Loading...
5.0 HRSR 06-01-2009ITEM # 5. liver MEMORANDUM TO: Housing & Redevelopment Authority FROM: Annie Deckert, Economic Development Assistant DATE: June I, 2009 SUBJECT: Update on Neighborhood Stabilization Program . Background At its January 26, 2009 special meeting the HRA authorized submittal of an application to MN Housing Finance Agency for Neighborhood Stabilization Program (Foreclosure Recovery) Funds in the amount of $593,820. On February 26`h, the NSP application was approved in the amount of $593,820. for the following program initiatives: • Down payment assistance • Purchase & Rehabilitation of abandoned/foreclosed homes (buyer-driven) • Purchase & Rehabilitation of abandoned/foreclosed homes (entity-driven) Update The NSP funding award was approved for the following neighborhoods; Windsor Oaks, Trott Brook (all subdivisions), Park Pointe and Elk River Station. Staff has been working with MN Housing on executing a contract and will provide a verbal update at the meeting. Applications for the funding mechanisms are available on Tri-GAF's website (www.tricap.org/nsp) and staff has begun identifying potential homes for acquisition/rehabilitation. Work on the environmental review has begun and staff has partnered with the county and held two informational NSP open house workshops for local realtors and lenders. Staff also attended an informational meeting regarding the 2"`~ round of NSP funds on May 27`'' and will provide a verbal update at the meeting. Next Steps Following the execution of the contract, the next steps would include executing NSP funding agreements, developing the formal program implementation documents with Tri- CAP and starting the acquisition process. Staff continues to attend meetings and trainings put on by GMHF for the NSP funding administration. MANAGING I N TOUGH ECONOMIC TIME S ^ ~ The nationwide foreclosure crisis has devastated Minnesota neighborhoods in cities across the state. In response, the City of Brooklyn Park implemented a strategy to aggressively combat foreclosures and protect its neighborhoods. By Jamie Uerbrugge, Jason Aarsvold, and Kimberly Berggren ew things happen in a vacuum. The foreclosure crisis is a prime example of how intertwined and complex our economy is and, by extension, how the challenges fac- ing local communities are linked to regional, national, and global trends. In the late 1990s and early 2000s the nation participated in an unprecedented housing boom. Relaxed underwriting criteria and cheap, available credit con- verged to initiate and sustain this boom for several years. The consensus among many was that the housing market could continue this growth in perpetu- ity. We now know that this logic was flawed, and have seen the housing mar- ket come crashing down. Two years ago when indications pointed to increasing defaults resulting from Alt-A and sub-prime mortgages, few were predicting dire outcomes. After all, most of us shook our heads and asked why these folks hadn't learned from the experience of people who'd re-financed with "exploding ARMS" just a couple years before? Fool me once ... Fast forward. Only now do we understand that these mortgages were bundled and sold using complicated financial instruments and what amounted to fictitious securitization. Pretty soon our largest banking, invest- ment, and insurance institutions are all hemorrhaging money, laying people ofl, freezing vital investment capital, requesting taxpayer bailouts to avoid total meltdown, and-ta-da!-we have a global recession on our hands, the likes of which few of us have seen. But none of that affects our neigh- borhoods, right? It's something that's happening out there, far away, in New York City and Washington, D.C. Right. At home The nationwide housing boom and subsequent bust have had a very real impact on the City of Brooklyn Park and its neighborhoods. During the boom, investors saw great opportunity in Brooklyn Park's real estate market. Inexperienced property owners specu- lated in the community's neighbor- hoods, drove up prices, stripped equity from homes, and contributed little in the way of reinvestment. During this period of time, the number of licensed rental properties that are traditionally owner-occupied nearly tripled. Neighborhood disinvest- ment started to become evident and livability problems proliferated. The foreclosure epidemic com- pounded these neighborhood livability problems. By early 2006, Brooklyn Park saw its number of foreclosures creeping up. To local officials, this was a very troubling sign requiring immediate attention. Before the terms "sub-prime" and "mortgage-backed security" entered the nation's vernacular, Brook- lyn Park set about to aggressively com- bat foreclosures and protect its valued neighborhoods. As was said at the outset, things don't happen in a vacuum. Our foreclosure numbers are indeed startling, but Brooklyn Park's numbers represent only one piece in a much larger puzzle. Left unchecked, the destabilizing force of foreclosures in neighborhoods will very quickly doom any community. Putting together a foreclosure response plan is a first step in gaining a handle on the foreclosure issue. A response plan requires amulti-disciplinary approach and, in our case, it is part of a larger, unified, comprehensive approach to reclaiming our community. The numbers As the sixth