grantee: phoenix, az grant: b-08-mn-04-0505 october 1 ......grant number: b-08-mn-04-0505 grantee...

October 1, 2010 thru December 31, 2010 Performance Report

B-08-MN-04-0505Grant:

Phoenix, AZGrantee:

1

Grant Number:B-08-MN-04-0505

Grantee Name:Phoenix, AZ

Grant Amount:$39,478,096.00

Grant Status:Active

Obligation Date:

Award Date:

Contract End Date:

Submitted - Await for Review

Review by HUD:

QPR Contact:Chris Hallett

Disasters:

NSP

Declaration Number

N/A

$18,617,641.00

$2,997,723.00

$2,453,920.00

Obligated CDBG DR Funds

Expended CDBG DR Funds

Total Projected Budget from All SourcesThis Report Period

Total CDBG Program Funds Budgeted

$39,478,096.00

Program Funds Drawdown

To Date

$19,863,160.00

$39,478,096.00

$39,478,096.00

Overall

N/A

$0.00

NarrativesAreas of Greatest Need:

Per direction at the HUD Webinar held January 20, 2011, some clean up was done to performance measures recorded in DRGR,necessitating the action plan. No dollar amounts in budgets or obligations were changed. Only performance measures where projects hadbeen double-counted, for example between acquisition and rehab activities.

Distribution and and Uses of Funds:

Definitions and Descriptions:

Low Income Targeting:

Acquisition and Relocation:

Public Comment:

2

$80,914.78

$15,434,925.00

$174,963.06

$1,892,672.00

Program Income Drawdown

$80,914.78 $174,963.06

Match Contributed

Program Income Received

Overview Phoenix and its partners have expended $19,824,127 of the $39,478,096 allocated; or just over 50% whichcompares favorably with national progress. As with other NSP grantees, expenditures by necessity have largelybeen for cash intensive acquisition activity. The more paced rehabilitation work began this past quarter. Overall,603 multi family rental units have been purchased and 273 single family homes have been purchased/assisted. The 25% set aside for very low income households has been obligated and will provide quality affordable housingfor 391 households, including 80 for special needs populations. Program Highlights NSP1 Homebuyer Assistance Program Twenty-one (21) households purchased a home in the fourth quarter using the NSP funds for a total of 168 of thegoal of 188. An additional eight (8) contracts are in the process of closing. The average AMI of the buyers thatclosed in the fourth quarter is 87%, over 70% purchased in the hardest hit zip codes in the city (Tier 2 + 3). Community and media outreach for this program and the Move In Ready program peaked interest in NSP despiteoverall softer market conditions and declining property values. Ms L recently participated in the Homebuyer Assistance Program and noted: Because of NSP I was able topurchase a wonderful home near by the school my son attends. I am a hard-working single mother with a goodsteady job, but probably would never have been able to save enough money for a down payment on my own. Thisis such a wonderful opportunity for people like me to make their dreams of home ownership a reality. Thank youCity!

Overall Progress Narrative:

Progress Toward Required Numeric Targets

$0.00

$0.00

To Date

Limit on Public Services

$15,434,925.00

0.00%0.00%

Overall Benefit Percentage (Projected)

$2,066,349.00

Requirement

Limit on State Admin $0.00

$359,159.00

Limit on Admin/Planning

$5,921,714.40

Required

$3,947,809.60

Minimum Non-Federal Match

Progress Toward Activity Type Targets

Progress Toward National Objective TargetsNational Objective Target ActualNSP Only - LH - 25% Set-Aside $9,869,524.00 $9,944,524.00

Overall Benefit Percentage (Actual)

3

NSP2 Home Improvement Program The majority of funding for the Home Improvement Program was moved to Move In Ready, leaving funding for twoprojects. One of the two was completed last summer and the second has encountered contractor problems. Theowner terminated the contract after the contractor lost his bond and the project has been rebid. The lender, WellsFargo, has been patient with the issues and rehab is expected to complete in March. NSP3 Move In Ready Program The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end ofDecember 10 properties were rehabilitated to the NSP standards and 2 properties were sold, with another 5 incontract. The sales rate of 70% sold or contracted through the holidays was a strong start. The NSP partners useda sales incentive from mid November to the end of December to encourage interest and the city provided media andcommunity outreach.Rehabilitation starts have been somewhat slower than desired since last quarter with only 7 new starts (compared tothe 15 anticipated). The NSP team is evaluating ways to improve this. In addition, the team will be reworkingprocessing. The NFW received a $200,000 grant from Wells Fargo for curb appeal projects for neighbors of NSPhomes and for additional energy rehabilitation work and will address 50 homes. As of the end of December we had not drawn funds for any of thompleted rehabilitations pending transmission of fullfile documentation. We expect to draw over $325,000 by early February. Mr T, our first homebuyer in this program was quoted in the Arizona Republic as saying: I have an awesomehouse. When I wake up every day I still can&rsquot believe this all happened and I have a beautiful home. It waswell worth all the hard work. Mr D, a neighbor was quoted saying: The residents in our neighborhood really appreciate that these houses werepurchased. The city and the partners involved in this program are helping to keep our property values up by doing acomplete renovation on these homes- it is a real plus. NSP4 Multi Family Rental HousingThree multi family rental properties are included in our NSP1 program; Park Lee (523 units), Royal Suites (80 units)and Summit (206 units). This program represents the commitment of the city to the affordable housing set aside,preserves some rental housing threatened by foreclosure and will add to long term, quality housing options formixed income households. The Park Lee Apartments, 523 units began construction this past quarter. The extensive rehabilitation will use$6,000,000 of NSP funds with additional funding coming from general obligation bond funds loaned by the City. The first rehab phase includes 64 units plus the Clubhouse, Office, swimming pools, main laundry building andplayground and should be turned over to the property manager in February 2011. Residents are temporarilyrelocated to other similar units on the property as needed. The anticipated completion date of the total project isDecember 2011/January 2012. At least 50% of the units at the Park Lee Apartments are planned to be below 50%of area median income, with the remaining units planned below 120% of area median income. The Housing Department has worked closely with the Police and Neighborhood Services Departments to ensurethat the property is safe and secure as well as to engage the residents and surrounding neighbors in the plans forrevitalizing the property. The project, which is close to light rail, will ensure ongoing affordability and become apositive contribution to the community. The Royal Suites project, being developed by Arizona Housing Inc. will use NSP funds of up to $3,892,000 to for theacquisition and rehabilitation of 80 units to provide permanent housing for a special needs population; formerlyhomeless men, women and small families below 50% of area median. All 80 units at Royal Suites will servehouseholds at or below 50% of area median income. Arizona Housing Inc. is proposing substantial rehabilitation ofthe Royal Suites Apartments incorporating numerous green strategies including insulation of exterior walls, doublepaned windows, Energy star rated appliances, and water conserving landscaping. AHI will submit an application tothe Federal Home Loan Bank in March for additional funding for the project. The acquisition of Royal Suites expended $1,034,550 in NSP funds. The remaining funds have been obligated for

4

rehabilitation which is expected to begin in June. AHI will submit an application to the Federal Home Loan Bank inMarch for additional funding for the project. The Summit Apartments will be developed by a city instrumentality, acquiring it from HUD, who obtained theproperty through a foreclosure sale on December 30, 2010. NSP funding of $4 million will be utilized forrehabilitation. It is anticipated that an application to HUD will be submitted for approval to develop the SummitApartments as an Operating Subsidy Only Mixed Finance Development project, with an anticipated set aside andallocation of approximately 25% of the units as public housing units from the city ACC reserve. The constructionwork is expected to begin work in summer 2011. At least 50% of the units at the Summit Apartments are planned to be below 50% of area median income, with theremaining units planned below 120% of area median income. NSP5 Acquisition/Demolition Fifteen properties have been acquired and 12 have been demolished. We expect the remaining 3 to be demolishedby the end of this quarter. During the last quarter we demolished a 52 unit foreclosed and abandoned propertyadjacent to a mass transit station and held a community celebration event that drew a crowd of residents andmedia. The property had been on the Dirty Dozen slum property list and was the source of over 27% of all calls forpolice for the area. The green demolition was completed in November, recycling 75.3% of the materials. Theproject employed 32 workers over the 8 week project. NSP6 Administration To support the interaction of our partners and the needed reporting we acquired a license to the Community Centralbusiness system. Adapting it to accommodate all three of our homeownership programs, incorporating two buyerdirect programs (starting with buyers rather than properties) within their standard acquisition/rehab system with asfew modifications as possible has been our goal. We greatly appreciate the flexibility and support of CommunityCentral through this. We expect to go live this quarter. Phoenix has requested TA for our rehab teams in the HomeImprovement Program and Move In Ready. We have single family infill new construction experience and couldbenefit from transition support to acquisition and rehab in volume. On a positive note, we have experienced somerelief in hiring restraints and have been able to hire an outreach staff person and other staff that are working onNSP2.

