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Home My WebLink AboutResolution - 2009-R0265 - Submit Application To TDHCA For Texas-NSP - 07_08_2009Resolution No. 2009-RO265 July 8, 2090 li Item No. 5.28 RESOLUTION WHEREAS, the Texas Department of Housing and Community Affairs (TDHCA) offers the Texas Neighborhood Stabilization Program (Texas-NSP) as a part of the American Recovery and Reinvestment Act of 2009; and WHEREAS, the Texas-NSP will allow the City of Lubbock, Texas to provide affordable ownership opportunities for first-time homebuyers that are at or below 120% of the median income for Lubbock County with an emphasis on households that fall at or below 50% of the median income; and WHEREAS, the City Council of the City of Lubbock finds that it is in the citizen's best interest for the City to pursue applying for Texas-NSP; NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: Ill. THAT the Director for the City of Lubbock Community Development Department BE and is hereby authorized and directed to submit an application to the TDHCA for the Texas-NSP. Said Application is attached hereto and incorporated in this Resolution as if fully set forth herein and shall be included in the minutes of the City Council. I 2. THAT the City Council of the City of Lubbock does hereby acknowledge that the Texas- NSP is a reimbursement program. 3. THAT authority is delegated to Bill Howerton, Jr., the Community Development Director for the City of Lubbock, to represent the City for purposes of applying for and administering the Texas-NSP. 114. THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Texas-NSP funding contract by and between the City of Lubbock, Texas and TDHCA, and all related documents. Passed by the City Council this 8th day of July , 2009. TOM MARTIN, MAYOR ATTEST: ,-�? _&�� 7)� Rebe4 Garza, City Secretary 4-J 1 1 Bill Howerton, Jr. ��1/17 // Community Development 134rector APPROVED AS TO FORM: my Si ssi ant 1 orne Texas-NSP applicariion-res062609 c Resolution No. 2009-RO265 NEIGHBORHOOD STABILIZAITON PROGRAM APPLICATION City of Lubbock Community Development Department Housing Section 1625 13t' Street Lubbock, TX 79401 Lubbock County Contact: Billy J Howerton Jr 806-775-2300 Fax 806-775-3917 bhowerton@mylubbock.us DUNS: 05-8213893 r' TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS ,! , tuding Homes. Strengthening Communities. TEXAS NEIGHBORHOOD STABILIZATION PROGRAM 2009 APPLICATION in partnership with OFFIEE - OF -RURAL COMMUNITY • AFFAIRS Where rural Texas comes first. Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712009) r GENERAL DESCRIPTION - - < ( r 1 : . ( 1. TYPE OF SUBMISSION 2. DATE SUBMITTED APPLICANT IDENTIFIER Single Entity Application i April 24. 2001) Multiple Entities {Joint) Application Total Number of Entities 3. DATE RECEIVED BY STATE STATE APPLICATION IDENTIFIER Nonprofit Entities Application 3 Total Number of Entities 4. LEAD APPLICANT INFORMATION Legal Name Department ('it% ot'Lubtxwk C'ommunity L)eveloprnem { Organizational DUNS Division 05-8213893 mousing I Address Application Contact Street Prefix First Name Middle Initial 1625 13th St. Hilly J. City County Last Name suffix Lubbock Lubbock f l owerton Ir. State Zip Code Phone Fax Ietas 79401 906-775-2300 806-775-3917 S. EMPLOYER IDENTIFICATION NUMBER (EIN) Email 7 5- 6 0 0 0 5 9 0 hhowerton4imN Iuhbock.us 6. TYPE OF LEAD APPLICANT 7. TAX LEVYING AUTHORITY j C'. Municipal Local Property (Ad Valorem) Tax Other: (spy-cily) Z LocaI Sales Tax Option S. LEAD APPLICANT FISCAL YEAR 10. IS APPLICATION SUBJECT TO REVIEW BY STATE EXECUTIVE ORDER ' ! 