Rural Activities

HOUSING – Both MF & SF ECONOMIC DEVELOPMENT MIGRANT HEADSTART SMALL BUSINESS LENDING COMMERCIAL REAL ESTATE BEHAVIORAL HEALTH IMMIGRATION

NSP II NATIONAL COALITION LOCATIONS

CHISPA - $3.52M

NEW - $24.7M

CPLC ($32.9M)

CRHDC - $12.5M

Del 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

How Are We Doing?

50% Expenditure Goal Met on 10/11/2011!! 4 Months Ahead of 2-year requirement

Expenditures as of 10/17/2012 100% Goooooal MET and Surpassed! $137,107,134.04 101.30% One Month ahead of “stretch goal”

How are our consortium members doing individually...

How are we Doing within our Consortium?Grantee % Expended

Del Norte 138%

CRHDC 136%

YES 126%

CPLC AZ 121%

CHISPA 113%

TDS 104%

NEW 104%

AHSTI 96%

CDCB 86%

MI CASA 78%

EPAHCUSO 69%

TRP 64%

NSCA 37%

Grantee $ Expended

CPLC AZ $ 39,616,381.51 NEW $ 25,593,929.00 CRHDC $ 17,050,130.86 Del Norte $ 14,123,642.94 TRP $ 8,498,555.44 TDS $ 6,148,280.39 MI CASA $ 5,813,501.89 CHISPA $ 3,993,736.42 CDCB $ 3,816,637.54 NSCA $ 3,434,523.68 YES $ 2,884,291.19 AHSTI $ 2,792,118.57 EPCUSO $ 1,837,857.50

Total $$ Expended:(633 grantees as of 10/22/2012):

State Grantee

Appropriation Grant Amount PI Received PI Drawn

Drawn From Grant Total Drawn

CA State of California NSP1 $145,071,506 $35,090,684 $29,170,053 $124,195,346 $153,365,399MI State of Michigan NSP2 $223,875,399 $4,573,754 $2,074,927 $149,758,600 $151,833,527AZ Chicanos Por La Causa, Inc. NSP2 $137,107,133 $40,384,572 $40,384,572 $99,650,660 $140,035,232GA Habitat for Humanity International Inc NSP2 $137,620,088 $0 $0 $109,080,365 $109,080,365OH State of Ohio NSP1 $116,859,223 $0 $0 $107,537,381 $107,537,381FL State of Florida NSP1 $91,141,478 $15,048,820 $12,090,195 $82,651,405 $94,741,600

CA Los Angeles, CA NSP2 $100,000,000 $5,527,102 $4,810,887 $79,521,303 $84,332,190GA State of Georgia NSP1 $77,085,125 $18,160,970 $17,875,018 $63,569,075 $81,444,093MI State of Michigan NSP1 $98,653,915 $4,568,160 $4,074,048 $77,210,599 $81,284,647IL Chicago, IL NSP2 $98,008,384 $0 $0 $79,239,665 $79,239,665IN State of Indiana - IHCDA NSP1 $83,757,048 $3,444,289 $2,452,696 $76,782,846 $79,235,542

MA The Community Builders, Inc. NSP2 $78,617,631 $14,025,963 $2,389,080 $70,257,238 $72,646,317

FLNeighborhood Housing Services of

South Florida, Inc. NSP2 $89,375,000 $970,377 $954,587 $67,925,817 $68,880,404CA Riverside County, CA NSP1 $48,567,786 $31,184,515 $30,415,372 $37,995,058 $68,410,430TX State of Texas - TDHCA NSP1 $91,323,273 $1,651,490 $1,651,490 $59,943,079 $61,594,569PA State of Pennsylvania NSP1 $59,631,318 $7,223,450 $5,576,823 $49,202,580 $54,779,402

FLNeighborhood Lending Partners of

West Florida, Inc. NSP2 $50,000,000 $10,899,463 $10,117,734 $39,335,525 $49,453,259NC State of North Carolina NSP1 $52,303,004 $3,849,815 $1,905,460 $46,761,701 $48,667,161VA State of Virginia NSP1 $38,749,931 $19,566,524 $19,094,011 $27,834,164 $46,928,175FL Dade County, FL NSP1 $62,207,200 $2,221,501 $2,221,266 $44,243,256 $46,464,522TN State of Tennessee NSP1 $49,360,421 $530,311 $530,311 $45,115,515 $45,645,825MN State of Minnesota NSP1 $38,849,929 $10,722,488 $8,950,614 $34,564,183 $43,514,798SC South Carolina State Program NSP1 $44,673,692 $3,646,750 $1,686,254 $40,975,545 $42,661,799NJ State of New Jersey NSP1 $51,470,620 $0 $0 $42,624,694 $42,624,694AZ Phoenix, AZ NSP2 $60,000,000 $4,535,790 $4,535,790 $37,530,070 $42,065,860NY State of New York NSP1 $54,556,464 $401,908 $401,908 $41,483,878 $41,885,786

