City of Nampa Neighborhood Stabilization Program

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City of Nampa Neighborhood Stabilization Program

• 2009 Idaho Housing Conference

Jennifer Yost Community Development
Manager 208-468-5419 yostj_at_cityofnampa.us
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Background

• One of the most impacted communities by
  foreclosures and subprime lending.
• Three of the most impacted four zip codes in the
  State of Idaho are within Nampa, 83686, 83687,
  and 83651

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Funds

• City of Nampa receive 3.6 million in funding
  from IHFA to administer within the City limits of
  Nampa.
• Acquire and rehabilitate approximately 55 housing
  units before end of program.

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Use of Funds

• Four uses of funds
• Acquire rehab for resell
• Acquire rehab for public housing
• Acquire rehab for domestic violence victim
  housing
• Acquire vacant lot or substandard units for demo
  for new construction with non-NSP funds

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Barriers

• Execution of Contract did not take place until
  late July, delaying Citys program.
• Environmental Review
• Rail Road Town
• Large number of state highways
• Expanding floodplain in large residential area

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Partners

• The City determined to partner with non-profit
  housing developers
• Nampa Housing Authority
• Mercy Housing
• HoMS Inc
• Nampa Housing Finance Corp
• Habitat for Humanity

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Partners Role

• Negotiate with banks/financial institutions
• Complete the acquisition
• Hire contractors for rehabilitation
• Maintain property
• Market for resell

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City Staff Role

• Market the program to potential home buyers
• Conduct required environmental reviews
• Inspect housing units prior to acquisition
• Develop Work Specifications
• Ensure Contractors are eligible to work on
  federally funding projects
• Monitor rehabilitation

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Rehabilitation Process

• Established Qualified Contractor Registry
• Solicited qualifications in spring 2009 and will
  again in winter 2009.
• Partners must obtain 3 bids from registry
• Partners can only contract with those on list

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First Look Program

• Interested parties sign up to be notified by
  e-mail of property acquired
• Review property information drive-by
• If ready to buy, contact for access at property
  prior to construction and limited access during
  construction
• Can sign pre-purchase agreement to allow cosmetic
  customization ADA modification

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Exit Strategy

• Properties unable to be absorbed by the market
  for sale will be deeded for use as community
  rentals to either
• Nampa Housing Authority for Public Housing
• Nampa Housing Finance Corp for housing for
  Domestic Violence victims

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Status

• Completed Acquisition of 2 housing units
• 1 for community rental
• 1 for resale
• Bank has accepted offers on 9 housing units
• 7 for community rental
• 2 for resale

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Next Steps

• Begin rehabilitation of housing units
• Continue acquiring properties
• Begin marketing of properties
• Continue education of loan officers and Realtors
  of program availability

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Contact Information

• Kristen Tyson
• Housing Rehabilitation Coordinator
• City of Nampa
• 411 3rd Street So.
• Nampa, ID 83651
• 208-468-5430
• nsp_at_cityofnampa.us