12372 PROCESS? j Start Date End Date I ❑ Yes, the application was made available to the State October 1. 2008 p September 311, 2009 Executive Order 12372 process an 9. LEAD APPLICANT'S FINANCIAL STATEMENTS Date: a. Audited Financial Statements �j Yes No (� No, Date: the program is not covered by EO 12372 b. single Audit Z Yes D, No the program has not been selected by the StateY Date: 0):tobcr 1. 2007 - Septemher 10. 2008 for review Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712009) FUNDING REQUEST 21. TOTAL BUDGET BY ELIGIBLE ACTIVITY Texas NSP Direct Allocation As Available Land Bank a. Financing Mechanisms $1,004,820 S1,002,500 i. Permanent Financing $500,000 55DO,000 ii. Homebuyer Assistance i5t10,(K)O SSOO.OfKi iii. Homebuyer Counseling S4.920 S2.5100 Other Funds TOTAL S2,007,320 b. Purchase and Rehabilitation i. Acquisition/Disposition ii. Rehabilitation/Reconstruction iii. Relocation Homebuyer Counseling c. Land an.... _._ _... ... .. ...... .......... .................. .._._. __._.. ....._........... d. Demolition e. Redevelopment E i. Acquisition/Disposition ii. New Construction i iii_ Public Facilities iv. Relocation v. Homebuyer Counseling _... ...._ ............. . ....._,.....,.... _ f.Administrat€ve,..,.. _..,._.._ ................._...._._ .,.,...._ 52JW S501000 ff _._._...,-........,.,._.,....,.... S102,111W _._._._�_.. _. _ _ _ _..._...�_._..... _ .... --- ..._ ._.._ _._._.._..... - g. Other: I ... _._._............. --..._.._ ..._ _............. (Specif) I (specify► (sperii� } I € (Speci(y) ltipcwif%1 (Speciii 1.......... ...... ...,... . ___._....._.._..... _...-.._.,51.057, -- _ - _. .,--...__...._._..-._.._......_—.,..._.._.._._._.__..... - �.. h. TOTAL 705 S 1,052,5W S 2,110,205 23. NARRATIVE DESCRIPTION OF FUNIONG REQUEST a. Detailed explanation of Texas NSP funding request attached? Yes No i b. Description of alternative gap financing or project reconfiguration attached? I C Yes Z No 23. POPULATIONS SERVED Texas NSP Number of Dollar Amount %of%tal Households of Total a. Low -Income (550%of AMI) S800.000 40% 13 25% ....... b. Moderate -Income 51% of AMI to 80%of AMI) ( ......... _._.. _.... . 19,600 fY00 3.._.. __ _. IWio 70 _..._._... -.___......_._._.........__..._............ .............................. ............_...._.__.._...._...,.._........__-__...--------.—....,.. c. Middle -Income 181% of AMI to 120% of AMI) $600,000 ....._.,...�._- _....._._,... 30% ...._..... _...__._.. ._......... .. _.._..__.....�.... 20 ...__....._ 3s�6 d. TOTAL S2,0W,000 1009ti 53 tuI►x Texas Neighborhood Stabili2ation Program -- 2009 APPLICATION (312712009) C ACTIVITY 24. LOCATION - _— a. (Specify Type of Description) City of I ubK)ck. ['eras b. Areas Affected c. Political Districts CensusTract(s) i I4th0 Congress Census Blocks) 28th a State Senate City/Township Lubbock. Tcxat 84th g State Representative County Lubbock I d. Is the Location Participating in the National Flood Insurance Program? Yes No If Yes, indicate zone(s): Z. A 0 V C Other: 25. RELOCATION Is temporary or permanent relocation of current tenants, farms or businesses anticipated? Yea No 26. MAXIMUM REVITALIZATION & IMPACT STRATEGY a. Community Revitalization Plan is attached? I^, Yes No If Yes, published by as of