City of Evanston to Submit Amendment to NSP2 Action Plan
The City of Evanston plans to submit a Substantial Amendment to its Neighborhood Stabilization Program 2 (NSP2) Action Plan to the U.S. Department of Housing and Urban Development (HUD). The city invites public comment until noon on January 28. The amendment requests approval to include two NSP2 eligible activities in the City's NSP2 Action Plan:
- Land banking - City would retain ownership of certain properties with the intent to develop within ten years of NSP grant closeout.
- Demolition of blighted foreclosed housing- Demolition of property either to address a public safety and/or health concern or to implement a comprehensive neighborhood strategy of housing preservation and demolition.
The addition of these eligible activities does not change the amount of funding, the number of foreclosed and vacant residential properties whose negative effects will be mitigated or the geography in which the program is implemented.
The Planning and Development Committee of the Evanston City Council will consider the draft Substantial Amendment at its January 28, 2013 meeting, and bring a recommendation to the City Council the same evening. The Planning and Development Committee meeting agenda will be posted on the City's web site by January 25, 2013.
Comments are being accepted on the proposed Substantial Amendment during the 10‐day public comment period, which opened on January 18 and closes at 12 Noon on January 28, 2013. Comments will be accepted in writing at the Planning & Zoning Division Office, Room 3100, Lorraine H. Morton Civic Center, 2100 Ridge Avenue, Evanston, Illinois, 60201 or by email at email@example.com.
For additional information contact:
Jolene Saul, NSP2 Specialist
City of Evanston Planning & Zoning Division
NSP2 is funded under the American Recovery and Reinvestment Act of 2009 (ARRA). The Department of Housing and Urban Development (HUD) is managing this $1.93 billion program to help stabilize neighborhoods that have been hardest hit by the effects of foreclosed and abandoned properties. The City of Evanston is receiving $18.15 million to accomplish the following:
- Acquire and rehabilitate 100 housing units of foreclosed or abandoned housing for sale or rental by households at or below 120% of the area median income (currently $90,960 for a family of four).
- Property types may include single-family homes, townhomes, small flats, multi-family buildings and condominiums, based on availability.
- Provide a minimum of eight hours of housing counseling for homebuyers.
- Provide soft second mortgages to home purchasers.
- Funds not used for the required 100 units of foreclosed/abandoned housing will be used for a new housing development, which will be re-scaled or phased based on funding (proposed new development was 98 units).
To learn more about the City of Evanston's NSP2 program, visit www.cityofevanston.org/nsp2.