grantee: phoenix, az grant: b-09-cn-az-0050 january 1 ... nsp2 qpr.pdf · january 1, 2018 thru...

January 1, 2018 thru March 31, 2018 Performance Report

B-09-CN-AZ-0050Grant:

Phoenix, AZGrantee:

1

Community Development SystemsDisaster Recovery Grant Reporting System (DRGR)

Grant Number:B-09-CN-AZ-0050

Grantee Name:Phoenix, AZ

LOCCS Authorized Amount:$60,000,000.00

Estimated PI/RL Funds:$27,613,243.68

Obligation Date: Award Date:

Contract End Date:Submitted - Await for Review

Review by HUD:

Total Budget:$87,613,243.68

Disasters:

NSP

Declaration Number

NarrativesExecutive Summary:

December 2017 In response to FLAGS in DRGR many activities were updated. Addditionally program income receipted since the last action plan was added toavailable funds and budgeted. New PROJECTED CLOSE DATES were reported in: ADM; MF-WestEnd-LH25; SantaFe-LMMI; MF-SantaFe-OperatingDeficitReserve; SF-MIR-HoCos; SF-MIR-MAN-LMMI; SF-MIR-NHS-LMMI; SF-RED-SPV-PHX. Remaining funds were swept andPROJECTED CLOSE DATES were reported in: SF-MIR-ACQ-LMMI; SF-MIR-FSL-LMMI; SF-RED; SF-RED-HoCos; SF-RED-PHX. Additional funds were budgeted and PROJECTED CLOSE DATES were reported in: SF-MIR-PHX; SF-RED-SPV. Several activities will beclosed in the next QPR. September 2016Budgets were adjusted to cover draws in the SF-ACQ for DEMO and SF-DEMO activities. Excess funds were moved to activities in the sameeligible use. Budgets were adjusted to cover draws in the SF-MIR-ACQ-LMMI and SF-MIR-NHS-LMMI activities. Both are in the MIR project. A new activity, SF-RED-SPV-PHX, was created in the Redevelopment project. Excess funds swept from SF-ACQ for DEMO and newavailable program income was budgeted to the Redevelopment activity: they were added to SF-RED-SPV and SF-RED-SPV-PHX.December 2015The benefit type to the following activities was changed from Direct Benefit (Households) to Area Benefit as requested by HUD staff: SF-DEMO SF-DEMO-PHX SF-ACQ for DEMO SF-ACQ-PHX The changes did not meet the threshold requiring a substantial amendment andpublic comment. September 30, 2015 This action plan serves to mark several activities as completed; cancel several planned activities and consolidate the funds into one activity;add additional funds to a few ongoing activities; and reallocate unspent funds into a planned redevelopment activity. The following activitieswere completed: MF-ParkLee-LH25 MF-ParkLee-LMMI SF-ACQ for DEMO SF-DEMO SF-DEM-PHX SF-MIR-ACQ-LH25 The followingactivities were cancelled: SF-RED-Area4 SF-RED-Area5 SF-RED-Area6 Funds were added to following activities: MF-Cochise-LH25 SF-MIR-FSL-LMMI SF-MIR-HoCos SF-MIR-NHS-LMMI Reallocated unspent funds into a planned redevelopment activity: SF-RED-SPV June 18, 2015 The City of Phoenix has prepared this Action Plan to make adjustments to our NSP2 program based on program progress. Through thisAction Plan we have adjusted the allocation of dollars based on program progress to date and market changes; allocated program incomereceived to date; and made additional corrections as requested by HUD field rep to reported data. The changes did not meet the thresholdrequiring a substantial amendment and public comment. March 18, 2015 The City of Phoenix has prepared this Action Plan to make adjustments to our NSP1 program based on program progress. Through thisAction Plan we made the following changes: Adjusted the allocation of dollars based on program progress to date and market changes;Allocated program income received to date; Made corrections as requested by HUD field rep to reported data; Closed activities where workhas been completed and all funds were spent or moved. February 2, 2015Temporary project / activity to comply with pr

Active

QPR Contact:Grant Status:Chris Hallett

Grant Award Amount:$60,000,000.00

2


Executive Summary:

ogram income waiver for NSP2 grantees

Target Geography:

December 2017 No changes.***********************************************************************************September 2016 No changes.************************************************************************************************************December 2015 No changes.*************************************************************************************************************September 30, 2015 No changes.*********************************************************************************************************June 18, 2015 No changes************************************************************************March 18, 2015 No changes ************************************************************************October 20, 2014: No changes were made to target geography***********************************************************************************************************************August 20, 2013: No changes were made to target geography***********************************************************************************************************************June 2012: No changes were made to target geography***********************************************************************************************************************January 2012: No changes were made to target geography***********************************************************************************************************************December 2011: The area bounded by 7th and 10th avenues, West South Mountain Avenue and West Dobbins Road was added to the targetgeography. This area is immediately south of the original NSP2 boundary. This area received a HUD risk score of 18 under the NSP3Planning Data. ***********************************************************************************************************************September 2011: No changes were made to target geography***********************************************************************************************************************The City of Phoenix, and the consortium members, has defined the NSP2 Target Area based on HUDs foreclosure related need factor scores,a detailed market analysis, ongoing community investment initiatives, median housing values, and proximity to mass transit. More than 90%of the Target Area includes census tracts scoring 18-20 on one or both of the need factors. It contains median housing values below$200,000, and is largely populated with those earning no more than 120% of Area Median Income (AMI). The specific census tracts, needfactor scores and map are included in Appendices A and B. In addition to the Phoenix Target Area, the consortium will coordinate with otherjurisdictions in the region to address the foreclosure crisis. This may include identifying some multi-family properties in eligible tracts outsidePhoenix but within the cities of Glendale, Chandler or other areas within Maricopa County in coordination with the local jurisdiction. MarketFactors Contributing to Target Area Selection. In the first five months of 2009, foreclosures in Maricopa County are still increasing, averaging8,770 notices of trustees sale per month compared to an average of 6,280 per month for 2008. More than 45,000 foreclosure actions are sti

Target Geography:

ll pending or unresolved. The NSP2 Target Area exceeds the region in many distress factors, including: · 91% foreclosure and pre-foreclosure sales, vs. 78% in the metropolitan area · 13.3% unemployment, vs. 9.4% in Maricopa County · $78,800 median housingvalue, vs. $118,800 in the metropolitan area · 22% of all mortgages are high cost/high leverage, vs. 12% for Maricopa County · &a

Program Approach:

December 2017 No changes. September 2016 No changes.December 2015 No changes.September 30, 2015 No changes. June 18, 2015 No changesMarch 18, 2015 No changes October 20, 2014 The projects and activities proposed in the NSP2 competitive application have made an impact in the neighborhoodstargeted and resulted in stabilizing housing markets. Many of the projects of activities still have more work to be done and others arecompleted. This amendment adjusts those budgets with reallocated funds and earned program income. When the projects and activities forthe NSP2 grant were initially designed, we did not expect that market conditions and financing trends who allow for home ownership byhouseholds at 50 percent AMI and below. Both the Move-in Ready Program and Home Improvement Program have, in fact, attracted andserved these buyers, albeit in limited numbers. We are now proposing to add new activities to those projects and allocate funds already spenton LH25 buyers to serve the 25 percent aside requirement. This amendment will reallocate funds spent on Move-In Ready homes purchasedby households at 50 percent AMI or below as a part of the required 25 percent set aside as required by the NSP2 grant. The City willcontinue collaborating with community revitalization efforts to maximum impact in targeted areas. The single-family housing strategy will addfunds to existing redevelopment / reuse of vacant lots for new infill housing construction activity in areas where improvement is slower torecover from the housing crisis. Reuse and redevelopment of properties purchased will be carried out pursuant to the alternative requirementsfor land banking and with a re-use that is consistent with community development strategies and plans. Redevelopment activities will beundertaken in support of neighborhood stabilization efforts. Public Comment The purpose of the NSP grants is to address abandonedforeclosed properties through acquisition, rehabilitation, demolition, and redevelopment activities. The proposed substantial amendments willenhance continuity and consistency in the NSP program and facilitate

3


$1,088,372.53

N/A

$60,000,000.00

$40,383,438.00

$1,088,372.53

$0.00

Total Obligated

$25,269,477.41

$2,260,124.00

Total Funds Expended

Total Projected Budget from All Sources

Program Income Drawdown

This Report Period

Total Budget

$87,613,243.68

$843,212.59 $29,305,508.87

Match Contributed

Program Funds Drawdown

To Date

$85,269,477.41

$86,563,982.12

$87,613,243.68

Overall

Program Income Received

$0.00

$1,000,000.00

program implementation and reporting. Copies of the draft Substantial Amendments were available for review Friday, August 22, 2014 toMonday, September 22, 2014 at the Neighborhood Services Department, 200 W. Washington St., fourth floor, Phoenix, and on the Citywebsite athttps://www.phoenix.gov/nsdsite/Pages/Funding-Reporting.aspx In response to the request for public comment, one comment wasreceived regarding this Substantial Amendment and Substantial Amendments post concurrently for NSP2 and NSP3. The comment noted thatthere were no references in the documents for the creation of housing for people with disabilities. Staff responded with information regardingthe use of Universal Design and the allocation of dedication of units in multi-family projects. In addition, on a case-by-case basis, where moreaccommodations are needed, the program has provided wheelchair ramps, wider doorways, ADA Height toilets and altered floor plans toaccommodate a Hoyer lift and other equipment/ accessible accommodations at the sale of the property at buyer's request with fundingapproval. Further, City staff has addressed the concerns of accessibility in housing in several ways since the beginningo

Program Approach:

f the programs.

