0/9 0 0/9 0/0 0/9 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: 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: Under Way Project Title: Residential Acquisition Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30, 2011 To Date N/A $554, N/A $554, $554, $554, $554, $554, $554, $554, $554, Activity Description: 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: 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: This activity was created to account for moderate or middle income households that were already renting at the time of acquisition of two (2) properties. One property had one moderate income renter and the other property eight (8) moderate income renters and one (1) middle income renter (ten (10) total), all other units were either vacant or rented to low income tenants. The costs associated for the acquisition of the ten (10) units, rented by moderate or middle income tenants, had already been obligated and expended. These costs ($554,617 for both) were transferred to this new activity. The addresses of the two (2) properties are 4701 SW 32 Avenue, Dania Beach, and 2100 NE 39th Street, Lighthouse Point. Note: Activity created new this quarter, $554,617 of obligated and expended funds were transferred from Activity 004, Acquisition Multifamily Properties for Rental low income to account for ten (10) moderate or middle income households renting at the time of acquisition. 23

24 Accomplishments Performance Measures # of Properties # of Parcels acquired voluntarily 2 2 Cumulative Actual / Expected 2/2 2/2 # of Housing Units # of Multifamily Units Cumulative Actual / Expected 10/10 10/10 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 0/0 0/9 0/10 0 0/0 0/9 0/10 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 24

25 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 Activity Status: Under Way Project Title: Residential Rehabilitation Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources CDBG Program Funds Budgeted Program Funds Drawdown Program Funds Obligated Program Funds Expended Match Contributed Program Income Received Program Income Drawdown Apr 1 thru Jun 30, 2011 To Date N/A $19, N/A $19, $19, $19, $19, $19, $19, $19, $19, Activity Description: 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: 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: This activity was created to account for moderate or middle income households that were already renting at the time of acquisition for rehabilitation of two (2) properties. One property had one moderate income renter and the other property eight (8) moderate income renters and one (1) middle income renter (ten (10) total), all other units were either vacant or rented to low income tenants. The rehabilitation costs obligated against the NSP grant funding for the ten (10) units rented by moderate or middle income tenants is $19,623.00, the remaining amount of rehabilitation costs for these units was and is to be covered with program income. The rehabilitation costs of $19, had already been obligated and expended and this amount was transferred to this new activity. Of the ten (10) units transferred to this new activity, nine (9) are being rehabilitated, final unit numbers along with actual household data for these households will be entered upon rehabilitation completion when final data and unit numbers are known. One unit has been completed and rented, this data is entered for this quarter, even though the rental actually occurred in an earlier quarter. Note: Activity created new this quarter, $19,623 of obligated and expended funds were transferred from Activity 005, Rehab. Multifamily Properties for Rental low income to account for ten (10) moderate or middle income households renting at the time of acquisition for rehabilitation. 25

26 Accomplishments Performance Measures # of Housing Units 1 # of Multifamily Units 1 Cumulative Actual / Expected 1/10 1/10 Beneficiaries Performance Measures Low Mod # of Households # Renter Households Cumulative Actual / Expected Low Mod Low/Mod% 0/0 1/9 1/ /0 1/9 1/ Activity Locations Address City State Zip 4701 SW 32 Ave, Unit 5 Dania Beach NA Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount No Other Funding Sources Found Other Funding Sources 26