most populous city in the state and fourth largest in the Twin Cit- ies metro area, Brooklyn Park is home to roughly 75,000 residents. Over the past two years, nearly 1,600 of the city's 22,719 non-apartment residential prop- erties went through foreclosure.The rate of foreclosure in Brooklyn Park has increased steadily each year since 2005. This increase has finally leveled off in recent months. We hope this most recent trend continues, but a predicted nationwide "second wave" of foreclo- sures is looming. As of March 31, 2009, approximately 820 Brooklyn Park homes were sitting vacant. In addition to foreclosed and vacant properties, nearly 1,500 tradi- tionally owner-occupied residential units have converted to rental status. Meanwhile, residential values are plum- meting, with 2009 values (pay 2010) for single-family residential properties down approximately 10 percent. These numbers mean significant community challenges and call for new and creative problem-solving, particu- larly in a time of declining resources. The response Brooklyn Park is placing a high prior- ity on the preservation and enhance- ment of its residential neighborhoods. These neighborhoods are critical to the MINNESOTA CLTIF.S MAY 2009 there is a fee cap or statutorily set fee. Consult your city attorney to ensure your fees are appro- priate and legal. Drop some services if possible As you review fees, always ask this question: should the city be providing this service? Cities provide many discretionary services that aren't fully paid by the fee charged. Sometimes the best way to improve your bottom line is by eliminating the service. For instance, one service some cities have discontinued is providing police staff to unlock vehicles for citizens who have locked their keys inside.This service was once viewed as a valu- able public relations tool, but in tight budget times, it is not a high enough public safety priority to continue. Cutting these types of services allows your city to focus its limited funds on higher priorities. Reduce the need for service Although you may consider eliminating some discretionary programs, some services are required and can't be eliminated. In those cases, see if you can find a way to reduce the demand for the service. One such example is false alarms that require police and fire response. Most cities charge a fee for responding to a certain number of false alarms, but the fee doesn't always cover the full cost. Elk River recently put in place a new ordi- nance to help reduce the number of false alarms that require city staff to respond. Basically, it requires the security company to call the prop- erty owner before calling the police or fire department.This has drastically reduced the number of false alarms for the city and resulted in savings. Another example is reinspections for building permits. Some cities charge reinspection fees for building permit inspections that fail because the work wasn't complete, the contractor failed to cancel a scheduled inspection, or correction orders haven't been completed.The intent is to cover costs and, more importantly, to encourage contractors to complete their work according to standards before they request an inspection. The charge is a way to reduce the demand for the service. Other revenue sources There are numerous types of city fees, both new and old, that are getting attention lately. For Before you decide to propose a new fee, it's important to review the legal issues. Make sure the fee is allowed by law and determine whether there is a fee cap or statutorily set fee. Although you may consider eliminating some discretionary programs, some services are required and can't be eliminated. In those cases, seerf you can find a way to reduce the demand for the service. example, the Legislature is considering allowing cities to implement street improvement districts. There are too many other possibilities to list, but here are a few that seem to be gaining in popu- larity lately: non-resident fees for programs and services; special assessments for seal coating or other improvements that were previously funded by taxes; franchise fees for private cable or utility companies operating in the city; street light util- ity fees; and prosecution training programs that bring traffic offense funds to the city. As you begin the 2010 budget process, it is a good time to start reviewing all of your city's revenues. With a little detective work to uncover new revenue sources, the willingness to propose new fees, and adjustment of current fees to reflect real costs, you should be able to generate addi- tional revenue. Continue the conversation at the LMC Annual Conference One benefit of working for a city is that we are willing and strongly encouraged to share experiences and ideas. Whenever possible, be sure to share an idea that worked and spread the news about innovative revenue sources you have discovered. Cities will have a great opportunity for sharing ideas at the League of Minnesota Cities (LMC) 2009 Annual Confer- ence and Marketplace June 24-26 in St. Paul. You can learn more about revenue ideas as well as a variety of other important topics. For more information and to register for the conference, visit wwwlmc.org/page/1/ annual-conference09 ;jsp. ~ Lori Johnson, city administrator of Elk River, unll be presenting the LMC Annual