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11538
RESOLUTION NO. 11538 A RESOLUTION APPROVING THE SUBMITTAL OF A GRANT APPLICATION TO THE COLORADO DEPARTMENT OF LOCAL AFFAIRS NEIGHBORHOOD STABILIZATION PROGRAM FOR THE PURPOSES OF RECEIVING A U.S. HOUSING AND URBAN DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT TO ADDRESS FORECLOSED, ABANDONED OR BLIGHTED PROPERTIES AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME WHEREAS, the City Council supports the submittal of an application to the Colorado Department of Local Affairs Neighborhood Stabilization Program for the purposes of stabilizing neighborhoods suffering from an excess in blighted, vacant and foreclosed properties; BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The President of the City Council is hereby authorized to submit in the name of the City of Pueblo an Application for the State's Neighborhood Stabilization Program (NSP), together with all required and necessary certifications, assurances and documentation, to the Colorado State Department of Local Affairs Division of Housing, for $2,857,610 in new Community Development Block Grant (CDBG funds) authorized under the Housing Economic Recovery Act of 2008. INTRODUCED: February 23, 2009 7 A77TSTDD SY: CITY CLERK Larry Atencio Councilperson APPR D' } �- PRESIDENTaf Cfty Council 4 1 Background Paper for Proposed RESOLUTION AGENDA ITEM # 6 DATE: February 23, 2009 DEPARTMENT: HOUSING AND CITIZEN SERVICES 1 ADA RIVERA CLARK TITLE A RESOLUTION APPROVING THE SUBMITTAL OF A GRANT APPLICATION TO THE COLORADO DEPARTMENT OF LOCAL AFFAIRS NEIGHBORHOOD STABILIZATION PROGRAM FOR THE PURPOSES OF RECEIVING A U.S. HOUSING AND URBAN DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT TO ADDRESS FORECLOSED, ABANDONED OR BLIGHTED PROPERTIES AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME ISSUE Should the City Council approve the submittal of a grant application to the Colorado Department of Local Affairs Division of Housing's (Division) Neighborhood Stabilization Program to receive funding for the stabilization of targeted neighborhoods. RECOMMENDATION Approval of the Resolution. BACKGROUND In July 2008, President Bush signed the Housing Economic Recovery Act (HERA). A component of the Act was the Neighborhood Stabilization Program (NSP). The State received a $34 million allocation and the City anticipates receiving $2.85 million. The State just issued it's Draft NSP application on Friday, February 13, 2009, and would like the applications submitted on March 1, 2009. All entities are still trying to work through the complexities of the Act, in light of the funding deadlines. The application as mentioned is in draft form and will remain that way for the time being. Issues will be addressed as the Division goes through the received applications. The Act allows for a broad range of activities that could not be easily encompassed in one application. It is anticipated that HUD will issue the NSP grant award letter to the State sometime this month. The State (and its subrecipients) have 18 months from the issuance of that letter to spend down all the funding. For purposes of the grant, obligated funds are not considered spent. The Department of Housing and Citizen Services (Department) will administer the grant on behalf of the City. We may partner with outside agencies to provide services such as the required homebuyer counseling and we may put out an RFP for a developer to assist the City in the NSP. At present, the Department is preparing RFP's for all the required services: real estate agent, appraiser, lead -based paint and risk assessors, and architectural services. The Department made a presentation to the City Council in January of 2009 outlining the eligible uses of the fund and also outlining the proposed projects. It is the intent of the Department to pursue the same projects as presented to Council and proposed in its Letter of Intent to the Division. These projects are: 1) the purchase and rehabilitation of three multi - family buildings at 815, 823, 827 E 4 St.; 2) the purchase and rehabilitation of 10 -20 single - family foreclosed homes; 3) the purchase of 3 -5 vacant or blighted properties. The targeted neighborhoods are in the Eastside and Bessemer, which have been identified by the Division as having the largest number of foreclosures. Our purchases must fall within the identified areas. These proposals are contingent on current owners desire to sell the properties (as relates to multi - family) and the feasibility of the rehabilitation of the properties. If the multi - family complex proves to not be feasible then the number of single - family units to be acquired will be increased. FINANCIAL IMPACT The City will receive a Neighborhood Stabilization Program grant in the amount of $2,857,610. There is no match requirement. DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION A. Introduction OVERVIEW In 2008, the federal government passed the Housing and Economic Recovery Act (HERA), the first new legislation in a generation for housing and economic development. HERA appropriated $3.92 billion for the Neighborhood Stabilization Program (NSP) to support the acquisition, rehabilitation or demolition of foreclosed and abandoned properties. The State of Colorado was awarded $34,013,556 (the total is $37.9 million when the allocation to Colorado Springs is added) in NSP funds. B. NSP Program Goals The level of foreclosures in Colorado has placed an increased burden on the economy and affected families. Housing agencies and programs are also strained as they work to assist families and individuals caught in this national tragedy. Colorado Department of Local Affairs, Division of Housing will use the NSP funds for the purposes intended — to promote neighborhood stabilization in those areas experiencing high foreclosures and high rates of property value depreciation. The Neighborhood Stabilization Program (NSP) Action Plan outlines the strategic role of the State of Colorado to achieve three major goals: 1 Assist in stabilizing the property values in targeted communities by decreasing the rate of decline in property values in the nine counties and two cities with the highest foreclosure rates. 2 Purchase and rehabilitate abandoned or foreclosed housing in the highest impacted areas quickly to lessen the extended negative impact of foreclosed and blighted properties in neighborhoods. 3 Acquire abandoned or foreclosed properties to provide housing for the most severely cost burdened households, remaining affordable for the greatest period of time. C. NSP Activities Eligible NSP activities allowed in the State of Colorado NSP Substantial Amendment: 1 Purchase and Rehabilitate Abandoned or Foreclosed Multifamily Properties 2 Purchase and rehabilitate Abandoned or Foreclosed Single Family Properties 3 Acquisition and Demolition of Blighted Structures 4 Pre- and post - purchase Homebuyer Counseling 5 Establish /Coordinate Funding Mechanisms 6 Administration D. NSP Program Allocations to Local Governments JURISDICTION TOTAL NSP GRANT VERY LOW- INCOME SET -ASIDE (25% of Funds) [All jurisdictions incur the 25% Set - aside requirement] Adams County $ 2,749,808 $9,479,639 (minimum) Arapahoe County $ 2,129,379 Aurora, City of $ 2,552,950 Broomfield, City and County of $ 429,762 Colorado Springs, City of $ 3,676,575* Denver, City of County of $ 3,541,519 Douglas County $ 3,635,661 El Paso County $ 1,177,991 Jefferson County $ 6,010,553 Pueblo, City of $ 2,857,610 Weld County $ 5,364,892 PROGRAMMATIC $34,126,700 Administrative dollars will be considered on a case -by -case basis. Page 1 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION E. NSP Program Requirements The State of Colorado, managing jurisdictions and program implementers must follow program requirements defined by HUD when carrying out the NSP plan. While the NSP is funded through a special allocation, similar to the CDBG program, some program requirements vary from existing CDBG regulations. While the full Colorado NSP Substantial Amendment can be accessed at NSP program requirements include: • NSP funds must be