City Housing Programs “Encouraging Homeownership and Reinvestment in our Neighborhoods”

1. City Housing Programs“Encouraging Homeownership andReinvestment in our Neighborhoods”

2. Overview • Neighborhood Stabilization Program 1 • Overview and Update • Neighborhood Stabilization Program 3 • Overview and Update • Rental Developer Procurement Agenda Item • Rental Developer Agreement Agenda Item • Potential Conflict of Interest Agenda Item • Community Development Block Grant • Overview and Update • Fair Housing Information

3. Neighborhood Stabilization Program 1

4. Program Overview • State Administered $2.6M Grant to Purchase/Rehab/Resell/Lease Foreclosed Homes to Qualified Applicants • City-Wide Target Area with Some Exceptions • Contracted with Following Entities: • Flagler County (Applicant Intake) • Guardian Resource Management (Grant Consultant) • Fred Fox Enterprises, Inc. and Flagler Home Services Corporation (Resale Developers) • Mid-Florida Housing Partnership, Inc. (Non-Profit Housing Counselors and Rental Developers)

5. Program Update • Demonstrated 100% Obligation of Grant Funds by September 1, 2010 Deadline • Expended 100% of Grant Funds by September 1, 2011 Deadline • Expected to Meet Beneficiary Goals within next 60 days (September 2012 Deadline) – All Initial Homes Now Under Contract • Now in Program Income Phase • When Homebuyers Purchase NSP Home, Money is Returned to Program and must be Reinvested in Program Activities

6. Program Update • 46 buyer applications have been reviewed and approved. • 23 foreclosed/distressed/abandoned homes been purchased and have been renovated (or under renovation) • 19 homes are have been resold/leased to qualified individuals • 4 homes are under contract and are scheduled to close within the next 60 days. • 8 approved applicants are on the waiting list. • Average Home Price: $107k / Average Repairs: $13k

7. Program Update

8. Neighborhood Stabilization Program 3

9. Program Overview • HUD Administered $1.4M Grant to Purchase/Rehab/Resell/Lease Foreclosed Homes to Qualified Applicants • Smaller Target Area (Part of R&P Section) • Buyer/Realtor Driven Program • Contracted with Following Entities: • Flagler County (Applicant Intake) • Guardian Resource Management (Grant Consultant) • Mid-Florida Housing Partnership, Inc. (Non-Profit Housing Counselors) • Rental Developer (Agenda Item)

10. Program Update Completed Items • Completed Federal Environmental Review • Received Release of Funds from HUD • Required Notices Published • Marketing Program (Media, Video, and Website) • Realtor Lunch & Learn (50 Attendees) • Applicant Workshop (150 Attendees) Grant Deadlines • Demonstrate 50% Expenditure of Grant Funds by March 9, 2013 Deadline • Demonstrate 100% Expenditure of Grant Funds by March 9, 2014 Deadline

11. Community Development Block Grant Program

12. Program Overview • $750,000 CDBG Housing Rehabilitation Grant Program • Home-owner occupied rehabilitation and/or demolition/reconstruction • Homes that deteriorating and homeowner has no funds/ability to repair (i.e. seniors or disabled persons on social security) • Benefits homeowner, neighborhood, and contractors • Contracting with Following Entities: • Flagler County (Applicant Intake) • Guardian Community Resource Management (Grant Consultant) • Contractors for Rehabilitation

13. Program Update Completed Items • Completed Federal Environmental Review • Received Release of Funds from State • Required Notices Published • Marketing Program (Media and Website) • Applicant Workshop (75 Attendees) Grant Deadlines • Closeout Grant by June 17, 2013

14. Fair Housing Info It is illegal to discriminate based on the race, color, religion, gender, National origin, age, handicap/disability, or familial status when renting, selling or financing a home or property. You Have Rights!! If you feel you have been discriminated against when purchasing or renting a home please contact: Beau Falgout Community Development Department 160 Cypress Point Parkway, Suite B-106 Palm Coast, FL  32164 Telephone: (386) 986-3796

15. NSP3 Rental Developer Procurement • Followed City Purchasing Policy • One Response Received • Similar to NSP1 • NSP1 Re-Advertised to Major Markets (Miami, Tampa, Jacksonville, Orlando) *Still One Response • HUD may consider Sole Source • Following 24 CFR Regulations • City Council Approval of Procurement Process • Request to HUD before Final Contract Execution

16. NSP3 Rental Developer Agreement • Adherence to Grant Requirements • Federal, State, and Local • Scope of Services • Authorized up to (4) Units • Mortgage and Deed Restrictions • Requirements for On-Going Maintenance • Numerous Safeguards to Minimize Risk • Minor Changes

17. Potential Conflict of Interest • Conflict of Interest Process and Procedure • Prevent Unfair Advantages in Program • Process Outlined in Local Housing Assistance Plan and HUD Regulations • Public Disclosure • Local Determination • Request of Waiver from FDEO/HUD, if Required • Applicant Nicole DiMattina • City Employee, Purchasing Technician I • City Employee Relatives • Joe DiMattina, Public Works Supervisor • Christine DiMattina, Accounting Technician I • Staff and CATF Recommendation that No Conflict of Interests Exist