MO State of Missouri NSP1 $42,664,187 $7,129,289 $4,907,116 $35,132,755 $40,039,871IL State of Illinois NSP1 $53,113,044 $1,828,048 $1,785,689 $36,370,006 $38,155,696AZ Arizona State Program NSP1 $38,370,206 $28,749 $28,749 $38,036,139 $38,064,888

MA State of Massachusetts NSP1 $43,466,030 $2,541,247 $255,615 $37,778,511 $38,034,125IL Chicago, IL NSP1 $55,238,017 $3,027,887 $1,678,739 $36,048,906 $37,727,645

This demonstrates capacity and capability!!

CPLC

Program Income – SimplifiedIllustration…

…this is a key reason as to why we were results-driven…and now how we intend to maximize NSP2 Program Value…

Acquisition = $60,000(used NSP2 $)

Rehab = $40,000(used NSP2 $)

Total Development Cost = $100,000

PROGRAM INCOME = $80,000

NSP2 Subsidy = $20,000

(OK, proceed)

Sales Price = $80,000 (made it affordable)

Recycle $$More AdminMore Jobs

More Homeowners!

Program Income Expended (633 grantees as of 10/22/2012):

State Grantee Appropriation Grant Amount PI Received PI DrawnDrawn From

Grant Total Drawn

AZChicanos Por La Causa,

Inc. NSP2 $137,107,133 $40,384,572 $40,384,572 $99,650,660 $140,035,232CA Riverside County, CA NSP1 $48,567,786 $31,184,515 $30,415,372 $37,995,058 $68,410,430CA State of California NSP1 $145,071,506 $35,090,684 $29,170,053 $124,195,346 $153,365,399VA State of Virginia NSP1 $38,749,931 $19,566,524 $19,094,011 $27,834,164 $46,928,175GA State of Georgia NSP1 $77,085,125 $18,160,970 $17,875,018 $63,569,075 $81,444,093ID State of Idaho NSP1 $19,600,000 $19,023,021 $17,070,928 $17,116,661 $34,187,589FL State of Florida NSP1 $91,141,478 $15,048,820 $12,090,195 $82,651,405 $94,741,600

FLNeighborhood Lending

Partners of West Florida, Inc. NSP2 $50,000,000 $10,899,463 $10,117,734 $39,335,525 $49,453,259MN State of Minnesota NSP1 $38,849,929 $10,722,488 $8,950,614 $34,564,183 $43,514,798FL Pasco County, FL NSP1 $19,495,805 $9,463,899 $8,933,143 $17,956,699 $26,889,842CA San Joaquin County, CA NSP1 $9,030,385 $8,789,848 $8,666,835 $7,683,546 $16,350,381

CAHsg Trust of Santa Clara

County NSP2 $25,000,000 $9,002,748 $8,043,822 $14,831,087 $22,874,910MD Healthy Neighborhoods Inc. NSP2 $26,092,880 $8,110,230 $8,028,934 $17,499,994 $25,528,929

CALos Angeles Neighborhood

Housing Services Inc. NSP2 $60,000,000 $12,000,599 $7,764,725 $26,085,695 $33,850,420NM New Mexico State Program NSP1 $19,600,000 $7,822,362 $7,612,964 $17,224,715 $24,837,680CA Fresno County. CA NSP1 $7,037,465 $8,031,980 $7,476,256 $7,037,465 $14,513,721NV Clark County, NV NSP1 $29,666,798 $10,026,230 $7,197,363 $22,567,194 $29,764,557GA Gwinnett County, GA NSP1 $10,507,827 $10,137,914 $7,141,924 $9,893,695 $17,035,619TX Harris County, TX NSP1 $14,898,027 $7,289,307 $7,123,119 $13,797,225 $20,920,344GA Clayton County, GA NSP1 $9,732,126 $9,186,092 $6,951,481 $8,187,510 $15,138,992PA Philadelphia, PA NSP1 $16,832,873 $6,863,123 $6,863,123 $13,812,376 $20,675,500FL Lee County, FL NSP1 $18,243,867 $6,639,830 $6,639,830 $16,228,820 $22,868,650KS State of Kansas NSP1 $20,970,242 $6,386,990 $6,386,990 $17,954,844 $24,341,834FL Orange County, FL NSP1 $27,901,773 $6,591,828 $6,361,996 $26,068,403 $32,430,399AZ Phoenix, AZ NSP1 $39,478,096 $6,156,925 $5,951,907 $27,346,130 $33,298,037PA State of Pennsylvania NSP1 $59,631,318 $7,223,450 $5,576,823 $49,202,580 $54,779,402GA Cobb County, GA NSP1 $6,889,134 $5,195,441 $5,378,873 $4,974,248 $10,353,120NV Las Vegas, NV NSP1 $14,775,270 $6,266,398 $5,348,175 $13,595,137 $18,943,312CA Riverside County, CA NSP3 $14,272,400 $6,120,943 $5,142,622 $9,214,536 $14,357,157PA Philadelphia, PA NSP2 $43,942,532 $5,110,066 $5,110,066 $32,120,843 $37,230,909IL Will County, IL NSP1 $5,160,424 $5,724,182 $5,048,516 $5,160,424 $10,208,940

