Orange County
Neighborhood Stabilization
Program Update
February 17, 2009
Presentation Outline
• Background
• Initial NSP Implementation Strategy
• Revised NSP Implementation Strategy
• Action Requested
Presentation Outline
• Background
• Initial NSP Implementation Strategy
• Revised NSP Implementation Strategy
• Action Requested
Background
• Neighborhood Stabilization Program (NSP)
created to respond to rising residential
foreclosures and property abandonment.
was
• Orange County was allocated $27.9 million
• Board of County Commissioners approved the
County’s NSP Plan on November 18, 2008.
• Expenditure deadline for NSP funding 18 months
from execution of Grant Agreement with HUD
Background
Orange County Foreclosure Filings
30,000
25,000
26,131
20,000
15,000
10,000
5,000
0
11,351
5,067
2006
2007
2008
Background
Orange County
Foreclosure Activity
Background
Selected NSP Target Areas:
• Meadow Woods
• Pine Hills
• Azalea Park
• Holden Heights/Oak Ridge
• Union Park
Background
NSP Activities:
• Acquisition, rehabilitation and sale of foreclosed
homes
• Acquisition and rehabilitation of foreclosed rental
properties
• Demolition of abandoned and blighted properties
• Redevelopment of demolished or vacant properties
• Financial Mechanisms for homeownership including:
– Downpayment assistance
– Closing cost assistance
Presentation Outline
• Background
• Initial NSP Implementation Strategy
• Revised NSP Implementation Strategy
• Action Requested
Initial NSP
Implementation Strategy
• Housing and Community Development Division
would coordinate with other nonprofit housing
development agencies
• Non-profit agencies would acquire, repair and
sell NSP homes
– Hold title to properties
– Issue bids
– Monitor construction
– Pay vendors
– Sell homes
Initial NSP
Implementation Strategy
Concerns:
• Title to properties
• Liability and risk
• Limited control
• Inability to ensure objective procurement
process
Presentation Outline
• Background
• Initial NSP Implementation Strategy
• Revised NSP Implementation Strategy
• Action Requested
Revised NSP
Implementation Strategy
• Orange County will hold title to all the
properties and coordinate the following:
– Acquisition, repair and sale of NSP homes
– Work with all private companies to provide
needed services
– Work with the nonprofit partners to assist
us in achieving program requirements
– Create Internal NSP team
Revised NSP Implementation Strategy
Create Internal NSP Team
OVERSIGHT COMMITTEE
Legal
Ex-Officio
County Administration
Linda Weinberg, Deputy County Administrator
Real Estate
Purchasing
OMB
Neighborhood
Services
NSP Administration
Mitchell Glasser, Manager
Frantz Dutes, Assistant Manager
Acquisition
Housing
Repairs
Marketing
and
Sales
Fiscal
Revised NSP
Implementation Strategy
Purchasing and Contracts Division:
• Coordinate with Purchasing to secure required
services such as:
– Contractors
– Survey
– Appraisal
– Title Company
– Lawn Maintenance
Revised NSP
Implementation Strategy
Oversight and Accountability:
• Bi-monthly meetings with oversight committee
• Quarterly reports to BCC
• Quarterly reports to HUD
Revised NSP
Implementation Strategy
NSP Critical Path
Executed HUD Agreements
18 Months
- Issue Bids for Services
-
Identify Properties, Conduct Due Diligence
Negotiate Acquisition
Close on Single Family Properties
Complete Renovations
Market Properties
- Convey Properties
- HUD/BCC Reporting
Efficiently Expend $28 million
Presentation Outline
• Background
• Initial NSP Implementation Strategy
• Revised NSP Implementation Strategy
• Action Requested
Action Requested
Adoption of a Resolution authorizing
the Mayor or his designee
to acquire and convey title
of real properties within the
Neighborhood Stabilization Program
on behalf of Orange County.