b. Link to Neighborhood Stabilization Strategy 27. ACTIVITY IDENTIFICATION & PLAN b. Texas NSP c. Number of a. Activity d. Percentage of Texas NSP searing Dollar Amount Households households at or below 50%of AIVII? HnancingMechanisms (Housing) S2.007.320 13 40% e. Acquisition Discount Strategy A f. Neighborhood Stabilization Strategy i lay providing hurneom nership assistance. this will pro% ide additional homeowners in IoA/moJ income neighborhoods thus helping to stabilize the neighborhoods, L Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712009) PREVIOUS PARTICIPATION f 28. PREVIOUS PARTIGPATION i a. Entity Legal Name b. Employer Identification Number of l.ohhock, re.as 7 5 6 0 0 0 5 9 0 c. Contact Prefix First Name Middle Initial Last Name Suffix fir. k3iil} 1. Hoae;rton Jr. Title i Community .1)eri1lopment Director Phone Fax Email 806-775-2.10 806-775-3917 bhowerton'cr` my l ubbock. u s f. TDHCA Program g. Contract Term _._.._._......___ r_........ W..... ....... ___..-_ ._._ d. TDHCA ID e. Project Name Housing Activ3i[y start End 616048 CS136 CSBC;, 0144-09 12-31-09 R:11;3 CE:.AP CEAP 01-01-09 12-31-09 818048 1.1111",A P WAP 04-01-08 63-31-09 568O48 DOE WAP I 04-01-08 03-31-09 409048 SIPS WAP I 111-01-09 12-31-09 11- Texas Neighborhood 5tabiEizatior Program -- 2009 APPLICATION (3127120O9) CERTWICATION 29. CERTIFICATION I HEREBY APPLY TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR APPROVAL TO PARTICIPATE IN THE APPLICATION ACTIVITY AS THE APPLICANT. I CERTIFY THAT: THE "PREVIOUS PARTICIPATION" CONTAINS A LISTING OF EVERY DEVELOPMENT ACTIVITY THAT RECEIVED TDHCA FUNDING, IN WHICH THE LEAD APPLICANT HAS PARTICIPATED. NO PRINCIPAL OF THE APPLICANT TEAM IS CURRENTLY OR HAS BEEN BARRED, SUSPENDED, OR TERMINATED FROM PROCUREMENT IN A STATE OR FEDERAL PROGRAM OR LISTED IN THE LIST OF PARTIES EXCLUDED FROM FEDERAL PROCUREMENT OR NON -PROCUREMENT PROGRAMS. Z NO PRINCIPAL OF THE APPLICANT TEAM HAS BEEN CONVICTED OF A STATE OR FEDERAL FELONY CRIME INVOLVING j FRAUD, BRIBERY, THEFT, MISREPRESENTATION OF MATERIAL FACT, MISAPPROPRIATION OF FUNDS, OR OTHER SIMILAR ! CRIMINAL OFFENSES WITHIN FIFTEEN YEARS PRECEDING THE APPLICATION DEADLINE. f AT THE TIME OF APPLICATION, NO PRINCIPAL OF THE APPLICANT TEAM IS CURRENTLY OR HAS BEEN SUSPENDED, DEBARRED, OR SUBJECT TO AN ENFORCEMENT OR DISCIPLINARY ACTION UNDER STATE OR FEDERAL SECURITIES LAW OR BY THE NASD; SUBJECT TO A FEDERAL TAX LIEN; THE SUBJECT OF AN ENFORCEMENT PROCEEDING WITH ANY GOVERNMENTAL ENTITY; OR OTHERWISE RESTRICTED BY ANY DEPARTMENT OR AGENCY OF FEDERAL OR STATE GOVERNMENT FROM DOING BUSINESS WITH SUCH DEPARTMENT OR AGENCY, ANY PRIVATE ACTIVITY BOND FINANCING OF THE DEVELOPMENT DESCRIBED BY THE APPLICATION WILL NOT BE REPLACE IN LESS THAN 15 YEARS, UNLESS THE DEVELOPMENT WILL MAINTAIN FOR A PERIOD OF 30 YEARS OR MORE 100% OF THE DEVELOPMENT UNITS SUPPORTED BY HOUSING TAX CREDITS AS RENT -RESTRICTED AND EXCLUSIVELY FOR OCCUPANCY BY INDIVIDUALS AND FAMILIES EARNING NOT MORE THAN 50%Of THE AREA MEDIAN GROSS INCOME, ADJUSTED FOR FAMILY SI7F; AND AT LEAST ONE-THIRD OF ALL THE UNITS IN THE DEVELOPMENT ARE PUBLIC HOUSING UNITS OR SECTION B DEVELOPMENT -BASED UNITS. THE PRINCIPALS OF THE APPLICANT TEAM HAVE NO PREVIOUS FUNDING CONTRACTS OR COMMITMENTS THAT HAVE BEEN PARTIALLY OR FULLY DEOBLIGATED DUE TO A FAILURE TO MEET CONTRACTUAL OBLIGATIONS DURING THE 12 MONTHS PRIOR TO THE SUBMISSION OF THE APPLICATION; AN