expended within 18 months of the date of receipt. • A 5 year reinvestment period with a term ending July 30, 2013. • Households purchasing properties must undergo a minimum of 8 hours of HUD - approved homeownership counseling. • 100% of all funds shall be used to serve families whose income does not exceed 120% of AMI. • 25% of all funds shall be used to serve families whose income does not exceed 50% of AMI. • Rehabilitation Standards must be established (minimum of Housing Quality Standards and local codes, with green building and energy and water efficiency encouraged). • Sale prices of abandoned or foreclosed homes purchased or redeveloped and sold to individuals as a primary residence shall be equal to or less than the cost to acquire and redevelop the home. • Purchase prices of homes can include closing costs. • Costs for maintaining the homes in a static condition are not allowed, e.g., boarding up, lawn mowing, etc. • Documentation must be maintained on the purchase and sale amounts of each property and the sources and uses of funds for each activity. • Appraisals are required on all acquisitions using NSP funds. • Foreclosed homes shall be purchased at a discount of at least 5% from the current market - appraised value. The average discount during the 18 month period shall be at least 15 %. • Administrative fees up to 2% for non - Direct and reasonable developer fees to operate the NSP are allowed. All other funds must be recycled back into the program for a period of five years. After that time period, all funds must be returned to the Federal Treasury. • Lead -based paint rules apply on all units built prior to 1978. • Davis Bacon and the Uniform Relocation Act apply on structures with 4 or more units. Section 3 applies. • Environmental and historic clearance procedures must be followed. • An Affirmative Action Plan to further fair housing will be required. • Monthly reporting on NSP obligations and expenditures. • Ensure monitoring and compliance with all federal, state and city requirements. Local Jurisdiction Roles Local governments will provide or enlist partners who have comprehensive real estate expertise in finance, acquisition, rehabilitation and disposition of properties and can adhere to all socio- economic, geographic and other regulatory mandates. The NSP carries a stringent deadline process and the ability to provide monitoring, documentation and completion of all program activities will be assessed by CDOH in underwriting applications. Local jurisdictions will have to oversee provision of all services necessary to implement the State of Colorado NSP Substantial Amendment and a priority will be placed on your ability to provide and implement innovative strategies and ideas. The jurisdiction will need to provide, assemble a team of partners to provide, or ensure completion of each required component of the NSP. Key roles and services the jurisdictions will be responsible for providing or coordinating are: • Project /partner management • Acquisition • Rehabilitation • Inspections • Demolition • Land banking /assemblage • Redevelopment • Property management • Realtor /lender liaison • Marketing properties • Property sales • Homebuyer counseling • Provision of ancillary services — appraisal, title work, realtors, contractors, engineers, etc. • Administration, compliance, monitoring and reporting (adherence to and documentation of any applicable requirements and regulations). Page 2 of 24 ( COLORADO DIVISION r.:w:: ra:: Neighborhood Stabilization OF HOUSING Program (NSP) Application PROJECT # AMOUNT REQUESTED $ DATE RECEIVED CDOH ONLY ( CDOH ONLY) A. Applicant Information of Pueblo Neighborhood Stabilization Program rellon"DINV\i•llri C7. I:. ... , worm Name of Applicant / Organization One City Hall Place, Pueblo, CO. 81001 Address - - - -- - - - -- - - - -- - - - -- - - -- 2631 E. 4 St., Pueblo, CO. 81001 Contact Person Address Ada Clark adaclark @pueblo.us Contact Person E -Mail 719- 553 -2845 719- 553 -2855 Contact Person Telephone Number Contact Person Fax Number 84- 6000 -615 010620284 Applicant's State ID Number Applicant's Federal ID Number Organization's DUNS Number B. Chief Elected Official Mrs. Vera Ortegon Name of Chief Elected Official of Jurisdiction One City Hall Place, Pueblo, CO. 81001 Address- - - - -- - - - -- - - - -- - - - -- - - - -- Jerry Pacheo Contact Person One City Hall Place., Pueblo, CO. 81001 Contact Person Address 719 -553- 2655 Contact Person Phone Number jpacheco @pueblo.us Contact Person E -Mail 719- 553 -2698 Contact Person Fax Number 1. Do you have documentation from the chief elected official that demonstrates your activities are approved and consistent with its NSP priorities? (Please attach documentation.) YES. x❑ NO ❑ 2. What type of organization are you? (Check one) 3. For which jurisdictions are you applying? ❑ NSP entitlement city or county ❑ Adams County ❑ County or city that administers NSP ❑ Arapahoe County funds directly ❑ Aurora (City of) ❑ Other local unit of government that ❑ Broomfield (City and County of) administers NSP funds directly (e.g., PHA) ❑ Colorado Springs (City of) ❑ Nonprofit Corporation ❑ Denver (City and County of) ❑ Community Development ❑ Douglas County Financial Institution (CDFI) ❑ El Paso County ❑ For Profit Corporation ❑ Jefferson County ❑x Pueblo (City of) ❑ Other (Please list) ❑ Weld County ❑ Multiple Jurisdictions (Checked above) 4. How will you administer state NSP funds? x❑ Directly administer ❑ Sub -grant to local subrecipients ❑ Combination of direct administration and sub - granting 1 -8 -2009 Page 3 of 20 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION SECTION 2 PROJECT DESCRIPTION YOU MAY ANSWER THESE QUESTIONS BY ATTACHING AND REFERENCING YOUR OWN NSP PLAN OR OTHER INTERNAL DOCUMENTS, BUT PLEASE ENSURE THAT YOUR MATERIALS ADDRESS EACH CDOH QUESTION IF YOUR INFORMATION NOT YET SPECIFIC, PLEASE PROVIDE ESTIMATES FOR EACH QUESTION. 1. Low - Income Targeting A. Identify the estimated amount of funds to be used to purchase and redevelop abandoned or foreclosed homes or residential properties for housing individuals or families whose incomes do not exceed 120% percent of area median income: $ 2,857 610 B. How will you meet the requirement that 25% of your funds are used to serve families whose income does not exceed 50% of AMI. The City anticipates the acquisition and rehabilitation of 2 to 3 small multi - family buildings that will provide permanent housing to veterans. The activity will provide between 12 and 16 units. The project costs will exceed the 25% requirement. If the proposed project is not deemed feasible after inspections by structural engineers lead and asbestos assessors then the City will acquire more single - family homes than originally proposed. The demographics of our community and in particular the census tracts with high rating factors will help meet the requirement. The City has entered into discussions with the Housing Authority to refer clients from their Self- Sufficiency Program who wish to buy a house. 2. Acquisitions and Relocation Indicate whether you intend to demolish or convert any low- and moderate - income dwelling units (i.e., < 80% of area median income). If so, include: • The number of low- and moderate - income dwelling units — i.e., < 80% of area median income — reasonably expected to be demolished or converted as a direct result of NSP- assisted activities. • The number of NSP affordable housing units made available to low- , moderate -, and middle- income households — i.e., < 120% of area median income — reasonably expected to be produced by activity and income level as provided for in DRGR, by each NSP activity providing such housing (including a proposed time schedule for commencement and completion). • The number of dwelling units reasonably expected to be made available for households whose income does not exceed 50 percent of area median income. The City intends to convert 12 units of vacant abandoned rental units to affordable housing. The project proposes to increase the number of units to 16. These units will be made available to individuals at 50% and below of AMI. These units are not currently occupied and will not require relocation. 