Overview
NSP2 MIAMI-DADE NSP CONSORTIUM
Comments are welcome and should be submitted to the following email address: nhssfnsp2@yahoo.com
Six nonprofit organizations in
The Consortium is targeting the completion of 1,255 units of rental and homeownership housing, with potential to roll over funds to an additional 116 units, in census tracts with the greatest need in the cities of Miami Gardens, North Miami, North Miami Beach and Opa-locka, the neighborhoods of Liberty City, Little Haiti, Little River and Overtown in the City of Miami and the neighborhoods of Brownsville, Model City/Liberty City and West Little River in unincorporated Miami-Dade County. The Consortium has identified census tracts to more specifically define the targeted neighborhoods. Consistent with the purposes of the NSP program, these are neighborhoods that are in decline (or further decline) due to the negative effects of a high number and percentage of homes that have been foreclosed upon.
The nonprofit members of the Consortium have been active in these neighborhoods for many years. Over the past two years, they have completed almost 750 units of rental and homeownership housing, have provided counseling and homebuyer education to nearly 2,300 families, resulting in over 260 new homeowners and originated mortgage financing for 97 homeowners.
In these targeted neighborhoods, the Consortium will implement a neighborhood stabilization and revitalization strategy that will seek to meet the primary objective of the CDBG and NSP programs of providing decent housing, a suitable living environment, and economic opportunity, principally for persons of low, moderate and middle-incomes. The NSP2 funds will assist in addressing the housing component of this strategy. Specific short-term outcomes in the targeted neighborhoods the Consortium seeks to accomplish include the following:
• Physical improvements to deteriorated, occupied
or partially occupied residential property eliminating the potential for
dislocation of residents
• Reduction or elimination of
vacant and abandoned residential property
• Increase in availability and
quality of housing affordable to persons of low, moderate and middle-incomes,
and
• Arrest decline in home values based on average sales price and/or increased appraised values.
Specific long-term outcomes in the targeted neighborhoods the Consortium seeks to accomplish include the following:
• Long-term affordability of
housing for persons of low, moderate and middle-incomes
• Continued, long-term, high
quality maintenance of affordable housing, and
• Increased median market values of real estate.
The Consortium will strive to achieve these outcomes in coordination with other government agencies and programs. Consistent with the NSP2 emphasis, we seek a more rational use of land and other natural resources and the better arrangement of residential, commercial, industrial, recreational, and other uses. We will seek to conserve energy resources, improve energy efficiency, and utilize alternative and renewable energy sources. We will seek to make our developments sustainable and transit-oriented. We will support projects that optimize economic activity and jobs created or retained or that will provide other long-term economic benefits.
To achieve these outcomes, the Consortium will undertake the following activities.
• Purchase and rehabilitate
homes and residential properties that have been abandoned or foreclosed upon,
to redevelop and sell or rent
• Provide soft, subordinate
mortgages to homebuyers of redeveloped units
• Provide counseling and
homebuyer education to each family purchasing a home
• Redevelop demolished or vacant properties as housing
The Consortium will meet NSP income targeting requirements serving persons earning at or below 120% Area Median Income (AMI) with at least 25% of the funds serving individuals and families with incomes at or below 50% AMI. We expect to achieve deeper income targeting than required with a high percentage of funds serving persons earning at or below 80% AMI and by producing units serving as low as below 30% AMI.
Specifically, the requested funds will be targeted to the NSP–eligible activities as follows.
|
Proposed NSP2 Activity |
Proposed Budget |
Responsible Entities |
|
(A) Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties, including such mechanisms as soft-seconds, loan loss reserves, and shared-equity loans for low- and moderate-income homebuyers |
$0 |
|
|
(B) Purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties |
$58,100,000 |
Carrfour, LHHA, NHSSF, OLCDC, SJCDC |
|
(C) Establish land banks for homes and residential properties that have been foreclosed upon |
$0 |
|
|
(D) Demolish blighted structures |
$0 |
|
|
(E) Redevelop demolished or vacant properties as housing |
$27,625,000 |
Urban League SJCDC |
|
Administration |
$3,650,000 |
NHSSF |
|
TOTAL REQUEST |
$89,375,000 |
|
NOTE: Some funds used to purchase and rehabilitate homes under (B) will remain with the units as second mortgage financing for homebuyers. Some funds will roll over to purchase and rehabilitate additional units. The rolled over funds may then remain with the units as second mortgage financing for the homebuyers of the additional units.
The Consortium members will utilize other funds to augment these activities in our neighborhood stabilization and revitalization strategy. Additional activities with other funds can include commercial and economic development, business assistance, non–NSP housing development, improvement of owner occupied homes, housing counseling for residents purchasing non-NSP funded homes, foreclosure prevention, tenant case management, employment services, life skills training, drug and alcohol recovery support and after-school care.
In compiling the
application, the Consortium has coordinated, and will continue to coordinate
throughout the implementation, with
NHSSF NSP2 Consortium
Target Geography Census Tracts
Notes:
The Column headings “Fully Contained” and “Partially Contained” refer to whether the tracts are fully or partially contained in the City or CDP. Census Tracts identified are fully contained in the Consortium target geography. Some tracts are partially contained in two Cities or CDPs and show more than once on the list.
|
City or CDP Name |
Fully Contained |
Partially Contained |
|
|
17.02 18.03
|
17.01* 18.01* 18.02* |
|
Carol City CDP
|
100.02, 100.05, 100.06 100.07, 100.09, 100.10 94 |
|
|
El Portal Village |
|
10.06* |
|
Gladeview CDP |
|
10.04*, 15.02*, 9.03* |
|
Golden Glades CDP
|
3.01, 3.02
|
2.04*, 2.05*, 2.09*, 2.10*, 3.04*, 3.05*, 3.06*, 4.01*, 4.03*, 4.05* |
|
Ives Estates CDP |
98.01 |
98.02* |
|
|
100.01 |
99.04* |
|
|
14.01, 14.02 15.01 19.01, 19.03, 19.04 20.01, 20.03, 20.04 22.01, 22.02, 23 26 28 31 34 36.01 |
10.02*, 10.04*, 10.06* 12.02* 15.02* 18.01*, 18.02*
|
|
Norland CDP
|
96 99.02 |
2.03* 2.04* |
|
Other Tracts not in CDPs, identified by OLCDC |
95.02 99.01, 99.03 4.02 ( |
|
|
|
2.08
|
2.09*, 2.10*, 3.04*, 3.05*, 3.06* 4.01*, 4.05* |
|
|
2.06
|
2.01*, 2.02*, 2.03*, 2.04*, 2.05* 4.01* |
|
Opa-locka city
|
|
4.01*, 4.03* 5.02*, 5.03* |
|
Opa-locka |
5.01 |
|
|
Pinewood CDP |
10.05 |
4.06*, 4.07*, 4.08* |
|
West Little River CDP
|
9.01 10.03
|
10.02*, 10.06*, 4.07*, 4.08* 9.02* |
|
Westview CDP
|
4.04
|
4.05*, 4.07*, 4.08* 5.03* |
• A * next to the City or CDP means that the census
tract number is not fully contained within that City/CDP.
• To match with the tract foreclosure info sheet
simply drop the decimal point and add to the left the number of 0’s
necessary for the tract to be 6 digits.
• Example in
• If the tract number for a City of CDP is a 2 or
3 digit number with no decimal point then first add 00 at the end of the number
and then add the 0’s necessary to convert it to a 6 digit number example
104 will be 010400.