Consortium Members:

December 2017No changes.***********************************************************************************September 2016No changes.**************************************************************************************************************December 2015No changes.**************************************************************************************************************September 30, 2015No changes.************************************************************************June 18, 2015 No changes************************************************************************March 18, 2015 No changes ************************************************************************Leadership CentreNeighborhood Economic Development Corporation

How to Get Additional Information:

Chris Hallett, NSD DirectorCity of Phoenix200 W Washington, 4th FloorPhoenix, AZ 85003Telephone: 602-534-6176Facsimile: 602-534-1555E-Mail:[email protected]

$1,088,372.53 $85,269,477.41Total Funds Drawdown

Most Impacted and Distressed Expended $0.00 $0.00

4


The Phoenix Partners have drawn and expended $85,269,477 as of March 31, 2018, from NSP2, or $25.27 millionabove the original funded allocation. NSP2 funds have acquired, rehabbed and resold 254 single family homesthrough the Move In Ready program, 11 single family homes have been purchased and rehabbed through the HomeImprovement Program, 14 single family newly constructed homes have been sold through the RedevelopmentSubdivision program, and 1,036 multifamily apartment units have been rehabbed to date, turning previously vacantor foreclosed houses and rental units back into homes. In the single family Move In Ready program, 0 units were acquired, 1 unit rehabbed and 1 resold to NSP eligiblehomebuyers this quarter. Program to date, 235 units were acquired, with an additional 19 units acquired in NSP1,and 254 units have been rehabbed and 254 units have been have been resold to NSP eligible homebuyers. In the single family Home Improvement Program, 0 units were rehabbed this quarter. Program to date, 11 units thatwere purchased by NSP eligible homebuyers were rehabbed.In the multi-family project, 0 units were acquired, rehabbed and leased. Program to date, 1,036 units were acquired,rehabbed and leased. In the single family Demolition activity, 0 units were acquired and demolished this quarter. Program to date, 14properties (33 units total) were acquired and demolished. In the single family Redevelopment Subdivision program, 0 units were acquired, constructed and sold to NSPeligible homebuyers this quarter. Program to date, 14 units were acquired, constructed and sold to NSP eligiblehomebuyers. In the South Phoenix Village Infill Redevelopment project, seven new single family infill homes have been sold toeligible buyers this quarter, bringing the total number sold to 16, six Certificates of Occupancy were issued bring thistotal to 21, and had another 22 properties under contract with anticipated closings through Spring 2018.

Overall Progress Narrative:

Progress Toward Required Numeric Targets

$5,462,918.71

$0.00

Actual

Limit on Public Services

$40,383,438.00

0.00%0.00%

Overall Benefit Percentage (Projected)

$5,462,918.71

Requirement

Limit on State Admin $0.00

$0.00

Limit on Admin/Planning

$0.00

Target

$6,000,000.00

Minimum Non-Federal Match

Progress towards LH25 Requirement $21,903,310.92 $23,510,640.42

Overall Benefit Percentage (Actual)

Most Impacted and Distressed Threshold (Projected) $0.00$0.00

Project SummaryProject #, Project Title This Report Period To Date

Program FundsDrawdown

Project FundsBudgeted

Program FundsDrawdown

ADM, Administration and Planning $0.00 $6,000,000.00 $2,726,255.67

MF ACQ and REHAB Eligible Use B, Multi Family Strategies $0.00 $24,144,131.47 $21,261,491.70

NSP2 PI Waiver, NSP2 Program Income Waiver $0.00 $0.00 $0.00

SF ACQ for DEMO Eligible Use D, Acquisition for Demolition $0.00 $453,476.65 $403,309.32

SF DEMO Eligible Use D, Demolition $0.00 $453,796.42 $327,652.78

SF HIP Eligible Use B, Home Improvement Program $0.00 $1,346,067.41 $1,057,858.34

5


SF MIR Eligible Use B, Move In Ready Program $0.00 $46,782,307.64 $32,670,958.58

SF RED Eligible Use E, Redvelopment $0.00 $8,333,460.54 $1,546,473.61

SF-LandBank Eligible Use C, Land Bank $0.00 $100,000.00 $6,000.00

6


Activities

ADM / Administration and PlanningProject # / Title:

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$6,000,000.00

N/A City of Phoenix-NSD


Match Contributed

$6,000,000.00

$0.00

$0.00

$0.00

$5,995,726.00

$0.00

Total Budget

National Objective:


Activity Status:


Total Funds Drawdown

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

ADM

$26,924.48

$0.00

$26,924.48

Jan 1 thru Mar 31, 2018

Activitiy Category:

$2,736,663.04

$0.00

N/A

07/01/2020

$0.00

To Date

02/10/2010

( )

$5,462,918.71

Most Impacted and Distressed Expended

Responsible Organization:

$0.00

Administration Under Way

Activity Description:

December 2017A new projected close date of 7/1/2020 has been entered.***********************************************************************************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.

Location Description:

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

Activity Progress Narrative:

Administration & PlanningActivity Title:

Project Number:

ADM

Project Title:

Administration and Planning

$5,462,918.71$26,924.48City of Phoenix-NSD

$0.00 Program Funds Drawdown $2,726,255.67

$5,462,918.71$26,924.48Total Funds Expended

7


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 contracts,and reporting to HUD and to city and department management.

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

No Accomplishments Performance Measures

Accomplishments Performance Measures

No Beneficiaries Performance Measures found.

Beneficiaries Performance Measures

MF ACQ and REHAB Eligible Use B / Multi Family StrategiesProject # / Title:



Benefit Type:

Overall

NSP Only - LH - 25% Set-Aside Cochise Garden Apartments LLC

Total Projected Budget from All Sources $1,279,244.47

National Objective:

Activity Status:

Projected End Date:


MF-Cochise-LH25


Activitiy Category:

N/A

02/10/2015

01/01/2018

To Date

02/10/2010

Direct ( HouseHold )


Rehabilitation/reconstruction of residential structures Completed

Multi Family ACQ and REHABActivity Title:

Project Number:

MF ACQ and REHAB Eligible Use B

Project Title:

Multi Family Strategies

8


$1,279,244.47

Match Contributed

$0.00

$0.00

$0.00

$1,279,244.47

$0.00

Total Budget



Total Funds DrawdownTotal Obligated

$0.00

$0.00

$0.00 $0.47

$0.00

$0.00$1,279,244.47

Most Impacted and Distressed Expended $0.00


Cochise Garden Apartments, now renamed West Eleventh Apartments, was a bank owned, foreclosed property acquired byCochise Garden Apartments, LLC, an affiliate of Gorman and Company of Wisconsin in January 2012. The property wasoriginally constructed in 1984 and consists of 54 rental housing units. Units range from 1 bedroom, 1 baths to 2 bedrooms, 2baths. The property provides affordable housing for households at or below 50 percent of the Area Median Income. Thisactivity is for the acquisition of the Cochise Garden Apartments with LH25 beneficiaries.All 54 residential units will serve households at or below 50 percent AMI. Two units were converted to a leasing office andmaintenance facility. The Period of Affordability for this property is 30 years with rents not to exceed the HOME rentsestablished by the City of Phoenix Housing Department. The owner is required to repay the City on a cash-flow basis for aterm of 30 years with a zero percent interest rate. The developer is also leveraging the NSP funds with a private loan.Rehabilitation activities are extensive and include repair to foundational flooring; replacement of existing floor covering (carpetto vinyl); replacement of windows and doors; replacement of cabinets and countertops; replacement of plumbing (new toiletsand bath fixtures); painting of interior and exterior; accessibility for disabled persons on 5 percent of ground-floor units; andgreen strategies such as hard surface flooring, low and zero VOC adhesives, Energy Star appliances, low flow toilet andfixtures, low water use plants, and increased shade through the use of landscape screening.Acquisition and rehabilitation of this property will encourage and enable residents to utilize public transportation, shop, play, andattend school in their neighborhood. Acquisition of this project was funded in the NSP2 allocation and rehab was funded in NSP3 allocation. Per HUD direction inNovember 2014, all units will be reported in both activities.