This Means Jobs!!$50M Feb Goal

Section 3 –> Jobs -> Defined!What does the term “Section 3 resident” mean? A “section 3 resident” is:

a public housing resident; or  a low- or very low-income person residing in the

metropolitan area where monies are expended

What does the term Section 3 Business Concern mean? 51 percent or more owned by Section 3 residents; or At least 30 percent of its full time employees include

persons that are currently Section 3 residents Subcontract in excess of 25 percent of the dollar award to

Section 3

NSP2 National Program -Economic Impact 850 Employment Opportunities $30 Million in Construction-Related Contracts 120 Local Contractors/Subs employed Every 100 NSP2 Homes => $1.1M in Commissions 45% of 850 EO are Section 3 Qualified 20% of Construction-Related Contracts = Section 3 Small Business Impact Final Projection = 2330 Employment Opportunities! Previous Projection was 1500 (based on $95K grant

expenditure = 1job)

Data Tracking/Collection/Evaluation NALCAB leads data tracking Data we track

REO suppliers (who do we buy from) Lenders (who provides mortgage financing) Sales Prices / development subsidies Jobs Created LH25 – affordable market sales Demographics (who is buying from us)

DATA dissemination critical to leveraging program’s success

NSP2 Consortium: Seller Market Share

(393 Properties – Activity B SFR Only, 4/17/2012)

9.41%8.65%

8.40%

7.63%

5.60%

5.60%

1.27%1.53%

33.59%

2.80%

2.29%2.29% 2.29%

Fannie Mae B of AWells fargo Chase HUDFreddie Mac OtherUS Bank Deutsche Ocwen USDAPrivate Party Citi Bank

What’s Next Grant Expiration 100% Goal Met

No RISK of Grant funds being ‘swept’ NSP2 LOC will not close on 2/2013

Grant Close-out Period Focus on Meeting “National Objectives” MUST Meet LH25 Objective Final Close-out Guidance not yet issued

5 year window likely for our non-profit coalition After 5 years, any Program Income becomes unrestricted

Close-out Program Strategies Leverage, Leverage, Leverage

100% Goal Met No longer “disadvantaged” by leveraging

Take advantage of “NSP2” relationships ‘First Look’ to acquire discounted properties (min 1%) Ie. leverage $2M of PI ->purchase $10M of discounted prop Great buy and hold for appreciation benefit (after Year 5)

Leverage land investments as equity in redevelopment projects Strategy for consortium members to clear land ‘on their books’

In AZ (as in some other states):Carve out some PI to leverage existing fed funding:

NSP2, NSP3 City funds HHF, AG Funds HOME / CDBG (add census tracts now before grant expiration)

What’s Next – Leverage Success CPLC through our NSP2 engagement has/is demonstrating a

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

Leverage Success Stories we can tell re: homeownership and the provision of affordable rentals to: Establish creative relationships with Major Lenders (with inventory and

need to capture loans) Large scale asset management and development opportunities (HUD

M&M, FNM REO Rental, HUD Notes) ->CGI, Donation Initiative, etc. Special Needs Projects with HUD, Municipalities or Major Lenders (for

CRA credit) NSP being used by HUD as success story for Project Rebuild, part

of President Obama’s American Jobs Act $15 Billion proposed as formula / $5 Billion competitive INCREDIBLE Opportunity!

GR 10/24/2012

Thank You!

GR 10/24/2012

Gracias!

04/12/2023 21

$10 Million Commitment

Thank You!