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 Authorized Amount: $9,498,962.00 Budget: $11,569,197.00 Obligation Date: Contract End Date: 03/10/2013 Grant Status: Active Estimated PI/RL Funds: $2,070,235.00 Award Date: Review by HUD: Reviewed and Approved QPR Contact: Ada Lynn Gilbert Disasters: Declaration Number No Disasters Found Narratives Areas of Greatest Need: With years of steady growth during the late 1990 s and mid 2000 s, the experienced a vibrant housing market. The housing bubble which began in late 2005 and has yet to end has drastically changed the landscape of housing in the City. Homes that once were in great demand now stand vacant and abandoned. A report prepared by the U.S. Census Bureau that provides rental and homeownership vacancy rates for the 75 Largest Metropolitan Statistical Areas disclosed that the Tampa-St. Petersburg-Clearwater MSA had a 15.5% rental vacancy rates, and a homeowner vacancy rate of 3% for the fourth quarter of 2008. Vacancy rates are a barometer in which you measure the health of a community. Vacancy drives the price points of real estate transaction and may pose a risk for neighborhoods by altering the appearance and economic stability. The City now ranks among of one of the top foreclosure markets in the state with a foreclosure rate of 7.9%. Distribution and and Uses of Funds: The s Neighborhood Stabilization Program (NSP) has followed the U.S. Department of Housing and Urban Development s (HUD s) criteria for selecting neighborhoods with the greatest need, which exhibits the following patterns: Neighborhoods that have the highest number of homes financed by subprime lenders, neighborhoods with the highest local foreclosure abandonment score of 10, neighborhoods with the highest number of home foreclosures, neighborhoods that have an 18 month predicted problem for foreclosure, and neighborhoods that have a high vacancy rate. Those areas will be targeted by investing resources to acquire homes, rehabilitate them, and provide down payment and closing costs assistance to income eligible prospective homeowners whose incomes are up to 120% of area median income (AMI) and are considered low, moderate, and middle income (LMMI). The City will record mortgage, promissory note and NSP rider to ensure the affordability period. The City will also assist non-profit agencies to acquire multi-family rental units to rehabilitate them and make them available for rental by persons and households who are under 50% of AMI. Definitions and Descriptions: Low Income Targeting: Acquisition and Relocation: Public Comment: 2
Overall To Date Projected Budget from All Sources N/A $11,569,197.00 Budget Obligated $3,775.26 $11,569,197.00 $11,059,126.24 Funds Drawdown $3,137.03 $10,827,007.66 Program Funds Drawdown Program Income Drawdown $3,137.03 $8,793,342.83 $2,033,664.83 Program Income Received $2,676.15 $2,139,722.51 Funds Expended $7,183.90 $10,831,105.97 Most Impacted and Distressed Expended Match Contributed Progress Toward Required Numeric Targets Requirement Overall Benefit Percentage (Projected) Overall Benefit Percentage (Actual) Minimum Non-Federal Match Limit on Public Services Limit on Admin/Planning Required $1,424,844.30 $949,896.20 Limit on State Admin To Date 0.00% 0.00% $1,127,282.12 $1,127,282.12 Most Impacted and Distressed Threshold (Projected) Progress Toward Activity Type Targets Progress Toward National Objective Targets National Objective Target Actual NSP Only - LH - 25% Set-Aside $2,374,740.50 $3,240,413.73 Overall Progress Narrative: City Council recently approved Resolution 2017-140 which authorized the Housing and Community Development Department to sign a Developer Agreement for the sale of 931 57th Avenue North and 2660 3rd Avenue South to a Non Profit Developer; Bright Community Trust, Inc. Bright Community Trust, Inc. operates a Land Trust and will use NSP or HOME funds to construct a single family home on each of these properties. Since the homes will be placed in the Land Trust, the affordability period for these homes will be secured using the Resale Method instead of the Recapture method previously used for NSP properties in St. Petersburg. The Agreements, Mortgage, Note & Declaration of Restrictions have been signed & the closing is pending. The City sold all of the 24 homes that were either renovated or fully reconstructed under the NSP-1 program. The addresses and the demographics for the 24 houses that have been sold are under activity 3, disposition of property. In addition, the City used a combination of NSP-1 Program Income, NSP-3 funds, and other funding (Habitat or HCIP) to construct homes on 12 vacant lots that were in the NSP-1 land bank, all of which have been sold. The City has expended/drawn $10,831,105.97 as of June 30, 3
2017. The City has received $2,140,198.88 in Program Income under the NSP-1 program, $705,619 NSP-1 funds remain as our LOC balance, and $102,435.74 in Program Income remains to be disbursed. Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 1, Planning and Administration $1,156,919.77 $874,970.71 2, Purchase, Rehabilitation/Reconstruction and Sale or $7,667,109.93 $5,963,002.31 3, Demolition of Acquired Foreclosed Upon Residential $230,094.03 $230,094.03 4, REDEVELOPMENT $533,790.00 $288,679.76 5, LANDBANK $1,981,283.27 $1,436,596.02 4
