NOTICE IS HEREBY GIVEN that the Regional Housing Alliance of La Plata County (RHA) is submitting an application for funding under the Neighborhood Stabilization Program Round 2 Program (NSP2) and to solicit citizen input on possible activities to be included in this application.
The US Department of Housing and Urban Development published a Notice of Funding Availability (NOFA) on May 4, 2009, and announcing the availability of $1.93 billion for award. Eligible cities, counties, nonprofit corporations and consortiums of eligible applicants may submit applications for NSP2 funds under this NOFA. The minimum application must request $5,000,000 and assist 100 homes.
Eligible activities under the above NOFA consist of: (A) Establish financing mechanisms
for purchase and redevelopment of foreclosed upon homes and residential properties, including such mechanisms as soft-seconds, loan loss reserves, and shared-equity loans for low- and moderate-income households; (B) Purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties (C) Establish land banks for homes and residential properties that have been foreclosed upon (D) Demolish blighted structures (E) Redevelop demolished or vacant properties as housing. Eligible activities paid for with NSP2 funds must benefit low and moderate income households.
RHA anticipates submitting an application in conjunction with a consortium of nonprofits led by the Rural Community Assistance Corporation and to undertake all of the above activities except D above. These activities will be pursued in the following census tract in (970600) in Bayfield, Co. RHA is requesting $1,575,000 to build new housing, and $1,050,000 for financing for families to purchase foreclosed properties in this area.
A copy of the complete list of uses, target areas and funding requested is available on the internet at rhalpc.org, and at www.rcac.org. Comments may be submitted to Jennifer@rhalpc.org or RCAC, or by mail to: Regional Housing Alliance, 701 Camino Del Rio Suite 312, Durango, Co 81301 or to RCAC, 3120 Freeboard #201, West Sacramento, CA 95691, attn. NSP2. In addition, information is available for review at the above addresses between the hours of 8:00 a.m. and 5:00 p.m. on weekdays.
The RHA and RCAC promote fair housing and make all programs available to low and moderate income families regardless of age, race, color, religion, sex, national origin, sexual preference, marital status or handicap.