How To Build A Home In A Neighborhood Of A Large Size

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1 Action Plan Grantee: Grant: Worcester, MA B-08-MN Grant Amount: $ 2,390, Status: Reviewed and Approved Funding Sources No Funding Sources Found Narratives Areas of Greatest Need: The City of Worcester will make avaialable HUD NSP grant funds and other funds to the following 15 US Census Tracts: CT ; ; ; ; ; ; ; ; ; ; ; ; ; ; The city will give priority to the folowing five (5) U.S. Census tracts, which are those census tracts ranked by HUD as having the highest abandonment risk score of ten (10): CT ; ; ; ; The "HUD Predicted 18-month Underlying Problem Forcleosure" rate for all forty-one (41) census tracts in the City of Worcester is projected to affect 8.5% of residential properties in the city, while the projected rate in the top five NSP Target areas is 12.6%, representing the highest rate of pending foreclosure actions projected in the City over the next 18 months as have been determined to be the areas of highest need. Where possible, it is the city's intention is to leverage NSP funds with state resources, including NSP funding, as well as conventional financing from local lenders. Distribution and and Uses of Funds: The city will fund the following activities in the designated high risk areas: 1. Rehab Subsidies for homebuyers for Households earning between 51% and 120% AMI. a. Rehabiliation Subsidies b. Training for homebuyers in Purchase and Rehabiliation of a property c. Rehab Specialist Services for Homebuyers 2. Non-profit and for profit Developer Assistance - rehab subsidies a. Developer Subsidies to rehabilitate or redevelop foreclosed or otherwise NSP eligible properties. b. Loan Funds for Housing Receivers to stabilize tenants and properties 3. Strategic Demolition of Blighted Properties a. In context of neighborhood plans 4. Land banking and alternative sources of financing 5. Program Administration and contracted services. Definitions and Descriptions: Low Income Targeting: Acquisition and Relocation: Public Comment: Project Summary Project # Project Title Grantee Activity # Activity Title 25% SET ASIDE 25% Set Aside 114 Austin 114 Austin Street 1

2 140 Grand 140 Grand Street 161 Austin 161 Austin Street 18 Kingsbury - set aside 18 Kingsbury 5 May Street 5 May Street 65 Providence 65 Providence 71 Hollis 71 Hollis Street 9 Lagrange 9 Lagrange Street SET ASIDE 25% - FINAL 25% set aside 9999 Restricted Balance No activities in this project ADMIN Administration ADMIN - FINAL Administration BCKT Bucket Project ADMIN-01 Admin DEMO- 01 Developer Rehab -02 HO REHAB 01 LNDBNK-01 NSP - 25% Set -Aside Strategic Demolition Developer Rehab Homeowner Rehab Assistance Land Banking Assistance NSP - 50% AMI Category DEMO Strategic Demolition DEMO - FINAL Strategic Demolition REHAB Housing Rehabilition 114 Austin Mod 114 Austin Street 14 Benefit Terrace 14 Benefit Terrace 15 Kilby 15 Kilby Street 161 Austin Mod 161 Austin 18 Kingsbury 18 Kingsbury Street 23 Wyman 23 Wyman 25 Preston 25 Preston Street 4 Russell 4 Russell Street 5 Preston Street 5 Preston Street 5 Qunicy 5 Quincy Street 58 Ames 58 Ames Street 65 Providence Mod 65 Providence 67 Southgate 67 Southgate Street 71 Hollis Mod 71 Hollis Street 9 Lagrange Mod 9 Largrange Street REHAB-FINAL Housing Rehab Activities 2

3 114 Austin 114 Austin Street 25% SET ASIDE 06/01/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. Planned 25% Set Aside 09/30/2010 Budget, Program Funds: $ 40, Funds Amount: $ 40, Low Mod # Renter Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 40, Austin Street, Worcester, MA Census Tract 7315 Residential Rehabilitation of (4) unit structure. 3

4 114 Austin Mod 114 Austin Street REHAB 06/01/2010 Planned Housing Rehabilition 09/30/2010 Budget, Program Funds: $ 120, Funds Amount: $ 120, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 Grantee Employees and Contractors $ 120, Austin Street, Worcester, MA Census Tract 7315 Renovation of (4) unit structure. 4

5 14 Benefit Terrace 14 Benefit Terrace REHAB 06/01/2010 Housing Rehabilition 09/30/2010 Budget, Program Funds: $ 45, Funds Amount: $ 45, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 No $ 45, Benefit Terrace, Worcester, MA Census Tract 7313 Residential rehabiliation of three-family property located within targeted neighborhood 5

