Neighborhood Stabilization Program
Title III (the Neighborhood Stabilization Program) of the Housing and Economic Recovery Act of 2008 appropriated $2,466,039 to Avondale for assisting in the redevelopment of foreclosed homes. The Avondale City Council approved the use of NSP funds in its NSP Plan on November 17, 2008 and was then further amended October 19, 2009 to include additional targeted neighborhoods and to reallocate the rental rehabilitation funds to homebuyer assistance. At this time, the City has allocated and/or obligated 100% of its NSP funds.
|
NSP Target Neighborhoods
|
|
Waterford Square
|
Harbor Shores
|
|
Rio Crossing
|
Palm Gardens
|
|
Fieldcrest
|
Durango Park
|
|
Littleton Manor
|
Coldwater Ridge
|
|
Cambridge Estates
|
Upland Park
|
|
Starlight Trail
|
Westwind
|
|
Sanctuary
|
Garden Park
|
|
Palm Meadows
|
Crystal Point
|
|
Los Arbolitos Ranch
|
Litchfield Mountain View
|
|
Glenhurst
|
* Roosevelt Park Phase 1
|
|
Coldwater Springs
|
Crystal Ridge
|
|
Diamond Ridge
|
Fulton Estates
|
|
Dysart Ranch
|
Donatella II
|
|
Tres Rios Landing
|
Cantada Ranch
|
|
Garden Trails
|
|
|
NSP Allocations
|
|
Activity
|
Original NSP Allocation
|
Amended Allocation
|
|
Units
|
Allocation
|
Units
|
Allocation
|
|
Acquisition, Rehabilitation and Sale Homes and Homeownership Assistance
|
40
|
$1,230,000
|
41
|
$2,014,315
|
|
Acquisition, Rehabilitation and Operation of Rental Housing (25% Set Aside for 50% AMI)
|
4
|
$616,510
|
0
|
$0
|
|
Demolition of Vacant, Foreclosed Properties
|
3
|
$372,925
|
4
|
$372,925
|
|
Administration
|
N/A
|
$246,604
|
N/A
|
$78,799
|
|
Total
|
|
$2,466,039
|
|
$2,466,039
|
Neighborhood Stabilization Program 1
Title III (the Neighborhood Stabilization Program) of the Housing and Economic Recovery Act of 2008 appropriated $2,466,039 to Avondale for “assisting in the redevelopment of foreclosed homes.” The NSP has the following elements:
Maps depicting the areas to which NSP 1 funds were targeted are provided below:
Avondale Neighborhoods Targeted
Eligible Middle Income Areas
Percentage of High Cost Loans
Percent of Delinquent Loans Avondale Neighborhoods
Foreclosure Numbers by Neighborhood
Percent of Foreclosed Avondale Neighborhoods
Avondale Neighborhoods with Above Average Percentage of Foreclosed Homes
Housing Conditions of Foreclosed Homes
NSP Quarterly Performance Reports
Quarterly Report 1 - April to June 2009
Quarterly Report 2 - July to September 2009
Quarterly Report 3 - October to December 2009
Quarterly Report 4 - January to March 2010
It is the policy of the City of Avondale to serve all persons regardless of race, color, religion, gender, national origin, age or disability. Persons requiring hearing, visual, mobility, language or other accommodations may contact the City at 623.333.2700; TDD, 623.333.0010 to make special arrangements. Los individuos que requieren acomodacion razonable pueden solicitor llamando al (623) 333.2700.