Minutes 09/08/2009 - Laserfiche WebLink

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September 8. 2009 Discussion: . The purpose of the Residential Anti-Displacement and Relocation Assistance Plan is to provide procedures for the replacement of all occupied and vacant occupiable low-, moderate-and middle-income (LMMI) dwelling units that are demolished or converted to a use other than as LMMI dwelling unit as a direct result of activities assisted with funds provided under the Housing and Community Development Act of 1974. . The City proposes to use NSP funds to purchase foreclosed properties, rehabilitate the properties, and sell them to LMMI households. The City has agreed to limit its NSP purchases to vacant foreclosed properties and has further agreed to rehabilitate the properties with no plans to demolish properties. . Federal regulations, however, require that procedures be in place should the use of NSP funds by the City result in the need to replace and occupied or vacant occupiable dwelling unit that is demolished or converted to a use other than as a LMMI dwelling unit. Financial Impact: . There is no local match requirement for the Neighborhood Stabilization Program. The City has no intentions of purchasing occupied units with NSP funds nor does the City plan to demolish vacant occupiable dwellings requiring use of funds for relocation of households or replacement of dwelling units. Staff Recommends: . Adopt the Program Income Plan for the NSP project. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps Following Council Action: . Submit the Anti-Displacement and Relocation Assistance Plan to DHCD. Motion by Ms. Randall, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION ADOPTING A RESIDENTIAL ANTI-DISPLACEMENT AND RELOCATION ASSISTANCE PLAN FOR THE CITY OF PORTSMOUTH'S NEIGHBORHOOD STABILIZATION PROGRAM PROJECT. WHEREAS, the Virginia Department of Housing and Community Development (DHCD) awarded the City $2,000,000 in federal Neighborhood Stabilization Program (NSP) funds to purchase and rehabilitate residential properties that have been foreclosed upon and to resell them to income-eligible parties; and WHEREAS, federal regulations require that procedures be in place should the use of NSP funds by the City result in the need to replace an occupied or vacant occupiable dwelling unit that is demolished or converted to a use other than as a low, moderate, or middle income dwelling unit. WHEREAS, DHCD requires that the City adopt a Residential Anti-Displacement and Relocation Assistance Plan ("Plan"); and WHEREAS, the City Council has reviewed the proposed Plan, a copy of which is attached hereto and identified as Exhibit A. NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that it approves and adopts said proposed Residential Anti-Displacement and Relocation Plan and directs the City Manager or his designee to send a copy of this resolution to the Virginia Department of Housing and Community Development along with such other documents and assurances as may be required and are in the best interests of the City of Portsmouth."