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April 1, 2010 thru June 30, 2010 Performance Report B-08-MN-06-0515 Grant: Palmdale, CA Grantee: ---PAGE BREAK--- Grant Number: B-08-MN-06-0515 Grantee Name: Palmdale, CA Grant Amount: $7,434,301.00 Grant Status: Active Obligation Date: Award Date: Contract End Date: Original - In Progress Review by HUD: QPR Contact: No QPR Contact Found Disasters: Plan Description: The funds will be used in eligible block groups identified with a HUD risk factor of 7 to 9 and a high concentration of homes financed by subprime mortgage related loans, high percentage of home foreclosures, and areas likely to face a significant rise in the rate of home foreclosures. The funds will be used for acquisition and rehabilitation of foreclosed residences, both multi-family and single family residences, demolition of blighted structures, and a land bank. Census tracts/block groups: 910201-1,2; 910206-1; 910402-1,2; 910403-1; 910404-1,2; 910501-1,2,3; 910502-1,2; 910503-1,2,4; 910601-1,2,3; 910602-1; 910603-1,2,3,4; 910604-2,3,4;910703-1,2; 910705-1,2; 910706-1; 910707-1;; 910710-3,4. NSP Declaration Number The areas of greatest need are the urban neighborhoods and consist of 35 of the 70 block groups in the City of Palmdale. The eligible block groups have over 51% of the population has income of 120% or less of the area median income, and have a HUD assigned risk factor of 7 to 9. Block groups with a risk factor of 10 are rural areas and primarily vacant land. Recovery Needs: $0.00 N/A $105,060.58 $0.00 $12,413.61 $46,710.16 Obligated CDBG DR Funds $0.00 $0.00 Expended CDBG DR Funds Total Projected Budget from All Sources Program Income Drawdown This Report Period Total CDBG Program Funds Budgeted $7,434,301.00 $0.00 $0.00 Match Contributed Program Funds Drawdown To Date $117,474.19 $743,430.00 $7,434,301.00 Overall Program Income Received N/A $0.00 ---PAGE BREAK--- Acquisition, Rehabilitation and Disposition (Incomplete) - City to acquire, rehabilitate and dispose of residential properties for housing those less than 120% of AMI. Subsequent to prior efforts that did not result in acquisition of eligible properties, City has entered into an MOU with the National Community Stabilization Trust (NCST) to acquire single family residential properties to complete this activity. Acqusition, Rehabilitation, Disposition 25% Set Aside (Incomplete) - City to acquire, rehabilitate and dispose of residential properties for housing those less than 50% of AMI. Subsequent to prior efforts that did not result in acquisition of eligible properties, City has entered into an MOU with the NCST to acquire single family residential properties to complete this activity. City has submitted 6 offers to FNMA for single family residences and awaiting response. Demolition (Incomplete) - City to demolish blighted structures. Landbanking (Incomplete) - City to acquire and landbank abandoned and foreclosed properties. Administration (Incomplete) - City is using 10% of NSP funds to administer the program. Acquisition - Redevelopment - (Incomplete) - City will redevelop through acquisition, rehabilitation, including reconstruction, and disposition of vacant properties for housing. Acquisition, Rehabilitation for Public Facility (Incomplete) - City to acquire a vacant commercial building to redevelop into a public facility to house the City's public service providers who provide essential services to households earning 80% or less of AMI. Appraisals, title reports have been obtained for commercial property under consideration. Planning Commission has a finding of conformance with the general plan in May 2010 for Commercial Building and 56 unit apartment complex. Overall Progress Narrative: Progress Toward Required Numeric Targets 99.99% $0.00 $0.00 To Date Limit on Public Services $0.00 0.00% Minimum Overall Benefit Percentage $117,474.19 Requirement Limit on State Admin $0.00 $0.00 Limit on Admin/Planning $1,115,145.15 Required $743,430.10 Minimum Non-Federal Match Progress Toward Activity Type Targets Progress Toward National Objective Targets Project Summary Project Project Title This Report Period To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown 2008-0001, Rehabilitation $0.00 $3,390,871.00 $0.00 2008-0003, Clearance and Demolition $0.00 $150,000.00 $0.00 2008-0004, Land Banking - Acquisition $0.00 $200,000.00 $0.00 2008-0005, Administration $46,710.16 $743,430.00 $105,060.58 2008-006, Redevelop demolished or vacant properties $0.00 $2,950,000.00 $0.00 ---PAGE BREAK--- 9999, Restricted Balance $0.00 $0.00 $0.00 Activities Grantee Activity Number: Projected Start Date: Overall $1,532,291.00 NSP Only - LMMI City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $1,532,291.