Activities Project # / Title: 1 / Planning and Administration Grantee Activity Number: Activity Title: Activitiy Category: Administration Project Number: 1 Projected Start Date: 09/29/2008 Benefit Type: ( ) National Objective: N/A 7 Administration and Planning Activity Status: Under Way Project Title: Planning and Administration Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $1,156,919.77 $1,156,919.77 $1,129,895.77 $1,127,282.12 Program Funds Drawdown $874,970.71 Program Income Drawdown $2,248.63 $252,311.41 Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Administration and planning of NSP activities. Apr 1 thru Jun 30, 2017 N/A $2,248.63 $3,179.50 $3,179.50 $10,924.33 $1,128,255.43 $1,128,255.43 Location Description: Implementation of all NSP projects and activities will be in priority areas 1, 2, 3 and 4. Activity Progress Narrative: Weekly time sheets for city staff authorized to work on NSP were collected and reviewed for this quarter and the appropriate costs were charged to NSP administration or to the property address. 5
Accomplishments Performance Measures No Accomplishments Performance Measures Beneficiaries Performance Measures No Beneficiaries Performance Measures found. Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount Project # / Title: 2 / Purchase, Rehabilitation/Reconstruction and Sale or Rental Grantee Activity Number: Activity Title: Activitiy Category: Acquisition - general Project Number: 2 Projected Start Date: 03/03/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI 1 Purchase of Foreclosed and Demolished Properties Activity Status: Under Way Project Title: Purchase, Rehabilitation/Reconstruction and Sale or Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Apr 1 thru Jun 30, 2017 To Date Projected Budget from All Sources N/A $1,338,209.96 Budget $1,338,209.96 Obligated $1,338,209.96 Funds Drawdown $1,338,209.96 6
Program Funds Drawdown $1,338,209.96 Program Income Drawdown Program Income Received Funds Expended $1,338,209.96 $1,338,209.96 Most Impacted and Distressed Expended Match Contributed Activity Description: The City will purchase foreclosed, demolished, vacant and/or abandoned single-family properties and hold title to all properties up to the sale to an eligible home buyer. Location Description: Program activities will be implemented in priority areas 1, 2, 3 and 4. Activity Progress Narrative: The City did not acquire any new properties under the NSP-1 program during this quarter. Accomplishments Performance Measures # of Properties 0 # of buildings (non-residential) 0 # of Parcels acquired by 0 # of Parcels acquired by admin 0 # of Parcels acquired voluntarily 0 acquisition compensation to 0 Cumulative Actual / Expected 55/57 0/0 0/0 0/0 55/57 2038208/2280 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 55/57 55/57 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Permanent Jobs Created 0 0 0 0/0 0/0 0/0 0 Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 0/17 0/57 0 # of Persons 0 0 0 0/0 0/0 0/0 0 Activity Locations No Activity Locations found. 7
Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 8
Grantee Activity Number: Activity Title: 2 Rehabilitation/Reconstruction of S/F Homes Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 2 Projected Start Date: 03/03/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Purchase, Rehabilitation/Reconstruction and Sale or Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed $2,676.15 To Date $3,088,486.24 $3,088,486.24 $3,029,460.04 $2,802,928.11 Program Funds Drawdown $2,309,265.30 Program Income Drawdown $86.14 $493,662.81 Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A $86.14 $1,693,652.47 The will rehabilitate single-family foreclosed upon structures for further sale to low, moderate and middle income households. Location Description: $238.14 $238.14 The will implement the acitivity in priority areas 1, 2, 3 and 4. $2,803,080.11 $2,803,080.11 Activity Progress Narrative: The home that was constructed at 745 15th Avenue South using some NSP1 funding (on an NSP3 property that was acquired/demolished) sold in October 2016 to an income eligible household. The demographics are reported under the Disposition activity. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 12/57 9
# of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 12/57 12/57 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 2/17 2/57 100.00 # Owner Households 0 0 0 0/0 2/17 2/57 100.00 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 10
Grantee Activity Number: Activity Title: Activitiy Category: Disposition Project Number: 2 Projected Start Date: 03/03/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI 3 Sale of Properties to Eligible Homebuyers Activity Status: Under Way Project Title: Purchase, Rehabilitation/Reconstruction and Sale or Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A The will implement this activity in partnership with the Lenders to place a low, moderate, and middle income (LMMI) households in an affordable single-family home. Location Description: Program activities will be implemented in priority areas 1, 2, 3 and 4. Activity Progress Narrative: NSP-1 assisted property located at 745 15th Avenue South was sold in October 2016. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 22/57 11
Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Permanent Jobs Created 0 0 0 0/0 0/0 0/0 0 Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 16/0 16/17 32/57 100.00 # of Persons 0 0 0 0/0 0/0 0/0 0 # Owner Households 0 0 0 16/0 16/17 32/57 100.00 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount Neighborhood Stabilization Program Other Funding Sources 12
Grantee Activity Number: Activity Title: Activitiy Category: Acquisition - general Project Number: 2 Projected Start Date: 03/03/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside 4 Acquisition of Rental Properties Activity Status: Under Way Project Title: Purchase, Rehabilitation/Reconstruction and Sale or Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $832,509.43 $832,509.43 $832,509.43 $832,509.43 Program Funds Drawdown $832,509.43 Program Income Drawdown Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A The will be assisting non-profits with the purchase and renovations of multi-family rental properties for very-low income households (50% MFI). Location Description: Activity will be implemented in priority areas 1, 2, 3 and 4. $832,509.43 $832,509.43 Activity Progress Narrative: See activity number 5 for status of the rental developments of Burlington Gardens and Fountain View (and the demographics for the occupied units). Activity 4 under project 2 is complete. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 2/2 13
# of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 36/34 36/34 Beneficiaries Performance Measures Activity Locations No Activity Locations found. Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/34 0/0 0/34 0 Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount 14
Grantee Activity Number: Activity Title: 5 Rehabilitation of Rental Properties Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 2 Projected Start Date: 03/03/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LH - 25% Set-Aside Activity Status: Under Way Project Title: Purchase, Rehabilitation/Reconstruction and Sale or Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $2,407,904.30 $2,407,904.30 $2,407,904.30 $2,407,904.30 Program Funds Drawdown $1,483,017.62 Program Income Drawdown $924,886.68 Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A $432,097.51 The will be assisting non-profits with the rehabilitation of multi-family rental properties for very-low income households (50% MFI). Location Description: Activity will be implemented in priority areas 1, 2, 3 and 4. $2,407,904.30 $2,407,904.30 Activity Progress Narrative: Boley Centers, Inc. acquired Burlington Gardens (a 20 unit multi-family building located at 3461 Burlington Avenue North) on December 29, 2009 and renovation is fully complete. The property has been rented to very low income households and the demographic information has been entered into DRGR. Activity 5 under project 2 is complete. Boley Centers, Inc. also acquired the Fountain View Apartments on May 11, 2010. The 10 units located at 425 13th Avenue South are fully renovated. The property was conveyed to Catholic Charities and the 10 units are fully occupied by 50% AMI households. The building located at 430 13th Avenue South was demolished and 6 new units were constructed. The completed 6 units were conveyed to Family Resources on May 20th. The units are now occupied by 50% AMI households (youth aging out of foster care) and Family Resources has provided tenant income certification forms for each unit which were been entered into DRGR. Family Resources eliminated its program for youth aging out of foster care and deeded the NSP-1 property located at 430 13th Avenue South back to Boley so that Boley can continue to ensure that the units are occupied by 50% AMI households. This activity under project 2 is complete. 15
Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 3/2 # of Housing Units 0 # of Multifamily Units 0 Cumulative Actual / Expected 56/34 56/34 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 26/34 0/0 26/34 100.00 # Renter Households 0 0 0 26/34 0/0 26/34 100.00 Activity Locations No Activity Locations found. Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources Amount Neighborhood Stabilization Program Other Funding Sources Project # / Title: 3 / Demolition of Acquired Foreclosed Upon Residential Grantee Activity Number: Activity Title: 6 Demolition of Single-Family Foreclosed Properties Activitiy Category: Clearance and Demolition Project Number: 3 Projected Start Date: 03/03/2009 Benefit Type: Area ( ) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Demolition of Acquired Foreclosed Upon Residential Projected End Date: 07/30/2013 Completed Activity Actual End Date: Responsible Organization: 16
