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State of Illinois Neighborhood Stabilization Program

State of Illinois Neighborhood Stabilization Program. Illinois Department of Human Services March 2009. Housing & Economic Recovery Act of 2008 (HERA) Overview. Passed by Congress in July 2008 Included $3.9B Neighborhood Stabilization Fund

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State of Illinois Neighborhood Stabilization Program

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  1. State of IllinoisNeighborhood Stabilization Program Illinois Department of Human Services March 2009

  2. Housing & Economic Recovery Act of 2008 (HERA) Overview • Passed by Congress in July 2008 • Included $3.9B Neighborhood Stabilization Fund • Objectives: To stabilize communities affected by the foreclosure crisis by assisting with redevelopment of abandoned and foreclosed homes. • Requirement: 18 month obligation period + 4 years to complete project

  3. State of Illinois Allocation • HUD allocated funds to all 50 states • State of Illinois • NSP entitlement communities: $120M • State allocation: $53M • Total to State: $173M

  4. State Partner Agencies • Lead Administering Agency • Illinois Department of Human Services • Partner Agencies • Illinois Housing Development Authority • Illinois Department of Commerce and Economic Opportunity

  5. Overall Goals • Stabilize areas hardest hit by foreclosures & property abandonment • Target resources towards households earning 50% AMI or less • Increase community based housing options for DHS populations • Ensure complete obligation of funds within 18 month timeframe

  6. Guiding Principles • Direct NSP funds to Comprehensive Housing Plan & other initiatives • Target innovation in Long Term Care Rebalancing & supportive housing initiatives • Encourage partnerships within & among communities for greatest impact

  7. Guiding Principles, cont. Encourage: • Diverse & integrated communities • Use of private & public resources • Green technology, accessibility, adaptability, & other innovative designs • Participation by women & minority owned businesses

  8. Plan Objectives • Flexibility: Allow applicants to pursue any eligible activity as defined by HUD • Statewide application: Geographic Areas of Need • Non-Entitlement Areas; no direct NSP allocation • CDBG Entitlement Area; no direct NSP allocation • CDBG Entitlement Area; NSP Grantee

  9. Eligible Activities • Purchase & Rehabilitation of abandoned or foreclosed homes and residential properties for sale or for rent • Financing mechanisms • Demolition of blighted structures • Land banking of foreclosed property • Redevelopment of vacant or abandoned property

  10. Eligible Applicants • Units of local government (municipalities, counties, etc) • Housing Authorities • Non-profit developers and organizations • For-profit developers

  11. Evaluation Criteria • Address area of greatest need • Readiness to proceed • Capacity to complete project • Community impact • Target households under 50% AMI • Target priority populations

  12. Priority Populations • Goal: Use up to 40% NSP funds to households earning 50% AMI or less • Includes State’s priority special needs populations • Housing objectives: • Accessible for-sale and rental units • Permanent Supportive Housing

  13. Technical Assistance • Corporation for Supportive Housing & Supportive Housing Providers Association • Permanent Supportive Housing • Development TA • Illinois Assistive Technology Program • Homeownership opportunities for individuals with disabilities • Illinois Black Chamber of Commerce • BEP vendor assistance

  14. Next Steps: Timeline • Request for Proposals posted • Applicant Conferences • Application Submission Date • Application Review period • Approval Notification March 4 Mar 9 - 17 May 4 Thru June Early-Mid July

  15. Questions? • NSP Website: http://www.dhs.state.il.us/nsp • DHS Contacts: • Kirstin Williams, NSP Project Manager Kirstin.Williams@illinois.gov 312-793-4980 • Dean Martinez Special Advisor to the Secretary for NSP Dean.Martinez@illinois.gov • IHDA Contact: • Vanessa Hill Vanhill@ihda.org 312-836-7423

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