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Neighborhood Stabilization Program (NSP) Overview: Achievements, Partnerships & Future Outlook

Learn about NSP initiatives to combat residential foreclosures, accomplishments in Orange County, community collaborations with Habitat for Humanity, and the program's significance in providing affordable housing. Despite some challenges, the NSP continues to revitalize neighborhoods and generate positive impacts. Discover the strategies, partnerships, and outcomes that are shaping the future of this critical program.

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Neighborhood Stabilization Program (NSP) Overview: Achievements, Partnerships & Future Outlook

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  1. March 25, 2014

  2. Presentation Outline • Background • Program Accomplishments • Community Partnerships • Summary

  3. Presentation Outline • Background • Program Accomplishments • Community Partnerships • Summary

  4. Neighborhood Stabilization Program (NSP) created to respond to rising residential foreclosures Orange County awarded $27.9 million for NSP 1 in 2009 $11.5 million for NSP 3 in 2011 Primary goals were: Acquire and redevelop vacant and abandoned homes Stabilize neighborhoods impacted by foreclosures Background

  5. Background Foreclosure Filings Clerk of Courts Orange County, Florida

  6. Background NSP Program Requirements • Program must serve low to moderate income families • 25% of program funds must serve very low income families • Selection of target areas with greatest need

  7. Background

  8. Background NSP Activities • Acquisition, rehabilitation, sale of foreclosed homes • Acquisition, rehabilitation of foreclosed rental properties • Demolition of abandoned, blighted properties • Downpayment assistance for Homebuyers

  9. Presentation Outline • Background • Program Accomplishments • Community Partnerships • Summary

  10. Program Accomplishments Total Units 679

  11. Program AccomplishmentsHome Sales

  12. Program AccomplishmentsPrior Year Home Sales

  13. Program Accomplishments NSP Clearance/Demolition Activity County Lien Placed on Properties – Code Enforcement Division

  14. Emerald VillasGroundbreaking EventJanuary 19, 2012

  15. Emerald VillasGrand Opening – January 30, 2013

  16. Emerald Villas Rents Average Resident Income: $20,000

  17. Program Accomplishments

  18. Program Accomplishments 100% expenditure deadline by March 2014

  19. Presentation Outline • Background • Program Accomplishments • Community Partnerships • Summary

  20. Community PartnershipsPrivate Sector • Title companies and appraisers assist with acquisition of NSP homes • Realtors and lenders assist with sale of NSP homes • Contractors provide the rehabilitation work

  21. Community PartnershipsHabitat For Humanity • Assist Orange County in meeting the very low income requirement • The Perfect Partner • Experience in building and rehabilitating homes • Program in place to prepare very low income households for home ownership • Provides their own financing

  22. Habitat For Humanity6002 Avery Street - Before

  23. Habitat For Humanity6002 Avery St -Volunteers Replacing the Roof

  24. Habitat For Humanity6002 Avery Street - After

  25. Habitat For Humanity2116 San Jose Blvd - Before

  26. Habitat For Humanity2116 San Jose Blvd -Roll in Shower

  27. Habitat For Humanity2116 San Jose Blvd - After

  28. Habitat For Humanity5515 Oakfield St - Before

  29. Habitat For Humanity5515 Oakfield - Driveway

  30. Habitat For Humanity5515 Oakfield Street - After

  31. Habitat For Humanity5515 Oakfield St - Happy Children in their New Home

  32. Habitat For HumanityEnergy Efficient Features • Exterior Features • White roof shingles (reflects light) • Energy efficient dual pane, low “e” windows • Florida friendly landscaping used • R 4.1 foil insulation on outside masonry wall (reflects heat) & R-30 ceiling insulation • Interior Features • 14 Seer air conditioning units • Low volume water star toilets, shower heads, and aerators on bathroom faucets • Fluorescent lighting & Energy Star appliances installed • Programmable thermostats

  33. Habitat For HumanityProgram Data • Purchased 35 homes to date • Sold 23 homes to very low income buyers

  34. From our Habitat Families THANK YOU!

  35. Presentation Outline • Background • Program Accomplishments • Community Partnerships • Summary

  36. Summary • Pace of program is slowing • Continue to redevelop distressed properties • Generating program income • Source of affordable housing

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