AUTHORIZATION TO AMEND AND EXTEND AGREEMENT C-8524-1 FOR NEIGHBORHOOD STABILIZATION PROGRAM 3 AND RATIFICATION OF EXPENDITURES WITH HABITAT FOR HUMANITY CENTRAL ARIZONA
Staff Contact: Erik Strunk, Director, Community Services
Purpose and Recommended Action
This is a request for City Council to waive reading beyond the title and adopt a resolution authorizing the Acting City Manager to extend C-8524-1 for the Neighborhood Stabilization 3 Program (NSP 3) and to ratify expenditures to date. If approved, this contract extension will allow the City of Glendale to continue partnering with Habitat for Humanity Central AZ to use program income generated from previous NSP 3 funds for the continued acquisition, rehabilitation, and resale of foreclosed homes in Glendale in an amount not to exceed $2,500,000 for NSP 3. It will also ratify $70,727.34 in NSP 3 expenditures that have occurred since June 25, 2014.
Background
On September 26, 2008, the City of Glendale was notified by the U.S. Department of Housing and Urban Development (HUD) that it was eligible to apply for and receive one-time Neighborhood Stabilization Program (NSP) funds in the amount of $6.1 million. These funds were part of the larger Housing and Economic Recovery Act (HERA), which was signed into law on July 30, 2008. The funds could only be used to address the impact of foreclosed/abandoned homes or property in Glendale. As a result, city staff developed an action plan for the use of these funds that was subsequently approved by City Council on November 25, 2008.
In 2010, the City Council accepted $3.7 million via a third version of the NSP called "NSP 3". Like the first NSP program, these funds were also used to purchase foreclosed residential properties, to rehabilitate and resell to qualifying families and individuals.
A formal Request for Proposals (RFP) process was conducted to identify a qualified contractor to acquire, rehabilitate and resell foreclosed properties to eligib...
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