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 Authorized Amount: $18,243,867.00 Budget: $30,243,867.00 Obligation Date: Contract End Date: Grant Status: Active Estimated PI/RL Funds: $12,000,000.00 Award Date: Review by HUD: Reviewed and Approved QPR Contact: No QPR Contact Found Disasters: Declaration Number NSP Narratives Areas of Greatest Need: Up until a couple years ago, Lee County had a thriving real estate and new construction market. Due to the weakening economy and the collapse of the real estate market, Lee County is now engulfed with large areas of foreclosed and abandoned homes. According to recent data from First American CoreLogic on foreclosures for the Cape Coral-Fort Myers area, the rate of foreclosures among outstanding mortgage loans is 11.5 percent for the month of February, an increase of 4.2 percentage points compared to February of 2008 when the rate was 7.3 percent. Foreclosure activity in Cape Coral-Fort Myers is higher than the national foreclosure rate which was 1.7 percent for February 2009, representing a 9.8 percentage point difference. As quoted from the April 8, 2009, Ft. Myers Florida Weekly Newspaper. Lee County is an area overcome with needs for neighborhood stabilization through redevelopment of abandoned and foreclosed homes. Substantial Amendment #2: Lee County has identified additional need in expanded portions of Lee County to include City of Cape Coral, Bonita Springs, City of Fort Myers, as well as expanding the Lehigh Acres Area. The previous areas of the Lehigh Acres community, also known as the Lehigh Corridor, the CDBG targeted blighted neighborhoods of Page Park, Palmona Park, Pine Manor, and the Tice/East Fort Myers neighborhood west of I-75, are hereby combined and expanded and will be referred to as the Fort Myers/Lehigh Acres area. The previous areas of Palmona Park, Suncoast Estates, the area of North Fort Myers between Palmona and Suncoast, the area south of Palmona and Suncoast south to the Caloosahatchee River are hereby combined and expanded and will be referred to as the North Fort Myers/Cape Coral area. Additionally, a qualifying area of Bonita Springs will be added. The San Carlos Park area remains unchanged. The four NSP target areas in Lee County are: Fort Myers/Lehigh Acres, North Fort Myers/Cape Coral, Bonita Springs, San Carlos. Substantial Amendment #3: Lee County has identified additional need in expanded portions of Lee County, specifically in the Bonita Springs special interest area. The expanded service area will allow all eligible properties to be included in the areas of greatest need as defined by the original data. The original maps showing areas of greatest need along with the amended maps to illustrate that the expanded areas have the same or very similar qualifications can be found on the county website at http://nsp.leegov.com All data used was originally submitted wtih the 2008 Amendment, and the areas added are in Census Tract 504, Block Groups 2,3, and 5. Distribution and and Uses of Funds: To identify the areas of greatest need throughout the county, Lee County analyzed all county Census Block Groups in terms of HUD NSP priority criteria for foreclosures, sub prime/high cost loan concentration, and projected foreclosure risk. The analysis showed concentrations of need in the "Lehigh Corridor, the CDBG targeted blighted neighborhoods of Page Park, Palmona Park, Pine Manor, and Suncoast Estates, the area of North Fort Myers between Palmona and Suncoast, the Tice/East Fort Myers neighborhood west of I-75 and San Carlos Park". Beneficiaries conform to the "National objective benefiting low,-moderate and -middle income persons, as defined in the NSP Notice-i.e., < 120% of area median income". "Lee County has set aside 25% of the total NSP allocation to provide housing for households at or below 50% of AMI. These funds are part of the rental strategy within Lee County. Housing will be developed for low income households and some units will be prioritized for special needs populations who are typically very low income households. Substantial Amendment #3: Lee County has identified additional need in expanded portions of Lee County, specifically in the Bonita Springs special interest area. Additionally, budget categories will be amended to reflect reallocating $400,000 from demolition activity to multifamily acquisition/rehabilitation/resale activity and $700,000 from administration/planning activity to single family acquisition/rehabilitation/resale activity. The NSP Action Plan and Substantial Amendments can be found on the 2