3. Responsible Organization (Describe the responsible organization that will implement the NSP activity, including its name, location, and administrator contact information) City of Pueblo Department of Housing and Citizen Services 2631 E. 4 St. Pueblo CO. 81001 Ada Clark 4. Potential Partnering Organizations (Please list organizations that you will potentially partner with for your project, and briefly describe their role in the project. NeighborWorks of Pueblo Catholic Charities Posada Inc. 5. Location Description (Include specific addresses, blocks or neighborhoods to the extent known. Please make sure that all single family activities are in income - eligible areas with risk scores of 7 -10.) CT 8,10 11 12 20 21 25 6. Activity Description (Include a narrative for both owner and rental units as applicable. For housing related activities, include: • tenure of beneficiaries -- rental or homeownership, • duration or term of assistance, • a description of how the design of the activity will ensure continued affordability. The City will have three multi - family rental projects with a total of 16 units. The property will be transferred to Posada Inc., with affordability requirements of twenty -years individuals needing to meet the income and rent limits as established by HUD on a yearly basis. The single- family units will be targeted for homeownership. The City will use the recapture provision and complete a market study as outlined in the HOME regulations under 92. 254 to ensure long term affordability. We anticipate working with the State on the acquisition of property through an intermediary to assure the largest discount possible. Page 4 of 24 0 � COLORADO DIVISION -es OF HOUSING Neighborhood Stabilization Program (NSP) Application For acquisition activities, include: • discount rate For financing activities, include: range of interest rates n/a 7. How will you leverage additional funds? We do not anticipate having the ability to leverage funds. 1 -8 -2009 Page 5 of 20 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION 8. What is your property acquisition plan, and how you will support on -going carrying costs. The City anticipates purchasing 5 single- family homes every 90 days to allow for completion of rehabilitation and marketing. Each property will be different and the time frame for rehabilitation may be shorter or longer. At the moment selling periods are 130 days. The properties being sold are in the $110,000 range and below. The targeted census tracts comprise much of this market. We do not anticipate long holding erp iods. 9. For units resulting in homeownership, describe the affirmative marketing plan that includes specific tools, techniques and sales methods to reach underserved homebuyers. a. List specific financial products, services and assistance that may be used in conjunction with NSP requested activities to initiate home sales. The City will contract with a real estate agency to market properties. The usual marketing techniques will be employed. The Public Housing Authority of Pueblo has expressed an interest in partnering with the City to market to their eligible clients. We will also partner will local agencies to disseminate information on the availability of units. b. Describe the experience of the end developer with home sales or how what will be required if the end developer has not yet been determined. At this time the end developer is the City. The City has had a Vacant Lot Recycle Program for over 20 years and has also relocated over 20 homes from a CDOT protect. Some of these homes were rehabilitated by the City and placed on the market for sale. Some sold and some were transferred to NeighborWorks . 10. For rental units, describe the affirmative marketing plan that includes specific tools and techniques to reach underserved homebuyers. The proposed rental units will be marketed by Posada Inc. Posada is the primary supportive service provider for the homeless. They also own several transitional housing projects as well as one LIHTC project. Posada is the lead agency in the Continuum of Care and works closely with all providers. They have an excellent referral system. 11. What housing rehab standards will you use for your program. HUD's Housing Quality Standards IRC 2003 IHC of 1997 12. Please provide evidence of procedures you will put place to monitor the discount of 5% for each individual property purchased and a minimum average discount of 15% for all properties acquired. Use of an intermediary to access REO Department in Fannie, Freddie, and other large holders to negotiate discounts. 13. If undertaking an activity that results in homeownership: a. Who will provide the homeownership education prior to purchasing a home? NeighborWorks and Catholic Charities b. How will people be referred to the provider? The City will underwrite buyers for eligibility and will then refer buyers to the respective agencies. Agencies will be provided the names of clients to referred for follow -up, c. Outline the process for ensuring that homebuyers obtain a mortgage loan from a lender who agrees to comply with the bank regulators guidance for non - traditional mortgages. We are currently in the process identifying these lenders. 14. Have you read the CDOH Energy- efficiency policy? x❑ Yes ❑ No Explain how your program will improve energy efficiency? In the rehabilitation process units will be provided with energy efficient appliances and insulation. Page 6 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION SECTION 3'— CAPACITY Direct Experience with Federal Funds Do you have experience administering CDOH funds (HOME, CDBG, HDG) funds? x❑ Yes ❑ No If yes, provide the most recent project name The City is an entitlement community and receives a direct allocation of HOME and CDBG funds from HUD. Will you be contracting with an experienced CDBG administrator? x❑ Yes ❑ No If yes, provide the following information: 1. Designated contact person Ada Clark 2. Contact person address 2631 E. 4 St. 3. Contact person email adaclarkD_pueblo.us Stabilization Experience For state subrecipients that will subgrant NSP awarded funds to local subrecipients: 1. Have you selected local subrecipients? a. If yes, list which local subrecipients have been selected on a per activity basis. Include information on how the capacity of local subrecipients to undertake development activities was evaluated. b. If no, describe the process and timeline to identify local subrecipients. Include information on how the capacity of local subrecipients to undertake the development activities will be evaluated. c. How will you ensure that your local subrecipients conduct activities on a timely basis? 2. Describe the monitoring plan to ensure accurate and timely quarterly reporting to Colorado Division of Housing on local subrecipient activities. Degree of Readiness — Provide an estimated development schedule for each activity for which funds are requested. Single- family units have not been identified yet and therefore time schedules cannot be provided. The multi - family project has the following schedule. 1- Proposed purchase and environmentals reviews within 30 days of receiving funding award. 2- If project is financial feasible contract closing and specifications within the next 30 days. 3- Construction bids and approval of contractor 45 days. 4- Notice to proceed and construction start date 15 days. 5. 50% completion 45 —60 days. 6- Final completion —90 days. Outcomes — Show expected outcomes for each activity for which funds are requested in the chart below (from selection date). See definitions section of Colorado Division of Housing's Program Concept for the definition of "obligated." 