Project SummaryProject #, Project Title This Report Period To Date

Program FundsDrawdown

Project FundsBudgeted

Program FundsDrawdown

9999, Restricted Balance $0.00 $0.00 $0.00

NSP1, Financing Mechanisms - DPA Only $436,432.00 $4,134,377.00 $3,499,367.00

NSP2, Financing Mechanisms - DPA w/ Rehab $897.00 $330,810.00 $244,585.00

NSP3, Acquisition/Purchase and Rehab - SFR/HO $463,467.00 $17,818,474.00 $9,366,904.00

NSP4, Acquisition/Purchase and Rehab - MF Rental $1,160,912.00 $10,659,086.00 $1,855,657.00

NSP5, Demolition - Blighted Structures $256,393.00 $3,104,383.00 $1,584,779.00

NSP6, Administration and Planning $135,819.00 $3,430,966.00 $2,066,349.00

Activities

5

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$368,480.00

NSP Only - LMMI CHRA-Community Housing Resources of Arizona

Total Projected Budget from All Sources

Match Contributed

$368,480.00

N/A

$439,289.00

$0.00

$368,480.00

$256,760.00


National Objective:


Activity Status:



Projected End Date:

Completed Activity Actual End Date:


NSP1D-CHRA

$0.00

$0.00

$0.00

Oct 1 thru Dec 31, 2010

Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

Direct Benefit (Households)

$256,760.00


Responsible Organization:

$0.00

Homeownership Assistance to low- and moderate-income Under Way

Activity Description:

The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier 3 areas that requireno rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target population would be FHAcreditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected that some buyersbelow 80% of median income could also be served. The City will ensure continued affordability of assisted units by adopting, ata minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years. Performance measures reflect intial five financing assistance projects undertaken. The other activities have been moved toNSP1D-DPA (178) and NSP1-DPALMMI (5).

Location Description:

The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem.

Activity Progress Narrative:

Homebuyer Assistance ProgramActivity Title:

Project Number:

NSP1

Project Title:

Financing Mechanisms - DPA Only

6

No Activity Locations found.

Activity Locations

No Other Funding Sources Found

Other Funding Sources Amount

Total Other Funding Sources

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

Accomplishments Performance MeasuresThis Report Period Cumulative Actual Total / Expected

Total Total

5/5# of Housing Units 0

Beneficiaries Performance MeasuresThis Report Period Cumulative Actual Total / Expected

Low Mod Total Low Mod Total Low/Mod%

0 0/0 1/0 5/5# of Total Households 0 0 20.00

0 0/0 1/0 5/5# Owner Households 0 0 20.00

7



Benefit Type:

Overall

$2,745,000.00

NSP Only - LMMI COP-NSD


Match Contributed

$2,745,000.00

N/A

$14,551,045.00

$0.00

$2,745,000.00

$2,445,000.00


National Objective:


Activity Status:



Projected End Date:



NSP1D-DPA

$330,000.00

$0.00

$0.00


Activitiy Category:

$0.00

$1,892,672.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$2,445,000.00



$330,000.00



The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier 3 areas that requireno rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target population would be FHAcreditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected that some buyersbelow 80% of median income could also be served. The City will ensure continued affordability of assisted units by adopting, ata minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years



From October 1, 2010 to December 31, 2010 twenty-one (21) households were referred to Community Housing Resources ofArizona after having obtained conditional loan approvals from local lenders and deemed ready for homeownership. Thirteen(13) households were determined by CHRA to be eligible to use the NSP program. Eligible buyers submitted twelve (12)purchase contracts to CHRA for review. Twenty-one (21) households purchased a home in the fourth quarter using the NSPfunds. Those twenty-one (21) addresses are reported below. The twenty-one closings represent a total of $1,892,672 in


Homebuyer AssistanceActivity Title:

Project Number:

NSP1

Project Title:


$2,445,000.00$330,000.00COP-NSD

8

matching funds in the form of first mortgages. An additional eight (8) contracts are in the process of closing. The City obligatedNSP funds for an additional fifteen (15) eligible families by providing them with commitment letters with four (4) of these newlyeligible families entering into purchase contracts. Eight potential buyers (with commitment letters) fell out of the program in thefourth quarter, and twenty-three (23) buyers with commitment letters have yet to enter into a purchase contract. In the fourthquarter, the City had three (3) buyers at or below 50% AMI, and two (2) additional buyers at or below 80% AMI. The averageAMI of the buyers that closed in the fourth quarter is 87%. Nine (9) buyers, or 43%, purchased homes in the City&rsquoshardest hit zip codes (Tier 3), six (6), or 29%, purchased in the City&rsquos hard hit zip codes (Tier 2) and six (6), or 28%,purchased in the remainder of the City&rsquos zip codes (Tier 1).

The City released several press releases regarding the Neighborhood Stabilization Program in December, 2010 andparticipated in two news stories featuring grateful NSP Homeownership Assistance buyers. There was a spike in interestfollowing the airing of the stories on local news programs. The City also participated in a Homebuyer Fair in the fourth quarter,in which residents learned about various assistance programs.

Activity LocationsAddress City State Zip

NAPhoenix6904 S. 54th Lane 85339

NAPhoenix10822 W. Taft St. 85037

NAPhoenix3850 W. Mandalay Lane 85053

NAPhoenix3525 W. Mandalay Ln 85053

NAPhoenix7214 W. Whyman Ave. 85043

NAPhoenix4418 W. Oraibi 85308

NAPhoenix3333 W. Hearn Rd. 85053

NAPhoenix3435 E. Paradise Lane 85032

NAPhoenix2331 W. Hunter Ct. 85085

NAPhoenix3129 W. Eugie Avenue 85029

NAPhoenix4539 W. Annette Drive 85032

NAPhoenix6437 S. 46th Place 85042

NAPhoenix7937 W. Napoli St. 85043

NAPhoenix19426 N. 8th St. 85024

NAPhoenix5023 W. Lynne Lane 85339

NAPhoenix1425 W. Wickieup Lane 85027

NAPhoenix6922 S. 26th Lane 85041

NAPhoenix3105 W. Wayland Dr. 85041

NAPhoenix4135 N. 17th St #8 85016

NAPhoenix4135 W Diana Ave 85051


Total Total


21/178# of Singlefamily Units 21





9

NAPhoenix948 E. Escuda Dr 85024






10



Benefit Type:

Overall

$152,468.00

NSP Only - LMMI Housing Counseling Agencies


Match Contributed

$152,468.00

N/A

$0.00

$0.00

$152,468.00

$106,281.00


National Objective:


Activity Status:



Projected End Date:



NSP1D-HoCos

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$106,281.00



$0.00



The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier 3 areas that requireno rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target population would be FHAcreditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected that some buyersbelow 80% of median income could also be served. The City will ensure continued affordability of assisted units by adopting, ata minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years. Performance Measures reported in NSP1-DPA and NSP1-DPA LMMI.



Our housing counseling partners provided homebuyer education to thirty-five (35) people interested in the City&rsquos NSPprograms, of which twenty-one (21) were eventually referred to Community Housing Resources of Arizona (CHRA). No expenses were paid in the period.



