January 1, 2015 thru March 31, 2015 Performance Report

(1)

January 1, 2015 thru March 31, 2015 Performance Report

B-08-MN-12-0012

Grant:

Kissimmee, FL

Grantee:

(2)

Grant Number:

B-08-MN-12-0012

Grantee Name:

Kissimmee, FL

LOCCS Authorized Amount:

$2,371,749.00

Estimated PI/RL Funds:

$485,545.89

Obligation Date:

Award Date:

03/31/2013

Contract End Date:

Reviewed and Approved

Review by HUD:

Total Budget:

$2,857,294.89

Disasters:

NSP

Declaration Number

N/A Total Obligated

Total Projected Budget from All Sources

This Report Period

Total Budget $2,779,355.64

To Date

$2,779,355.64 $2,779,355.64

Overall

$0.00 $0.00

Narratives

Areas of Greatest Need:

Foreclosure crisis and suprime lending has negatively affected the stability of two Kissimmee neighborhoods in particular: Lakeside and Mill Run. These two communities, Lakeside and Mill Run, represent the areas of Kissimmee with the highest number of foreclosures, the highest number of Subprime mortgages and a designation by HUD as areas likely to face a significant rise in the rate of home foreclosures as indicated by their risk abandonment scores and the number of adjustable rate mortgages that are due to reset in the next 2 years (see Appendix B: ARM Reset Within 2 Years). The Mill Run community and Lakeside neighborhood also experience an inordinate amount of code enforcement cases that are very difficult to enforce due to the number of foreclosures. These two communities have the highest number of foreclosure-related code enforcement cases in the City. Lakeside had 94 foreclosure related cases in 2008 and the Mill Run community had 141.

Distribution and and Uses of Funds:

Acquisition, Rehabilitation, Disposition and Resale of homes for Homeownership to Citizens at or below 120% AMI. Acquisition, Rehabilitation and Rental for low and very low (50%) income families. Administration

Definitions and Descriptions:

Low Income Targeting:

Acquisition and Relocation:

Public Comment:

Active

QPR Contact:

Grant Status:

Nancy Jewell

Grant Award Amount:

(3)

$0.00 $2,209,452.11 $0.00 $0.00 $0.00 $485,545.89 $0.00

Total Funds Expended

Program Income Drawdown

$0.00 $485,545.89

Match Contributed

Program Funds Drawdown

$2,631,264.14

Program Income Received

Staff is prepared to correct errors in beneficiary reporting and should have this effort completed prior to next QPR

submission date.

The City is also actively looking for one additional foreclosed property within the NSP1 Target Area for acquisition

and rehabilitation and sale to an income-eligible buyer.

Overall Progress Narrative:

Progress Toward Required Numeric Targets

$180,901.27 $0.00

To Date

Limit on Public Services

$0.00 0.00% 0.00%

Overall Benefit Percentage (Projected)

$180,901.27

Requirement

Limit on State Admin $0.00

$0.00

Limit on Admin/Planning

$355,762.35

Required

$237,174.90

Minimum Non-Federal Match

Progress Toward Activity Type Targets

Progress Toward National Objective Targets

National Objective

Target

Actual

NSP Only - LH - 25% Set-Aside $592,937.25 $843,463.99

Overall Benefit Percentage (Actual)

Project Summary

Project #, Project Title This Report Period To Date

Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown

01, Acquisition, Rehab, Resell $0.00 $1,359,114.77 $1,129,353.53

02, Acquisition for Rental - 50% AMI $0.00 $843,463.99 $600,000.00

03, Planning and Administration $0.00 $212,174.00 $155,098.58

04, Acquisition Rehab Rent $0.00 $364,602.88 $325,000.00

$0.00 $2,694,998.00

(4)

Activities

01 / Acquisition, Rehab, Resell

Project # / Title:

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$927,138.00

NSP Only - LMMI The City of Kissimmee

Match Contributed $927,138.00 $0.00 $0.00 $0.00 $927,138.00 $927,136.56 Total Budget

National Objective:

Activity Status:

Program Income Received Total Funds Drawdown

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

NSP01-187

$0.00

$485,521.14 $0.00

Jan 1 thru Mar 31, 2015

Activitiy Category:

$52,136.56 $0.00 N/A 07/30/2013 $0.00

To Date

01/15/2009 Direct ( HouseHold ) $927,136.56

Responsible Organization:

$0.00

Acquisition - general Under Way

Activity Description:

The City of Kissimmee will spend a portion of the grant funding to provide income qualified residents an opportunity to purchase an affordable home that the City has purchased after foreclosure and rehabilitated. These homes will be located in the Target Communities as stated above, Lakeside and Mill Run. This activity will serve residents who qualify as less than 120% AMI. This activity is not expected to benefit those whose income is less than 50% AMI. The specific elements of this activity are: -Acquisition of foreclosed upon single family homes

Location Description:

Mill Run and Lakeside communities

Activity Progress Narrative:

Acquisition

Activity Title:

Project Number:

01

Project Title:

Acquisition, Rehab, Resell

$927,136.56 $0.00

The City of Kissimmee

$0.00

(5)

No Activity Locations found.