county website athttp://nsp.leegov.com. Substantial Amendment #4: Lee County added a new activity to the existing category of Redevelopment to include the acquisition of foreclosed and vacant single-family lots in an existing special interest area of Lee County. The activity will be completed using $300,000 of program income funds. Future development of the lots into single family housing units will be completed through partnership with a local nonprofit entity. Definitions and Descriptions: Low Income Targeting: This is a multi-family rental unit housing individuals or families whose incomes do not exceed 50 percent of the area median income. Acquisition and Relocation: Public Comment: Public comments for amendment #3 were solicated between June 18th, 2010 - July 2, 2010 in The News-Press and on the County's website. The County did not receive any public comment. Public comments for amendment #4 were solicated between October 4th, 2012 - October 18th, 2012 in the News-Press and on the County's website. The County did not receive any public comments. Overall Projected Budget from All Sources Budget Obligated Funds Drawdown Program Funds Drawdown Program Income Drawdown Program Income Received Funds Expended Match Contributed To Date N/A $27,888,551.49 $27,888,551.49 $27,888,551.49 $238,164.14 $25,918,276.80 $104,187.69 $133,976.45 $17,296,554.59 $8,621,722.21 $133,976.45 $8,621,722.21 $251,296.53 $26,144,287.70 Progress Toward Required Numeric Targets Requirement Required Overall Benefit Percentage (Projected) Overall Benefit Percentage (Actual) Minimum Non-Federal Match Limit on Public Services $2,736,580.05 Limit on Admin/Planning $1,824,386.70 Limit on State Admin To Date 0.00% 0.00% $868,738.48 $868,738.48 Progress Toward Activity Type Targets 3
Progress Toward National Objective Targets National Objective Target Actual NSP Only - LH - 25% Set-Aside $4,560,966.75 $8,608,678.00 Overall Progress Narrative: The number of foreclosed homes available for sale continues to decrease while home prices continue to increase. The county is continuing to search for an aquire properties to be rehabilitated and sold to NSP qualifying clients. Lee County has sold 153 homes and purchased 162 foreclosed homes since the start of the program. Construction on 7 of the 26 homes at Red Hibiscus was completed and 3 of those homes were sold to eligible homeowners this quarter. Homebuyers for the remaining completed homes have been identified and closings will occur during the next quarter. Project Summary Project #, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 1, Administration and Planning $3,657.43 $907,878.50 $684,015.16 3, Redevelopment $680,618.01 $351,995.40 4, Acq/Rehab of Foreclosed Residental Properties $100,530.26 $23,246,692.49 $11,939,016.31 5, Acquisition/Rehab of Foreclosed Properties $5,408,678.00 $4,321,527.72 6, Demolition 4
Activities Project # / Title: 1 / Administration and Planning Grantee Activity Number: Activity Title: Activitiy Category: Administration Project Number: 1 Projected Start Date: 03/04/2009 Benefit Type: ( ) National Objective: N/A 09-1110-NSA Lee County Administration and Planning Activity Status: Under Way Project Title: Administration and Planning Projected End Date: 03/03/2013 Completed Activity Actual End Date: Responsible Organization: Lee County Department of Human Services Overall Projected Budget from All Sources Budget Obligated Funds Drawdown $37,878.50 To Date $907,878.50 $907,878.50 $907,878.50 $868,738.48 Program Funds Drawdown $3,657.43 $684,015.16 Program Income Drawdown $238.59 $184,723.32 Program Income Received Funds Expended Lee County Department of Human Services Apr 1 thru Jun 30, 2015 N/A $37,878.50 $3,896.02 $8,762.25 $8,762.25 $873,743.54 $873,743.54 Match Contributed Activity Description: Overall program administration of NSP activities Location Description: Activity Progress Narrative: Administration costs related to the planning and execution of the NSP 1 Program. Costs include staffing for program managment, monitoring, and reporting. 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: 3 / Redevelopment Grantee Activity Number: Activity Title: Activitiy Category: Acquisition - general Project Number: 3 Projected Start Date: 08/21/2012 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI 09-1273-Habitat Acquisition - Red Hibiscus Activity Status: Under Way Project Title: Redevelopment Projected End Date: 12/31/2020 Completed Activity Actual End Date: Responsible Organization: Habitat for Humanity of Lee and Hendry Counties, Inc. Overall Apr 1 thru Jun 30, 2015 To Date Projected Budget from All Sources N/A Budget Obligated Funds Drawdown Program Funds Drawdown $56,645.65 6