6 140 Grand 140 Grand Street 25% SET ASIDE 03/15/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. Completed 25% Set Aside 11/15/2010 Budget, Program Funds: $ 150, Funds Amount: $ 150, Low Mod # Renter Households # of Households # of Multifamily Units 25 # of Housing Units 25 Grantee Employees and Contractors $ 150, Grand Street, Worcester, MA Census Tract 7330 New construction of 25 unit residential housing structure to be used as rental property. Property is owned and operated by local non-profit agency. Redevelopment of site after demolition of blighted factory structure. 6

7 15 Kilby 15 Kilby Street REHAB 06/01/2010 Housing Rehabilition 09/01/2010 Budget, Program Funds: $ 90, Funds Amount: $ 90, Low Mod # Renter Households # of Households # of Singlefamily Units 3 # of Housing Units 3 Contractors $ 90, Kilby Street, Worcester, MA Census Tract 7313 Residential rehabiliation of CDC owned three-family property located within targeted neighborhood 7

8 161 Austin 161 Austin Street 25% SET ASIDE 08/15/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 11/15/2010 Budget, Program Funds: $ 40, Funds Amount: $ 40, Low Mod # Owner Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 40, Austin Street, Worcester, MA Census Tract 7315 Residential rehabiliation of CDC-owned three-family property. The property was purchased by the CDC through the Massachusetts CHAPA First-Look Program 8

9 161 Austin Mod 161 Austin REHAB 08/15/2010 Housing Rehabilition 11/15/2010 Budget, Program Funds: $ 80, Funds Amount: $ 80, Low Mod # Renter Households 2 2 # of Households 2 2 # of Singlefamily Units 2 # of Housing Units 2 Grantee Employees and Contractors $ 80, Austin Street, Worcester, Ma Census Tract 7315 Residential rehabilition of foreclosed property purchased by a local CDC through the Massachusetts CHAPA First-Look Program 9

10 18 Kingsbury 18 Kingsbury Street REHAB 08/15/2010 Housing Rehabilition 11/15/2010 Budget, Program Funds: $ 150, Funds Amount: $ 150, Low Mod # Renter Households 2 2 # of Households 2 2 # of Singlefamily Units 2 # of Housing Units 2 Grantee Employees and Contractors $ 150, Kingsbury Street, Worcester, MA Census Tract 7314 Residentail rehabiliation of foreclosed three-family property. Property to be owner-occupied upon completion 10

11 18 Kingsbury - set aside 18 Kingsbury 25% SET ASIDE 08/15/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 11/15/2010 Budget, Program Funds: $ 28, Funds Amount: $ 28, Low Mod # Owner Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 28, Kingsbury Street, Worcester, MA Rehabilitation of foreclosed three-family property. One unit available to occupants with incomes not exceeding 50% AMI, one unit owner-occupied with income not exceeding 80% AMI, one unit rented to occupants with income not exceeding 80% AMI. 11

12 23 Wyman 23 Wyman REHAB 03/01/2010 Completed Housing Rehabilition 06/30/2010 Budget, Program Funds: $ 71, Funds Amount: $ 71, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 Grantee Employees and Contractors $ 90, Wyman Street, Worcester, MA Census Tract 7313 Residential rehabilitation of vacant three-family property located within target neighborhood. 12

13 25 Preston 25 Preston Street REHAB 03/01/2010 Housing Rehabilition 06/01/2010 Budget, Program Funds: $ 90, Funds Amount: $ 90, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 Grantee Employees and Contractors $ 90, Preston Street, Worcester, Ma Census Tract 7314 Rehabilitation of three-family property. Property to be owner-occupied with two rental units. 13

14 4 Russell 4 Russell Street REHAB 04/01/2010 Completed Housing Rehabilition 07/15/2010 Budget, Program Funds: $ 30, Funds Amount: $ 30, Low Mod # Owner Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 12, Russell Street, Worcester, MA Census Tract 7315 Residential rehabilitation of foreclosed property purchased by first-time homebuyer. 14

15 5 May Street 5 May Street 25% SET ASIDE 04/01/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 10/30/2010 Budget, Program Funds: $ 200, Funds Amount: $ 200, Low Mod # Renter Households # of Households # of Multifamily Units 13 # of Housing Units 13 Grantee Employees and Contractors $ 200, May Street, Worcester, MA Census Tract 7312 Residential rehabiliation of 13-unit rental property. This property has been significantly funded by NSP funds through DHCD 15

16 5 Preston Street 5 Preston Street REHAB 03/01/2010 Housing Rehabilition 06/01/2010 Budget, Program Funds: $ 38, Funds Amount: $ 38, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 Grantee Employees and Contractors $ 40, Preston Street, Worcester, MA Census Tract 7314 Residential rehabiliation of three-family property located within targeted neighborhood 16