Project Number:

NSP1

Project Title:


$106,281.00$0.00Housing Counseling Agencies

11

Performance measures are reported in NSP1D-DPA.


Activity Locations







Total Total




0 0/0 0/0 0/0# of Total Households 0 0 0

0 0/0 0/0 0/0# Owner Households 0 0 0

12



Benefit Type:

Overall

$540,525.00



Match Contributed

$540,525.00

N/A

$0.00

$0.00

$540,525.00

$431,485.00


National Objective:


Activity Status:



Projected End Date:



NSP1D-PHX

$75,960.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$431,485.00



$75,960.00



The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier 3 areas that requireno rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target population would be FHAcreditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected that some buyersbelow 80% of median income could also be served. The City will ensure continued affordability of assisted units by adopting, ata minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years.Performance Measures reported in NSP1-DPA and NSP1-DPA LMMI.



This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP1-DPA and NSP1D-DPA-LH25.



Project Number:

NSP1

Project Title:


$431,485.00$75,960.00COP-NSD

13


Activity Locations







Total Total






14



Benefit Type:

Overall

$252,904.00

NSP Only - LMMI ROI


Match Contributed

$252,904.00

N/A

$0.00

$0.00

$252,904.00

$184,841.00


National Objective:


Activity Status:



Projected End Date:



NSP1D-ROI

$30,472.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$184,841.00



$30,472.00



The City will provide homeownership assistance (an NSP &ldquoFinancing Mechanism&rdquo) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 1, Tier 2 and Tier3 areas that require no rehabilitation to meet lender requirements and/or City&rsquos housing standards. The target populationwould be FHA creditworthy borrowers with incomes at or below 120% AMI. Given current area home prices, it is expected thatsome buyers below 80% of median income could also be served. The City will ensure continued affordability of assisted unitsby adopting, at a minimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5years $15,001 - $40,000 10 years > $40,000 15 years.Performance Measures reported in NSP1-DPA and NSP1-DPA LMMI.



ROI continues to act as the City&rsquos lead in providing customer service to assist the buyers through each step of the NSPhome purchase process.



Project Number:

NSP1

Project Title:


$184,841.00$30,472.00ROI

15


Activity Locations







Total Total






16



Benefit Type:

Overall

$1,622.00



Match Contributed

$1,622.00

N/A

$0.00

$0.00

$1,622.00

$1,622.00


National Objective:


Activity Status:



Projected End Date:



NSP2D-HoCos

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2011

$0.00

To Date

03/11/2009


$1,622.00



$0.00



The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 2 and Tier 3 areas of greatest needwhich require rehabilitation to meet lender requirements and the City&rsquos Rehab Standards, described elsewhere in theAction Plan. Assistance will be provided as a loan that includes homebuyer assistance and pays the cost of rehabilitation, muchlike the FHA 203(k) loan program. Target population will be FHA creditworthy borrowers with incomes at or below 120% AMI.Given current area home prices, it is expected that some buyers below 80% of median income could also be served. The Citywill ensure continued affordability of assisted units by adopting, at a minimum, the HOME program standard: Per-unit NSPAssistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years.Performance Measures reported in NSP2R-REH.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendment of 2008highlights those Zip Codes that have been determined to constitute areas of greatest need, distinguished by the three tiers oftargeting that the City will adopt to address such a widespread problem. Homeownership Assistance with Rehabilitation will beprimarily targeted in Tier 2 and Tier 3 areas of greatest need.

No expenses were paid in the period.


Home Improvement ProgramActivity Title:

Project Number:

NSP2

Project Title:

Financing Mechanisms - DPA w/ Rehab

$1,622.00$0.00Housing Counseling Agencies

17


Activity Locations







Total Total






18



Benefit Type:

Overall

$50,960.00



Match Contributed

$50,960.00

N/A

$0.00

$0.00

$50,960.00

$50,928.00


National Objective:


Activity Status:



Projected End Date:



NSP2D-PHX

$283.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$50,928.00



$283.00



The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 2 and Tier 3 areas of greatest needwhich require rehabilitation to meet lender requirements and the City&rsquos Rehab Standards, described elsewhere in theAction Plan. Assistance will be provided as a loan that includes homebuyer assistance and pays the cost of rehabilitation, muchlike the FHA 203(k) loan program. Target population will be FHA creditworthy borrowers with incomes at or below 120% AMI.Given current area home prices, it is expected that some buyers below 80% of median income could also be served. The Citywill ensure continued affordability of assisted units by adopting, at a minimum, the HOME program standard: Per-unit NSPAssistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years.Performance Measures reported in NSP2R-REH.





Project Number:

NSP2

Project Title:


$50,928.00$283.00COP-NSD

19

This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP2R-REH.


Activity Locations







Total Total






20



Benefit Type:

Overall

$155,677.00



Match Contributed

$155,677.00

N/A

$0.00

$0.00

$155,677.00

$155,372.00


National Objective:


Activity Status:



Projected End Date:



NSP2R-PHX

$614.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$155,372.00



$614.00

Rehabilitation/reconstruction of residential structures Under Way


The City will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinate mortgages to assisthomebuyers purchase and occupy foreclosed or abandoned single-family homes in Tier 2 and Tier 3 areas of greatest needwhich require rehabilitation to meet lender requirements and the City&rsquos Rehab Standards, described elsewhere in theAction Plan. Assistance will be provided as a loan that includes homebuyer assistance and pays the cost of rehabilitation, muchlike the FHA 203(k) loan program. Target population will be FHA creditworthy borrowers with incomes at or below 120% AMI.Given current area home prices, it is expected that some buyers below 80% of median income could also be served. The Citywill ensure continued affordability of assisted units by adopting, at a minimum, the HOME program standard: Per-unit NSPAssistance Minimum Affordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years. Performance measures reported in NSP2R-REH.





Project Number:

NSP2

Project Title:


$155,372.00$614.00COP-NSD

21

This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP2R-REH.


Activity Locations







Total Total

0/0# of Properties 0

No Beneficiaries Performance Measures found.

Beneficiaries Performance Measures

22



Benefit Type:

Overall

$1,072,638.00



Match Contributed

$1,072,638.00

N/A

$0.00

$0.00

$1,072,638.00

$1,072,638.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-ACQ

$46,491.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$1,072,638.00



$0.00

Acquisition - general Under Way


The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will be at least 1%below current appraised value. NSP funds will also pay for allowable rehab costs. This activity will be focused on areas ofgreatest need so as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbed homes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at orbelow 120% AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also beserved. Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop theproperty, including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, inwhich case they may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residencemay qualify for Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at aminimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years.Performance measures reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bytargeting Move-In Ready program resources to limited geographic areas. Since the Move-In Ready (MIR) program is continuedin the City of Phoenix NSP2 competitive grant, the City will align the NSP1 target areas for the MIR program with the NSP2target area boundaries. This increased focus on targeting is intended to produce greater strategic impact from the investment of NSP1 and NSP2 funds

Move In Ready ProgramActivity Title:

Project Number:

NSP3

Project Title:

Acquisition/Purchase and Rehab - SFR/HO

$1,072,638.00$0.00COP-NSD

23

in the Move-In Ready Program, and will also simplify administration.

The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Performance measures are reported in the rehab activities NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS. The measures inthis activity are corrected by subtracting the previously reported numbers, which were added in error at the beginning of theprogram.



Activity Locations







Total Total

0/0# of Properties -12

0/0# of Parcels acquired voluntarily -12

This Report Period Cumulative Actual Total / Expected

Total Total





24



Benefit Type:

Overall

$3,940,233.00

NSP Only - LMMI FSL--Foundation for Senior Living


Match Contributed

$3,940,233.00

N/A

$0.00

$0.00

$3,940,233.00

$3,896,116.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-FSL

$175,706.00

$0.00

$0.00


Activitiy Category:

$94,048.28

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$3,802,068.00



$186,521.00







Project Number:

NSP3

Project Title:


$3,896,116.00$186,521.00FSL--Foundation for Senior Living

25


The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Performance measures are reported in the rehab activity NSP3R-FSL. The measures in this activity are corrected bysubtracting the previously reported numbers, which were added in error at the beginning of the program.