EXCEPTION MAY BE MADE AT THE DISCRETION OF THE DEPARTMENT IF THE DEOBLIGATION WAS VOLUNTARY, PART OF PROJECT CLOSE-OUT OR THE REMAINDER WAS COMPLETED ON A SUBSEQUENT CONTRACT. THE PRINCIPALS OF THE APPLICANT TEAM HAVE NOT BEEN, DURING THE FIVE-YEAR PERIOD PRECEDING THE DATE OF THE SUBMISSION OF THE APPLICATION, CONVICTED OF VIOLATING A FEDERAL LAW IN CONNECTION WITH A CONTRACT AWARDED BY THE FEDERAL GOVERNMENT FOR RELIEF, RECOVERY, OR RECONSTRUCTION EFFORTS AS A RESULT OF HURRICANE RITA, AS DEFINED BY SECTION 39.459, UTILITIES CODE, HURRICANE KATRINA, OR ANY OTHER DISASTER OCCURRING AFTER SEPTEMBER 24, 2005; OR BEEN ASSESSED A PENALTY IN A FEDERAL CIVIL OR ADMINISTRATIVE ENFORCEMENT ACTION IN CONNECTION WITH A CONTRACT AWARDED BY THE FEDERAL GOVERNMENT FOR RELIEF, RECOVERY, OR RECONSTRUCTION EFFORTS AS A RESULT OF HURRICANE RITA, AS DEFINED BY SECTION 39.459, UTILITIES CODE, HURRICANE KATRINA, OR ANY OTHER DISASTER OCCURRING AFTER SEPTEMBER 24, 2005. FOR THE PERIOD BEGINNING TEN YEARS PRIOR TO THE DATE OF THIS CERTIFICATION; THE PRINCIPALS OF THE APPLICANT TEAM HAVE NOT BEEN ARRESTED, INDICTED, CONVICTED, OR IMPRISONED FOR A FELONY DURING THE LAST TEN YEARS, AND AM NOT PRESENTLY THE SUBJECT OF A COMPLAINT OR INDICTMENT ; CHARGING FOR A CRIME OF MORAL TURPITUDE. THE PRINCIPALS OF THE APPLICANT TEAM HAVE NOT DEFAULTED ON AN OBLIGATION COVERED BY A SURETY OR PERFORMANCE BOND AND HAVE NOT BEEN THE SUBJECT OF A CLAIM UNDER AN EMPLOYEE FIDELITY BOND. FOR THE PERIOD BEGINNING TEN YEARS PRIOR TO THE DATE OF THIS CERTIFICATION, DURING PARTICIPATION IN THE DEVELOPMENTS IN THE "PREVIOUS PARTICIPATION,' THERE HAS NOT BEEN: A MORTGAGE IN DEFAULT, ASSIGNED OR FORECLOSED, NOR HAS MORTGAGE RELIEF BY THE LENDER BEEN GIVEN; TO THE BEST OF MY KNOWLEDGE, UNRESOLVED FINDINGS RAISED AS A RESULT OF DEPARTMENTAL OR HUD AUDITS, MANAGEMENT REVIEWS OR OTHER GOVERNMENTAL INVESTIGATION CONCERNING ME OR MY DEVELOPMENTS, OR CONTRACT; ANY BREACH BY THE OWNER OF ANY AGREEMENTS RELATING TO THE CONSTRUCTION OR REHABILITATION, USE, OPERATION, MANAGEMENT, OR DISPOSITION; OR A SUSPENSION OR TERMINATION OF PAYMENT'S UNDER ANY STATE OR FEDERAL ASSISTANCE CONTRACT. Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712009) TO THE BEST OF MY KNOWLEDGE, THE APPLICANT'S PRINCIPALS HAVE DEMONSTRATED FISCAL, PROGRAMMATIC, AND CONTRACTUAL COMPLIANCE ON PREVIOUSLY AWARDED DEPARTMENT CONTRACTS OR LOAN AGREEMENTS AND RESOLUTION OF ANY PREVIOUS AUDIT FINDINGS AND OUTSTANDING MONETARY OBLIGATION WITH THE DEPARTMENT PER 10 TAC SECTION 53052 (C) (2) AND (3)- AS REQUIRED BY SECTION 2306.257 OF THE TEXAS GOVERNMENT CODE, AS ADDED BY SB 322, 77T" SESSION OF THE TEXAS LEGISLATURE, AN APPLICANT MAY NOT RECEIVE FUNDS OR OTHER ASSISTANCE FROM THE DEPARTMENT UNLESS THE APPLICANT CERTIFIES THAT IT IS IN COMPLIANCE WITH THE HOUSING LAWS DESCRIBED BELOW. TO SATISFY THAT REQUIREMENT, I HEREBY CERTIFY THAT THE DEVELOPMENTS LISTED IN THE "PREVIOUS PARTICIPATION" ARE IN COMPLIANCE WITH: STATE AND FEDERAL FAIR HOUSING LAWS, INCLUDING CHAPTER 301, PROPERTY CODE, THE TEXAS FAIR HOUSING ACT; TITLE VIII OF THE CIVIL RIGHTS ACT OF 1968 (42 U.S.C. SECTION 3601 ET SEQ.); AND THE FAIR HOUSING AMENDMENTS ACT OF 1988 (42 U.S.C. SECTION 3601 ET SEQ.), THE CIVIL RIGHTS ACT OF 1964 (42 U.S.C. SECTION 2000A ET SEQ.), THE AMERICANS WITH DISABILITIES ACT OF 199G (42 U.S.C. SECTION 12101 ETSEQ.), AND THE. REHABILITATION ACT OF 1973 (29 U.S.C. SECTION 701 ET