DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP, Director
COUNCIL DISTRICTS IMPACTED: 1 - 5
SUBJECT:
Neighborhood Stabilization Program Funding Recommendation
SUMMARY:
Ordinance approving Substantial Amendment #2 to the FY2020 HUD Action Plan and Budget awarding up to $700,000 in Neighborhood Stabilization Program (NSP) funding to Neighborhood Housing Services of San Antonio, Inc. for the development of 14 affordable (infill) homeownership housing units and amending the NSP target areas.
BACKGROUND INFORMATION:
The Neighborhood Stabilization Program (NSP) was authorized under Division B, Title III of the Housing and Economic Recovery Act of 2008 (HERA) to help communities recover from the effects of foreclosures, abandoned properties, and declining property values. The City received a one-time award of $8.6 million in NSP funding from the U.S. Department of Housing and Urban Development in March 2009. Although the City met the NSP expenditure deadline in December 2013, the City has generated program income that can be programmed to other eligible activities. This funding award recommendation is for eligible activities.
On November 8, 2019, the City issued a Request for Applications (RFA) in the amount of $950,000 in NSP funding to develop 19 infill lots into affordable homeownership housing in the newly-proposed NSP target areas. The newly-proposed NSP target areas include (1) Opportunity Zones and census tracts that have (2a) at least 10% concentration of residential properties built in 1960 or prior and (2b) at least 10% vacancy rate (map attached). Applications were due on December 11, 2019. The City received applications from two respondents: Neighborhood Housing Services of San Antonio, Inc. and Westcare Texas. Both applications were evaluated by a panel that consisted of: Lori Houston, Assistant City Manager, City Manager's Office; Ver?nica R. Soto, Director, Neighborhood and Housing Services;...
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