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-001 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 01/01/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Acquisition - general Planned Activity Description: Acquisition, rehabilitation, and disposition of vacant units. Residential property will be acquired at a minimum discount of The affordability period will be within the HOME Investment Partnership regulations of up to 20 years and will require covenants to be recorded on the properties. If other funding sources are utilized for rehabilitation or redevelopment covenants longer in duration may be recorded on the property. If multi-family residential units are acquired, they will remain rental units. If single- family residential units are acquired, they will remain owner occupied units. Beneficiaries of this activity will be households with up to 120% of area median income. The estimated time to acquire, rehabilitate, and dispose of an average property is two years. The City will monitor the properties for owner occupancy in a single family home or income qualification in a multi-family property and other requirements on an annual basis. Location Description: Eligible Census Tracts and Block Groups with Risk Factor of 7 to 9 as listed in "Recovery Need" section. City is working with NCST on approval of standard purchase agreements for Wells Fargo and Freddie Mac. Planning Commission had a finding of conformance May 2010 on 56 unit apartment complex. City is continuing its due diligence and requested appraisal. 17 offers have been submitted to FNMA for single family residences. Awaiting responses. Activity Progress Narrative: Acquisition, Rehabilitation, Disp Activity Title: Project Number: 2008-0001 Project Title: Rehabilitation $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/18 # of Properties 0 0 0 0/0 0/0 0/18 # of Parcels acquired voluntarily 0 0 No Activity Locations found. Activity Locations No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail ---PAGE BREAK--- Grantee Activity Number: Projected Start Date: Overall $1,858,580.00 NSP Only - LH - 25% Set-Aside City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $1,858,580.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-002 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 01/01/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Acquisition - general Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/1 # of Properties 0 0 0 0/0 0/0 0/12 # of housing units 0 0 Activity Description: Acquisition, rehabilitation and disposition of vacant units for housing for those below 50% of area median income. The property will be acquired at a minimum discount of The land will be granted to a developer for multi family rental property. The affordability period will be within the HOME Investment Partnership Program regulations of up to 20 years and will require covenants to be recorded on the properties. If other funding sources are utilized for rehabilitation or redevelopment covenants longer in duration may be recorded on the property. The estimated time to acquire, rehabilitate, and dispose of an average property is two years. The City will monitor the properties for owner occupancy in a single family home or income qualification in a multi-family property and other requirements on an annual basis. Location Description: Eligible Census Tracts and Block Groups with HUD Risk Factor of 7 to 9 as listed in the "Recovery Need" section. City is working with NCST on approval of standard purchase agreements for Wells Fargo and Freddie Mac. Planning Commission had a finding of conformance May 2010 on 56 unit apartment complex. City is continuing its due diligence and requested appraisal. 17 offers have been submitted to FNMA and Freddie Mac for single family residences. One offer was rejected, one accepted, one pending counteroffer, two have multiple offers being considered, and awaiting response from remaining offers. Activity Progress Narrative: No Activity Locations found. Activity Locations Acquisition, Rehab, Disp 25% S-A Activity Title: Project Number: 2008-0001 Project Title: Rehabilitation $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail ---PAGE BREAK--- Grantee Activity Number: Projected Start Date: Overall $150,000.00 NSP Only - LMMI City of Palmdale 38300 Sierra Highway, Palmdale, CA Total Projected Budget from All Sources Match Contributed $150,000.