SEQ.), FINANCIAL RECORDS FOR THE PROPOSED PROJECT WILL BE KEPT AT AN OFFICIALLY DESIGNATED CITY/COUNTY SITE, ACCESSIBLE BY THE PUBLIC, AND WILL BE ADEQUATELY MANAGED ON A TIMELY BASIS USING GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. IT IS UNDERSTOOD THATTHE APPLICANT TEAM WILL BE HELD TO THE REQUIREMENTS OF: TITLE ill, SEC. 2301 OF THE HOUSING AND ECONOMIC RECOVERY ACT, TITLE 24 OF THE CODE OF FEDERAL REGULATIONS (CFR), TITLE 49 OF THE CODE OF FEDERAL REGULATIONS (CFR), TITLE 92 OF THE CODE OF FEDERAL REGULATIONS (CFR), TITLE 42 Of THE UNITED STATES CODE (USC), TITLE 10, CHAPTER 2306 OF THE TEXAS GOVERNMENT CODE, THE SUBSTANTIAL AMENDMENT TO THE STATE OF TEXAS COBG ACTION PLAN FOR THE NEIGHBORHOOD STABILIZATION PROGRAM, THE NOTICE OF FUNDING AVAILABILITY FOR THE TEXAS NEIGHBORHOOD STABILIZATION PROGRAM, AND THE APPLICATION INSTRUCTIONS FOR THE TEXAS NEIGHBORHOOD STABILIZATION PROGRAM. TO THE BEST OF MY KNOWLEDGE AND BELIEF, ALL DATA IN THIS APPLICATION IS TRUE AND CORRECT. THE DOCUMENT HAS BEEN DULY AUTHORIZED BY THE GOVERNING BODY OF THE APPLICANT AND THE APPLICANT WILL COMPLY WITH THE ATTACHED ASSURANCES IF THE ASSISTANCE IS AWARDED. BY SIGNING THIS DOCUMENT, APPLICANT IS AFFIRMING THAT ALL STATEMENTS MADE IN THIS GOVERNMENT DOCUMENT ARE TRUE AND CORRECT UNDER PENALTY OF CHAPTER 37 OF THE TEXAS PENAL CODE TITLED PERJURY AND OTHER FALSIFICATION AND SUBJECT TO CRIMINAL PENALTIES AS DEFINED BY THE STATE OF TEXAS. TEX. PENAL CODE ANN. 037.01 ET SEQ. (VERNON 2003 & SUPP. 2007). a. Authorized Representative Prefix First Name Mr. IWN Title i'urnmunit) I]e�eiupmentl)irccu�r Phone Fax Middle Initial Last Name Suffix .1. I lowerton Jr Email 806-773-23(H) 806-773-3917 bho%%crlon 4mi% I ubl-KY& us b. Signature of Authorized Representative Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712009) c. Date Signed A pri124.2(0) SCORING CRITERIA FOR OVER -SUBSCRIPTION 30. GREATEST NEED (SO points) i a. State -published Needs Score b. Additional Local Needs Data (maximum of 5 sources) Source Contact Name i J. iii, iv. v, Contact Direct Phone OR Email 31. NEIGHBORHOOD STABILIZATION 120 points) a. Narrative presented in Item 26 and Item 27 will be considered. b. List of Specific Foreclosed Properties Attached? 7-1 Yes Z No t If Yes, number of Specific Foreclosed Properties Identified: E c. List of Income -Qualified Potential Clients Attached? 71 Yes No i If Yes, number of Income-QuaPfied Potential Clients with incomes at: 1 <_50%of AMI 51% of AMI to 90% of AMi 81% of AMI to 120% of AMI d. List of Pre -Qualified Homebuyers Attached? 1, .) Yes g' No E if Yes, number of Pre -Qualified Homebuyers with incomes at: i 550% of AMI i 51% of AMI to 80% of AMI I 81%of AMI to 120% of AMI 32. ASSISTANCE TO HOUSEHOLDS WITH INCOMES550% of AMI (20 paints) a. Percentage of Households with incomes 5SD% of AMI to be served? 3.5%of Funding to serve Households with incomes s5o%of AMi (0 points) 45% of Funding to serve Households with incomes 550% of AMI (10 points) 55%of Funding to serve Households with incomes <_50% of AMI (20 points) b. Marketing Plan attached? Yes 7 No 33. PARTNERSHIPS & COORDINATION (10 paints) a. Information presented in Item 16, Item 24, and Item 27 will be considered. I 1' b. Executed Partnership Agreement between Lead Applicant and Joint Applicant(s) attached? Yes No j c. List of Potential Mortgage Lenders and associated term sheets attached? ❑ Yes 7 No I i if Yes, number of