Conference session, "Alternative Revenue Sources."Phone: (763) 635-1000. E-mail: johnson@ci.elk-river.mn.us. MAY Z ~ 0 9 MINNESOTA C I T I E S city's long-term stability. An innovative city-wide initiative known as the Neigh- borhoodAction Program is setting the stage for improved neighborhood livability. The city also established a comprehensive foreclosure response plan. Together, these two efforts are success- fully combating the city's most pressing problems and preserving Brooklyn Park's neighborhoods. The goal of the Neighborhood Action Program is to reduce crime and improve the livability of challenged and distressed single-family neighborhoods. The city established aproblem-solving collaborative among city departments designed to promote information-shar- ing and strategic deployment of resources.The effort created synergies that gave rise to new crime-fighting and quality-of--life improvement strate- gies and tools, such as: ^ Increased information exchanges between city departments and resi- dent groups to leverage resident involvement in problem-solving efforts. ^ Enhanced law enforcement presence focusing on repeat criminal offenders that have negatively affected the safety of the community. ^ Increased property maintenance inspections and code enforcement in focus areas to improve the quality of life in neighborhoods. ^ Financing assistance for homeowners to make needed repairs and upgrades as well as redevelopment of blighted properties. ^ New databases to identify, track, and arrest repeat criminal offenders. ^ New analysis methods to measure the effectiveness of crime-fighting and code enforcement strategies. ^ New licensing enforcement policies to deal with problem rental property owners and unlicensed rental properties. Monitoring the rapid increase in prop- erty foreclosures, Brooklyn Park recog- nized the need to develop a systematic plan to mitigate the expected impacts of foreclosures.These anticipated impacts included increasing property vacancy, increasing code enforcement caseloads, and utility shut-offs.The response plan contains three primary strategies: (1) foreclosure prevention, (2) preservation and maintenance of foreclosed homes, and (3) foreclosure recovery. Foreclosure prevention Preventing foreclosures provides com- munities the biggest bang for the buck. Foreclosure prevention counseling is free to all Minnesotans, and Brooklyn Park works closely with the Home- ownership Center and Community Action Partnership for Suburban Hen- nepin to deliver these services to residents. The city has had office hours for a foreclosure prevention counselor one day a week at City Hall.This provides an added level of convenience for resi- dents, allowing them to drop in for free counseling. Enhancing outreach through marketing and special events has also been critical to make home- owners aware of this free resource. Foreclosure prevention counseling has been able to help avoid foreclosure for 20 percent to 30 percent of people seeking assistance. Given the circum- stances, this success rate is tremendous. Preservation and maintenance Recognizing that not all foreclosures can be prevented, preserving and main- taining foreclosed homes helps prevent further property damage and value loss. Streamlining processes, enhancing cross- department communication, and ramp- ing up code enforcement efforts have helped make this successful. City departments work together to identify vacant and foreclosed homes, properly secure vacant units, turn off water service when necessary, and mon- itor properties for unsafe conditions until they are reoccupied. While staff- intensive, these efforts protect homes from vandalism and broken pipes that can cause water damage. Foreclosure recovery Even with aggressive preservation and maintenance efforts, some homes are damaged to such an extent that they are unlikely to be immediately reoccupied and may even need to be demolished. For those homes that can be fixed, repair costs often exceed resale value, providing little incentive for private market rehabilitation. Fortunately, through the Housing and Economic Recovery Act, the fed- eral government has made available Neighborhood Stabilization Program (NSP) funding to help address these challenges. Brooklyn Park will utilize its NSP funding to promote foreclosure recovery in the following manner: MAY 2009 MIN NL'SOTA CITIES ^ Establish partnerships with for-profit and nonprofit developers to acquire and rehabilitate foreclosed homes, and put them up for sale. ^ Remove homes creating a blighting influence in neighborhoods through direct acquisition and demolition. ^ Create homebuyer incentive pro- grams for the purchase and/or reha- bilitation of foreclosed properties. Witnessing national and even global crises destabilize our neighborhoods is a reminder of the fragility of our cit- ies and the extent to which they are subject to events beyond our control. It is easy for local leaders to be over- come with a sense offutility.This kind of environment, however, provides an opportunity to showcase the hard work of individuals involved in local govern- ment and leads to innovation that pays long-term dividends. Successful communities pay close attention to national and global trends and continually assess how these trends will play out at the local level. The abil- ity to anticipate change