May 07 Update

HOME AGAIN UPDATE 5/7/07 2006 Results: • • • •

City Attorney’s Office filed 175 civil cases Demolished 27 properties with city dollars (52 more demolished with private dollars) 2006 106 completed; $1,391,360 Ave $13,126 Housing Trust and Land Bank acquiring properties (Housing Trust has acquired a total of 14 properties; Land Bank is developing 15 lots in Franklinton)

2007 Results • • • •

Roof Repair Plus! As of April 25, 2007 2007 10 completed; 21 committed; $302,607 Ave $14,410 Since the inception (May 2006), 31 city authorized demolitions have occurred. Five of the thirty-one have occurred in 2007. Emergency Shelter Renovations 2006 2 projects completed Faith Mission $164,000 and Homeless Families Foundation $86,000 2007 3 Projects selected Faith Mission, Friends of the Homeless and Maryhaven Women's Engagement Center

2007 Goals: Funding(Capital): •Acquisition/rehabilitation $1,550,000 •Roof Repair $1,250,000 •Demolitions $450,000 •Total $3,250,000 Funding (Operating): •Home Again Coordinator •Real Estate Asset Manager •Development Rehab Tech. •Office Assistant •Mowing/maintenance contract •Total

$72,767 $66,428 $56,263 $48,051 $56,491 $300,000

(Mowing/maintenance contract allows for the upkeep of 230 properties in the City’s inventory, including those in Home Again)

Projections •City rehabs and/or new builds: 25 •ACA rehabs: 60 (This program has not started yet; as a result we will enter into a contract with CHP for $750,000 to rehab 23 properties across the City) •Demolitions: 60 (30 performed with city dollars; 30 done by private entities) •Roof Repairs: 115 •Enforcement cases filed in courts: 115 Under the Home Again Initiative in Franklinton, the Land Redevelopment Office is marketing buildable lots to the private sector developers. The properties are packaged in a 4 lot minimun purchase at $500 each. Upon completion of EACH single family house a subsidy of $25K will be paid to the developer by the Housing Trust. We began marketing it on the City's home page April 5, 2007, and our Land Bank site, to the BIA and their members, Board of Realtors and their members as well as other organizations. In addition we have application packages available at each Neighborhood Pride Center, Franklinton Area Commission, Downtown offices, and at other locations. The application packages contain a locational map of all of the properties; and individual property data sheet with photo, directions, zoning info, site map; instruction sheet; application form; and redevelopment guiding principles. These can also be accessed on line. We have heard from several major developers who are working on a proposal. City View Homes (CHP)

34-UNIT Low-Income Housing Tax Credit project with Columbus Housing Partnership, Inc. The units are single-family lease/purchase units for the 15-year tax credit compliance period. The City investment of $348,000 in HOME Investment Partnership fund into the $6.5 mill project. There are 29 new construction and 5 rehabilitation units; of the lots in City View came from the Land Bank Closing on the financing is estimated late summer. Start construction early fall. Habitat for Humanity The City transferred three lots on Guilford to Habitat for Humanity. We partnered with the Franklinton Development Association and added a fourth lot on Guilford. Habitat has begun digging on three of the four lots. Beginning June 2, volunteers will be on site beginning June 2 so we can stop by during the tour.

Mayor’s Tour

Scheduled to visit Franklinton Friday, June 15 from 10 am to 3:30 pm Huntington Press Event Huntington and Mayor Coleman are scheduled to hold a press conference Wednesday, May 9 to announce the extension of the bank partnership, including new strategies to assist with Home Again. The two new strategies proposed by Huntington are a below rate mortgage product created for potential Home Again buyers and a commitment to donate properties in foreclosure over the next several years. Huntington also committed to helping the City to challenge other banks to offer similar incentives for Home Again. Mt. Carmel Scheduled to meet with Mt. Carmel leadership of Friday, May 11. They received approval from their Board of Directors to create a non-profit for the purpose of acquiring and rehabilitating properties in and around the hospital.