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-003 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2012 $0.00 To Date 01/01/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Clearance and Demolition Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/4 # of Properties 0 0 Activity Description: Identify substandard units that are a health and safety issue to surrounding residences and/or neighborhoods. The properties will be in eligible areas that do not exceed 120% of area median income. Properties acquired under NSP, demolished, and redeveloped will have affordability covenants recorded against the property. The affordability period will be within the HOME Investment Partnership regulations of up to 20 years and will require covenants to be recorded on the properties. If other funding sources are utilized for rehabilitation or redevelopment covenants longer in duration may be recorded on the property. It is estimated for a property determined to be eligible for this activity to require six months to complete the demolition process. Location Description: Eligible Census Tracts and Block Groups with a HUD risk factor of 7 to 9 as listed in the "Recovery Need" section. This activity will address substandard properties acquired that are substandard, blighted, and the cost of rehabilitation would exceed the cost of new construction. Activity Progress Narrative: No Activity Locations found. Activity Locations No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail Demolition Activity Title: Project Number: 2008-0003 Project Title: Clearance and Demolition $0.00 $0.00 City of Palmdale 38300 Sierra Highway, Palmdale, CA ---PAGE BREAK--- No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources Grantee Activity Number: Projected Start Date: Overall $200,000.00 NSP Only - LMMI City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $200,000.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-004 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 01/01/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Land Banking - Acquisition (NSP Only) Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/4 # of housing units 0 0 Activity Description: Land Banking. The property will be acquired at a discount of The land will be held for an estimated period of up to 5 years for disposition to a developer for multi-family rental property. The affordability period will be within the HOME Investment Partnership Program regulations of up to 20 years and will require covenants to be recorded on the properties. If other funding sources are utilized for rehabilitation or redevelopment covenants longer in duration may be recorded on the property. The City will monitor the properties for owner occupancy in a single family home or income qualification in a multi-family property and other requirements on an annual basis. Location Description: Eligible census tracts and block groups with a HUD risk factor of 7 to 9 as listed in the "Recovery need" section. The City willl identify and acquire foreclosure or abandoned properties for land banking, as appropriate. Activity Progress Narrative: Land Banking - Acq Activity Title: Project Number: 2008-0004 Project Title: Land Banking - Acquisition $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- No Activity Locations found. Activity Locations No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail ---PAGE BREAK--- Grantee Activity Number: Projected Start Date: Overall $743,430.00 N/A City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $743,430.00 N/A $0.00 $0.00 $743,430.00 $117,474.19 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-005 $46,710.16 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 09/29/2008 $105,060.58 Expended CDBG DR Funds Responsible Organization: $12,413.61 Administration Under Way No Performance Measures found. Performance Measures Activity Description: Program Administration including but not limited to application preparation, NEPA Clearance, reporting, acquisition and disposition of units. Location Description: N/A Staff completed reporting for Quarter 1, 2010. Staff is working with NCST and City Attorney's Office on approval of the standard purchase agreements. HUD Monitored the City's NSP during the month of May 2010. Staff is submitting offers for foreclosure properties under FNMA's FirstLook Program on the Homepath website and Freddie Mac foreclosure properties. Staff is continuing its due diligence to acquire apartments and commercial properties. Activity Progress Narrative: No Activity Locations found. Activity Locations No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail NSP Administration Activity Title: Project Number: 2008-0005 Project Title: Administration $117,474.19 $12,413.61 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources Grantee Activity Number: Projected Start Date: Overall $290,000.00 NSP Only - LMMI City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $290,000.