and respond with a strong plan of action should be a core competency of every community. Continue the conversation at the LMC Annual Conference What innovative solutions has your city developed to deal with the foreclosure crisis? Whenever possible, be sure to share an idea that worked for your city and spread the news about innovative solutions. Cities will have a great opportunity for sharing ideas at the League of Minnesota Cities (LMC) 2009 Annual Conference and Market- place June 24-26 in St. Paul.You can learn more about dealing with the fore- closure crisis as well as a variety of other important topics. For more infor- mation and to register for the confer- ence, visit www lme.org/page/1/ annual-conference09;jsp. t Jamie T/erbrugye is the city manager of Brooklyn Park. E-mail: Jamie. herbrugge@ brooklynpark. org. Jason Aarsvold is economic and redevelopment director with Brooklyn Park. E-mail:_jason.Aarsvold@brooklyn- park.org. Kimberly Berggren is development project manager with Brooklyn Park. E-mail: Kimberly.Ber~gren@brooklypark. org. T~erbrugge and Aarsvold will be present- ing the LMCAnnual Conference session, "Tackling Foreclosure Problems." MANAGING I N TOUGH ECONOMIC TIME S ^ The focus on sustainability and `green" practices is crucial for the future of our planet. As an added benefit, many green initiatives can also save your city money. In these times, that's not just nice-that's necessary. By Jim Giebel nergy is one of the largest expen- ditures for city governments, so it's more important than ever to make sure your city's energy use is as efficient as possible. It's good for the environment as well as for your city's budget. City buildings, for example, use-and often waste-a ton of energy. But there are many low- and no-cost energy conservation strategies cities can employ to combat this waste. Many of these are well-known practices that are easy to implement, so it's important that you evaluate your city's energy use to make sure you are taking advantage of these simple techniques. Monitor your buildings The first step in your energy evaluation is to establish a baseline for all of your city buildings. Start by collecting two years' worth of billing data for all of the gas and electric meters of each building. This will give you an average cost and help you measure the success of your energy-saving initiatives. One way to help you track your energy use and cost is to make sure your city is in compliance with the state requirements of the Minnesota "Buildings, Benchmarking and Beyond" initiative. Under this program, govern- ment entities must submit their electric and natural gas energy usage numbers for all public buildings.The purpose is to identify inefficient energy use in public buildings. If your city has not submitted this data, you should do so as soon as pos- sible as the deadline has already past. Submitting this information is required by the state, and can actually be quite helpful to cities.The state has contracted with the Weidt Group to analyze the data for comparison, so individual cities can see where they stand on energy use. The Weidt Group is also providing pie charts, graphs, comparisons by type of building (fire, police, libraries), and other free tools that will aid in your tracking of energy. The Environmental Protection Agency Energy Star program also offers free tools to help you track the energy use of your buildings. Learn about them at www energystar.gov (click on "Buildings & Plants"). Temperature Making sure your thermostat is set at the optimal temperature is one of the easiest, no-cost strategies for reducing energy and saving money.This may sound simple, but too often, thermostats are set at the same temperature whether the building is in use or not. Suggested heating temperature range is between 66 and 70 degrees when the building is in use, and 58 to 60 degrees when unoccupied. For air conditioning, the suggested temperature range is 76 to 80 degrees at all times. Temperatures can be automatically adjusted at specific times with an energy management sys- tem or a simplistic setback thermostat. It is estimated that for every degree adjustment in heating/cooling, a savings of 1 percent to 2 percent can be expected. Lighting For most organizations, lighting con- sumes more than 30 percent of total energy usage. This is an area where you have the opportunity to make a major impact. One easy way to save energy is to make use of the least expensive form of light in buildings-sunlight-other- wise known as daylighting. Daylight- ing, in its simplest form, is simply taking advantage of any indirect sunlight that comes into your buildings. Open shades during the day, espe- cially during the winter months, to permit as much natural sunlight in as possible.This may allow you to turn off some lights near the windows. And there is an added benefit: tests have shown letting more sunlight into the office results in higher worker productivity. The type of lighting in your buildings will also affect your energy bill. For instance, incandescent lights are only about 10 percent efficient as light, with the other 90 percent given off as heat. They should be replaced immediately with compact fluorescent lights (CFCs) for immediate energy savings. Don't wait until they burn out-they are costing you money now. MINNESOTA CITIES MAY 2009