Proposed Amendment - 9/27/2011
CCSH Amendment (9/27/11)
The Center for Community Self-Help (CCSH) requests an amendment to its NSP2 grant to allow us to modify and expand our target geographies by adding 62 tracts to the current tracts that make up our approved coverage area. This increase in our NSP footprint will allow CCSH to expand our role in financing the redeployment of NSP eligible single-family and multi-family properties, and thereby impact deeply targeted neighborhood stabilization efforts on a much broader scale. The bulk of these additions come from 47 tracts along the I-4 corridor in Northern Contra Costa County, California. An additional 10 tracts represent 3 large multi-family projects and four community-based stabilization efforts in our home state of North Carolina. Lastly, there are individual tracts we are seeking to add to our Illinois and California geographies to allow us to continue to pursue what we consider to be viable deals in each of these areas. Adding these tracts to our existing geography would leave us with a total of 1,103 census tracts with a collective average score of 18.96.
Target geography 1: Northern Contra Costa County:
The 47 census tracts included in the appendix are all located within close range of the I-4 corridor which runs in an arc from the town of Richmond in the West to the community of Brentwood in the East of California’s Contra Costa County. The tracts we are seeking to add would essentially connect in a nearly contiguous band our existing 20 or so tracts in Richmond with the 2 tracts we currently have in the area of Pittsburgh and further extend this corridor into the neighboring community of Brentwood. As illustrated by the high max scores (the 47 tracts included average 19.30 on the HUD scale), this is an area that has been severely impacted by the foreclosure crisis. A complete listing of the tracts we are seeking to add follows below:
Tract State County
060133020.02 CA Contra Costa
060133020.03 CA Contra Costa
060133020.04 CA Contra Costa
060133031.00 CA Contra Costa
060133032.00 CA Contra Costa
060133050.00 CA Contra Costa
060133060.01 CA Contra Costa
060133060.02 CA Contra Costa
060133071.01 CA Contra Costa
060133071.02 CA Contra Costa
060133072.01 CA Contra Costa
060133072.02 CA Contra Costa
060133072.04 CA Contra Costa
060133072.05 CA Contra Costa
060133080.01 CA Contra Costa
060133080.02 CA Contra Costa
060133100.00 CA Contra Costa
060133120.00 CA Contra Costa
060133131.01 CA Contra Costa
060133131.02 CA Contra Costa
060133131.03 CA Contra Costa
060133132.01 CA Contra Costa
060133132.02 CA Contra Costa
060133141.02 CA Contra Costa
060133141.03 CA Contra Costa
060133141.04 CA Contra Costa
060133142.00 CA Contra Costa
060133150.00 CA Contra Costa
060133190.00 CA Contra Costa
060133200.01 CA Contra Costa
060133200.02 CA Contra Costa
060133551.01 CA Contra Costa
060133552.00 CA Contra Costa
060133591.01 CA Contra Costa
060133591.02 CA Contra Costa
060133592.02 CA Contra Costa
060133601.00 CA Contra Costa
060133640.01 CA Contra Costa
060133640.02 CA Contra Costa
060133650.01 CA Contra Costa
060133650.02 CA Contra Costa
060133660.01 CA Contra Costa
060133660.02 CA Contra Costa
060133672.00 CA Contra Costa
060133680.00 CA Contra Costa
060133690.01 CA Contra Costa
060133690.02 CA Contra Costa
Target Geography 2: North Carolina’s Central Piedmont
The 10 North Carolina tracts included in this amendment can be further broken down into the following three prospects as well as concentrated stabilization activities that CCSH has already launched in four separate communities.
|
Prospect |
Requested Target Tract |
Score |
|
Highland Hospital/Marietta St. Apartments: a dilapidated hospital to be converted into 75 units of affordable senior/disabled housing. Development to be taken on by partnership between City of Gastonia, Preservation NC, and The Landmark Group. |
370710315.00 and 370710330.00 |
19, 17
|
|
Boulevard Homes: Planned redevelopment of former public housing site in Charlotte to create approximately 250 affordable units, 110 of which will be for seniors. |
371190014.00 |
19 |
|
Johnson/Mecklenburg Mills (NoDa): 5 contiguous vacant buildings in Charlotte that NSP2 grantee, The Community Builders, has acquired and is seeking to convert into 179 units of affordable housing. |
371190039.01 |
17 |
|
Peachtree Hills: Highly distressed neighborhood in Charlotte where CCSH has been acquiring and redeploying vacant and foreclosed properties since 2007. |
371190044.00 |
20 |
|
Grier Heights: Transitional community in Downtown Charlotte where CCSH has been an active developer since 2005. |
60014087.00 |
20 |
|
Southwest Central Durham: Transitional neighborhood in Durham where CCSH has been engaged in community development efforts since 2005. |
370630005.00 |
18 |
|
Southside/Rolling Hills: Transitional neighborhood in Durham where CCSH has been engaged in community development efforts since 2006. |
370630013.01, 370630012.01, 370630012.02 |
20, 20, 17 |
Target Geography 3: Atlanta
As part of the proposed amendment, CCSH is also seeking to add one additional census tract (131210061.03) to our Atlanta Geography. The census tract in question is contiguous to the existing area targeted by CCSH and does not represent a change in the use of our NSP2 grant funds. The tract is located in Fulton County, in the community of Fairburn and scores a 20 on the HUD Max score. With this amendment, CCSH would be seeking to make our lease-purchase product available to assist in financing under Eligible Use E.
Target Geography 4: Los Angeles
Likewise, CCSH is seeking to add one additional census tract (060371193.20) to our Los Angeles market area so as to enable us to pursue a multi-family deal, the Tobias Terrace Apartments, that would redeploy 55 units of housing for families at or below 50% AMI. The tract in question is located in Los Angeles County, is contiguous with tracts in our current footprint and scores a 17/20 on the HUD max scale. This financing activity would fall under Eligible Use B, acquisition and rehab.
Target Geography 5: Illinois
The last geographic subset contains two additional census tracts in two separate areas of the state. The first, 170312809.00 is located in Chicago, is contiguous with our existing NSP2-approved coverage area and scores a 19/20 on the HUD max scale. The loan would be to an NSP2 grantee, The Community Builders, that would facilitate the acquisition and rehabilitation of an NSP-eligible property under Eligible Use B.
The final tract, 171610226.00, is located in Rock Island, Illinois and has a HUD max score of 19. CCSH is seeking to add this tract to our approved geographies so as to provide financing to another recipient of NSP2 funds (The Rock Island Economic Growth Corporation) that is seeking financing to acquire and rehabilitate an 8 unit multi-family property under Eligible Use B.