Activity Locations







Total Total


0/0# of Parcels acquired voluntarily 0


Total Total

0/0# of Housing Units -14



26



Benefit Type:

Overall

$3,911,488.00

NSP Only - LMMI NFWSC--National Farm Workers Service Center


Match Contributed

$3,911,488.00

N/A

$0.00

$80,914.78

$3,911,488.00

$3,955,185.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-NFWSC

$100,767.00

$174,963.06

$80,914.78


Activitiy Category:

$80,914.78

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$3,874,270.00



$181,682.00



The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will be at least 1%below current appraised value. NSP funds will also pay for allowable rehab costs. This activity will be focused on areas ofgreatest need so as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbed homes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at orbelow 120% AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also beserved. Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop theproperty, including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, inwhich case they may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residencemay qualify for Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at aminimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years. Performance measures reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bytargeting Move-In Ready program resources to limited geographic areas. Since the Move-In Ready (MIR) program is continuedin the City of Phoenix NSP2 competitive grant, the City will align the NSP1 target areas for the MIR program with the NSP2target area boundaries.


Project Number:

NSP3

Project Title:


$3,955,185.00$181,682.00COP-NSD

$0.00$0.00NFWSC--National Farm Workers Service Center

27

This increased focus on targeting is intended to produce greater strategic impact from the investment of NSP1 and NSP2 fundsin the Move-In Ready Program, and will also simplify administration.

The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Performance measures are reported in the rehab activity NSP3R-NFWSC. The measures in this activity are corrected bysubtracting the previously reported numbers, which were added in error at the beginning of the program.



Activity Locations







Total Total




Total Total




28



Benefit Type:

Overall

$102,267.00

NSP Only - LMMI NHSP-Neighborhood Housing Services of Phoenix


Match Contributed

$102,267.00

N/A

$0.00

$0.00

$102,267.00

$89,373.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-NHS

$8,920.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$89,373.00



$8,920.00



The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will be at least 1%below current appraised value. NSP funds will also pay for allowable rehab costs. This activity will be focused on areas ofgreatest need so as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbed homes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at orbelow 120% AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also beserved. Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop theproperty, including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, inwhich case they may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residencemay qualify for Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at aminimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years. Performance measures reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.




Project Number:

NSP3

Project Title:


$89,373.00$8,920.00NHSP-Neighborhood Housing Services of Phoenix

29


The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Performance measures are reported in the rehab activity NSP3R-NHS. The measures in this activity are corrected bysubtracting the previously reported numbers, which were added in error at the beginning of the program.



Activity Locations







Total Total



Total Total




30



Benefit Type:

Overall

$217,443.00



Match Contributed

$217,443.00

N/A

$0.00

$0.00

$217,443.00

$32,981.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-PHX

$5,926.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$32,981.00



$5,926.00



Performance measures reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.


This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP3R-FLS, NSP3R-NFWSC and NSP3R-NHS.



Project Number:

NSP3

Project Title:


$32,981.00$5,926.00COP-NSD


Total Total




Total Total


31


Activity Locations








32



Benefit Type:

Overall

$65,190.00

NSP Only - LMMI ROI


Match Contributed

$65,190.00

N/A

$0.00

$0.00

$65,190.00

$28,468.00


National Objective:


Activity Status:



Projected End Date:



NSP3A-ROI

$8,961.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$28,468.00



$8,961.00







Project Number:

NSP3

Project Title:


$28,468.00$8,961.00ROI

33


ROI provides real estate services for targeting acquisition activity, complementing the listings harvested through the NCST, byreviewing and evaluating MLS and Fannie Mae listings in the cluster and target areas. Perfromance measures are reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.



Activity Locations







Total Total




34



Benefit Type:

Overall

$113,540.00



Match Contributed

$113,540.00

N/A

$0.00

$0.00

$113,540.00

$0.00


National Objective:


Activity Status:



Projected End Date:



NSP3D-HoCos

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$0.00







Project Number:

NSP3

Project Title:


$0.00$0.00Housing Counseling Agencies

35


No expenses were paid in the period.



Activity Locations







Total Total






36



Benefit Type:

Overall

$498,680.00



Match Contributed

$498,680.00

N/A

$0.00

$0.00

$498,680.00

$52,441.00


National Objective:


Activity Status:



Projected End Date:



NSP3D-PHX

$12,304.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$52,441.00



$12,304.00







Project Number:

NSP3

Project Title:


$52,441.00$12,304.00COP-NSD

37





Activity Locations







Total Total






38



Benefit Type:

Overall

$239,369.00

NSP Only - LMMI ROI


Match Contributed

$239,369.00

N/A

$0.00

$0.00

$239,369.00

$139,536.00


National Objective:


Activity Status:



Projected End Date:



NSP3D-ROI

$23,082.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$139,536.00



$23,082.00







Project Number:

NSP3

Project Title:


$139,536.00$23,082.00ROI

39


ROI provides real estate services for targeting acquisition activity, complementing the listings harvested through the NCST, byreviewing and evaluating MLS and Fannie Mae listings in the cluster and target areas. Perfromance measures are reported in NSP3R-FSL, NSP3R-NFWSC and NSP3R-NHS.



Activity Locations







Total Total






40



Benefit Type:

Overall

$3,100,602.00

NSP Only - LMMI FSL--Foundation for Senior Living


Match Contributed

$3,100,602.00

N/A

$0.00

$0.00

$3,100,602.00

$242,360.00


National Objective:


Activity Status:



Projected End Date:



NSP3R-FSL

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$242,360.00



The City or contracted intermediaries (for-profits and/or non-profits procured as contractors or performing under subrecipientagreements) will purchase foreclosed or abandoned homes and rehabilitate them in keeping with City standards describedelsewhere in the NSP Action Plan. Homes may be purchased individually or at bulk sale. Purchase prices will be at least 1%below current appraised value. NSP funds will also pay for allowable rehab costs. This activity will be focused on areas ofgreatest need so as to produce tangible evidence of neighborhood improvement and to entice homebuyers to purchase newly-rehabbed homes. Upon the completion of rehabilitation, homes will be sold to FHA creditworthy borrowers with incomes at orbelow 120% AMI. Given current area home prices, it is expected that some buyers below 80% of median income could also beserved. Sales to homebuyer will be at a price equal to or less than the cost to acquire and rehabilitate or redevelop theproperty, including related activity delivery costs and a reasonable developer fee unless the intermediary is a subrecipient, inwhich case they may recover their direct costs. LMMI purchasers who agree to occupy the property as their primary residencemay qualify for Direct Homeownership Assistance. The City will ensure continued affordability of assisted units by adopting, at aminimum, the HOME program standard: Per-unit NSP Assistance Minimum Affordability Period <= $15,000 5 years $15,001 -$40,000 10 years > $40,000 15 years.




Project Number:

NSP3

Project Title:


$242,360.00$242,360.00FSL--Foundation for Senior Living

41


The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Properties were MLS listed at the end of October so the sales rate of 70% through the holidays was a strong start. The NSPpartners used a sales incentive from mid November to the end of December to encourage interest. We offered a free washerand dryer plus a buyer agent bonus for an accepted offer. We now have a central website with all rehabbed or in progressproperties listed with photos, prices and details and had the majority of the pending properties listed to encourage buyerselection of properties for upcoming rehabilitation, to reduce the risks associated with speculative development.Rehabilitation starts have been somewhat slower than desired since last quarter with only 7 new starts (compared to the 15anticipated). The NSP team is evaluating ways to improve this. Staff turn over has occurred for both the National FarmWorkers (NFW) and Foundation for Senior Living (FSL). In addition, the team will be reworking processing. The NFW receiveda $200,000 grant from Wells Fargo for &lsquocurb appeal&rsquo projects for neighbors of NSP homes and for additionalenergy rehabilitation work and will address 50 homes. This breaks down by developer partner as follows (life to end of quarter):Foundation for Senior LivingAcquired 48Rehabbed 2Sold 1Under contract 3As of the end of December we had not drawn funds for any of the completed rehabilitations pending transmission of full filedocumentation. We expect to draw over $325,000 for all 10 by early February.