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-006 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 09/03/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Acquisition - general Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total Activity Description: Redevelop through acquisition, rehabilitation, including reconstruction, and disposition of vacant properties for housing. Blighted properties such as those that may have fire damage may be demolished under the Demolition project/activity. The affordability period will be within HOME Investment Partnership regulations of up to 20 years and will require covenants be recorded on the properties. If other funding sources are utilized for rehabilitation or redevelopment, covenants longer in duration may be recorded on the property. If multi-family residential units of 5 or more units are acquired they will remain rental units. Beneficiaries of this activity will be households of up to 120% of area median income. The estimated time to acquire, rehabilitate, and dispose of an average property is three years. The City will monitor the properties for owner occupancy in a single family residence or income qualification in a multi-family property and other requirements on an annual basis. Location Description: Eligible Census Tracts and Block Groups with Risk Factor of 7 to 9 as listed in "Recovery Need" section. This activity will address acquiring blighted residential property. Activity Progress Narrative: Acquisition - Redevelopment Activity Title: Project Number: 2008-006 Project Title: Redevelop demolished or vacant properties $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- 0 0/0 0/0 0/2 # of Properties 0 0 0 0/0 0/0 0/2 # of Parcels acquired voluntarily 0 0 No Activity Locations found. Activity Locations No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail ---PAGE BREAK--- Grantee Activity Number: Projected Start Date: Overall $10,000.00 NSP Only - LMMI City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $10,000.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-007 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 09/02/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Homeownership Assistance to low- and moderate-income Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/1 # of Households benefitting 0 0 Activity Description: Provide Housing Counseling/Education for home ownership in the Antelope Valley area through HUD approved provider. NSP Regulations require 8 hours of home buyer education prior to purchasing a property that utilized NSP funding. Location Description: Communitywide Staff is in discussion with the local HUD approved Home Buyer Education Provider regarding having the 8 hour required course provided in Palmdale. Activity Progress Narrative: No Activity Locations found. Activity Locations No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail Direct homeownership Assist & Housing Counseli Activity Title: Project Number: 2008-006 Project Title: Redevelop demolished or vacant properties $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources Grantee Activity Number: Projected Start Date: Overall $2,650,000.00 Low/Mod City of Palmdale 38300 Sierra Highway Palmdale, CA Total Projected Budget from All Sources Match Contributed $2,650,000.00 N/A $0.00 $0.00 $0.00 $0.00 Total CDBG Program Funds Budgeted National Objective: Program Income Drawdown Activity Status: Program Income Received Program Funds Drawdown Projected End Date: Obligated CDBG DR Funds 2008-008 $0.00 $0.00 $0.00 Apr 1 thru Jun 30, 2010 Activitiy Category: $0.00 $0.00 N/A 12/31/2014 $0.00 To Date 09/03/2009 $0.00 Expended CDBG DR Funds Responsible Organization: $0.00 Acquisition - general Planned Performance Measures This Report Period Cumulative Actual Total / Expected Low Mod Total Low Mod Total 0 0/0 0/0 0/1 # of buildings (non-residential) 0 0 Activity Description: Redevelop vacant properties through acquisition, rehabilitation and improvements for public facilities that will provide services for clientele in which 51% of those served are persons of low- and moderate-income. The estimated time to acquire, rehabilitate, provide improvements is one year. The City will monitor that persons served are 51% low-/moderate- clientele. Location Description: Eligible Census Tracts and Block Groups with risk factor of 7 to 9 as listed in "Recovery Need" Section. Staff continues to perform due diligence regarding one of the four locations under consideration. In May the City Council provided Staff direction to negotiate acquisition of the property. In May the Planning Commission found the property to be in conformance with the City's General Plan. Activity Progress Narrative: Acquisition, Rehab for public facility Activity Title: Project Number: 2008-006 Project Title: Redevelop demolished or vacant properties $0.00 $0.00 City of Palmdale 38300 Sierra Highway Palmdale, CA ---PAGE BREAK--- No Activity Locations found. Activity Locations No Other Funding Sources Found Other Funding Sources Amount Total Other Funding Sources No Other Match Funding Sources Found Other Funding Sources Budgeted - Detail