6 Months 9 Months 12 Months $ obligated # of units $ obligated # of units $ obligated # of units obligated obligated obligated Financing mechanisms Purchase rehab $900,000 18 $2.0 million 26 2.4 million 26 Land banking 35 000 5 35 000 5 35 000 5 Demolition 40000 3 50000 4 50000 4 Redevelopment 100.000 2 150.000 3 300.000 3 TOTAL $1 075 million 28 $2.150 million 33 $2.785 million 38 Page 7 of 24 0 � COLORADO DIVISION -es OF HOUSING Neighborhood Stabilization Program (NSP) Application REGULATORY INFORMATION PLEASE EXPLAIN OR ADDRESS HOW YOUR LOCAL APPLICATION PROCESS WILL EVALUATE THESE REGULATORY REQUIREMENTS. • ENVIRONMENTAL ISSUES Before CDBG, HOME and NSP funds can be obligated, expended, or drawn down from the state, the grantee must complete and submit an environmental review for each project. The extent and complexity of each environmental review will be based on the nature of the project activity. Projects like tenant -based rental assistance, rehabilitation, and new construction will all have different levels of environmental review, based on their respective environmental impacts. For projects involving rehabilitation and construction, grantees will have to examine a number of factors, including: historic preservation, flood hazards, ambient noise levels and proximity of explosive hazards and airport clear zones. In some instances, additional publication requirements in a local paper may also be necessary. An overview of federal environmental review requirements and corresponding environmental review forms can be found on the DOLA website at http : / /www.dola.state.co.us /dlq /fa /NSP /NSP guidebook.html #section iv For more information on environmental review requirements, grantees can contact Eric Bergman at 303.866.4552 or by e -mail at eric.bergman(cDstate.co.us • LEAD -BASED PAINT /ASBESTOS There are a number of federal requirements for notification, evaluation and reduction of lead -based paint hazards that housing projects built before 1978 need to meet before receiving federal funding. Similarly, there are a number of inspection requirements and mitigation measures associated with asbestos in older housing projects. If a grantee suspects that either lead -based paint or asbestos is present on a project site, it is important to contact CDOH staff. • For more information on lead -based paint /asbestos issues, please contact Rick Hanger at 719.544.2466 or rick. hanger(cDstate.co.us for questions about asbestos and Robert Thompson at 303 - 866 -5577 or Robert.thompson(Qstate.co.us for questions about lead -based paint. • When using federal funds environmental reviews are required. If we can mitigate any YES NO potential environmental issues at the application stage it can minimize added time and cost to the project. For housing rehabilitation applications: Has there been an evaluation of asbestos hazards? x_ * *If Yes, attach a copy of the report(s). For questions contact: Robert Thompson at (303).866 -5577 or robert.thompsonp_state.co.us For housing rehabilitation applications: Has there been an evaluation of lead -based paint x_ hazards? * *If Yes, attach a copy of the report(s). For questions contact: Robert Thompson at 303 - 866 -5577 or robert.thompson(cr�state.co.us Will the project be undertaken in flood hazard areas? x_ * *Attach a flood plain map. For questions contact: Larry Lang, Colorado Water Conservation Board, (303) 866 -3311 Will the project be near a geological hazard area, or affect historical, archeological or cultural x_ resources? Some properties will require Historical Clearance For questions contact: Pat Rodgers, Colorado Geological Survey, (303) 866 -2611 Dan Corson, State Historical Society, (303) 866 -2673 Will the project be located within 1,000 feet of a major highway, 3,000 feet of a railroad, 15 miles x_ of a commercial airport or near military airfields or some other major noise source? Will the project be located within one -mile of aboveground storage tanks, transmission pipelines or x_ loading facilities for explosive or fire -prone substances? If you answered yes to any of the above, what alternatives have been considered? How do you x_ plan to mitigate the adverse effects? * *Attach a separate explanation describing your mitigation plans. See attached 1 -8 -2009 Page 8 of 20 0 00 COLORADO DIVISION ra:: r.:I:: Neighborhood Stabilization OF HOUSING Program (NSP) Application * *If a Phase I Environmental Audit has been completed, please attach a copy. This does not replace the HUD Environmental Clearance 1 -8 -2009 Page 9 of 20 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION REGULATORY INFORMATION, con't + ACQUISITION ISSUES - For questions contact Teri Davis (808) ;866 -4462' Will the proposed project involve the acquisition of any land or buildings? YES NO x • RELOCATION ISSUES'— Far questions contact Teri Davis (303) 866 -4462' Will occupied foreclosed units be pursued in your communities? YES NO x If yes, are the displaced households considered low - income? * *Attach documentation of current resident incomes. If yes, describe the steps taken to minimize displacement: If yes, what assistance /benefits will be provided to displaced households? • REPLACEMENT ISSUES ARE MODIFIED FOR NSP —For questions contact Teri Davis (303) 866 -4482 Number of units to be demolished or converted 12 Affordable units to be produced (LMMI) by activity and income level. 16 Units for 50% AMI 16 NOTE: PLEASE BE AWARE THAT HUD REQUIRES ACTUAL DATA FOR THIS ACTIVITY, SO KEEP GOOD RECORDS ON THIS AND ALL OF YOUR ACTIVITIES! • PROJECTED PROGRAM OUTCOMES TOTAL Number of units meeting the Energy Star standards: 16 Number of units designated for persons with HIV/ AIDS: 0 Of those, the number of units for chronically homeless: 0 Number of units designated for homeless: 16 Of those, the number of units for the chronically homeless: 16 • ACCESSIBILITY When using federal funds, Section 504 requires that in projects with five (5) or more new rental units, five percent (5 %) of all units must be accessible to persons with disabilities according to the Uniform Federal Accessibility Standards and two percent (2 %) must be sensory adaptable. There are similar requirements for projects that make substantial alterations. The remainder must meet the accessibility requirements of the Federal and State Fair Housing Act, which require that all units in elevator buildings and ground units in other buildings be accessible. Number of units meeting Section 504 - accessiblecompliance: 8 For questions contact: Teri Davis (303) 866 -4462 • DAVIS -BACON WAGE RATES Contact Lucia Smead at (303) 866 -3128 with questions & for local Davis -Bacon wages rates Are Davis Bacon -Rates included in your construction cost estimates? YES NO See Attachment E to determine if Davis -Bacon applies. x Page 10 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION AUTHORIZED SIGNATURE SHEET The Chief Elected Official of the governmental signatory must sign below. In the Intergovernmental Agreement must applicant and administrator of any local government must sign. unit, officer of the private case of multi -jurisdictional applications be submitted, designating a lead award. If an IGA is not available, the corporation, or appropriate for NSP funds, an executed governmental agency as the Chief Elected Official of EACH To the best of my knowledge and Statement' of Assurances and Certifications are true and correct. belief, statements and data in this application, (Attachment A), attached including the required; tables and other documentation, Signature Signature Signature Vera Ortegon. Name (Typed or Printed) Name (Typed or Printed) Name (Typed or Printed) President of the City Council Title Title Title Date F Date F Date F Signature I Signature li Signature Name (Typed or Printed) Name (Typed or Printed) Name (Typed or Printed) Title Title Title Date ff ff Page 11 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT A APPLICANT STATEMENT OF ASSURANCES AND CERTIFICATIONS The application must adhere to the following assurances and certification, that it: 1) possesses legal authority to apply for the loan /grant and to execute the proposed project, and its governing body has duly adopted or passed as an official act a resolution, motion or similar action authorizing the filing of the application, including all understandings and assurances required, and directing and authorizing the applicant's chief executive officer and /or other designated official representatives to act in connection