Cochise Garden Apartments, now renamed West Eleventh Apartments, is located at 1025 West Cochise Drive, in Phoenix, AZ. The property is located within a half mile of public transportation, a park and a public school. Tract number from the NSP3Mapping Tool is 04013104502.

Activity was closed in the recent action plan.


$1,279,244.47$0.00City of Phoenix-HD

$0.00$0.00Cochise Garden Apartments LLC

Accomplishments Performance MeasuresThis Report Period Cumulative Actual Total / Expected

Total Total

1/0# of Properties 0

This Report Period Cumulative Actual Total / Expected

Total Total

54/54# of Housing Units 0

54/54# of Multifamily Units 0


$1,279,244.47$0.00Total Funds Expended

9


Activity LocationsAddress County State ZipCity Status / Accept






Beneficiaries Performance MeasuresThis Report Period Cumulative Actual Total / Expected

Low Mod Total Low Mod Total Low/Mod

0 54/54 0/0 54/54# of Households 0 0 100.00

0 54/54 0/0 54/54# Renter Households 0 0 100.00

Address Support Information1025 W Cochise Dr, Phoenix, Arizona 85021Address:

Completed

Property Status: Affordability Start Date:

12/31/2012

Affordability End Date:

12/31/2042

Description of Affordability Strategy:

resale

Activity Type for End Use:

Rehabilitation/reconstruction of residential 12/31/2042

Projected Disposition Date: Actual Disposition Date:

Deadline Date:

02/11/201312/31/2012NSP Only - LH - 25% Set-Aside

Date National Objective is met:National Objective for End Use:

Description of End Use:

multi-family rental housing for 50% and below AMI households

10




Benefit Type:

Overall

$1,300,000.00

NSP Only - LH - 25% Set-Aside A&A Cottages, Inc


Match Contributed

$1,300,000.00

$0.00

$0.00

$0.00

$1,300,000.00

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-DesertLeaf-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$333,024.66

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$1,300,000.00



$0.00



AA Cottages, Inc., a non-profit developer, acquired Desert Leaf Apartments, formerly called Holiday Villas, in February 2012. AA Cottages is the development arm of A New Leaf, a local nonprofit human services organization. A New Leaf provideshomeless and domestic violence, behavioral health, and community services. This project meets the criteria of addressingmultifamily, regional foreclosures by assisting neighboring jurisdictions in alleviating foreclosures as is prescribed in the City ofPhoenix NSP2 Competitive Grant. This 20 unit complex was previously foreclosed and has been renamed Desert LeafApartments. The property will serve as permanent, supportive housing for homeless individuals and families earning at orbelow 50 percent of Area Median Income. This activity is for the acquisition and rehabilitation of the Desert Leaf Apartmentswith LH25 beneficiaries.AA Cottages leveraged the City of Phoenix NSP funds in the development with NSP funds from the City of Mesa and fundsfrom Magellan Health Services. The project will result in 15 NSP units for the City of Phoenix and 3 NSP units for the City ofMesa. The remaining two units were transformed into a leasing office and community space. The Period of Affordability for thisproperty is 30 years with rents not to exceed the HOME rents established by the City of Phoenix Housing Department. Major rehabilitation activities include replacement of flooring throughout; new energy efficient windows and doors; new cabinetsand countertops; replacement of plumbing (new low flow toilets and bath fixtures); painting of interior and exterior; Energy Starappliances; new HVAC system; roofing replacement; landscaping improvements; new outdoor community area with BBQ andpicnic tables.Through this development partnership, residents of Desert Leaf are offered services to maintain housing, achieve employmentand stability, and become independent and productive individuals. The project assists in the regional effort to endhomelessness. Residents are provided access to supportive services such as: education and financial

Multi Family ACQ and REHABActivity Title:

Project Number:


Project Title:


$0.00$0.00A&A Cottages, Inc

$1,300,000.00$0.00City of Phoenix-HD

$0.00 Program Funds Drawdown $966,975.34


11


planning; building life skills including nutritional awareness, personal care, housekeeping, etc.; employment skills/resumewriting; transportation; medical service referrals; assistance with social security and other available programs; and casemanagement coordination.


Desert Leaf Apartments, located at 44 South Horne Road, is an 18 unit multifamily property in Mesa, AZ that was acquired forrenovation and occupancy by AA Cottages, Inc. The property is located on several public transportation routes, including thefuture light rail extension to be completed by December 2015. It is also close to Downtown Mesa with its shopping, job centers,and cultural activities. Tract number from the NSP3 Mapping Tool is 04013421501.




Activity Locations







Total Total



Total Total





0 18/15 0/0 18/15# of Households 0 0 100.00


12




Benefit Type:

Overall

$4,664,447.31

NSP Only - LH - 25% Set-Aside PCCR Park Lee, LLC


Match Contributed

$4,664,447.31

$0.00

$11,130.00

$0.00

$4,664,447.31

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-ParkLee-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$416,487.37

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$4,664,447.31



$0.00



The Park Lee Apartments is a City instrumentality owned multifamily community totaling 523 units on approximately 32 acres. In December 2009, the City of Phoenix acquired the note on Park Lee from HUD. The City transferred the note to a City LLCinstrumentality, which then acquired the property through a deed in lieu of foreclosure. This instrumentality provided forextensive rehabilitation using NSP funds. Additional funding from City General Obligation Bond funds was utilized in theacquisition. HUD is in concurrence with the procurement and loan process as outlined by the City. This activity is for therehabilitation of the Park Lee Apartments with LH25 beneficiaries.Park Lee was the largest and most luxurious apartment complex in the state of Arizona when it opened in 1955. Prior to Cityacquisition in 2009, Park Lee had experienced significant deterioration and neglected maintenance, and the property causedblight to the surrounding areas of the neighborhood in which it is located. At the time, only 10 percent of the units wereoccupied, and the property was plagued with vandalism, drug use and other criminal elements. The City Housing Departmenthas worked closely with the Police and

Multi Family REHABActivity Title:

Project Number:


Project Title:


$0.00$0.00City of Phoenix-HD

$4,664,447.31$0.00PCCR Park Lee, LLC


Ancillary Activities

ResponsibleOrganization

Program IncomeAccountActivity Type Project # Grantee Activity # Activity Title

Multi Family REHABMF-ParkLee-LMMIMF ACQ and

REHAB Eligible UseB

Rehabilitation/reconstruction of residential

structuresPCCR Park Lee, LLC General Account


13


Neighborhood Services Departments to ensure that the property is now safe and secure. It has also engaged residents andsurrounding neighbors in the plans for revitalizing the property through several meetings. Through these efforts, the CityHousing Department is making a positive contribution to the community. Acquiring and rehabilitating this property using NSP funds is helping to preserve affordable housing opportunities along thePhoenix light rail route and close to employment, shopping and cultural activities. The Period of Affordability for this property isat least 30 years with 50 percent rents not to exceed the HOME rents established by the City Housing Department and 120percent rents not to exceed the current market rent for the area. At least 50 percent of the units at the Park Lee Apartmentsserve households at or below 50 percent of Area Median Income, with the remaining units serving households at or below 120percent of Area Median Income. Park Lee has undergone extensive, multi phased rehabilitation in all 523 units as well as building exteriors and common areas. Improvements of both interior and exterior items include a renovated on-site community meeting room, new landscaping andirrigation system, playground and park space, new kitchen appliances, HVAC system, cabinets and countertops, flooring,exterior and interior lighting, new paint, etc. Six units were converted into fully ADA accessible units. All 117 units in thesecond phase will be leased as smoke free units and a designated smoking area with benches and ashtrays will be availablefor all residents. Property management continually engages residents in community activities and events such as holiday and seasonal parties,Block Watch meetings, summer meal and activity program for kids, etc. Residents are active in their community and have anaffordable place that they can be proud to call home.Unit projections and reported beneficiaries have been distributed between NSP allocations and activities based on fundsbudgeted and matching funds. The unit projections for the 523-unit project are as follows:NSP1 NSP4R-REHParkLee-LH25: 159NSP1 NSP4A-ACQParkLee-LH25: 23NSP2 MF-ParkLee-LH25: 163NSP2 MF-ParkLee-LMMI: 127NSP3 MF-ParkLee-LMMI: 51


The Park Lee Apartments is a City instrumentality owned multifamily community located at 1600 West Highland Avenue inPhoenix, AZ. Park Lee is located in a neighborhood west of the Phoenix Central Corridor and is close to desired jobs,shopping, amenities and transportation, including light rail and bus routes. Tract number from the NSP3 Mapping Tool is04013108902.