Mortgage Lenders identified: ' f d. HUD -approved Housing Counseling Agency identified? Yes I u No If Yes, executed agreement attached? Yes No Texas Neighborhood Stabilization Program -- 2009 APPLICATION (3/27/2009) r. CHECKLIST APPLICATION FORM r . - t ( t ( ! S ( j Completed TX NSP Application Checklist i l l Completed Texas NSP Application Form item 23.a. At least 35% of Texas NSP Funding Request will benefit households with incomes at or below 50% AM[ 7 Item 29. All 14 Certification Items have been acknowledged with a checked box. I Z Item 29.b. Certification is signed by an authorized representative of the Lead Applicant. i t a ATTACHMENTS i Item 1. Letter of Consent or Letter of Intent for Nonprofit Applicant �1 item 9.a. Lead Applicant's Audited Financial Statements Item 9.b. Lead Applicant's Single Audit Item 15.a. Joint Applicant's Audited Financial Statements (� Item 15.b. Joint Applicant's Single Audit I Item 18-a. Nonprofit's IRS Determination Letter Item 20.e. Explanation of Nonprofit Board Member Affiliation Item 22.a. Detailed Description of Funding Request ( —1 Item 22.b. Description of Alternative Gap Financing or Project Reconfiguration Item 25. Relocation Plan ❑ Item 26. Community Revitalization Plan Item 29. Original Resolution from the Lead Applicant's direct governing body SCORING CRITERIA FOR OVER -SUBSCRIPTION ATTACHMENTS Item 30.b. Additional Local Needs Data (maximum of 5 sources) LJ Item 31.b. List of Specific Foreclosed Properties Z Item 31.c. List of Income-Quafified Potential Clients item 31.d. List of Pre -Qualified Homebuyers Item 32.b. Marketing P}an C Item 33.b. Executed Partnership Agreement between Lead Applicant and Joint Applicant($) (� Item 33.c. List of Potential Mortgage Lenders and associated term sheets Item 33.d, HUD -approved Housing Counseling Agency 'J Partnership agreement with HUD -approved Housing Counseling Agency Check this box if you do not want to print the instructions with the application. Texas Neighborhood Stabilization Program -- 2009 APPLICATION (312712003) " ITEM 22.b. 75-6000590 City of Lubbock Community Development Department Neighborhood Stabilization Program Application As Available Request — Gap Financing The City of Lubbock is a Direct Allocation City in the amount of $1,057,705.00. In our application, we have requested an additional $1,000,000.00. This request is to help additional families to have the opportunity to become First-time homebuyers. Not only do we feel it is a great opportunity for people below 50% of median to realize the dream of homeownership, but many people above 81 % of median, who may not have funds available to get into homeownership may be able to become homeowner's as well. With the current programs that we implement whereby people must get a private lender mortgage, most of the approved applicants are between 60 to 80 percent of median. If the "As Available" funding is not ready available, the numbers in our application can basically be reduced to half in all categories for the NSP funding. Although the (� ;a City of Lubbock Community Development Department receives funding from HOME or CDBG Entitlement funds occasionally, they are more in the range of $50,000 to $150,000 per year. It would be the City of Lubbock, Community Development Department's hope that the Direct Allocation funds can be released quickly. First-time homebuyers that close their loan by December 1, 2009 will qualify for a federal mortgage loan credit. 