with the application and to provide such additional information as may be required, and 2) will give the State, the U.S. Department of Housing and Urban Development (HUD), and any state authorized representatives access to and the rights to examine all records, books, papers or documents related to the application and grant 3) is following a detailed citizen participation plan which: I. provides for and encourages citizen participation that emphasis on participation by persons of low and moderate income who are residents of areas which Community Development Block Grant (CDBG), Home Investment Partnership (HOME), Housing Development Grant (HDG), Revolving Loan Fund (RLF), and Neighborhood Stabilization Program (NSP) funds are proposed to be used, II. provides citizens with reasonable and timely access to local meetings, information, and records relating to its proposed and actual use of CDBG, HOME, HDG, RLF and NSP funds, III. provides for technical assistance to groups representative of persons of low and moderate income that request such assistance in developing proposals with the level and type of assistance to be determined by the applicant, IV. provides information to citizens about programs and proposals and questions at all stages of the community development program, including at least assessing needs, review of proposed activities, and review of program performance, which hearings shall be held after adequate notice at times and locations convenient to potential or actual beneficiaries, and with accommodation for the handicapped, V. provides for a timely answer to written complaints and grievances, within 15 working days where practicable, and VI. identifies how the needs of non - English speaking residents will be met in the case of public hearings where a significant number of non - English speaking residents can be reasonably expected to participate. 4) has provided for and encouraged citizen participation, with particular emphasis on participation by persons of low and moderate income who are residents of areas in which CDBG, HOME, HDG, RLF and NSP funds are proposed to be used, by: I. furnishing citizens information concerning the amount of funds available for proposed housing activities and the range of activities that may be undertaken, including the estimated amount proposed to be used for activities that will benefit persons of low and moderate income. Its plans for minimizing displacement of persons as a result of activities assisted with CDBG, HOME, HDG, RLF and NSP funds and its plan for assisting persons actually displaced as a result of such activities, II. publishing a proposed project plan /application in such a manner to afford citizens an opportunity to examine its content and to submit comments on the proposed project plan /application and on the community development performance of the / jurisdiction(s), GLeWr ' February 23, 2009 Signature, Chief Elected Official /Executive Director /President Date Page 12 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT B DISCLOSURE REPORT Are you requesting more than $200,000 from the Division of Housing? Yes _x No Have you received or applied for other HUD funding for this project that would make the total amount of HUD funds in the project more than $200,000? Yes No x If the answer to either 1 or 2 of this Part is "Yes ", then you must complete the remainder of this report. If the answer to both 1 and 2 of this Part is "No ", then you are only required to sign the following certification and need not complete the remainder of this report. I hereby certify that this information is true. February 23. 2009 Chief Elected Official/ Executive Director/ President Date 3. Financial Investors Alphabetical List of All with a Financial Interest in the Project of over $50,000 or 10% of Total Project Costs Soc. Security or Employer ID # Role in Project Financial Interest in Project ($ & %) None 4. 1 hereby certify that the information provided in this disclosure is true and correct and I am aware that any false information provided or lack of information knowingly made or omitted may subject me to civil or criminal penalties under Section 1001 of Title 18 of the United States Code. In addition, I am aware that if I knowingly and materially violate any required disclosure of information, including intentional nondisclosure, I am subject to a civil money penalty not to exceed $10,000 for each violation. Chief Elected Official /Executive Director /President Date February 23 2009 Page 13 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT C RESIDENTIAL ANTIDIS PLACEMENT AND RELOCATION ASSISTANCE PLAN The City of Pueblo will replace all occupied and vacant low /moderate income dwelling units demolished or converted to a use other than as low /moderate income housing as a direct result of activities assisted with HOME funds, as required by Section 105(b) of the Cranston - Gonzales National Affordable Housing Act (42.U.S.C. 12705(b)) and or with NSP funds, as required by Section 104(d) of the Housing and Community Development Act of 1974, as amended (the Act). All replacement housing will be provided within three years of the commencement of the demolition or rehabilitation relating to conversion. Before obligating or expending funds that will directly result in such demolition or conversion, the City of Pueblo will make public and submit to the State the following information in writing: Description of the proposed assisted activity, the general location on a map and approximate number of dwelling units by size (number of bedrooms) that will be demolished or converted to a use other than as low /moderate dwelling units as a direct result of the assisted activity, and a time schedule for the commencement and completion of the demolition or conversion. 2. The general location on a map and approximate number of dwelling units by size (number of bedrooms) that will be provided as replacement dwelling units, the source of funding and a time schedule for the provision of replacement dwelling units, and, the basis for concluding that each replacement dwelling unit will remain in a low /moderate income dwelling unit for at least 10 years from the date of initial occupancy. 3. Information demonstrating that any proposed replacement of housing units with smaller dwelling units (e.g., a 2- bedroom unit with two 1- bedroom units), or any proposed replacement of efficiency or single -room occupancy (SRO) units with units of a different size, is appropriate and consistent with the housing needs and priorities identified in the approved Consolidated Plan. To the extent that the specific location of the replacement housing and other date in items 1 through 3 are not available at the time of the general submission, the City of Pueblo will identify the general location of such housing on a map and complete the disclosure and submission requirements as soon as the specific data are available and will provide relocation assistance, as described in 570.496a(b)(2), to each low /moderate income household displaced by the demolition of housing or by the conversion of a low /moderate income dwelling to another use as a direct result of assisted activities. Ada Clark, 719 - 553 -2845 will be responsible for tracking the replacement of low /moderate income housing and ensuring that it is provided within the required period and will be responsible for providing relocation payment and other relocating assistance to any low /moderate income person displaced by the demolition of any housing or the conversion of low /moderate income housing to another use. Consistent with the goals and objectives of activities assisted under the Act, the City of Pueblo will take the steps indicated below to minimize the displacement of persons from their homes: N/A Provide substantial levels of relocation assistance, as required by 24 CFR 570.496a(b)(2). The substantial cost of providing such assistance serves as a strong deterrent to unnecessary displacement. (REQUIRED) N/A Replace all occupied and vacant occupiable low /moderate income housing demolished or converted as a direct result of HOME - assisted