Overall Projected Budget from All Sources Budget Obligated Funds Drawdown To Date $230,094.03 $230,094.03 $230,094.03 $230,094.03 Program Funds Drawdown $230,094.03 Program Income Drawdown Program Income Received Funds Expended Apr 1 thru Jun 30, 2017 N/A $230,094.03 $230,094.03 Most Impacted and Distressed Expended Match Contributed Activity Description: The will demolish those properties that are not suitable for rehabilitation with a new single-family home constructed within an estimated two year time-frame. Location Description: Activity will be implemented in priority areas 1, 2 and 3. Activity Progress Narrative: The demolition costs for land bank properties were previously reported under the demolition category. No additional demolition is anticipated. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 0/10 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/10 0/10 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 0/0 0/0 0 LMI%: Activity Locations No Activity Locations found. 17
Other Funding Sources Budgeted - Detail No Other Match Funding Sources Found Other Funding Sources No Other Funding Sources Found Other Funding Sources Amount Project # / Title: 4 / REDEVELOPMENT Grantee Activity Number: Activity Title: Activitiy Category: Acquisition - general Project Number: 4 Projected Start Date: 09/17/2009 Benefit Type: ( ) National Objective: NSP Only - LMMI 9 REDEVELOPMENT Activity Status: Under Way Project Title: REDEVELOPMENT Projected End Date: 09/17/2014 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $533,790.00 $533,790.00 $512,434.61 $512,358.61 Program Funds Drawdown $288,679.76 Program Income Drawdown $223,678.85 Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A $76.00 $76.00 $76.00 ACQUISITION AND REDEVELOPMENT OF DEMOLISHED AND/OR VACANT PROPERTIES. $6.48 $512,434.61 $512,434.61 Location Description: 18
TARGET AREAS 1-4 Activity Progress Narrative: On March 2, 2017, City Council approved Resolution 2017-140 which authorized the Housing and Community Development Department to sign a Developer Agreement for the sale of 931 57th Avenue North and 2660 3rd Avenue South to a Non Profit Developer; Bright Community Trust, Inc. Bright Community Trust, Inc. operates a Land Trust and will use NSP or HOME funds to construct a single family home on each of these properties. Since the homes will be placed in the Land Trust, the affordability period for these homes will be secured using the Resale Method instead of the Recapture method. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 0/5 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 0/5 0/5 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 Other Funding Sources Amount Project # / Title: 5 / LANDBANK Grantee Activity Number: Activity Title: Activitiy Category: Land Banking - Acquisition (NSP Only) Project Number: 5 Projected Start Date: 8 LAND BANK ACQUISITIONS Activity Status: Under Way Project Title: LANDBANK Projected End Date: 19
02/18/2010 Benefit Type: Area ( ) National Objective: NSP Only - LMMI 02/18/2020 Completed Activity Actual End Date: Responsible Organization: Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Match Contributed To Date $1,981,283.27 $1,981,283.27 $1,578,618.10 $1,575,721.10 Program Funds Drawdown $1,436,596.02 Program Income Drawdown $802.26 $139,125.08 Program Income Received Funds Expended Most Impacted and Distressed Expended Activity Description: Apr 1 thru Jun 30, 2017 N/A $3,699.26 $802.26 $3,690.26 $3,690.26 $3,041.72 $1,578,618.10 $1,578,618.10 ESTABLISH AND OPERATE A LAND BANK FOR HOMES AND RESIDENTIAL FORECLOSED UPON PROPERTIES. Location Description: TARGET AREAS 1-4 Activity Progress Narrative: The following 7 NSP-1 land bank lots were selected for re-construction of new houses using the City s NPS- funds. The construction is complete and all 7 have SOLD to new homeowners. 3901 12th Avenue South SOLD May 23, 2014 1814 10th Street South (aka 960 18th Avenue South) SOLD Sept. 29, 2014 1721 13th Avenue South SOLD July 3, 2014 1015 40th Street South SOLD April 10, 2014 2037 12th Street South SOLD September 18, 2015 1801 40th Street South - SOLD June 20, 2014 923 20th Avenue South SOLD Aug. 22, 1014 Construction of 3 houses on the following NSP-1 land bank sites is also now complete and all 3 properties have SOLD to eligible homebuyers, however, the construction was funded using a combination of both NSP-3 funds and NSP-1 funds: 3482 16th Avenue South- SOLD September 2, 2015 1919 Melrose Avenue South SOLD April 2, 2015 1835 13th Avenue South SOLD 12/9/14 Demographics for all sales have been reported under Activity Number 3 Disposition. Maintenance of the remaining 40 vacant lots in the NSP-1 Land Bank is ongoing. Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 29/20 20
# of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 29/20 29/20 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 Other Funding Sources Amount 21