CPLC NSP2 Program

3/21/2012

04/22/2023 3

Timeline /BackgroundNSP – Neighborhood Stabilization Program

Established for purpose of stabilizing communities hard hit by foreclosure/abandonment

NSP1 NSP funds authorized under Title III of the Housing and Economic Recovery

Act (HERA) of 2008 NSP1 provides grants to all states and local governments on a formula basis $3.92 Billion awarded to 309 grantees

NSP2 NSP funds authorized under the American Recovery and Reinvestment Act (ARRA) of 2009 Provides grants to states, local governments and nonprofits under a competitive basis $1.93 Billion awarded to 56 grantees; included 33 regional consortiums and 4 National Consortiums

NSP3 NSP funds authorized under the Dodd-Frank Wall Street Reform and Consumer Protection Act of

2010 Provides a third round of neighborhood stabilization grants to all states and select governments on a

formula basis $1.00 Billion to 270 grantees / governmental agencies

NSP4??? Recapture of unexpended funds? Project Rebuild sponsored by HUD as part of Jobs Act

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CPLC NSP2 Background Consortium - 13 nonprofit agencies

CPLC Lead Member NALCAB subrecipient

NSP2 Program 10% Administration 5 eligible activities

Purchase/Rehab Resell foreclosed properties Facilitate Financing Mechanisms Redevelopment of vacant properties Landbanking Demolition of blighted structures

25% of total grant must meet LH25 National Objective Only proposed census tracts eligible for NSP2 expenditure Approximately 2100 total units to be acquired and put back via eligible use CPLC in Arizona largest funded member at $32.9Million

Only member performing all five eligible activities

NSP2 NATIONAL COALITION LOCATIONS

CHISPA - $3.52M

NEW - $24.7M

CPLC ($32.9M)

CRHDC - $12.5MDel Norte - $10.3M

El Paso CUSO - $2.7M

CDCB - $4.5M

AHSTI - $2.9M

TRP - $13.9M

Norris Square – $9.2M

Mi Casa – $7.5M

TDS - $5.9M

YES - $2.3M

Who’s in our Consortium?Grantee Total Grant AwardedChicanos Por La Causa (CPLC) - Arizona $32,866,724

New Economics for Women (NEW) $24,728,460

The Resurrection Project (TRP) $13,865,485

Community Resources and Housing Development Corporation (CRHDC)

$12,494,074

Del Norte Neighborhood Development $10,263,440

Norris Square Civic Association (NSCA) $9,182,727

Mi Casa $7,477,566

Tierra del Sol $5,895,000

Community Development Corporation of Brownsville (CDCB)

$4,450,000

Community Housing Improvement Systems and Planning Association (CHISPA)

$3,520,000

Affordable Homes of South Texas (AHSTI) $2,902,000

El Paso Credit Union Service Organization (EPCUSO)

$2,680,000

Yes Housing $2,285,990

How are we Doing within our Consortium?(as of 11/07/2011)

Grantee % Expended

Del Norte 79%

CHISPA 76%

CRHDC 71%

CPLC AZ 67%

TDS 66%

NEW 63%

YES 61%

AHSTI 39%

CDCB 28%

MI CASA 20%

NSCA 13%

TRP 11%

EPCUSO 4%

Total: 52%

Grantee $ ExpendedCPLC AZ $22,146,344

NEW $15,535,943

CRHDC $8,916,275

Del Norte $8,081,644

TDS $3,885,594

CHISPA $2,663,046

MI CASA $1,488,513

TRP $1,485,489

YES $1,384,160

NSCA $1,222,366

CDCB $1,246,445

AHSTI $1,131,402

National Administration $2,212,966

Total: $71,509,157

NATIONAL NSP2 HIGHLITES CPLC/NALCAB Consortium is #1 dollar-expended

NSP2 Grantee in the nation

Average market value of NSP resale single family home = 15% higher than acquisition price*

Approximately 18-19% of all jobs created to date have been Section 3 jobs

CPLC/NALCAB anticipates that approximately 1500 jobs nationwide will be created as a result of our NSP2 Program

*Based on a sample size of 50 resold NSP homes

Average market value of NSP resale single family homes in Maricopa County = 16% and Santa Cruz County =14% higher than acquisition price*

Approximately 35% of all jobs created to date have been Section 3 jobs

CPLC/NSP2 anticipates that approximately 55 Section-3 jobs throughout AZ will be created as a result of our NSP2 Program

Currently15 Construction Contracts ranging from $45 to $33,000 per contract

ARIZONA NSP2 HIGHLITES

Arizona NSP2: Activity Level ProductionActivity Budget Unit

GoalUnits

PurchasedUnits Sold or Rented

Single Family $12,927,848 233(35 rentals)

126 36 Sold-201148 Currently under contract

Multifamily $12,750,000 750 400 200

Landbanking $2,750,000 108 2(several properties under

contract)

0

Demolition $1,080,000 108 1 n/a

Redevelopment $250,000 3 1 0

Rent 33 2 14 Units (12) 2 Duplexes

www.cplc.org 3/19/12

Where have we Purchased in Arizona? Aerial Maps show acquisitions

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Major Objectives

50% Expenditure has been met!! Push to 75% by February 2012 Push for National Objective Goals

LH25 (Sales and rentals to very low income buyers/tenants)

Section 3 / job creation

What’s Next? CPLC through our NSP2 engagement is

demonstrating a successful implementation for placing foreclosed, vacant and/or abandoned homes back into “productive” use.

CPLC is demonstrating its capability as an asset manager (responsible for disposition of foreclosed properties)

CPLC is positioning itself through its NALCAB association as a legitimate scattered site rental manager.

WINSTON TEASE AND KAREN WILLIAMS

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