project activities, and makes such replacement housing affordable for at least ten years. The substantial cost of providing such replacement housing serves as a strong deterrent to unnecessary displacement. (REQUIRED) N/A Consider all practical alternatives to any proposed project, which may result in residential displacement. Alternatives to be considered include other sites for the proposed facilities /project. Also to be considered are the costs and benefits, both financial and non - financial, of each alternative. LG _February 23, 2009 Signature of Chief Elected Official /Executive Director /President Date NOTE: EACH MUNICIPALITY AND COUNTY DIRECTLY PARTICIPATING IN A MULTI - JURISDICTIONAL APPLICATION IS REQUIRED TO HAVE A RESIDENTIAL ANTI DISPLACEMENT AND RELOCATION ASSISTANCE PLAN. Page 14 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT D DAVIS -BACON EXCEPTION CHECKLIST The Applicant City of Pueblo affirms that ( aort /all) of its NSP project is exempted from Davis -Bacon Prevailing Wage Rate Provision because: (a) The prime construction contract funded in whole or in part with NSP funds is less than $2,000. x (b) The entire project consists solely of demolition. (NSP Only) (c) NSP funds will be used for rehabilitating property that was designed for fewer than eight (8) households (See Note* Below) (d) Part/all of the project consists solely of delivery of goods or services. (No construction contract.) (e) There are no federal monies in the construction contract. (f) All or a portion of the NSP funds shall be used for the purchase of equipment: _ 1) Installation of equipment is incidental (less than 13 %) of the total cost (equipment PLUS installation - this requires a separate quote for equipment and the installation), 2) NO installation costs are included in the purchase of equipment. (g) Part/all of the project will be done through a force account. (See Note* Below) (h) The NSP funds are used for acquisition ONLY and there is no construction. NOTE: *Any employees hired through a force account for a CDBG funded project will be considered Section 3 employees. Signature of Responsible Administrator _February 23 2009 Date Page 15 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT E GUIDEFORM TO PROSPECTIVE TENANT NOTE: This form applies to an entity that has acquired an unoccupied residence with NSP (unoccupied at the "initiation of negotiations ") and will hold and rent it out. Does not apply to the City of Pueblo MOVE -IN NOTICE ( GUIDEFORM NOTICE TO PROSPECTIVE TENANT) Grantee or Agency Letterhead (date) Dear On (date) (property owner) submitted an application to the (Grantee) for financial assistance under a program funded by the Department of Housing and Urban Development (HUD). The proposed project involves [acquisition] [rehabilitation] [demolition] and /or [conversion] of the property located at (address) Because Federal Neighborhood Stabilization Program funds are planned for use in this project, the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended (URA) [and /or section 104(d) of the Housing and Community Development Act of 1974, as amended] may apply to persons in occupancy at the time the application was submitted for HUD funding. However, if you choose to occupy this property subsequent to the application for federal financial assistance, as a new tenant you will not be eligible for relocation payments or assistance under the URA [and /or section 104(d)]. This notice is to inform you of the following information before Vou enter into anV lease agreement and /or occupy the property located at the above address ♦ You may be displaced by the project. ♦ You may be required to relocate temporarily. ♦ You may be subject to a rent increase. ♦ You will not be entitled to any relocation payments or assistance provided under the URA [and /or section 104(d)]. If you have to move or your rent is increased as a result of the above project, you will not be reimbursed for any such rent increase or for any costs or expenses you incur in connection with a move as a result of the project. Please read this notification carefully prior to signing a rental agreement and moving into the project. If you should have any questions about this notice, please contact (Grantee) at (address and telephone number). Once you have read and have understood this notice, please sign the statement below if you still desire to lease the unit. Sincerely, (name and title) I have read the above information and understand the conditions under which I am moving into this project. Print Name of Tenant(s) Signature(s) Address and Unit Number Date Page 16 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION Does not apply to the City of Pueblo ATTACHMENT IF SUBRECIPIENT AGREEMENT THIS AGREEMENT, made this of by and among the following, (local government agency) , as lead party of (local organization name) and (local organization name) WHEREAS, the parties to this agreement desire to cooperate in developing and carrying out housing projects. NOW THEREFORE, the parties hereby mutually agree as follows: 1. Responsibilities. The responsibilities of the lead party as outlined in any and all grant contracts entered into by the (local government agency) as lead party for the (local organization name) shall be assumed by the (local organization name) from the (local government agency) These responsibilities include compliance with all financial management, environmental review, labor standards, civil rights, record keeping, reporting and other requirements of the entity providing the grant funds. 2. Subrecipient. The (local organization name) shall be designated a subrecipient of (local government a enc for grant funds under this Agreement. 3. Term of Agreement. This Agreement shall remain in full force and effect for so long as the parties to this Agreement are pursuing funding for said proposed project, or, if awarded, carrying out such project activities. Any party to this Agreement may, however, terminate its participation in the Agreement six months after providing written notice of such termination to the other party of this Agreement. This Agreement may be terminated at any time by agreement by both parties to this Agreement unless a grant contract is in effect with the State. In this case, the State must approve such termination and arrangements must be made for completing the project. 4. Auditing and Reporting. The (local organization name) shall provide (local government agency) with an annual audit report as well as all reports submitted to grant funding sources. 5. Program Income. If the program income is a result of your Homebuyer Assistance Program, per federal HOME requirements and by contractual agreement with the Colorado Division of Housing, Grantee/ Subgrantee you may only use the program income received for continuing the Homebuyer Assistance Program. These funds are also subject to the Colorado Division of Housing Revolving Loan Fund (RLF) Policies, Guidelines and Procedures Revolving Loan Fund Guidelines (5/1/99) (AGENCIES HAVING HBA RLFs) (if applicable) If the program income is a result of funding for a Single - Family Owner - Occupied Rehabilitation Revolving Loan Fund, the funds must be applied toward continuing existing program activities. These funds retain all the HOME Program requirements, the funds must be returned to the grantee's Revolving Loan Fund (RLF), and, are subject to the Colorado Division of Housing Revolving Loan Fund (RLF) Policies, Guidelines and Procedures Revolving Loan Fund Guidelines (5/1/99). (AGENCIES HAVING SFOO RLFs) (if applicable) 6. Modifications and Changes. The terms of this Agreement may be modified or changed at any time by agreement of all parties to this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day first written above. (Local government agency) (Local organization name) 30 Position /G \11111Ix.9i By Position ATTEST: Page 17 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT G STANDARD INSURANCE REQUIREMENTS State of Colorado insurance requirements are as follows and apply to all CDOH funded projects, 29. Insurance 29.1 The Contractor shall