NAPhoenix1530 W Surrey Ave 85029




Total Total



Total Total


1/50# of Singlefamily Units 1





42




43



Benefit Type:

Overall

$2,105,358.00

NSP Only - LMMI NFWSC--National Farm Workers Service Center


Match Contributed

$2,105,358.00

N/A

$0.00

$0.00

$2,105,358.00

$625,620.00


National Objective:


Activity Status:



Projected End Date:



NSP3R-NFWSC

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$172,455.00







Project Number:

NSP3

Project Title:


$625,620.00$172,455.00NFWSC--National Farm Workers Service Center

44


The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Properties were MLS listed at the end of October so the sales rate of 70% through the holidays was a strong start. The NSPpartners used a sales incentive from mid November to the end of December to encourage interest. We offered a free washerand dryer plus a buyer agent bonus for an accepted offer. We now have a central website with all rehabbed or in progressproperties listed with photos, prices and details and had the majority of the pending properties listed to encourage buyerselection of properties for upcoming rehabilitation, to reduce the risks associated with speculative development.Rehabilitation starts have been somewhat slower than desired since last quarter with only 7 new starts (compared to the 15anticipated). The NSP team is evaluating ways to improve this. Staff turn over has occurred for both the National FarmWorkers (NFW) and Foundation for Senior Living (FSL). In addition, the team will be reworking processing. The NFW receiveda $200,000 grant from Wells Fargo for &lsquocurb appeal&rsquo projects for neighbors of NSP homes and for additionalenergy rehabilitation work and will address 50 homes. This breaks down by developer partner as follows (life to end of quarter):National Farm WorkersAcquired 48Rehabbed 8Sold 1Under contract 2 Note- 3 properties are unassigned to a partner and held by the city.As of the end of December we had not drawn funds for any of the completed rehabilitations pending transmission of full filedocumentation. We expect to draw over $325,000 for all 10 by early February.



Activity Locations







Total Total




45



Benefit Type:

Overall

$652,985.00

NSP Only - LMMI NHSP-Neighborhood Housing Services of Phoenix


Match Contributed

$652,985.00

N/A

$0.00

$0.00

$652,985.00

$68,950.00


National Objective:


Activity Status:



Projected End Date:



NSP3R-NHS

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$0.00





The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bytargeting Move-In Ready program resources to limited geographic areas. Since the Move-In Ready (MIR) program is continuedin the City of Phoenix NSP2 competitive grant, the City will align the NSP1 target areas for the MIR program with the NSP2target area boundaries. This increased focus on targeting is intended to produce greater strategic impact from the investment of NSP1 and NSP2 fundsin the Move-In Ready Program, and will also simplify administration.


Project Number:

NSP3

Project Title:


$68,950.00$0.00NHSP-Neighborhood Housing Services of Phoenix

46

The Move in Ready program met the obligation deadline with 103 properties acquired and as of the end of December 10properties were rehabilitated to the NSP standards and 2 properties were sold and 5 were in contract. Properties were MLS listed at the end of October so the sales rate of 70% through the holidays was a strong start. The NSPpartners used a sales incentive from mid November to the end of December to encourage interest. We offered a free washerand dryer plus a buyer agent bonus for an accepted offer. We now have a central website with all rehabbed or in progressproperties listed with photos, prices and details and had the majority of the pending properties listed to encourage buyerselection of properties for upcoming rehabilitation, to reduce the risks associated with speculative development. Rehabilitation starts have been somewhat slower than desired since last quarter with only 7 new starts (compared to the 15anticipated). The NSP team is evaluating ways to improve this. Staff turn over has occurred for both the National FarmWorkers (NFW) and Foundation for Senior Living (FSL). In addition, the team will be reworking processing. The NFW receiveda $200,000 grant from Wells Fargo for &lsquocurb appeal&rsquo projects for neighbors of NSP homes and for additionalenergy rehabilitation work and will address 50 homes. This breaks down by developer partner as follows (life to end of quarter): Neighborhood Housing ServicesAcquired 4Rehabbed 0Sold 0Under contract Note- 3 properties are unassigned to a partner and held by the city. As of the end of December we had not drawn funds for any of the completed rehabilitations pending transmission of full filedocumentation. We expect to draw over $325,000 for all 10 by early February.



Activity Locations




Total Total




47




48



Benefit Type:

Overall

$1,524,281.00



Match Contributed

$1,524,281.00

N/A

$0.00

$0.00

$1,524,281.00

$275,129.00


National Objective:


Activity Status:



Projected End Date:



NSP3R-PHX

$81,310.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$275,129.00



$81,310.00







Project Number:

NSP3

Project Title:


$275,129.00$81,310.00COP-NSD

49




Activity Locations







Total Total



Total Total





50



Benefit Type:

Overall

$688,776.00

NSP Only - LH - 25% Set-Aside COP-Housing Dept


Match Contributed

$688,776.00

N/A

$0.00

$0.00

$688,776.00

$688,776.00


National Objective:


Activity Status:



Projected End Date:



NSP4A-ACQParkLee

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$688,776.00



$0.00



The City will use NSP funds to assist with the purchase and rehabilitation of foreclosed or abandoned rental properties,primarily multi-family. Foreclosed or abandoned multi-family rentals introduce significant distress in any area. Identification ofprospect properties will involve strategic targeting to Tier 2 and Tier 3 areas of greatest need, with secondary emphasis onidentifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.This will be the City&rsquos primary NSP program for benefiting households at or below 50% of median income. Propertiescould be purchased for the City&rsquos own portfolio or the City could assist non-profit or for-profit partners in acquisition andrehabilitation. The form of the City&rsquos assistance will be subordinated mortgages. The City will make every effort toleverage these loans with FHA or other first mortgages, tax credit proceeds (where possible) and other subordinate financingsuch as AHP, state funds and its own subordinate mortgage financing. Rental and occupancy agreements will be enforcethrough deeds of trust, covenants running with the property, deed restrictions or other mechanisms approved by HUD, in orderto ensure continued affordability that will, at a minimum, meet the HOME standard: Per-unit NSP Assistance MinimumAffordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years.Performance measures reported in NSP4R-REHParkLee and NSP4R-REHParkLeeLMMI.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Identification of prospect properties will involvestrategic targeting to Tier 2 and Tier 3 areas of greatest need defined elsewhere in the Action Plan, with secondary emphasison identifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.

Acquisition of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:

Acquisition/Purchase and Rehab - MF Rental

$688,776.00$0.00COP-Housing Dept

51

The Park Lee Apartments is a city instrumentality-owned multifamily complex located at 1600 W. Highland Avenue, totaling 523units on approximately 32 acres. A LLC instrumentality of the City purchased the property in December 2009 and plansextensive rehabilitation using $6,000,000 of NSP funds, with additional funding coming from GO Bond funds loaned by the City.The City acquired the note from the U.S. Department of Housing and Urban Development and HUD is in concurrence with theprocurement and loan process as outlined by the City. City staff has completed inspections on all units and has developed a rehabilitation scope of work for the property, whichincludes both interior and exterior items. A general contractor has been procured and a contract awarded to CalienteConstruction. The construction contract was executed by both parties on October 29, 2010 and the Notice to Proceed was alsoissued on October 29, 2010. Rehab work will be conducted in phases with work beginning on the first phase, Block 1, inNovember 2010. Residents will be temporarily relocated to other similar units on the property. Interior and exterior rehabilitation has begun on Blocks 1, 2 and 18. Blocks 1 and 2 consist of three buildings totaling 64 unitsthat run from the SW corner of Hazelwood and 15th Avenue, north along 15th Avenue. Block 18 consists of the 5 acre parcel inthe center of the project that houses the Clubhouse, Office, swimming pools, main laundry building and playground. The goal isto have these three blocks turned over to the property manager by February 15, 2011. All current residents located on theproperty will be moved into the units in Blocks 1 and 2 to facilitate the rehabilitation of the remaining Blocks. With thecompletion of the units in Blocks 1 and 2, the schedule is to have each succeeding Block completed in a time-frame of 5 to 6weeks. The anticipated completion date of the total project is December 2011/January 2012. The complex had severely deteriorated from its former charm and appeal and become a blight on the neighborhood until theCity purchased in December 2009. The Housing Department has worked closely with the Police and Neighborhood ServicesDepartments to ensure that the property is safe and secure as well as to engage the residents and surrounding neighbors in theplans for revitalizing the property. Several neighborhood and resident meetings have taken place to discuss the plans for theproperty. Through these efforts, the Housing Department is preserving Park Lee&rsquos affordability and positive contributionto the community. At least 50% of the units at the Park Lee Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income.



