PHILADELPHIA, CITY OF
The Neighborhood Stabilization Program 2 will assist approximately 286 units of affordable housing, based on the program modification approved by HUD on March 26, 2010. The program will operate in selected census tracts, as defined in the City's application for competitive funding. The original application and a proposed modification based on the amount awarded can be seen in the appendix to the City's Year 36 Consolidated Plan, available at www.phila.gov/ohcd/consolplan.htm. The following activities are proposed to be supported: 1) Purchase Incentives, to assist buyers of foreclosed upon residential properties; 2) purchase, renovate and re-sale, to make repairs and return foreclosed upon properties to the private homeownership market; 3) Gap financing for multi-family properties, to rehabilitated foreclosed upon multi-family properties for low income renters; 4) Gap financing for redevelopment, to subsidize the construction of at scale rental housing in the target neighborhoods of Mantua, Point Breeze and Wayne Junction/Nicetown; 5) Demolition, to support selective demolition in target areas, particularly large commercial or industrial buildings; 6) Loan loss reserves, to create a financing construction loan mechanism for development; and 7) Administrative costs, to pay allowable planning and adminstrative costs.
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| AWARD OVERVIEW |
| Award Number |
B-09-LN-PA-0013 |
Funding Agency |
Department of Housing and Urban Development |
| Total Award Amount |
$43,942,532 |
Project Location - City |
Philadelphia |
| Award Date |
01/14/2010 |
Project Location - State |
PA |
| Project Status |
More than 50% Completed |
Project Location - Zip |
19107-3784
|
| Jobs Reported |
55.21 |
Congressional District |
01 |
| Project Location - Country |
US |
|
|
Recipient Information
(Grants)
| Recipient Information (Grants) |
|
Recipient Name
|
PHILADELPHIA, CITY OF |
| Recipient DUNS Number |
623900487
|
| Recipient Address |
1234 MARKET ST 17TH FL |
| Recipient City |
PHILADELPHIA |
| Recipient State |
Pennsylvania |
| Recipient Zip |
19107-3705 |
| Recipient Congressional District |
01 |
| Recipient Country |
USA |
Required to Report Top 5
Highly Compensated Officials |
Yes |
| Top 5 Officers and Compensation |
| Deborah McColloch |
$127,504.00 |
| Melissa Long |
$107,000.00 |
| Jo Ann Jones |
$93,176.00 |
| Belinda Mayo |
$90,997.00 |
|
Projects and Jobs Information
| Projects and Jobs Information |
| Project Title |
Neighborhood Stabilitation Program 2 |
| Project Status |
More than 50% Completed |
| Final Project Report Submitted |
No |
| Project Activities Description |
New Multifamily Housing Construction (except Operative Builders) |
| Quarterly Activities/Project Description |
Below is a summary of NSP2 expenditures and commitments for the following NSP2 program activities:
PURCHASE, RENOVATE AND RESALE SINGLE FAMILY HOMES: The Redevelopment Authority has financed over $13.9 million to acquire and rehabilitate 78 single-family foreclosed homes. Of the 78 homes, 54 were sold to income-qualified homebuyers and the remaining 28 are under construction. One property is expected to settle within the next 30-45 days.
GAP FINANCING FOR HOMEOWNERSHIP: Community Ventures Point Breeze Scattered Site (8 units) and Northstar (6 units) are 100% completed. The Innova project at South City Gardens, the Cashel project and 17th & Federal are 100% completed.
DEMOLITION: The Department of Licenses and Inspections has expended $ 4.0 million for demolition in eligible NSP2 neighborhoods.
GAP FINANCING FOR MULTI-FAMILY RENTAL: Of the six NSP2 multi-family housing developments (81 units), WPRE II, Shelton Court and Patriot House are completed. 3909 Haverford Avenue was 100% completed in this quarter. Mt. Vernon Manor and Nicetown Court II were closed on construction financing in August. Construction is 65% completed on Mt. Vernon Manor and 60% completed on Nicetown Court. |
| Jobs Created |
55.21 |
| Description of Jobs Created |
In the present quarter, 55.21 Full Time Equivalent (FTE) jobs were created or retained.