obtain, and maintain at all times during the term of this agreement, insurance in the following kinds and amounts: a. Worker's Compensation Insurance as required by state statute, and Employer's Liability Insurance covering all of the contractor's employees acting within the course and scope of their employment. b. Commercial General Liability Insurance written on ISO occurrence form CG 00 01 10/93 or equivalent, covering premises operations, fire damage, independent contractors, products and completed operations, blanket contractual liability, personal injury, and advertising liability with minimum limits as follows: i. $1,000,000 each occurrence, ii. $1,000,000 general aggregate, iii. $1,000,000 products and completed operations aggregate, and iv. $50,000 any one fire. If any aggregate limit is reduced below $1,000,000 because of claims made or paid, the contractor shall immediately obtain additional insurance to restore the full aggregate limit and furnish to the State a certificate or other document satisfactory to the State showing compliance with this provision. c. Automobile Liability Insurance covering any auto (including owned, hired and non -owned autos) with a minimum limit as follows: $1,000,000 each accident combined single limit. 29.2 The State of Colorado shall be named as additional insured on the Commercial General Liability and Automobile Liability Insurance policies (leases and construction contracts will require the additional insured coverage for completed operations on endorsements CG 2010 11/85, CG 2037, or equivalent). Coverage required of the contract will be primary over any insurance or self- insurance program carried by the State of Colorado. 29.3 The Insurance shall include provisions preventing cancellation or non - renewal without at least 45 days prior notice to the State by certified mail. 29.4 The contractor will require all insurance policies in any way related to the contract and secured and maintained by the contractor to include clauses stating that each carrier will waive all rights of recovery, under subrogation or otherwise, against the State of Colorado, its agencies, institutions, organizations, officers, agents, employees and volunteers. 29.5 All policies evidencing the insurance coverages required hereunder shall be issued by insurance companies satisfactory to the State. 29.6 The contractor shall provide certificates showing insurance coverage required by this contract to the State within 7 business days of the effective date of the contract, but in no event later than the commencement of the services or delivery of the goods under the contract. No later than 15 days prior to the expiration date of any such coverage, the contractor shall deliver the State certificates of insurance evidencing renewals thereof. At any time during the term of this contract, the State may request in writing, and the contractor shall thereupon within 10 days supply to the State, evidence satisfactory to the State of compliance with the provisions of this section. 29.7 Notwithstanding subsection a of this section, if the Contractor is a "public entity" within the meaning of the Colorado Governmental Immunity Act, CRS 24 -10 -101, et sea. as amended ( "Act "), the contractor shall at all times during the term of this contract maintain only such liability insurance, by commercial policy or self- insurance, as is necessary to meet its liabilities under the Act. Upon request by the State, the contractor shall show proof of such insurance satisfactory to the State I agree to provide and maintain the insurance as described above Page 18 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT H IMMIGRATION POLICY State of Colorado legal resident requirements are as follows and apply to all CDOH funded projects, 31. Legal Resident Contractor must confirm that any individual natural person eighteen years of age or older is lawfully present in the United States pursuant to CRS 24- 76.5 -101 et seq., when such individual applies for public benefits provided under this Contract by requiring the applicant to: (a) Produce: I. A valid Colorado driver's license or a Colorado identification card, issued pursuant to article 2 of title 42, C.R.S. ; or II. A United States military card or a military dependent's identification card, or III. A United States Coast Guard Merchant Mariner card, or IV. A Native American tribal document, and (b) Execute an affidavit herein attached as Exhibit E, Affidavit of Legal Residency, stating: I. That he or she is a United States citizen or legal permanent resident, or II. That he or she is otherwise lawfully present in the United States pursuant to federal law. I agree to provide and maintain the legal resident requirements as described above Page 19 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENTI W -9, Tax Payer Identification Number Page 20 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION INTERGOVERNMENTAL AGREEMENT FOR NEIGHBORHOOD STABILIZATION PROJECT (NSP) Sample Does not apply to the City of Pueblo THIS AGREEMENT, made this - day of , 20 , by and among the following: 4. I_TV III f_N3:IPtl=10Y01 WHEREAS, the parties to this Agreement have the authority pursuant to Article XIV, Section 18 of the Colorado Constitution and Section 29 -1 -201, et. seq., Colorado Revised Statutes, to enter into intergovernmental agreements for the purpose of providing any service or performing any function which they can perform individually. WHEREAS, the parties to this Agreement desire to cooperate in developing and carrying out an NSP project, the purpose of which is to: NOW THEREFORE, the parties hereby mutually agree as follows: Designation of Lead Pan . shall act as the lead party in developing and carrying out said proposed NSP project. Responsibilities of Lead Pan . In its capacity of lead party, (Lead Party) shall by the lead jurisdiction in making application to the State Department of Local Affairs (State) for NSP funds and shall be the grantee ofthe State for such funds, if awarded. As the grantee of the State, it shall be fully and solely responsible to the other parties to this Agreement for compliance with all financial management, environmental review, labor standards, civil rights, record- keeping, reporting and other requirements ofthe NSP program contained in the Applicant Statement of Assurances and Certifications, and in the grant contract with the state, except those specified in Paragraph 3 hereinafter. Responsibilities of All Parties Each party to this Agreement shall be individually responsible for compliance with the following requirements ofthe NSP program: a) adopting a required Citizen Participation Plan, b) identifying its community development and housing needs, including the needs of low and moderate income persons, and the activities to be undertaken to meet such needs; and C) adopting a required Antitlisplacement and Relocation Assistance Plan which calls for replacement of demolished or converted low/moderate income housing units and provision of necessary relocation assistance; and, ch taking actions to affirmatively further fair housing. Furthermore, each party shall provide documentation to (Lead Party) demonstrating its compliance with the requirements specified in the Paragraph 3 and (Lead Party) shall retain such documentation and other required records and documents for the period of time specified by the State. 