Program Income Drawdown $223,972.36 Program Income Received Funds Expended Habitat for Humanity of Lee and Hendry Counties, Inc. Match Contributed Activity Description: Acquisition of foreclosed upon vacant property consisting of twenty-six (26) residential single family lots located in the Red Hibiscus subdivision in Bonita Springs, Florida which is in an identified NSP special area of greatest need as defined in Lee County s Substantial Amendment #2 to the NSP Substantial Amendment to the 2008 Annual Action Plan. Property will be purchased at a discount of at least one percent of current market appraised value with appraisal having been completed within 60 days of final offer. Developer will subsequently fund, build, and sell twenty-six (26) single family homes for eligible homebuyers who are defined as households with incomes at or below 80% of the area median income for household size. Location Description: Red Hibiscus Subdivision in Bonita Springs, FL Activity Progress Narrative: Construction was completed on the seven homes that were under construction. Three homes were sold to eligible homebuyers during this reporting period. Homebuyers have been identified for the remaining completed homes and closings are scheduled and will occur during the next quarter. Accomplishments Performance Measures # of Properties 1 Cumulative Actual / Expected 1/1 # of Housing Units 3 # of Singlefamily Units 3 Cumulative Actual / Expected 3/26 3/26 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 3 3 0/0 3/26 3/26 100.00 # Owner Households 0 3 3 0/0 3/26 3/26 100.00 Activity Locations Address City County State Zip Status / Accept 26870 Red Blossom Ct Bonita Springs Florida 34135 No Match / Y 26871 Red Blossom Ct Bonita Springs Florida 34135 No Match / N 7
26880 Red Blossom Ct Bonita Springs Florida 34135 No Match / Y 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 / Acq/Rehab of Foreclosed Residental Properties Grantee Activity Number: Activity Title: 09-1132-NSHR Acq/Rehab/Resale for Single Family Homewnership Activitiy Category: Rehabilitation/reconstruction of residential structures Project Number: 4 Projected Start Date: 03/04/2009 Benefit Type: Direct ( HouseHold ) National Objective: NSP Only - LMMI Activity Status: Under Way Project Title: Acq/Rehab of Foreclosed Residental Properties Projected End Date: 03/03/2013 Completed Activity Actual End Date: Responsible Organization: Lee County Department of Human Services Overall Projected Budget from All Sources Budget Obligated Funds Drawdown ($37,878.50) $133,976.45 To Date $17,691,376.98 $17,691,376.98 $17,691,376.98 $15,904,675.10 Program Funds Drawdown $100,530.26 $9,258,088.27 Program Income Drawdown $133,737.86 $6,646,586.83 Program Income Received Funds Expended Lee County Department of Human Services Apr 1 thru Jun 30, 2015 N/A ($37,878.50) $234,268.12 $242,534.28 $242,534.28 $8,621,722.21 $16,125,680.94 $16,125,680.94 Match Contributed Activity Description: 8
Strategy includes activities of acquisition, rehabilitation, resale, including first and second mortgages, down payment assistance and lease to purchase program. FHA and government foreclosed homes will be considered along with other NSP-eligible properties. Lee County will work with lenders to assist with homeowners obtaining mortgages, and will provide homebuyer counseling through a contract with a HUD certified counselor. Lee County will also work with homebuyers that seek to locate foreclosed homes near their support services, and will assist homebuyers that meet all the requirements of the program with down payment assistance and rehabilitation assistance if needed. Location Description: The Lee County NSP activities will focus on the western portion of the Lehigh Acres community (herein after referred to as the Lehigh Corridor, in the CDBG targeted blighted neighborhoods of Page Park, Palmona Park, Pine Manor, and Suncoast Estates, in the area of North Fort Myers between Palmona and Suncoast, in the Tice/East Fort Myers neighborhood west of I- 75, in San Carlos Park, and in several areas with Special Needs housing opportunities. Activity Progress Narrative: There were no homes sold to NSP qualified buyers this quarter. Lee County contines to purchase foreclosed and abandoned homes with program income. homes purchased:162 Homes Sold: 153 Homes Pending Rehab:2 Homes Under Rehab:7 Accomplishments Performance Measures # of Properties 0 Cumulative Actual / Expected 112/115 # of Housing Units 0 # of Singlefamily Units 0 Cumulative Actual / Expected 112/115 112/115 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod # of Households 0 0 0 0/0 89/35 112/115 79.46 # Owner Households 0 0 0 0/0 89/35 112/115 79.46 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 9
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