Under GAP FINANCING FOR MULTI-FAMILY RENTAL, Mount Vernon Manor accounted for 10.31 Full Time Equivalents, and Haverford Apartments accounted for 4.07 Full Time Equivalents. Under GAP FINANCING HOMEOWNERSHIP, the Northstar project accounted for .49 Full Time Equivalents. The Department of License & Inspections accounted for 30.10 Full Time Equivalents for the quarter for demolition costs. The Philadelphia Redevelopment Authority accounted for a total of 9.77 Full Time Equivalents and the Office of Housing and Community Development accounted for .47 Full Time Equivalents for this quarter for administrative costs.
|
Purchaser Information
(Grants)
| Purchaser Information |
| Contracting Office ID |
Not Reported |
| Contracting Office Name |
Not Available |
| Contracting Office Region |
Not Available |
| TAS Major Program |
86-0161 |
| Award Information |
| Award Date |
01/14/2010 |
| Award Number |
B-09-LN-PA-0013 |
| Order Number |
|
| Award Type |
Grants |
| Funding Agency ID |
86 |
| Funding Agency Name |
Department of Housing and Urban Development |
| Funding Office Name |
Not Available |
| Awarding Agency ID |
86 |
| Awarding Agency Name |
Department of Housing and Urban Development |
| Amount of Award |
$43,942,532 |
| Funds Invoiced/Received |
$40,929,315 |
| Expenditure Amount |
$40,929,315 |
| Infrastructure Expenditure Amount |
$0 |
| Infrastructure Purpose and Rationale |
Not Reported |
| Infrastructure Point of Contact Name |
Not Reported |
| Infrastructure Point of Contact Email |
Not Reported |
| Infrastructure Point of Contact Phone |
Not Reported |
| Infrastructure Point of Contact Address |
Not Reported |
| Infrastructure Point of Contact City |
Not Reported |
| Infrastructure Point of Contact State |
Not Reported |
| Infrastructure Point of Contact Zip |
Not Reported |
Product or Service Information
(Grants)
| Product or Service Information |
| Primary Activity Code |
236116 |
| Activity Description |
New Multifamily Housing Construction (except Operative Builders) |
| Sub-Awards Information |
| Sub-awards to Organizations |
1 |
| Sub-award Amounts to Organizations |
$38,702,502 |
| Sub-Awards to Individuals |
0 |
| Sub-Award Amounts to Individuals |
$0 |
| Number of Sub-awards less than $25,000/award |
0 |
| Amount of Sub-awards less than $25,000/award |
$0 |
| Number of payments to vendors greater than $25,000 |
24 |
| Total Amount of payments to vendors greater than $25,000/award |
$13,394,107 |
| Number of payments to vendors less than $25,000/award |
0 |
| Total Amount of payments to vendors less than $25,000/award |
$0 |
Sub-award RDA - City of Philadelphia
| Sub-Award Amount |
$38,702,502 |
| Sub-Award Date |
11/29/2010 |
| Sub-Awards Disbursed |
$36,246,781.41 |
| Project Location - City |
Philadelphia |
| Project Location - State |
PA |
| Project Location - Zip Code |
19107-3706 |
| Project Location - Congressional District |
01 |
| Sub-Recipient DUNS Number |
002322600
|
| Sub-Recipient Address |
1234 Market St FL 16 |
| Sub-Recipient City |
Philadelphia |
| Sub-Recipient State |
Pennsylvania |
| Sub-Recipient Zip Code |
19107-3706 |
| Sub-Recipient Congressional District |
01 |
Required To Report Top 5
Highly Compensated Officials |
Yes |
| Top 5 Highly Compensated Officials |
Nicholas Dema,
Nicholas Scafidi,
,
,
|
| Top 5 Highly Compensated Officials |
120819.00,
133770.00,
0.00,
0.00,
0.00 |
1642 French LLC - Award Number B-09-LN-PA-0013 - 1642 French LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19034-1312 |
| Vendor Name |
1642 French LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$435,293 |
AET Enterprises, LLC - Award Number B-09-LN-PA-0013 - AET Enterprises, LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19004-1501 |
| Vendor Name |
AET Enterprises, LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$2,056,675 |
Axiom Property Development LLC - Award Number B-09-LN-PA-0013 - Axiom Property Development LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19046-2737 |
| Vendor Name |
Axiom Property Development LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$1,457,040 |
Caxton Development Group, Inc - Award Number B-09-LN-PA-0013 - Caxton Development Group, Inc
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19026-1007 |
| Vendor Name |
Caxton Development Group, Inc |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$157,730 |
g. Adams Restoration & Development - Award Number B-09-LN-PA-0013 - g. Adams Restoration & Development
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19123-1524 |
| Vendor Name |
g. Adams Restoration & Development |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$798,757 |
I4 GP, LLC - Award Number B-09-LN-PA-0013 - I4 GP, LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19119-4103 |
| Vendor Name |
I4 GP, LLC |
| Product and Service Description |
Purchase, renovate & resale of foreclosed single family housing |
| Payment Amount |
$399,439 |
Inner City Renaissance Company - Award Number B-09-LN-PA-0013 - Inner City Renaissance Company
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19134-3701 |
| Vendor Name |
Inner City Renaissance Company |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$536,662 |
Innova Redevelopment LLC - Award Number B-09-LN-PA-0013 - Innova Redevelopment LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19146-4711 |
| Vendor Name |
Innova Redevelopment LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$685,934 |
LK Properties, Inc. - Award Number B-09-LN-PA-0013 - LK Properties, Inc.