4. Contracting (Lead Party) shall contract with or, with other eligible individuals or entities to carry out all or any portion ofthe responsibilities assumed by (Lead Party) under this Agreement and its grant contract with the State. Term of Agreement This Agreement shall remain in full force and effect for so long as the parties to this Agreement are pursuing NSP funding for said proposed project or, if awarded, carrying out such project activities. Any party to this Agreement may, however, terminate its participation in this Agreement six months after providing written notice of such termination to the other parties of this Agreement. This Agreement may be terminated at any time by agreement of all parties to this Agreement unless a grant contract is in effect with the State. In this case, the State must approve such termination and arrangements for completing the project. Modification and Changes The terms of this Agreement may be modified or changed at any time by agreement of all parties to this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day first above written. By Position (Party) By Position (Party) By By Position (Party) By Position (Party) By Position Positi Page 21 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION ATTACHMENT K PROJECT BUDGETS Activity 1 -- Acquisition and Rehabilitation of Abandoned or Foreclosed Multifamily Properties All Excel Budget Worksheets required for multifamily properties are available at www.dola.state.co.uslhousing or from your housing developer COLORADO DIVISION OF HOUSING " HOUSING DEVELOPMENT ANALYSIS SPREADSHEET Project Name: W-11PLE Spreadsheet directions are in the right - - -> Date: 213/2009 Applicant: PAGE #1 Spreadsheet Version: 1 Operating Proforma. STABILIZED FIRST YEAR INCOME EXPENSES °%AMI 90! units S _ FL Monthly Rent Total Annual Rent Administrative Expenses 1 Bohm 30% 6 553 337 24.264 Management Fee 17,360 1 Bohm 40% 9 653 472 50.976 On -site Personnel Payroll 46.320 1 Bdrm 50% 9 553 555 59.949 Health Ins. & Benefits 11.810 1 Bdrm 50 °1 3 553 632 22.752 Legal &Accountin 2 Bdrm 30% 6 963 394 28.368 Advertising 6A60 2 Bohm 40% 9 963 555 59.940 Office Supplies 10.922 2 Bohm 50% 9 963 612 66.096 Telephone 2 Berm 50 °7 3 963 713 25.668 Audit 01 Other Admin ex 3.938 0 Total Administrative Expenses 96.810 9 Operating Expenses 9 Utilities Towner aid 25.077 0 Trash Removal 3,025 0 dire & Liability Insurance 35 895 0 Other 10.139 0 Total Operating Expenses 74.136 Total units 54 Total Rent Income 338.904 Maintenance Total sq F[ 43 632 R1aintenance 24,960 Parking Income Repair 11.508 Laundry Income Grounds Tine snow removal) 6.050 Other Income Other 6.340 Total Income 338.904 Total Maintenance 48.858 Vac. Rate 0 Less Vacancy - 23.660 Real Estate Taxes 2,502 Effective Gross Income 314.344 Operating Reserve Replacement Reserve 11750 DEBT SERVICE TOTAL ANNUAL EXPENSES 236_.056 1st Mortgage (69.808) NET OPERATING INCOME 78,288 2nd Mortgage 0 P.U.P.A. Expenses' 1 4 -371 3rd Mortgage 0 "P.U.P.A = Per Unit Per Annum Expense=. 'Note: TOTAL DEBT SERVICE L69 808) BEP 90:49% Po sS D;S P 1.1 OCR 71.171 BEP = Break Even Point IlProlect Debt Coverage Ratio 1.121 –0ss uio (WS i. i JAM — Ossioie veOC oervice aC a i. i ueDC average Maoo 5.14°/ 28.64% snit avg.= 0 .initeve 255 Page 22 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION COLORADO DIVISION OF HOUSING * HOUSING DEVELOPMENT ANALYSIS SPREADSHEE Project Name; Data: ZI a Applicant: PAGE #2 Spreads hantVErGion: Devalopment Costs otal Sq.arl Feet in UNKE ior, LiviNqSq.hte Footage otal Project Squate Feet N .mbte &F L16ta Page 23 of 24 T eta I C oat Coat unit Goat!Sq F1 A,CQ LIS 7 0 =STS Land Coat Pe t Unil # DV -911 S oft Coat P unil 'cl l?: EY a! - 5 t.C- Vi1 x_-a 3933 Valle! SELcl 3 oft Coat Pet 3 q.aet Fagot #D w'Jf sTnis 7cl l?: & EL ` • e . 7cl a0%STRL'CT0 %, "ti STS 1 F� ea Ta. Ftn � 7cl P5 a rv:: Slid LJ 7cl V7L 1� 7cl 7✓l v i. E5 r- FE E5 it Ft 2i tL 7cl NT F Ri', 5 znsv ln r1 : 7cl llh, LC ^3 79 "3 VFLI 115 1 ELi l7' TaY a c, - -y C2 - Rv.c Ic - Y� r/ -. f #DI bTL rl: f 7cl ll�: V7L 1� PERV,S E%T F�-C.NG FEES - F- 7cl V ? t, FA 6S VFLI 115 1 � t 'T i Fe es E[ '! -. f #Di 3< as I -g S Da , a Ra st "t In e 551 l:': TE',A%7 RE 'C:a-TC Ra 2c2t— Ft 7 cl V 1� Cp, PRC J E - -7 'hk ',AC; E , E 47 '42-,et-, EL 7cl rv:: 7cl v rv:: 7cl v TOTAL DEV E LO P ME KT E% .P E NIS E S tL 7cl Page 23 of 24 #clI I DIW :1 Kati Goat Pe UNR Land Coat Pe t Unil # DV S oft Coat P unil - c N 1, L r Kotd Gott Pt t Squate Foot 3 oft Coat Pet 3 q.aet Fagot #DV' Page 23 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION COLORADO DIVISION OF HOUSING * HOUSING DEVELOPMENT ANALYSIS SPREADSHEET Project Name: SAMPLE Sareadsheet directions are to the right - - - - -> Date: 2/13/2009 Applicant: 0 Page 44 Spreadsheet Version Sources & Uses Budget P['ojern Activities Tornl Project CL]4te FLndss Request[3drer Funds Source SCanLS 3vq u3sidon [,06Z61 1 06,7 committed ,Appraisal & ?Aarke[ Srmds 0 0 committed ,4rdikem'Engineering 0 0 committed 13Laldimg Permit & Tap Fees 4,oro 4,1300 eommiaed ConwLicnom E0o,o0o Ctoo,000 0 committed committed Cnnsi. Contingence 100,000 100,000 0 committed COns LI.WCloa Loan Expenses 0 committed Perm Loam Expenses o mm¢timed Operating Reserve &3.000 85.000 21 mm¢timed Deselopers Fee 150,000 150,000 0 committed Marketing 10,000 I G,nml committed C2 C©ntim encv I,ODG 1,000 o com mined a] Total 2,01 Z65 2,003.551 14,000 Page 24 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION Activity 2 — Acquisition and Rehab of Abandoned or Foreclosed Single-Family Homes, Use this Budget Activity 3 — Acquisition and Demolition of Blighted Structures, Use this Budget Activity 4, 5 and 6, confer with your housing developer for guidance. Housing AcquisitionfRehabilitation Program Budget Monthly Budget and Production Projections NSP Project Budget 2-Mg As F11W I '�%xv' Page 25 of 24 DRAFT STATE OF COLORADO NSP PROGRAM APPLICATION CHECKLIST FOR ATTACHED DOCUMENTS This Checklist Lists Required Documents for Each Type Of Application. Please Submit in Order Below Page 26 of 24 O U 2 0 U 3 O O [if Z L o 1 CT O U [if Q O L N E > o d E 3 O O S 0 0 a . 0 L Y u o 0 U E 3 O N S Z O L .`o_ 3 : E= O N T: [if 9 w _ o E c a d M CDOH Staff Use Only Aft. A— Statement of Assurances X X X X X Aft. B— Disclosure Report X X X X X Aft. C— Public Hearing Announcement and Certification X X X X X Aft. D— URA/Relocation Plan X X X X X Aft. E— Davis -Bacon Exception Checklist X X X X X Aft. F — Acquisition of Land or Building — Letter to owner X X X Aft. G— Subrecipient Agreement (NSP only) X X X X X Aft. H— Insurance Requirements X X X X X Aft. I— Immigration Policy X X X X X Aft. J— W -9, Tax Payer Identification Number X X X X X Aft. K— Intergovernmental Agreement (multiple local communities served) X X X X X 1. IRS Determination Letter (Non - profit applicants only) X X X X X 2. Letters of Funding Commitment from All Sources of Funds X X X X X 3. Letters of Local Government Commitment X X X X X 4. Environmental Studies (Phase 1, Lead Based Paint & Asbestos) X X X 5. Floodplain Map X X X 6. Board resolution authorizing application & granting signatory authority X X X X X 7. Most Recent Audit X X X X X 8. Copy of Tax Credit Application X X 9. Project Agreements, Subgrantees, Partnerships 10. Staff Allocation Plan X X 11. Citizen Participation Plan (NSP funds only) X X X X X 12. Community Development Plan (NSP funds only) X X X X X 13. Affirmative Fair Housing Marketing Plan X X X X X 14. Excessive Force Policy (NSP funds only) X X X X X 15. Lead -Based paint certification (title 3, Div. B) X X X X X Page 26 of 24 0 � COLORADO DIVISION -es OF HOUSING NSP Mitigation Plan Above Ground Storage Tanks Neighborhood Stabilization Program (NSP) Application The proposed project is within one -mile of an above ground storage tank. However, using the HUD guidebook, "Siting of HUD - Assisted Projects Near Hazardous Facilities ", it was determined that the project site is outside the acceptable separation distance (ASD) required by HUD. Noise Assessment The project is located within 1000' of a highway and within 3000' or a railroad. Using HUD's guidebook on noise assessments it was determined that noise levels on the project site exceed HUD's 65dB threshold but is below the 70dB limit. The noise levels will be mitigated through the design of the rehabilitation project. Using windows with a sound transmission class rating of at least 24dB, adding insulation, sealing cracks, and installing air conditioning will reduce the interior sound level below 45dB as required by HUD. Historic Preservation Following the Section 106 Guidelines of the Historic Preservation Act and working with the SHPO, the City of Pueblo mitigate the project effects by contracting with a preservation architect to restore the building to the Department of the Interiors rehabilitation standards. 1 -8 -2009 Page 27 of 20