Activity Locations




Total Total




Total Total





52




53



Benefit Type:

Overall

$1,071,750.00



Match Contributed

$1,071,750.00

N/A

$0.00

$0.00

$1,071,750.00

$1,051,549.00


National Objective:


Activity Status:



Projected End Date:



NSP4A-ACQRoyalS

$1,045,580.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

N/A

$1,051,549.00



$1,045,580.00



The City will use NSP funds to assist with the purchase and rehabilitation of foreclosed or abandoned rental properties,primarily multi-family. Foreclosed or abandoned multi-family rentals introduce significant distress in any area. Identification ofprospect properties will involve strategic targeting to Tier 2 and Tier 3 areas of greatest need, with secondary emphasis onidentifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.This will be the City&rsquos primary NSP program for benefiting households at or below 50% of median income. Propertiescould be purchased for the City&rsquos own portfolio or the City could assist non-profit or for-profit partners in acquisition andrehabilitation. The form of the City&rsquos assistance will be subordinated mortgages. The City will make every effort toleverage these loans with FHA or other first mortgages, tax credit proceeds (where possible) and other subordinate financingsuch as AHP, state funds and its own subordinate mortgage financing. Rental and occupancy agreements will be enforcethrough deeds of trust, covenants running with the property, deed restrictions or other mechanisms approved by HUD, in orderto ensure continued affordability that will, at a minimum, meet the HOME standard: Per-unit NSP Assistance MinimumAffordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years.Performance Measures reported in NSP4R-REHRoyalS



Acquisition of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:


$1,051,549.00$1,045,580.00COP-Housing Dept

54

On November 4, 2009, the Phoenix City Council awarded NSP funds of up to $3,892,000 to Arizona Housing Inc. for theacquisition and rehabilitation of the Royal Suites Apartments. The Royal Suites Apartments will provide permanent housing fora special needs population, serving formerly homeless men, women and small families below 50% of area median income with15 studios at 475 square feet, 25 studios at 525 square feet, and 13 1-bedroom units at 605 square feet. Ten percent of theunits, at least eight (8) apartments, will be accessible for persons with disabilities. Arizona Housing Inc. is proposing substantialrehabilitation of the Royal Suites Apartments incorporating numerous green strategies including insulation of exterior walls,double paned windows, Energy star rated appliances, and water conserving landscaping. Arizona Housing Inc. (AHI) executed a purchase sales agreement with the REO seller in June 2010 for the proposed site at10421 N. 33rd Ave. The City of Phoenix Housing Department prepared loan agreements which were executed by AHI inAugust 2010. The acquisition of Royal Suites obligated $1,034,550 in NSP funds, which reflects the requirement for onepercent below appraised value. The remaining funds have been obligated for rehabilitation based on the scope of work andcost estimates provided by the developer. AHI performed all of their due diligence activities and acquired the property on November 23, 2010. AHI has also procured anarchitectural firm, Architectural Resource Team, Inc. Site surveys and as-built drawings are complete. Schematic rehab plansare in progress with a full permit package expected to be submitted to the City in mid March 2011. Once plans are approved,AHI will procure a general contractor with construction expected to begin in mid June 2011. AHI will submit an application tothe Federal Home Loan Bank in March for additional funding for the project. All 80 units at Royal Suites will serve households at or below 50% of area median income. Multi family projects in Program 4will satisfy the HUD requirement to use 25% of the funds to benefit households at or below 50% of area median income.



Activity Locations







Total Total




55



Benefit Type:

Overall

$2,578,310.00



Match Contributed

$2,578,310.00

N/A

$0.00

$0.00

$2,578,310.00

$0.00


National Objective:


Activity Status:



Projected End Date:



NSP4R-REHParkLee-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$0.00



The City will use NSP funds to assist with the purchase and rehabilitation of foreclosed or abandoned rental properties,primarily multi-family. Foreclosed or abandoned multi-family rentals introduce significant distress in any area. Identification ofprospect properties will involve strategic targeting to Tier 2 and Tier 3 areas of greatest need, with secondary emphasis onidentifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.This will be the City&rsquos primary NSP program for benefiting households at or below 50% of median income. Propertiescould be purchased for the City&rsquos own portfolio or the City could assist non-profit or for-profit partners in acquisition andrehabilitation. The form of the City&rsquos assistance will be subordinated mortgages. The City will make every effort toleverage these loans with FHA or other first mortgages, tax credit proceeds (where possible) and other subordinate financingsuch as AHP, state funds and its own subordinate mortgage financing. Rental and occupancy agreements will be enforcethrough deeds of trust, covenants running with the property, deed restrictions or other mechanisms approved by HUD, in orderto ensure continued affordability that will, at a minimum, meet the HOME standard: Per-unit NSP Assistance MinimumAffordability Period <= $15,000 5 years $15,001 - $40,000 10 years > $40,000 15 years


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bydeveloping a three-tiered approach that is consistent with the Community Development goals of the Consolidated Plan.Drawing from the information contained within this section, Map 1-4 in the City of Phoenix NSP Substantial Amendmenthighlights those Zip Codes that have been determined to constitute &lsquoareas of greatest need, distinguished by the threetiers of targeting that the City will adopt to address such a widespread problem. Identification of prospect properties will involvestrategic targeting to Tier 2 and Tier 3 areas of greatest need defined elsewhere in the Action Plan, with secondary emphasis

Rehab of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:


$0.00$0.00COP-Housing Dept

$0.00$0.00Park Lee LLC

56

on identifying distressed properties that offer opportunities for affordable housing for households at or below 50% AMI in Tier 1.

The Park Lee Apartments is a city instrumentality-owned multifamily complex located at 1600 W. Highland Avenue, totaling 523units on approximately 32 acres. A LLC instrumentality of the City purchased the property in December 2009 and plansextensive rehabilitation using $6,000,000 of NSP funds, with additional funding coming from GO Bond funds loaned by the City.The City acquired the note from the U.S. Department of Housing and Urban Development and HUD is in concurrence with theprocurement and loan process as outlined by the City. City staff has completed inspections on all units and has developed a rehabilitation scope of work for the property, whichincludes both interior and exterior items. A general contractor has been procured and a contract awarded to CalienteConstruction. The construction contract was executed by both parties on October 29, 2010 and the Notice to Proceed was alsoissued on October 29, 2010. Rehab work will be conducted in phases with work beginning on the first phase, Block 1, inNovember 2010. Residents will be temporarily relocated to other similar units on the property. Interior and exterior rehabilitation has begun on Blocks 1, 2 and 18. Blocks 1 and 2 consist of three buildings totaling 64 unitsthat run from the SW corner of Hazelwood and 15th Avenue, north along 15th Avenue. Block 18 consists of the 5 acre parcel inthe center of the project that houses the Clubhouse, Office, swimming pools, main laundry building and playground. The goal isto have these three blocks turned over to the property manager by February 15, 2011. All current residents located on theproperty will be moved into the units in Blocks 1 and 2 to facilitate the rehabilitation of the remaining Blocks. With thecompletion of the units in Blocks 1 and 2, the schedule is to have each succeeding Block completed in a time-frame of 5 to 6weeks. The anticipated completion date of the total project is December 2011/January 2012. The complex had severely deteriorated from its former charm and appeal and become a blight on the neighborhood until theCity purchased in December 2009. The Housing Department has worked closely with the Police and Neighborhood ServicesDepartments to ensure that the property is safe and secure as well as to engage the residents and surrounding neighbors in theplans for revitalizing the property. Several neighborhood and resident meetings have taken place to discuss the plans for theproperty. Through these efforts, the Housing Department is preserving Park Lee&rsquos affordability and positive contributionto the community. At least 50% of the units at the Park Lee Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income.