Activity Locations


Total Total



Total Total





0 161/163 0/0 161/163# of Households 0 0 100.00


14







15




Benefit Type:

Overall

$19,000.00

NSP Only - LMMI PCCR Park Lee, LLC


Match Contributed

$19,000.00

$0.00

$3,662,476.00

$0.00

$19,000.00

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-ParkLee-LMMI

$0.00

$0.00

$0.00


Activitiy Category:

$19,000.00

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$19,000.00



$0.00



The Park Lee Apartments is a City instrumentality owned multifamily community totaling 523 units on approximately 32 acres. In December 2009, the City of Phoenix acquired the note on Park Lee from HUD. The City transferred the note to a City LLCinstrumentality, which then acquired the property through a deed in lieu of foreclosure. This instrumentality provided forextensive rehabilitation using NSP funds. Additional funding from City General Obligation Bond funds was utilized in theacquisition. HUD is in concurrence with the procurement and loan process as outlined by the City. This activity is for therehabilitation of the Park Lee Apartments with LH25 beneficiaries.Park Lee was the largest and most luxurious apartment complex in the state of Arizona when it opened in 1955. Prior to Cityacquisition in 2009, Park Lee had experienced significant deterioration and neglected maintenance, and the property causedblight to the surrounding areas of the neighborhood in which it is located. At the time, only 10 percent of the units wereoccupied, and the property was plagued with vandalism, drug use and other criminal elements. The City Housing Departmenthas worked closely with the Police and Neighborhood Services Departments to ensure that the property is now safe andsecure. It has also engaged residents and surrounding neighbors in the plans for revitalizing the property through severalmeetings. Through these efforts, the City Housing Department is making a positive contribution to the community. Acquiring and rehabilitating this property using NSP funds is helping to preserve affordable housing opportunities along thePhoenix light rail route and close to employment, shopping and cultural activities. The Period of Affordability for this property isat least 30 years with 50 percent rents not to exceed the HOME rents established by the City Housing Department and 120percent rents not to exceed the current market rent for the area. At least 50 percent of the units at the Park Lee Apartmentsserve households at or below 50 percent of Area Median


Project Number:


Project Title:



$19,000.00$0.00PCCR Park Lee, LLC

$0.00 Program Funds Drawdown $0.00

$19,000.00$0.00Total Funds Expended

16


Income, with the remaining units serving households at or below 120 percent of Area Median Income. Park Lee has undergone extensive, multi phased rehabilitation in all 523 units as well as building exteriors and common areas. Improvements of both interior and exterior items include a renovated on-site community meeting room, new landscaping andirrigation system, playground and park space, new kitchen appliances, HVAC system, cabinets and countertops, flooring,exterior and interior lighting, new paint, etc. Six units were converted into fully ADA accessible units. All 117 units in thesecond phase will be leased as smoke free units and a designated smoking area with benches and ashtrays will be availablefor all residents. Property management continually engages residents in community activities and events such as holiday and seasonal parties,Block Watch meetings, summer meal and activity program for kids, etc. Residents are active in their community and have anaffordable place that they can be proud to call home.Unit projections and reported beneficiaries have been distributed between NSP allocations and activities based on fundsbudgeted and matching funds. The unit projections for the 523-unit project are as follows:NSP1 NSP4R-REHParkLee-LH25: 159NSP1 NSP4A-ACQParkLee-LH25: 23NSP2 MF-ParkLee-LH25: 163NSP2 MF-ParkLee-LMMI: 127NSP3 MF-ParkLee-LMMI: 51


The Park Lee Apartments is a City instrumentality owned multifamily community located at 1600 West Highland Avenue inPhoenix, AZ. Park Lee is located in a neighborhood west of the Phoenix Central Corridor and is close to desired jobs,shopping, amenities and transportation, including light rail and bus routes. Tract number from the NSP3 Mapping Tool is04013108902.MF-ParkLee-LMMI




Activity Locations







Total Total





0 0/0 15/0 127/127# of Households 0 0 11.81


17


18




Benefit Type:

Overall

$1,900,000.00

NSP Only - LH - 25% Set-Aside PGHC Pine Crest LLC


Match Contributed

$1,900,000.00

$0.00

$0.00

$0.00

$1,900,000.00

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-PineCrest-LH25

$0.00

$115,001.00

$0.00


Activitiy Category:

$479,454.67

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$1,900,000.00



$0.00



Pine Crest Apartments is a 264 unit apartment community, built in 1985, containing all 2 bedroom 2 bath residential units in 22buildings. Amenities include two swimming pools, a playground, covered parking, ceiling fans, and a washer and dryer in eachunit. Working in partnership with HUD, the City of Phoenix acquired title to the Pine Crest Apartments after foreclosure inJanuary 2011. The City then conveyed the property to a City created Limited Liability Company, called PGHC Pine Crest,LLC. This activity is for the rehabilitation of the Pine Crest Apartments with LH25 beneficiaries.Pine Crest was partially rehabilitated in 2005 using LIHTCs and a HOME loan. When acquired the property suffered fromextensive deferred maintenance, blight and low occupancy. The LLC owner has preserved the affordability of the existingLIHTC and HOME units dissolved in the foreclosure by reestablishing the Land Use Restriction Agreements. Additionally, theLLC recorded new income and affordability restrictions under NSP and the Citys Affordable Housing Fund program to ensurethat Pine Crest remains affordable for an additional 30 years and avoids the loss of HOME units. The Period of Affordability forthis property is at least 30 years with 50 percent


Project Number:


Project Title:


($185,223.00)$0.00City of Phoenix-HD

$2,085,223.00$0.00PGHC Pine Crest LLC





Multi Family REHABMF-PineCrest-LMMIMF ACQ and

REHAB Eligible UseB


structuresPGHC Pine Crest LLC General Account


19


rents not to exceed the HOME rents established by the City Housing Department and 120 percent rents not to exceed thecurrent market rent for the area. Rehabilitation improvements include exterior and interior paint, landscaping and irrigation system replacements, parking lotsealing, new playground, swimming pool repairs, ADA accessibility improvements, new energy efficient windows and doors,new low flow toilets and faucets, new lighting fixtures, replacement of cabinets and flooring as needed, new Energy Starappliances as needed, and replacement of HVAC units with energy efficient models.This acquisition and rehabilitation activity will help stabilize the property and immediate neighborhood, which has been hard hitby the foreclosure crisis, by providing a safe and livable community with many attractive amenities close to jobs andtransportation.Unit projections and reported beneficiaries have been distributed between an LH25 and an LMMI activity. The unit projectionsfor the 264-unit project are as follows:MF-PineCrest-LH25: 148MF-PineCrest-LMMI: 116


Pine Crest Apartments is located at 2601 West Claremont Avenue in Phoenix, AZ, near 27th Avenue and Bethany Home Roadalong the I17 corridor. It is in close proximity to several public schools, a full service grocery store, park, hospital, and severalmajor bus routes. The property has mature vegetation and sits on approximately 8.4 acres with other multifamily propertiesadjacent to the property. Tract number from the NSP3 Mapping Tool is 04013106800.




