NEIGHBORHOOD STABILIZATION PROGRAM 3 (NSP3)
August 19, 2011
CITY OF INDEPENDENCE
NOTICE OF FUNDING AVAILABILITY (NOFA)
Neighborhood Stabilization Program 3 (NSP3) Funds
The City of Independence is requesting proposals from qualified affordable housing developers for up to $1,425,000 in NSP3 funds for acquisition and/or rehabilitation of foreclosed, abandoned and vacant properties, for rental or lease-purchase to households below 120% of Area Median Income (AMI), with 50% of funding prioritized for projects serving senior households below 50% AMI.
The full NOFA and application forms may be obtained from the links below beginning August 23, 2011. Respondents will be required to submit a pre-application by September 6, 2011; and approved pre-applicants will be required to submit a full application by October 14, 2011. For additional information contact Christina Leakey in the Community Development Department at (816) 325-7397 or by e-mail at firstname.lastname@example.org .
View the Neighborhood Stabilization Program 3 (NSP3) RFP
If you download this document and wish to receive direct notice of addendums posted concerning the NSP3 RFP, please register by sending your contact information to email@example.com .
Independence NSP3: Eligible Areas of Greatest Need
Notice Re: Approved Pre-applicants for Independence NSP3
Eight (8) pre-applications for NSP3 funding were submitted by the deadline, for a total request exceeding $4.2 million. All 8 projects have received an initial determination of 'Eligible' for NSP3 funding based on HUD's threshold criteria for allowed activities and project locations. Pre-applications have been ranked by the City as High, Medium or Low priority based on the following: project's contribution to achievement of HUD and City NSP priorities and additional considerations stated in the RFP, project's location relative to other City targeted neighborhood investments through NSP, HOME, CDBG and 353 Redevelopment programs, and feasibility of success based on an initial assessment of security of project financing, site identification and control, developer preparedness to comply with federal regulations, and expenditure deadlines. While all pre-applicants are eligible to submit a full application, due to funding limitations and the level of competition, it is likely that only projects ranked as High priority will be competitive for funding during the current round. Applicants for Low and Medium ranked projects may contact the Department Representative identified in the RFP to discuss opportunities for improving a project's priority ranking.
Approved Pre-applicants and Priority Ranking for Independence NSP3
*Notice: The deadline for full applications is being extended until 5:00 p.m. October 14, 2011