17 5 Qunicy 5 Quincy Street REHAB 03/01/2010 Completed Housing Rehabilition 06/01/2010 Budget, Program Funds: $ 13, Funds Amount: $ 13, Low Mod # Owner Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 13, Quincy Street, Worcester, Ma Census Tract 7315 Residential rehabiliation of foreclosed single-family property. Property purchased by first-time homebuyer. 17

18 58 Ames 58 Ames Street REHAB 04/01/2010 Housing Rehabilition 08/15/2010 Budget, Program Funds: $ 50, Funds Amount: $ 50, Low Mod # Renter Households 1 1 # Owner Households 1 1 # of Households 2 2 # of Singlefamily Units 2 # of Housing Units 2 Grantee Employees and Contractors $ 50, Ames Street, Worcester, MA Census Tract 7327 Residential rehabiliation of CDC-owned two-family structure to be sold to income eligible homebuyer. 18

19 65 Providence 65 Providence 25% SET ASIDE 06/01/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 09/30/2010 Budget, Program Funds: $ 20, Funds Amount: $ 20, Low Mod # Renter Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 20, Providence Street, Worcester, MA Census Tract 7324 Residential rehabiliation of CDC owned three-family property 19

20 65 Providence Mod 65 Providence REHAB 06/01/2010 Housing Rehabilition 09/30/2010 Budget, Program Funds: $ 41, Funds Amount: $ 41, Low Mod # Renter Households 2 2 # of Households 2 2 # of Singlefamily Units 2 # of Housing Units 2 Contractors $ 41, Providence Street, Worcester, MA Census Tract 7324 Residential Rehabiliation of CDC owned three-family property 20

21 67 Southgate 67 Southgate Street REHAB 03/15/2010 Housing Rehabilition 06/15/2010 Budget, Program Funds: $ 30, Funds Amount: $ 30, Low Mod # Renter Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 30, Southgate Street, Worcester, MA Census Tract 7330 Residential rehabiliation of single-family property. 21

22 71 Hollis 71 Hollis Street 25% SET ASIDE 08/15/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 11/15/2010 Budget, Program Funds: $ 20, Funds Amount: $ 20, Low Mod # Renter Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 20, Hollis Street, Worcester, MA Census Tract 7313 Residential rehabiliation of CDC-owned four-unit property. The property was purchased by the CDC through the Massachusetts CHAPA First-Look Program. 22

23 71 Hollis Mod 71 Hollis Street REHAB 08/15/2010 Housing Rehabilition 11/15/2010 Budget, Program Funds: $ 30, Funds Amount: $ 30, Low Mod # Renter Households 3 3 # of Households 3 3 # of Singlefamily Units 3 # of Housing Units 3 No $ 60, Hollis Street, Worcester, MA Census Tract 7313 Residential rehabiliation of CDC-owned four-unit property. Property was purchased by the CDC through the Massachusetts CHAPA First-Look Program. 23

24 9 Lagrange 9 Lagrange Street 25% SET ASIDE 03/01/2010 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 06/01/2010 Budget, Program Funds: $ 20, Funds Amount: $ 20, Low Mod # Renter Households 1 1 # of Households 1 1 # of Singlefamily Units 1 # of Housing Units 1 Grantee Employees and Contractors $ 20, Lagrange Street, Worcester, MA Renovation of existing four (4) unit structure. 24

25 9 Lagrange Mod 9 Largrange Street REHAB 03/01/2010 Housing Rehabilition 06/01/2010 Budget, Program Funds: $ 40, Funds Amount: $ 40, Low Mod # Renter Households 2 2 # of Households 2 2 # of Singlefamily Units 2 # of Housing Units 2 No $ 40, Lagrange Street, Worcester, MA Renovation of three (3) unit structure for use as affordable rental housing. 25

26 ADMIN - FINAL Administration Administration ADMIN 03/09/2009 Not Applicable - (for Planning/Administration or Unprogrammed Funds only) Administration 08/08/2013 Budget, Program Funds: $ 239, Funds Amount: $ 239, NA No $ 239, The City will make NSP funds available for all actvivites in all fifteen (15) Census Tracts identified by HuD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City will hire a coordinator for the implementation of the NSP program. The coordinator will also serve as the liaison for the effective integration of the State NSP funds and other funds with the City NSP funds. The coordinator will oversee the balance of the NSP administrative funds, which will be used for contracted services such as legal, appraisals, and other reequired services. 26