Activity Locations







Total Total



Total Total





0 149/148 0/0 149/148# of Households 0 0 100.00


20


21




Benefit Type:

Overall

$466,838.12

NSP Only - LMMI PGHC Pine Crest LLC


Match Contributed

$466,838.12

$0.00

$0.00

$0.00

$466,838.12

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-PineCrest-LMMI

$0.00

$28,750.00

$0.00


Activitiy Category:

$202,307.61

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$466,838.12



$0.00



Pine Crest Apartments is a 264 unit apartment community, built in 1985, containing all 2 bedroom 2 bath residential units in 22buildings. Amenities include two swimming pools, a playground, covered parking, ceiling fans, and a washer and dryer in eachunit. Working in partnership with HUD, the City of Phoenix acquired title to the Pine Crest Apartments after foreclosure inJanuary 2011. The City then conveyed the property to a City created Limited Liability Company, called PGHC Pine Crest,LLC. This activity is for the rehabilitation of the Pine Crest Apartments with LMMI beneficiaries.Pine Crest was partially rehabilitated in 2005 using LIHTCs and a HOME loan. When acquired the property suffered fromextensive deferred maintenance, blight and low occupancy. The LLC owner has preserved the affordability of the existingLIHTC and HOME units dissolved in the foreclosure by reestablishing the Land Use Restriction Agreements. Additionally, theLLC recorded new income and affordability restrictions under NSP and the Citys Affordable Housing Fund program to ensurethat Pine Crest remains affordable for an additional 30 years and avoids the loss of HOME units. The Period of Affordability forthis property is at least 30 years with 50 percent rents not to exceed the HOME rents established by the City HousingDepartment and 120 percent rents not to exceed the current market rent for the area. Rehabilitation improvements include exterior and interior paint, landscaping and irrigation system replacements, parking lotsealing, new playground, swimming pool repairs, ADA accessibility improvements, new energy efficient windows and doors,new low flow toilets and faucets, new lighting fixtures, replacement of cabinets and flooring as needed, new Energy Starappliances as needed, and replacement of HVAC units with energy efficient models.This acquisition and rehabilitation activity will help stabilize the property and immediate neighborhood, which has been hard hitby the foreclosure crisis, by providing a safe and livable community with many attractive amenities close to jobs andtransportation.


Project Number:


Project Title:


$466,838.12$0.00PGHC Pine Crest LLC



22


Unit projections and reported beneficiaries have been distributed between an LH25 and an LMMI activity. The unit projectionsfor the 264-unit project are as follows:MF-PineCrest-LH25: 148MF-PineCrest-LMMI: 116


Pine Crest Apartments is located at 2601 West Claremont Avenue in Phoenix, AZ, near 27th Avenue and Bethany Home Roadalong the I17 corridor. It is in close proximity to several public schools, a full service grocery store, park, hospital, and severalmajor bus routes. The property has mature vegetation and sits on approximately 8.4 acres with other multifamily propertiesadjacent to the property. Tract number from the NSP3 Mapping Tool is 04013106800.




Activity Locations







Total Total



Total Total





0 0/0 21/116 115/116# of Households 0 0 18.26


23




Benefit Type:

Overall

$6,037,837.85

NSP Only - LH - 25% Set-Aside PRIDE


Match Contributed

$6,037,837.85

$0.00

$758,900.00

$0.00

$6,037,837.85

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-SantaFe-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$346,674.27

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$6,037,837.85



$0.00



Santa Fe Springs Apartments was a distressed property in foreclosure when it was purchased by the Phoenix ResidentialInvestment Development Effort or PRIDE in November 2010. PRIDE is a nonprofit corporation whose mission is to develop,promote and otherwise assist in the establishment and operation of low income housing for residents of the greater Phoenixcommunity. The City of Phoenix loaned PRIDE NSP and HOME funds to complete the acquisition and rehabilitation of theproperty. In addition to acquisition and rehabilitation, HUD approved an NSP operating reserve in the amount of $326,763. These funds are being used to help cover unforeseen operating expenditures. This activity is for the acquisition andrehabilitation of the Santa Fe Springs Apartments with LH25 beneficiaries.The 310 unit apartment community is comprised of studio units, 1 bedroom 1 bath units, 2 bedroom 1 bath units, and 2bedroom 2 bath units. The purchase and rehabilitation of this property will help stabilize the surrounding neighborhood whichhas been negatively affected by crime and blight. When acquired the property suffered from extensive deferred maintenanceand low occupancy. Santa Fe Springs is a mixed income community with units serving families earning at or below 50 percent,60 percent and 120 percent of the Phoenix Area Median Income. The Period of Affordability for this property is at least 40years with 50 percent rents not to exceed the HOME rents established by the City Housing Department and 120 percent rentsnot to exceed the current market rent for the area. Rehabilitation work at Santa Fe Springs includes both exterior and interior improvements in this multi phased project. Unitinteriors in 51 units were completely renovated. In addition, new fan coils, cabinets, vanities, and countertops were installed in155 units. Exterior rehabilitation included asbestos and mold abatement, electrical meter pack replacement, new roofing,carport repairs, gas line replacement, asphalt and concrete repairs, building


Project Number:


Project Title:


$0.00$0.00City of Phoenix-NSD

$6,037,837.85$0.00PRIDE



24


structural repairs, new fascia and chiller piping replacement. Property management continually engages residents in community activities and events such as holiday and seasonal parties,Block Watch meetings, summer meal and activity program for kids, etc. A significant revitalization has occurred at Santa FeSprings which has sparked other properties in the surrounding area to make improvements.Unit projections and reported beneficiaries have been distributed between NSP allocations and activities based on fundsbudgeted and matching funds. An activity to fund an operating deficit reserve fund was set up in summer 2013 after approvalfor the fund was given by HUD. Local HUD staff directed that it be a separate activity, with rehab as activity category and unitsbe pro-rated to the activity. New direction is to not prorate units to this activity and so the unit projects have been changed as ofNovember 2014. The unit projections for the 302-unit project are as follows:NSP1 NSP4R-REHSantaFe-LH25: 55NSP2 MF-SantaFe-LH25: 148NSP2 MF-SantaFe-LMMI: 99NSP2 MF-SantaFe-OperatingDeficitReserve: 0


The Santa Fe Springs Apartments are located at 1717 West Glendale Avenue in Phoenix, AZ. Santa Fe Springs is locatedclose to a major bus route, the I17 Freeway, and is near the future light rail corridor slated to open in December 2015. Theproperty has mature vegetation and sits on approximately 7.4 acres. Other multifamily properties and a large grocery store areadjacent to the community. Tract number from the NSP3 Mapping Tool is 04013106700.




Activity Locations




Total Total



Total Total





0 153/148 0/0 153/148# of Households 0 0 100.00


25





26




Benefit Type:

Overall

$1,650,000.00

NSP Only - LMMI PRIDE


Match Contributed

$1,650,000.00

$0.00

$2,383,175.00

$0.00

$1,650,000.00

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-SantaFe-LMMI

$0.00

$0.00

$0.00


Activitiy Category:

$553,666.27

$0.00

N/A

12/31/2017

01/01/2018

$0.00

To Date

02/10/2010


$1,628,282.28



$0.00



December 2017A new projected close date of 12/31/2017 has been entered and the activity will be marked as completed in the next QPR.***********************************************************************************Santa Fe Springs Apartments was a distressed property in foreclosure when it was purchased by the Phoenix ResidentialInvestment Development Effort or PRIDE in November 2010. PRIDE is a nonprofit corporation whose mission is to develop,promote and otherwise assist in the establishment and operation of low income housing for residents of the greater Phoenixcommunity. The City of Phoenix loaned PRIDE NSP and HOME funds to complete the acquisition and rehabilitation of theproperty. In addition to acquisition and rehabilitation, HUD approved an NSP operating reserve in the amount of $326,763. These funds are being used to help cover unforeseen operating


Project Number:


Project Title:



$1,628,282.28$0.00PRIDE





Multi Family REHABMF-SantaFe-LH25MF ACQ and

REHAB Eligible UseB


structuresPRIDE General Account

Multi Family REHABMF-SantaFe-

OperatingDeficitReserve

MF ACQ andREHAB Eligible Use

B


structuresCity of Phoenix-HD General Account


27


expenditures. This activity is for the acquisition and rehabilitation of the Santa Fe Springs Apartments with LMMI beneficiaries.The 310 unit apartment community is comprised of studio units, 1 bedroom 1 bath units, 2 bedroom 1 bath units, and 2bedroom 2 bath units. The purchase and rehabilitation of this property will help stabilize the surrounding neighborhood whichhas been negatively affected by crime and blight. When acquired the property suffered from extensive deferred maintenanceand low occupancy. Santa Fe Springs is a mixed income community with units serving families earning at or below 50 percent,60 percent and 120 percent of the Phoenix Area Median Income. The Period of Affordability for this property is at least 40years with 50 percent rents not to exceed the HOME rents established by the City Housing Department and 120 percent rentsnot to exceed the current market rent for the area. Rehabilitation work at Santa Fe Springs includes both exterior and interior improvements in this multi phased project. Unitinteriors in 51 units were completely renovated. In addition, new fan coils, cabinets, vanities, and countertops were installed in155 units. Exterior rehabilitation included asbestos and mold abatement, electrical meter pack replacement, new roofing,carport repairs, gas line replacement, asphalt and concrete repairs, building structural repairs, new fascia and chiller pipingreplacement. Property management continually engages residents in community activities and events such as holiday and seasonal parties,Block Watch meetings, summer meal and activity program for kids, etc. A significant revitalization has occurred at Santa FeSprings which has sparked other properties in the surrounding area to make improvements.Unit projections and reported beneficiaries have been distributed between NSP allocations and activities based on fundsbudgeted and matching funds. An activity to fund an operating deficit reserve fund was set up in summer 2013 after approvalfor the fund was given by HUD. Local HUD staff directed that it be a separate activity, with rehab as activity category and unitsbe pro-rated to the activity. New direction is to not prorate units to this activity and so the unit projects have been changed as ofNovember 2014. The unit projections for the 302-unit project are as follows:NSP1 NSP4R-REHSantaFe-LH25: 55NSP2 MF-SantaFe-LH25: 148NSP2 MF-SantaFe-LMMI: 99NSP2 MF-SantaFe-OperatingDeficitReserve: 0