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19114-2213 |
| Vendor Name |
LK Properties, Inc. |
| Product and Service Description |
Purchase, renovate & resale of foreclosed single family housing |
| Payment Amount |
$0 |
Lynch Associates, LLC - Award Number B-09-LN-PA-0013 - Lynch Associates, LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19129-1440 |
| Vendor Name |
Lynch Associates, LLC |
| Product and Service Description |
Purchase,renovate and resale foreclosed single family houses. |
| Payment Amount |
$130,426 |
Melrose Inc. - Award Number B-09-LN-PA-0013 - Melrose Inc.
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19140-2626 |
| Vendor Name |
Melrose Inc. |
| Product and Service Description |
Purchase, renovate & resale of foreclosed single family housing |
| Payment Amount |
$0 |
Metropolis Development Corp - Award Number B-09-LN-PA-0013 - Metropolis Development Corp
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
11231-1035 |
| Vendor Name |
Metropolis Development Corp |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$398,768 |
Mt. Airy USA - Award Number B-09-LN-PA-0013 - Mt. Airy USA
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19119-2109 |
| Vendor Name |
Mt. Airy USA |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$528,215 |
New Beginnings, LLC - Award Number B-09-LN-PA-0013 - New Beginnings, LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19026-4816 |
| Vendor Name |
New Beginnings, LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$1,142,233 |
New City Investment Solutions LLC - Award Number B-09-LN-PA-0013 - New City Investment Solutions LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19122-4608 |
| Vendor Name |
New City Investment Solutions LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$851,341 |
New Kensington CDC - Award Number B-09-LN-PA-0013 - New Kensington CDC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19125-1708 |
| Vendor Name |
New Kensington CDC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses |
| Payment Amount |
$373,831 |
NSP Rehab Partners LLC - Award Number B-09-LN-PA-0013 - NSP Rehab Partners LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19034-1817 |
| Vendor Name |
NSP Rehab Partners LLC |
| Product and Service Description |
Purchase, renovate & resale foreclosed single family houses. |
| Payment Amount |
$211,756 |
Olde Philadelphia Restoration LLC - Award Number B-09-LN-PA-0013 - Olde Philadelphia Restoration LLC
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19123-1524 |
| Vendor Name |
Olde Philadelphia Restoration LLC |
| Product and Service Description |
Purchase, renovate & resale of foreclosed single family housing |
| Payment Amount |
$0 |
Powerhouse Developers - Award Number B-09-LN-PA-0013 - Powerhouse Developers
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19139-1132 |
| Vendor Name |
Powerhouse Developers |
| Product and Service Description |
Purchase,renovate & resale of foreclosed single family houses |
| Payment Amount |
$526,174 |
Renovations by Max Jerome - Award Number B-09-LN-PA-0013 - Renovations by Max Jerome
| Award Number |
B-09-LN-PA-0013 |
| Sub-Award Number |
N/A |
| Vendor DUNS Number |
Not reported |
| Vendor HQ Zip Code + 4 |
19139-2720 |
| Vendor Name |
Renovations by Max Jerome |
| Product and Service Description |
Purchase,renoate & resale foreclosed single family houses |
| Payment Amount |
$477,587 |
<<<12>>>
| Location Information |
| Latitude, Longitude |
39º 57' 7",
-75º 9' 38" |
| Congressional District |
01 |
| Address 1 |
1234 Market Street, Suite 1700 |
| Address 2 |
|
| City |
Philadelphia |
| County |
Philadelphia |
| State |
PA |
| Zip |
19107-3784 |
|
 |