Activity Locations

Other Funding Sources Amount

Neighborhood Stabilization Program $0.00

$0.00 Total Other Funding Sources

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

Accomplishments Performance Measures

This Report Period Cumulative Actual Total / Expected

Total Total 17/6 # of Properties 0 0/0 # of buildings (non-residential) 0 0/0 # of Parcels acquired by 0 0/0

# of Parcels acquired by admin 0

0/0

Total acquisition compensation to 0

Beneficiaries Performance Measures

Low Mod Total Low Mod Total Low/Mod

0 0/0 0/6 0/6

(6)

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$74,617.00

NSP Only - LMMI The City of Kissimmee

National Objective:

Activity Status:

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

NSP03-187

$0.00

$0.00 $0.00

Jan 1 thru Mar 31, 2015

Activitiy Category:

$0.00 $0.00 N/A 07/30/2013 $0.00

To Date

Responsible Organization:

$0.00

Disposition Under Way

Activity Description:

disposition of properties while in City's possession, closing costs for purchase and resale.

Location Description:

Mill Run and Lakeside Communities

Activity Progress Narrative:

Disposition, Closing Costs

Activity Title:

Project Number:

01

Project Title:

Acquisition, Rehab, Resell

$21,533.53 $0.00

Accomplishments Performance Measures

Total Total

9/6

# of Properties 0

Total Total

$0.00

(7)

No Activity Locations found.

Activity Locations

No Other Funding Sources Found

Total Other Funding Sources

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

9/6

# of Housing Units 0

9/6

# of Singlefamily Units 0

Beneficiaries Performance Measures

0 8/0 1/6 9/6

# of Households 0 0 100.00

0 8/0 1/6 9/6

# Owner Households 0 0 100.00

02 / Acquisition for Rental - 50% AMI

Project # / Title:

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$843,463.99

NSP Only - LH - 25% Set-Aside City of Kissimmee

Total Projected Budget from All Sources $843,463.99

$0.00

$843,463.99

Total Budget

National Objective:

Activity Status:

Total Funds Drawdown

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

NSP5-187

$0.00

Jan 1 thru Mar 31, 2015

Activitiy Category:

N/A 07/31/2013 $0.00

To Date

Responsible Organization:

Acquisition for Rental 25%

Activity Title:

Project Number:

02

Project Title:

(8)

Match Contributed $0.00 $0.00

$843,463.99

Program Income Received $0.00

$0.00 $243,463.99

$0.00

Total Funds Expended $0.00

Activity Description:

Provide financing to non-profit to purchase, rehab and rent to 50% AMI.

Location Description:

Mill Run and Lakeside Communities

Activity Progress Narrative:

No Activity Locations found.

Activity Locations

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

$843,463.99 $0.00

City of Kissimmee

Accomplishments Performance Measures

Total Total

7/6

Beneficiaries Performance Measures

0 0/6 0/0 0/6

# of Households 0 0 0

$0.00

Program Funds Drawdown $600,000.00

03 / Planning and Administration

Project # / Title:

(9)

Projected Start Date:

Benefit Type:

Overall

$212,174.00

N/A The City of Kissimmee

National Objective:

Activity Status:

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

$0.00

$0.00 $0.00

Jan 1 thru Mar 31, 2015

Activitiy Category:

$25,802.69 $0.00 N/A 07/30/2013 $0.00

To Date

09/29/2008 ( ) $180,901.27

Responsible Organization:

$0.00

Administration Under Way

Activity Description:

Reasonable program costs related to project management, program implementation, planning, reporting, monitoring and all other related activities for program implementation.

Location Description:

City of Kissimmee City Hall, 101 N. Church Street, Kissimmee, FL 34741.

Activity Progress Narrative:

NSP04

Activity Title:

Project Number:

03

Project Title:

Planning and Administration

$132,346.68 $0.00

No Accomplishments Performance Measures

Accomplishments Performance Measures

$0.00

(10)

No Activity Locations found.

Activity Locations

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

No Beneficiaries Performance Measures found.

Beneficiaries Performance Measures

04 / Acquisition Rehab Rent

Project # / Title:

Grantee Activity Number:

Projected Start Date:

Benefit Type:

Overall

$364,602.88

NSP Only - LMMI City of Kissimmee

Total Projected Budget from All Sources $364,602.88

$0.00 $0.00 $364,602.88 $364,602.88 Total Budget

National Objective:

Activity Status:

Projected End Date:

Completed Activity Actual End Date:

Total Obligated

NSP06-187

$0.00

$24.75 $0.00

Jan 1 thru Mar 31, 2015

Activitiy Category:

$39,602.88 N/A 07/31/2013 $0.00

To Date

Responsible Organization:

$0.00

Acquisition and Rehab for Rental

Activity Title:

Project Number:

04

Project Title:

Acquisition Rehab Rent

$364,602.88 $0.00

City of Kissimmee

$0.00

(11)

Match Contributed $0.00 $0.00

Activity Description:

Provide funds to a nonprofit to acquire, rehab and rent homes to income qualified families.

Location Description:

Mill Run and Lakeside Communities.

Activity Progress Narrative:

No Activity Locations found.

Activity Locations

No Other Match Funding Sources Found

Other Funding Sources Budgeted - Detail

Accomplishments Performance Measures

Total Total

10/3

8/3

# of Parcels acquired voluntarily 0

Total Total

8/3

# of Housing Units 0

8/3

# of Singlefamily Units 0

Beneficiaries Performance Measures

0 10/3 0/0 10/3

# of Households 0 0 100.00

0 10/3 0/0 10/3