27 ADMIN-01 Admin Administration BCKT 03/09/2009 Not Applicable - (for Planning/Administration or Unprogrammed Funds only) Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: NA No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City will hire on coordinator for the implementation of the NSP program. The coordinator will also serve as the liaison for the effective integration of the State NSP funds and other funds with the City NSP and other funds. The coordinator will oversee the balance of the NSP administrative funds, which will be used for contracted services such as legal, appraisals, and other required services. 27

28 DEMO - FINAL Strategic Demolition Clearance and Demolition DEMO 03/09/2009 Strategic Demolition 08/08/2013 Budget, Program Funds: $ 400, Funds Amount: $ 400, NA 0 No $ 400, The City will make NSP funds available for all actvivites in all fifteen (15) Census Tracts identified by HuD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City will undertake demolition in the City's targeted, high-risk areas as part of overall neighborhood stabilization efforts in these areas. Structures to be demolished must meet the City's definition of blighted structures; noresidents will be 28

29 DEMO- 01 Strategic Demolition Clearance and Demolition BCKT 03/09/2009 Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: NA 0 No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City will undertake demolition in the City's targeted, high-risk areas as part of overall neighborhood stabilization efforts in these areas. Structures to be demolished must meet the City's definition of blighted structures; no residents will be evicted to accommodate any demolition. 29

30 Developer Rehab -02 Developer Rehab BCKT 03/09/2009 Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: Low Mod # of Households # of Housing Units 60 # of Properties 20 No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 Assistance to private individuals and entities, including profit making and nonprofit organizations, to acquire for the purpose of rehabiliation (Receivership), and to rehabilitate properties, for use or resale for residential purposes. 30

31 HO REHAB 01 Homeowner Rehab Assistance BCKT 03/09/2009 Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: Low Mod # Owner Households # of Households # of Housing Units 20 No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 This activity will provide housing rehabiliation assistance to individuals who purchase a foreclosed or otherwise eligible property for the purpose of making the property their primary residence. The City will work closely with MHP and MassHousing to continue work on program design with a goal of ensuring that the NSP funded rehab enhancements to the exisiting successful home purchase programs will be attractive and accessible to households earning up to 120% of AMI or as little as 50% of AMI in some cases. Many of the foreclosed or otherwise eligible homes purchased and rehabilitated are expected to be multi-family properties that will provide quality rental opportunities for Worcester residents as well. 31

32 LNDBNK-01 Land Banking Assistance Land Banking - Acquisition () BCKT 03/09/2009 Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: NA # of Properties No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 Activity has been cancelled. This activity is planned for use using state allocated funds and NOT funds from this project. 32

33 NSP - 25% Set -Aside NSP - 50% AMI Category BCKT 03/09/2009 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. Cancelled Bucket Project 08/08/2013 Budget, Program Funds: Funds Amount: Low Mod # of Households # of Housing Units 30 # of Properties 5 No The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City expects the non-profit and for-profit developer community to give consideration to providing housing units for populations below 50% of AMI (See NSP-LMMI Activity). The City will also work closely with with the State to reach statewide goals of serving populations less than 30% AMI. The City's HO REHAB-01 Activity is expected to result in newly rehabbed rental units available to households earning at or below 50% AMI as well. 33

34 REHAB-FINAL Housing Rehab REHAB 03/09/2009 Housing Rehabilition 08/08/2013 Budget, Program Funds: $ 151, Funds Amount: $ 151, Low Mod # of Households # of Housing Units 80 # of Properties 30 No $ 1,153, The City will make NSP funds available for all activities in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 This activity will provide housing rehabilitation assistance to private individuals and entities, including profit making and nonprofit organizations, for use or resale of properties for residential purposes. 34

35 SET ASIDE 25% - FINAL 25% set aside 25% SET ASIDE 03/09/2009 LH25: Funds targeted for housing for households whose incomes are at or under 50% Area Median Income. 25% Set Aside 08/08/2013 Budget, Program Funds: $ 159, Funds Amount: $ 159, Low Mod # of Households # of Housing Units 20 # of Properties 5 No $ 597, The City will make NSP funds available for all activites in all fifteen (15) Census Tracts identified by HUD as having an abandonment risk score of between 9 and 10. These Census Tracts are: 7305; ;7319;7318;7316;7315;7314; ;7313; ;7330;7326;7327;7325;7324 The City expects the non-profit and for-profit developer community to give consideration to providing housing units for populations below 50% of AMI. The City will also work closely with the state to reach statewide goals of serving populations less than 30% AMI. The City's housing rehabiliation activities are expected to result in newly rehabbed rental units available to households earing at or below 50% AMI. 35

36 Action Plan Comments: Action Plan History Version Date B-08-MN AP#1 06/28/