Total Total



Total Total





0 0/0 69/0 96/99# of Households 0 0 71.88

28



Activity Locations







29




Benefit Type:

Overall

$326,763.72

NSP Only - LMMI City of Phoenix-HD


Match Contributed

$326,763.72

$0.00

$0.00

$0.00

$326,763.72

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

MF-SantaFe-OperatingDeficitReserve

$0.00

$0.00

$0.00


Activitiy Category:

$326,763.72

$0.00

N/A

12/31/2017

01/01/2018

$0.00

To Date

08/01/2013


$326,763.72



$0.00



December 2017A new projected close date of 12/31/2017 has been entered and the activity will be marked as completed in the next QPR.***********************************************************************************ACTIVITY WAS APPROVED BY HUD IN SUMMER 2013.Santa Fe Springs Apartments was a distressed property in foreclosure when it was purchased by the Phoenix ResidentialInvestment Development Effort or PRIDE in November 2010. PRIDE is a nonprofit corporation whose mission is to develop,promote and otherwise assist in the establishment and operation of low income housing for residents of the greater Phoenixcommunity. The City of Phoenix loaned PRIDE NSP and HOME funds to complete the acquisition and rehabilitation of theproperty. In addition to acquisition and rehabilitation, HUD approved an NSP operating reserve in the amount of $326,763. These funds are being used to help cover unforeseen operating expenditures. This activity is for the operating deficit reservefor Santa Fe Springs Apartments with LH25 beneficiaries.The 310 unit apartment community is comprised of studio units, 1 bedroom 1 bath units, 2 bedroom 1 bath units, and 2bedroom 2 bath units. The purchase and rehabilitation of this property will help stabilize the surrounding neighborhood whichhas been negatively affected by crime and blight. When acquired the property suffered from extensive deferred maintenanceand low occupancy. Santa Fe Springs is a mixed income community with units serving families earning at or below 50 percent,60 percent and 120 percent of the Phoenix Area Median Income. The Period of Affordability for this property is at least 40years with 50 percent rents not to exceed the HOME rents established by the City Housing Department and 120 percent rentsnot to exceed the current market rent for the area.


Project Number:


Project Title:


$326,763.72$0.00City of Phoenix-HD



30


Rehabilitation work at Santa Fe Springs includes both exterior and interior improvements in this multi phased project. Unitinteriors in 51 units were completely renovated. In addition, new fan coils, cabinets, vanities, and countertops were installed in155 units. Exterior rehabilitation included asbestos and mold abatement, electrical meter pack replacement, new roofing,carport repairs, gas line replacement, asphalt and concrete repairs, building structural repairs, new fascia and chiller pipingreplacement. Property management continually engages residents in community activities and events such as holiday and seasonal parties,Block Watch meetings, summer meal and activity program for kids, etc. A significant revitalization has occurred at Santa FeSprings which has sparked other properties in the surrounding area to make improvements.Unit projections and reported beneficiaries have been distributed between NSP allocations and activities based on fundsbudgeted and matching funds. An activity to fund an operating deficit reserve fund was set up in summer 2013 after approvalfor the fund was given by HUD. Local HUD staff directed that it be a separate activity, with rehab as activity category and unitsbe pro-rated to the activity. New direction is to not prorate units to this activity and so the unit projects have been changed as ofNovember 2014. The unit projections for the 302-unit project are as follows:NSP1 NSP4R-REHSantaFe-LH25: 55NSP2 MF-SantaFe-LH25: 148NSP2 MF-SantaFe-LMMI: 99NSP2 MF-SantaFe-OperatingDeficitReserve: 0






Activity Locations










31


SF MIR Eligible Use B / Move In Ready ProgramProject # / Title:



Benefit Type:

Overall

$492,690.96

NSP Only - LH - 25% Set-Aside City of Phoenix-NSD


Match Contributed

$492,690.96

$0.00

$0.00

$0.00

$492,690.96

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-MIR-ACQ-LH25

$0.00

$0.00

$0.00


Activitiy Category:

$0.00

$0.00

N/A

02/10/2015

01/01/2018

$0.00

To Date

02/10/2010


$492,690.96



$0.00

Acquisition - general Completed


September 30, 2015Activity completed. The Move-In Ready Program engages the services of Consortium Members and developer partners to acquire and rehabilitateforeclosed homes and sell them to qualified buyers in move-in ready condition that complies with NSP2 housing rehabilitationstandards which include:· Housing Quality Standards/Health and Safety/Citys Neighborhood Preservation Ordinance· Lead based paint standards· Energy efficiency improvements· Front yard landscaping/curb appeal In addition, the program will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in the NSP2 Target Area.This activity will reflect expenses for acquisition of single family homes by the City.Performance measures are reported in SF-MIR-DMNR, SF-MIR-FSL, SF-MIR-NFWAZ, and SF-MIR-NHS.

Move In Ready ProgramActivity Title:

Project Number:

SF MIR Eligible Use B

Project Title:

Move In Ready Program

$492,690.96$0.00City of Phoenix-NSD



32



The City of Phoenixhas established areas of greatest need with priority emphasis given to the following factors. 1. AreasinPhoenixhaving the greatest percentage of home foreclosures. 2. Areas on Phoenix with the highest percentage of homesfinanced by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant rise in the rate of homeforeclosures.Activities will be performed within the NSP2 Target Area zip codes 85021, 85029, 85033, 85037, 85040, 85041, 85042, 85051,85339 and 85353 and within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.




Activity Locations










33




Benefit Type:

Overall

$10,146,560.21

NSP Only - LMMI FSL--Foundation for Senior Living


Match Contributed

$10,146,560.21

$0.00

$8,075,486.00

$0.00

$10,146,560.21

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-MIR-FSL-LMMI

$0.00

$7,213,961.63

$0.00


Activitiy Category:

$2,323,642.53

$0.00

N/A

03/31/2017

01/01/2018

$0.00

To Date

02/10/2010


$10,146,560.21



$0.00



The Move-In Ready Program engages the services of Consortium Members and developer partners to acquire and rehabilitateforeclosed homes and sell them to qualified buyers in move-in ready condition that complies with NSP2 housing rehabilitationstandards which include:· Housing Quality Standards/Health and Safety/Citys Neighborhood Preservation Ordinance· Lead based paint standards· Energy efficiency improvements· Front yard landscaping/curb appealIn addition, the program will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in the NSP2 Target Area.This activity will reflect expenses for rehab by the developer.Performance measures are reported in SF-MIR-DMNR, SF-MIR-FSL, SF-MIR-NFWAZ, and SF-MIR-NHS.


December 2017Remaining funds have been swept and project marked as closed. Activity was previously marked as completed in the QPR asof March 31, 3015.***********************************************************************************The City of Phoenix has established areas of greatest need with priority emphasis given to the following factors. 1. Areas inPhoenix having the greatest percentage of home foreclosures. 2. Areas in Phoenix with the highest percentage of homesfinanced by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant


Project Number:


Project Title:


$10,146,560.21$0.00FSL--Foundation for Senior Living



34


rise in the rate of home foreclosures.Activities will be performed within the NSP2 Target Area zip codes 85021, 85029, 85033, 85037, 85040, 85041, 85042, 85051,85339 and 85353 and within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.