Activity Locations




Total Total



Total Total





57




58



Benefit Type:

Overall

$2,820,250.00

NSP Only - LH - 25% Set-Aside COP-NSD


Match Contributed

$2,820,250.00

N/A

$0.00

$0.00

$2,820,250.00

$0.00


National Objective:


Activity Status:



Projected End Date:



NSP4R-REHRoyalS-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$0.00






Rehabilitation of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:


$0.00$0.00COP-NSD

59

On November 4, 2009, the Phoenix City Council awarded NSP funds of up to $3,892,000 to Arizona Housing Inc. for theacquisition and rehabilitation of the Royal Suites Apartments. The Royal Suites Apartments will provide permanent housing fora special needs population, serving formerly homeless men, women and small families below 50% of area median income with15 studios at 475 square feet, 25 studios at 525 square feet, and 13 1-bedroom units at 605 square feet. Ten percent of theunits, at least eight (8) apartments, will be accessible for persons with disabilities. Arizona Housing Inc. is proposing substantialrehabilitation of the Royal Suites Apartments incorporating numerous green strategies including insulation of exterior walls,double paned windows, Energy star rated appliances, and water conserving landscaping. Arizona Housing Inc. (AHI) executed a purchase sales agreement with the REO seller in June 2010 for the proposed site at10421 N. 33rd Ave. The City of Phoenix Housing Department prepared loan agreements which were executed by AHI inAugust 2010. The acquisition of Royal Suites obligated $1,034,550 in NSP funds, which reflects the requirement for onepercent below appraised value. The remaining funds have been obligated for rehabilitation based on the scope of work andcost estimates provided by the developer. AHI performed all of their due diligence activities and acquired the property on November 23, 2010. AHI has also procured anarchitectural firm, Architectural Resource Team, Inc. Site surveys and as-built drawings are complete. Schematic rehab plansare in progress with a full permit package expected to be submitted to the City in mid March 2011. Once plans are approved,AHI will procure a general contractor with construction expected to begin in mid June 2011. AHI will submit an application tothe Federal Home Loan Bank in March for additional funding for the project. All 80 units at Royal Suites will serve households at or below 50% of area median income. Multi family projects in Program 4will satisfy the HUD requirement to use 25% of the funds to benefit households at or below 50% of area median income.



Activity Locations







Total Total




60



Benefit Type:

Overall

$2,710,438.00



Match Contributed

$2,710,438.00

N/A

$0.00

$0.00

$2,710,438.00

$115,332.00


National Objective:


Activity Status:



Projected End Date:



NSP4R-REHSummit-LH25

$115,332.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$115,332.00



$115,332.00






Rehab of MF Rental HousingActivity Title:

Project Number:

NSP4

Project Title:


$115,332.00$115,332.00COP-Housing Dept

61

The Summit Apartments is a multifamily apartment complex located at 12830 N. Paradise Village Parkway West, Phoenix, AZ85032, totaling 206 units on approximately 9 acres. A City of Phoenix instrumentality will acquire and rehabilitate the SummitApartments. The complex was acquired from HUD through a foreclosure sale on December 30, 2010. A property managerwas procured and selected through a Request for Proposals process. NSP funding of $4 million will be utilized for rehabilitation. It is also anticipated that an application to HUD will be submitted forapproval to develop the Summit Apartments as an Operating Subsidy Only Mixed Finance Development project, with ananticipated set aside and allocation of approximately 25% of the units as public housing units from the City&rsquos ACCreserve. Loan agreements with the instrumentality were executed in September 2010. A Capital Needs Assessment of the property wasconducted and the rehabilitation scope of work is expected to include energy efficient items such as new HVAC units, doors,and windows. Dilapidated landings on the property will be replaced as well as other items to bring buildings up to date withcurrent code requirements. The procurement process for an architect and a general contractor is underway, with the selectedcontractor expected to begin work in Summer 2011. At least 50% of the units at the Summit Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income.



Activity Locations







Total Total




62



Benefit Type:

Overall

$789,562.00

NSP Only - LMMI COP-Housing Dept


Match Contributed

$789,562.00

N/A

$0.00

$0.00

$789,562.00

$0.00


National Objective:


Activity Status:



Projected End Date:



NSP4R-REHSummit-LMMI

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009


$0.00



$0.00






Rehab of MF RentalActivity Title:

Project Number:

NSP4

Project Title:


$0.00$0.00COP-Housing Dept

63

The Summit Apartments is a multifamily apartment complex located at 12830 N. Paradise Village Parkway West, Phoenix, AZ85032, totaling 206 units on approximately 9 acres. A City of Phoenix instrumentality will acquire and rehabilitate the SummitApartments. The complex was acquired from HUD through a foreclosure sale on December 30, 2010. A property managerwas procured and selected through a Request for Proposals process. NSP funding of $4 million will be utilized for rehabilitation. It is also anticipated that an application to HUD will be submitted forapproval to develop the Summit Apartments as an Operating Subsidy Only Mixed Finance Development project, with ananticipated set aside and allocation of approximately 25% of the units as public housing units from the City&rsquos ACCreserve. Loan agreements with the instrumentality were executed in September 2010. A Capital Needs Assessment of the property wasconducted and the rehabilitation scope of work is expected to include energy efficient items such as new HVAC units, doors,and windows. Dilapidated landings on the property will be replaced as well as other items to bring buildings up to date withcurrent code requirements. The procurement process for an architect and a general contractor is underway, with the selectedcontractor expected to begin work in Summer 2011. At least 50% of the units at the Summit Apartments are planned to be below 50% of area median income, with the remainingunits planned below 120% of area median income. Multi family projects in Program 4 will satisfy the HUD requirement to use25% of the funds to benefit households at or below 50% of area median income.



Activity Locations







Total Total




64



Benefit Type:

Overall

$852,729.00



Match Contributed

$852,729.00

N/A

$0.00

$0.00

$852,729.00

$852,633.00


National Objective:


Activity Status:



Projected End Date:



NSP5A-ACQ

$22,921.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

Area Benefit

$814,061.00



$0.00



The City or designee will purchase foreclosed or abandoned properties to address the most critical properties within specific,defined LMMI areas of greatest need, where rehabilitation of existing structures is not economic and/or the market will notabsorb residential units in the near term. Disposition goals will be to demolish blighted structures where necessary, but to theextent practicable to return foreclosed residential properties to productive occupancy as soon as possible, while supportingstability in the real estate market. Rental and ownership properties would be rehabilitated and/or redeveloped in keeping withtheir physical condition, neighborhood strengths and expectations as well as market readiness. Reuse and redevelopment ofproperties purchased will be carried out pursuant to the alternative requirements for land banking and with a re-use that isconsistent with community development strategies and plans. Demolition and redevelopment activities will be undertaken insupport of neighborhood stabilization efforts, with re-use in keeping with community development strategies and plans.Performance measures reported in NSP5D-DEM.


The City of Phoenix has established areas of greatest need pursuant to Section 2301 (b)(4)(2) of the Housing and EconomicRecovery Act (HERA) of 2008, with priority emphasis given to the factors described in this report: 1) Areas in Phoenix havingthe greatest percentage of home foreclosures; 2) Areas in Phoenix with the highest percentage of homes financed by asubprime mortgage -related loan; and, 3) Areas in Phoenix likely to face a significant rise in the rate of home foreclosures. Asdiscussed further in the City of Phoenix NSP Substantial Amendment, the NSP strategy to use and distribute funds to areas ofgreatest need will respond to large areas of the city with significant foreclosure rates and widespread foreclosure risk factors bytargeting NSP1 program resources to limited geographic areas. The City will align the NSP1 target areas with the NSP2 targetarea boundaries. This increased focus on targeting is intended to produce greater strategic impact from the investment of NSP1 and NSP2funds, and will also simplify administration.