0 ITEM 32.b. 75-6000590 MARKETING PLAN NEIGHBORHOOD STABILIZATION PROGRAM CITY OF LUBBOCK COMMUNITY DEVELOPMENT DEPARTMENT The Neighborhood Stabilization Program will be marketed in the following ways: Prepare and distribute brochures about the program to libraries, community centers, neighborhood associations, the Housing Consortium of Lubbock, Lubbock Housing Finance Corporation, Community Housing Resource Board, The North and East Lubbock Community Development Corporation, the Lubbock Housing Authority and other non -profits who work with low to mod income families and individuals who may need assistance in obtaining the dream of homeownership. 2. Contact local builders through the West Texas Homebuilder's Association and those on the City of Lubbock Community Development Department's approved contractor list. 3. Contact local realtors through the Lubbock Realtor's Association. 4. Contact local banks and mortgage lenders on an individual basis. 5. Attend local housing fairs to distribute the information. 6. List the program on the City of Lubbock's website. 7. Mail out brochure to current list of First-time Homebuyers that the Community Development Department maintains for a limited New Construction Program that our department implements. ITEM 33.d. 75-6000590 HUD APPROVED HOUSING COUNSELING AGENCIES CITY OF LUBBOCK NEIGHBORHOOD STABILIZATION PROGRAM The City of Lubbock Community Development Department currently implements downpayment and closing cost assistance and buy down programs with the American Dream for Homeownership Assistance Program (ADDI) and with HOME and CDBG Entitlement Funds. The following agencies provide pre -purchase counseling to our homebuyers and a Certificate of Attendance must be obtained before participants are approved for our program. 1. Lubbock Housing Finance Corporation 3212 Ave. Q Lubbock, Texas 79410 2. North and East Lubbock Community Development Corporation 1708 Ave. G Lubbock, Texas 79401 Post Homeownership classes will be provided by our department staff: 1. Community Development Department of the City of Lubbock 1625 13t" St. Lubbock, Texas 79401 These classes will include topics such as: 1. Code Enforcement (keeping your premises clean) 2. Neighborhood watch 3. Insurance needs (homeowners and life insurance) 4. Last Will's and Testaments 5. Maintenance and upkeep on your property. Resolution No. 2009—RO265 Community Development P.O. Boa 2000. 1625 13th Street Lubbock, Texas 79457 (806) 775-2301 • Fax (806) 775-3917 Item #29 1-75-6000590-6 GETTER OF INTENT April 24, 2009 .Mr. Robb Stevenson Texas Department of Housing and Community Affairs 221 East I 1 sh Austin, Texas 78701 Subjcct: Neighborhood Stabilization Program (NSP) City of Lubbock Application Dear Mr. Stevenson: This is to inform the Texas Department of Housing and Community Affairs Neighborhood Stabilization Program Section that the City of Lubbock, as a direct Allocation City through the State, intends to apply for NSP funds. 1 authorize the submission of the application and acknowledge that NSP is a reimbursement program. Billy J. Howerton, Jr., Community Development Director is authorized to represent the organization and to sign the application. The contract will be taken to City Council and signed by the Mayor at the tirne of execution. Sincerely, l.r/Ann Dumbauld City Manager BJ1-Iicf 7,'74"09, 0(_,Urn DUN NSPIxtter of Intent-NSP