Activity Locations


Total Total


397/1#Energy Star Replacement 0

61/1#Additional Attic/Roof Insulation 0

63/1#Efficient AC added/replaced 0

64/1#Replaced thermostats 0

65/1#Replaced hot water heaters 0

706/1#Light Fixtures (indoors) replaced 0

166/1#Light fixtures (outdoors) 0

65/1#Refrigerators replaced 0

49/1#Clothes washers replaced 0

14/1#Dishwashers replaced 0

115/1#Low flow toilets 0

96/1#Low flow showerheads 0

56/1#Units with bus/rail access 0

11/1#Units exceeding Energy Star 0

12/1#Units ¿ other green 0

0/1# of Substantially Rehabilitated 0


Total Total


65/32# of Singlefamily Units 0



0 1/0 21/0 65/32# of Households 0 0 33.85

0 1/0 21/0 65/32# Owner Households 0 0 33.85

35







36




Benefit Type:

Overall

$12,012,028.59

NSP Only - LMMI Mandalay Communities, Inc.


Match Contributed

$12,012,028.59

$0.00

$10,062,961.00

$10,000.00

$12,012,028.59

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-MIR-MAN-LMMI

$15.60

$9,639,352.94

$15.60


Activitiy Category:

$4,689,156.65

$147,900.00

N/A

07/01/2018

$0.00

To Date

02/10/2010


$11,641,539.80



$0.00

Rehabilitation/reconstruction of residential structures Under Way


December 2017Funds are still being spent in this Activity. The Projected Close Date has been changed to July 1, 2018.***********************************************************************************The Move-In Ready Program engages the services of Consortium Members and developer partners to acquire and rehabilitateforeclosed homes and sell them to qualified buyers in move-in ready condition that complies with NSP2 housing rehabilitationstandards which include:· Housing Quality Standards/Health and Safety/Citys Neighborhood Preservation Ordinance· Lead based paint standards· Energy efficiency improvements· Front yard landscaping/curb appealIn addition, the program will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in the NSP2 Target Area.This activity will reflect expenses for rehab by the developer.


The City of Phoenix has established areas of greatest need with priority emphasis given to the following factors. 1. Areas inPhoenix having the greatest percentage of home foreclosures. 2. Areas in Phoenix with the highest percentage of homesfinanced by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant


Project Number:


Project Title:


$11,641,539.80$15.60Mandalay Communities, Inc.



37


rise in the rate of home foreclosures.Activities will be performed within the NSP2 Target Area zip codes 85021, 85029, 85033, 85037, 85040, 85041, 85042, 85051,85339 and 85353 and within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.

In the Single Family Move In Ready program, Mandalay Communities LMMI activity, 0 units were acquired, 1 unit wasrehabbed and resold to a eligible homebuyers this quarter. Program to date, 89 units were acquired, 89 units were rehabbedand 89 units have been have been resold to eligible homebuyers. Rehabilitation on the remaining Move In Ready property wascompleted early 1Q 2018 and sold to an eligible buyer in March 2018.




Total Total



















Total Total





1 0/0 39/0 89/51# of Households 0 1 43.82


38







Address Support Information6123 W Indianola Ave, Phoenix, Arizona 85033Address:

Completed


03/06/2018


03/06/2033


recapture


Rehabilitation/reconstruction of residential 03/06/2018


Deadline Date:

03/11/201303/06/2018NSP Only - LMMI



single family home

39




Benefit Type:

Overall

$6,710,589.89

NSP Only - LMMI Trellis fka Neighborhood Housing Services of Phoenix


Match Contributed

$6,710,589.89

$0.00

$7,698,095.00

$10,000.00

$6,710,589.89

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-MIR-NHS-LMMI

$0.00

$7,629,641.60

$0.00


Activitiy Category:

$2,717,096.45

$0.00

N/A

12/31/2017

01/01/2018

$0.00

To Date

02/10/2010


$6,710,589.89



$0.00



December 2017A new projected close date of 12/31/2017 has been entered and the activity will be marked as completed in the next QPR.***********************************************************************************The Move-In Ready Program engages the services of Consortium Members and developer partners to acquire and rehabilitateforeclosed homes and sell them to qualified buyers in move-in ready condition that complies with NSP2 housing rehabilitationstandards which include:· Housing Quality Standards/Health and Safety/Citys Neighborhood Preservation Ordinance· Lead based paint standards· Energy efficiency improvements· Front yard landscaping/curb appealIn addition, the program will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in the NSP2 Target Area.This activity will reflect expenses for rehab by the developer.



Project Number:


Project Title:



$6,710,589.89$0.00Trellis fka Neighborhood Housing Services of Phoenix



40


The City of Phoenix has established areas of greatest need with priority emphasis given to the following factors. 1. Areas inPhoenix having the greatest percentage of home foreclosures. 2. Areas in Phoenix with the highest percentage of homesfinanced by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant rise in the rate of homeforeclosures.Activities will be performed within the NSP2 Target Area zip codes 85021, 85029, 85033, 85037, 85040, 85041, 85042, 85051,85339 and 85353 and within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.




Activity Locations


Total Total



















Total Total





0 0/0 28/0 68/45# of Households 0 0 41.18


41







42




Benefit Type:

Overall

$1,622,246.78

NSP Only - LMMI City of Phoenix-NSD


Match Contributed

$1,622,246.78

$0.00

$0.00

$0.00

$1,622,246.78

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-MIR-PHX

$504.24

$0.00

$504.24


Activitiy Category:

$642,975.76

$0.00

N/A

07/01/2018

$0.00

To Date

02/10/2010


$1,622,246.78



$0.00

Rehabilitation/reconstruction of residential structures Under Way


December 2017Funds are still being spent in this Activity and additional funds were added. The Projected Close Date has been changed to July1, 2018.***********************************************************************************The Move-In Ready Program engages the services of Consortium Members and developer partners to acquire and rehabilitateforeclosed homes and sell them to qualified buyers in move-in ready condition that complies with NSP2 housing rehabilitationstandards which include:· Housing Quality Standards/Health and Safety/Citys Neighborhood Preservation Ordinance· Lead based paint standards· Energy efficiency improvements· Front yard landscaping/curb appealIn addition, the program will provide homeownership assistance (an NSP Financing Mechanism) in the form of subordinatemortgages to assist homebuyers purchase and occupy foreclosed or abandoned single-family homes in the NSP2 Target Area.This activity will reflect expenses not tied to an address such as law of staff salaries.


The City of Phoenix has established areas of greatest need with priority emphasis given to the following factors. 1. Areas inPhoenix having the greatest percentage of home foreclosures. 2. Areas in Phoenix with the highest


Project Number:


Project Title:


$1,622,246.78$504.24City of Phoenix-NSD



43


percentage of homes financed by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant rise in therate of home foreclosures.Activities will be performed within the NSP2 Target Area zip codes 85021, 85029, 85033, 85037, 85040, 85041, 85042, 85051,85339 and 85353 and within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.

This activity reflects direct project expenses, incurred by the city, including implementation staff. Performance measures arereported in SF-MIR-FSL-LMMI, SF-MIR-FSL-LH25, SF-MIR-MAN-LMMI, SF-MIR-MAN-LH25, SF-MIR-NFWAZ-LMMI, SF-MIR-NFWAZ-LH25 and SF-MIR-NHS-LMMI.



Activity Locations










SF RED Eligible Use E / RedvelopmentProject # / Title:



Benefit Type:

National Objective:

Activity Status:

Projected End Date:


SF-RED-SPV

Activitiy Category:

07/01/202007/01/2014



Construction of new housing Under Way

RedevelopmentActivity Title:

Project Number:

SF RED Eligible Use E

Project Title:

Redvelopment

44


Overall

$3,544,987.56

NSP Only - LMMI FSL--Foundation for Senior Living


Match Contributed

$3,544,987.56

$0.00

$3,593,395.00

$823,212.59

$3,000,000.00

$0.00

Total Budget



Total Funds DrawdownTotal Obligated

$986,579.80

$2,281,483.24

$986,579.80


$2,759,893.33

$2,112,224.00

N/A

$1,000,000.00

To Date

$2,759,893.33



December 2017Responsible party has been changed. Additional program income has been budgeted. A new close date of July 1, 2020 hasbeen entered.***********************************************************************************September 30, 2015When this activity was set up, a redevelopment activity was planned and the City anticipated several developers participating.Only one developer will be undertaking this project, so extra activities have been cancelled and all funds have been moved tothis activity. Activity has also been renamed to SPV indicating the project South Phoenix Village Infill Redevelopment Project. ***********************************************************************************The City of Phoenix will solicit proposals for the redevelopment of our vacant lots, as part of comprehensive neighborhoodrevitalization plans in the designated Neighborhood Investment Areas of Garfield, Isaac, South Phoenix Village and VillageCenter. The key objective in the redevelopment of single family detached homes is to develop diverse, energy efficient (green)homes for maximum community impact. The City will seek developers that can deliver economies of scale for reasonablepricing and has the capacity to build out the available lots for home ownership. A component of the redevelopment activity isthe execution of a marketing approach that maximizes exposure and can support improved confidence in the area with anemphasis in community engagement. Infill housing is a key strategy in the comprehensive revitalization strategies of neighborhood that have suffered long term blightconditions, sub-standard quality of housing, criminal and nuisance activities. These are the same communities that werehardest hit with foreclosures and vacancies during the housing crisis. Redevelopment of residential properties will continue thelong term efforts by the community and the City of Phoenix to revitalize, redevelop and rebuild our target area neighborhoods. The residents and the City have been active in creating a vision for new infill homes and other projects that will enhance thearea and achieve their goals. The goals for the redevelopment of residential properties in our target areas is to increase owner occupancy within eachtargeted area; achieve quality housing by building new, energy efficient, single-family homes within the target areas at anattainable price; improve area market conditions overall and to specifically support goals unique to that target area (for examplein South Phoenix Village, redevelopment with new infill homes will help support the Four Corners Conceptual Plan for the mixeduse and commercial redevelopment at the intersection of 24th Street and Broadway Road); promote successfulhomeownership by offering pre-purchase housing counseling and other strategies that are complementary to those of the Cityand residents; provide a range of home sizes and price points that will encourage first time buyers; and to create a positive andhealthy community.


September 30, 2015


$2,759,893.33$986,579.80FSL--Foundation for Senior Living


$2,759,893.33$986,579.80Total Funds Expended

45


When this activity was set up, a redevelopment activity was planned and the City anticipated several developers participating.Only one developer will be undertaking this project, so extra activities have been cancelled and all funds have been moved tothis activity. Activity has also been renamed to SPV indicating the project South Phoenix Village Infill Redevelopment Project.***************************************************************************The redevelopment of residential properties will occur in four City approved, strategic revitalization areas, designated as theNeighborhood Investment Areas of Garfield, Isaac, South Phoenix Village and Village Center. There are an additional eightscattered sites properties that were strategically acquired to eliminate a blighted nuisance located in neighborhoods thathistorically had its share of challenges. The redevelopment of these sites will bring vacant lots back to productive use and in afew of these neighborhoods, will complete its revitalization activities through single family housing opportunities.

Expenses incurred this quarter were for developer fees earned and closing out six new construction holdbackaccounts. Program income received was from payoffs on construction loans from the sale of five new homes.




Total Total





0/1#Sites re-used 0


0/1# of Elevated Structures 0


Total Total





10 0/0 11/0 22/1# of Households 0 13 50.00


Address Support Information

46


2411 E Tamarisk Ave, Phoenix, Arizona 85040Address:

Completed


12/29/2017


12/29/2032


recapture


Construction of new housing 12/29/2017


Deadline Date:

03/11/201312/29/2017NSP Only - LMMI



single family home


Completed


01/25/2018


01/25/2033


recapture




Deadline Date:

03/11/201301/25/2018NSP Only - LMMI



single family home

2432 E Marguerite Ave, Phoenix, Arizona 85040Address:

Completed


12/15/2017


12/15/2032


recapture




Deadline Date:

03/11/201312/15/2017NSP Only - LMMI



single family home

47



Completed


11/03/2017


11/03/2032


recapture




Deadline Date:

03/11/201311/03/2017NSP Only - LMMI



single family home


Completed


02/06/2018


02/06/2033


recapture




Deadline Date:

03/11/201302/06/2018NSP Only - LMMI



single family home


Completed


11/16/2017


11/16/2032


recapture




Deadline Date:

03/11/201311/16/2017NSP Only - LMMI



single family home

48



Completed


09/20/2017


09/20/2032


recapture




Deadline Date:

03/11/201309/20/2017NSP Only - LMMI



single family home

2505 E Corona Ave, Phoenix, Arizona 85040Address:

Completed


09/14/2017


09/14/2032


recapture




Deadline Date:

03/11/201309/14/2017NSP Only - LMMI



single family home


Completed


11/29/2017


11/29/2017


recapture




Deadline Date:

03/11/201311/29/2017NSP Only - LMMI



single family home

49





Completed


12/26/2017


12/26/2032


recapture




Deadline Date:

03/11/201312/26/2017NSP Only - LMMI



single family home


Completed


09/29/2017


09/29/2032


recapture




Deadline Date:

03/11/201309/29/2017NSP Only - LMMI



single family home

2562 E Corona Ave, Phoenix, Arizona 85040Address:

Completed


12/01/2017


12/01/2032


recapture




Deadline Date:

03/11/201312/01/2017NSP Only - LMMI



single family home

50





51




Benefit Type:

Overall

$818,718.00



Match Contributed

$818,718.00

$0.00

$0.00

$0.00

$318,718.00

$0.00

Total Budget

National Objective:


Activity Status:



Projected End Date:


Total Obligated

SF-RED-SPV-PHX

$71,404.95

$0.00

$71,404.95


Activitiy Category:

$264,557.99

$0.00

N/A

12/31/2020

$0.00

To Date

07/01/2016


$264,557.99



$0.00

Construction of new housing Under Way


December 2017Funds are still being spent in this Activity. The Projected Close Date has been changed to July 1, 2020.***********************************************************************************The activity will cover city costs for the redevelopmentactivity outside of the contract with the developer, Foundation for Senior Living.


The redevelopment of residential properties will occur in the South Phoenix Village neighborhood. The redevelopment of thesesites will bring vacant lots back to productive use and in this neighborhood, will complete its revitalization activities throughsingle family housing opportunities.

Expenses incurred this quarter were for internal charges and contractual services related expenses incurred by the City for thefirst and second phases of the South Phoenix Village Single Family Infill Redevelopment project. Such activities included theescrow fees for five new construction loan and holdback escrow accounts and title fees paid for the conveyance of 10 parcelssubject to Phase II of the infill redevelopment project to the developer.


RedevelopmentActivity Title:

Project Number:

SF RED Eligible Use E

Project Title:

Redvelopment

$264,557.99$71,404.95City of Phoenix-NSD


$264,557.99$71,404.95Total Funds Expended

52



Activity Locations










SF-LandBank Eligible Use C / Land BankProject # / Title:



Benefit Type:

Overall

$100,000.00


Total Projected Budget from All Sources $100,000.00

$0.00

$100,000.00

Total Budget

National Objective:

Activity Status:


Projected End Date:


Total Obligated

SF-Landbank

$2,943.46


Activitiy Category:

N/A

12/01/2025

$0.00

To Date

12/01/2012

Area ( )

$49,953.08


Land Banking - Acquisition (NSP Only) Under Way

LandbankActivity Title:

Project Number:

SF-LandBank Eligible Use C

Project Title:

Land Bank


53


Match Contributed $0.00

$0.00

$0.00


Program Income Received $0.00

$2,943.46 $43,953.08

$0.00



This activity will acquire homes that have beenabandoned or foreclosed upon and maintain them,until such time as a viableproject has been identified and financing has been obtained.


The City of Phoenix has established areas of greatest need with priority emphasis given to the following factors. 1. Areas inPhoenix having the greatest percentage of home foreclosures. 2. Areas in Phoenix with the highest percentage of homesfinanced by a sub prime mortgage related loan. 3. Areas in Phoenix likely to face a significant rise in the rate of homeforeclosures.Activities will be performed within the city adopted Neighborhood Initiative Areas of Isaac, Garfield, South Phoenix Village, andVillage Center.

There are a total of 14 NSP2 acquisition demolition properties. Nine of these properties are subject to the South PhoenixVillage Infill Redevelopment project. Three properties were removed from the Land Bank and conveyed to the Developer aspart of the South Phoenix Village Infill Redevelopment project. The other six are scheduled to be conveyed to the developer inthe next two years. The expenses incurred this quarter are for the ongoing activities on our NSP lots to keep them incompliance with city preservation codes.



Activity Locations

$49,953.08$2,943.46City of Phoenix-NSD


Total Total



Total Total





$49,953.08$2,943.46Total Funds Expended

54







55


grantee: phoenix, az grant: b-09-cn-az-0050 january 1 ... nsp2 qpr.pdf · january 1, 2018 thru...

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