Acquisition for DemolitionActivity Title:

Project Number:

NSP5

Project Title:

Demolition - Blighted Structures

$852,633.00$0.00COP-NSD

65

Fifteen properties have been acquired and 12 have been demolished. We expect the remaining 3 to be demolished by the endof this quarter. During the last quarter we demolished a 52 unit foreclosed and abandoned property adjacent to a mass transitstation and held a community celebration event that drew a crowd of residents and media. The property had been on the SlumTask Force list and was the source of over 27% of all calls for police for the area. The green demolition was completed inNovember, recycling 75.3% of the materials. The project employed 32 workers over the 8 week project. Performance measures are reported in NSP5D-DEM. The measures in this activity are corrected by subtracting the previouslyreported numbers, which were added in error at the beginning of the program.


Activity Locations







Total Total

0/0# of Properties -8

0/0# of Parcels acquired voluntarily -4


Total Total





66



Benefit Type:

Overall

$263,246.00



Match Contributed

$263,246.00

N/A

$0.00

$0.00

$263,246.00

$75,757.00


National Objective:


Activity Status:



Projected End Date:



NSP5A-PHX

$20,319.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$75,757.00



$20,319.00








Project Number:

NSP5

Project Title:


$75,757.00$20,319.00COP-NSD

67

This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP5D-DEM.


Activity Locations







Total Total




Total Total




68



Benefit Type:

Overall

$39,763.00

NSP Only - LMMI ROI


Match Contributed

$39,763.00

N/A

$0.00

$0.00

$39,763.00

$17,100.00


National Objective:


Activity Status:



Projected End Date:



NSP5A-ROI

$475.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$17,100.00



$475.00







Project Number:

NSP5

Project Title:


$17,100.00$475.00ROI

69

ROI provides real estate services in support of the acquisition and demolition activities in the target areas by researching andevaluating specific properties identified by several sources including the dedicated code enforcement staff in those areas.



Activity Locations







Total Total




Total Total




70



Benefit Type:

Overall

$506,732.00



Match Contributed

$506,732.00

N/A

$0.00

$0.00

$506,732.00

$280,672.00


National Objective:


Activity Status:



Projected End Date:



NSP5D-DEM

$177,497.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

Area Benefit (Census)

$271,506.00



$237,406.00

Clearance and Demolition Under Way


The City or designee will purchase foreclosed or abandoned properties to address the most critical properties within specific,defined LMMI areas of greatest need, where rehabilitation of existing structures is not economic and/or the market will notabsorb residential units in the near term. Disposition goals will be to demolish blighted structures where necessary, but to theextent practicable to return foreclosed residential properties to productive occupancy as soon as possible, while supportingstability in the real estate market. Rental and ownership properties would be rehabilitated and/or redeveloped in keeping withtheir physical condition, neighborhood strengths and expectations as well as market readiness. Reuse and redevelopment ofproperties purchased will be carried out pursuant to the alternative requirements for land banking and with a re-use that isconsistent with community development strategies and plans. Demolition and redevelopment activities will be undertaken insupport of neighborhood stabilization efforts, with re-use in keeping with community development strategies and plans.




DemolitionActivity Title:

Project Number:

NSP5

Project Title:


$280,672.00$237,406.00COP-NSD

71

Fifteen properties have been acquired and 12 have been demolished. We expect the remaining 3 to be demolished by the endof this quarter. During the last quarter we demolished a 52 unit foreclosed and abandoned property adjacent to a mass transitstation and held a community celebration event that drew a crowd of residents and media. The property had been on the SlumTask Force list and was the source of over 27% of all calls for police for the area. The green demolition was completed inNovember, recycling 75.3% of the materials. The project employed 32 workers over the 8 week project.


NAPhoenix415 E Puget 85020

NAPhoenix2742 E Atlanta Ave 85020

NAPhoenix8817 N 2nd St 85020

NAPhoenix720 N 12th St 85006

NAPhoenix2534 E Chipman Rd 85020

NAPhoenix1145 E Pierce Ave 85006

NAPhoenix2421 E Tamarisk Ave 85040

NAPhoenix422 E Las Palmaritas Dr 85020

NAPhoenix2450 E Wier Ave 85040







Total Total



Total Total





72



Benefit Type:

Overall

$87,749.00



Match Contributed

$87,749.00

N/A

$0.00

$0.00

$87,749.00

$47,196.00


National Objective:


Activity Status:



Projected End Date:



NSP5D-PHX

$4,202.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

$47,196.00



$4,202.00

Clearance and Demolition Under Way





DemolitionActivity Title:

Project Number:

NSP5

Project Title:


$47,196.00$4,202.00COP-NSD

73

This activity reflects expenses associated with the project, incurred by the city, including implementation staff. Performancemeasures are reported in NSP5D-DEM.



Activity Locations







Total Total



Total Total




74



Benefit Type:

Overall

$1,354,164.00



Match Contributed

$1,354,164.00

N/A

$0.00

$0.00

$1,354,164.00

$359,159.00


National Objective:


Activity Status:



Projected End Date:



NSP5P-PS

$30,979.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

Direct Benefit (Persons)

$359,159.00



$77,470.00

Public services Under Way


The City or designee will purchase foreclosed or abandoned properties to address the most critical properties within specific,defined LMMI areas of greatest need, where rehabilitation of existing structures is not economic and/or the market will notabsorb residential units in the near term. Disposition goals will be to demolish blighted structures where necessary, but to theextent practicable to return foreclosed residential properties to productive occupancy as soon as possible, while supportingstability in the real estate market. Rental and ownership properties would be rehabilitated and/or redeveloped in keeping withtheir physical condition, neighborhood strengths and expectations as well as market readiness. Reuse and redevelopment ofproperties purchased will be carried out pursuant to the alternative requirements for land banking and with a re-use that isconsistent with community development strategies and plans. Demolition and redevelopment activities will be undertaken insupport of neighborhood stabilization efforts, with re-use in keeping with community development strategies and plans.




Public ServicesActivity Title:

Project Number:

NSP5

Project Title:


$359,159.00$77,470.00COP-NSD

75

Five HUD-certified nonprofit housing counseling agencies are under contract to provide counseling services to potential NSPbuyers. These agencies provide the required homebuyer education, one-on-one counseling and refer to the loan administrator.Their fees are charged to the public service activity until the clients have closed escrow on a home. At that time the expense ischarge as a program delivery expense and deducted from the public service activity. CHRA, also a HID-certified nonprofithousing counseling agency, has been contracted to provide laon administration services to NSP buyers. Their fees are chargedto the public service activity until the clients have closed escrow on a home. At that time the expense is charge as a programdelivery expense and deducted from the public service activity.


Activity Locations






No Accomplishments Performance Measures found.

Accomplishments Performance Measures



0 0/200 0/400 1069/800# of Persons benefitting 0 1069 0.00

76



Benefit Type:

Overall

$3,389,399.00

N/A COP-NSD


Match Contributed

$3,389,399.00

N/A

$0.00

$0.00

$3,389,399.00

$2,024,782.00


National Objective:


Activity Status:



Projected End Date:



NSP6-PHXADM

$135,819.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

03/11/2013

$0.00

To Date

03/11/2009

N/A

$2,024,782.00



$136,089.00

Administration Under Way


NSP funds will be used to pay reasonable program administration costs related to the planning and execution of the activitieslisted previously. This includes costs related to staffing for overall program management, coordination, monitoring, andreporting.


The administrative offices of the City of Phoenix, 200 and 251 W. Washington Street, Phoenix, AZ

NSP funds were used to pay reasonable program administration costs related to the planning and execution of the activitieslisted previously. This includes costs related to staffing for overall program management, coordination, monitoring, andreporting.


NSP6-AdministrationActivity Title:

Project Number:

NSP6

Project Title:

Administration and Planning

$2,024,782.00$136,089.00COP-NSD

No Accomplishments Performance Measures found.

Accomplishments Performance Measures



77


Activity Locations






78

grantee: phoenix, az grant: b-08-mn-04-0505 october 1 ......grant number: b-08-mn-04-0505 grantee...

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