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NOTICE OF PUBLIC COMMENTING PERIOD
On May 4, 2009, HUD released a Notice of Fund Availability (NOFA) for the Neighborhood Stabilization Program 2 under the American Recovery and Reinvestment Act, 2009. A total of $1.93 billion in NSP2 funding is available nationally to carry out neighborhood stabilization programs. NSP2 funds will be awarded through competitions whose eligible applicants include states, units of general local governments, nonprofits, and consortia of nonprofits. The deadline for applications is July 17, 2009.
HUD’s Description, Neighborhood Stabilization Program 2:
The purpose of the Neighborhood Stabilization Program is to assist in the redevelopment of abandoned and foreclosed residential properties. All activities funded under the program must be used to provide benefits to individuals and families whose incomes do not exceed 120% of the median income. At least 25% of the grant must be expended on eligible activities that will provide housing for persons or families whose income is at or below 50% of the area median income. NSP eligible activities include: A) creation of financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties; B) purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon in order to re-sell, rent or redevelop; C) establish land banks for homes that have been foreclosed upon; D) demolish blighted structures; and E) redevelop demolished or vacant properties.
Proposed Program Activities:
The Community Development Commission of Mendocino County and Building Better Neighborhoods will apply for an estimated total amount of $ 6,985,000 for its Foreclosed Homes Purchase & Resale Program under the NSP-2 program. (Census tracts 0001, 0003, 0004, 0005, 0006, 0007, 0009, 0013, 0014). Activities include the following:
* Acquisition, rehabilitation and resale of single-family residential properties: Funds will be utilized to acquire, rehabilitate and sell foreclosed or vacant properties in the census tracts of 0001, 0003, 0004, 0005, 0006, 0007, 0009, 0013, 0014. Funding request- $5,000,000 * Green building and Energy Efficiency retrofit Program: Funds will be utilized to improve the energy efficiency and green features of all buildings rehabilitated under this plan. Funding requested- $750,000 * Down payment and housing counseling assistance: Funds will be utilized for down payment assistance ($30,000 maximum per household) and homeownership education/credit counseling required under NSP 2 program. Funding request- $600,000 * General Administration and Planning Costs: The Community Development Commission is proposing to utilize 10% or $to plan and implement the NSP 2 Program over a period of 3 years. Funding request- $635,000
A draft plan of the NSP 2 application will be available on the Community Development Commission Website at:
www.cdchousing.org/nsp2 on July 7, 2009.
Comments relative to proposed application should be provided in writing and addressed
to Craig Schlatter, Program Manager- NSP 2, Community Development Commission of Mendocino County/Building Better Neighborhoods, 1076 N State St Ukiah, CA 95482 or emailed to
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The 10 day comment period begins July 7, 2009 and will close July 16, 2009.
Persons with disabilities needing a reasonable accommodation to effectively participate in this public comment period should contact Craig Schlatter, Program Manager-NSP 2, Community Development Commission of Mendocino County, 1076 N State St Ukiah, CA 95482 (707) 463-5462 or TDD (707) 463-5697.
Non-Discrimination: The Community Development Commission and Building Better Neighborhoods will not discriminate against any individual or group because of race, sex, religion, age, national origin, marital status or handicap. |
