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Date |
Additional Accomplishment |
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| 6/30/2005
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Homeownership Preservation
Budget $271,000
Services: Loans, grants and home improvement services performed for existing owners of 1-4 family properties. Activities includes rehabilitation, repair, hazard abatement, and energy conservation, as well as loans and grants to homeowners to finance these kinds of improvements.
OUTCOMES
2 Home Improvement Loans
Investment - $26,007
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| 6/30/2005
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Home Ownership Promotion Services
Budget $157,000
Services: Activities promoting home ownership including Home Buyers Education, Financial Fitness, pre.& post-counseling, financial assistance (both loans and grants), and the marketing and sale of newly developed properties. SL NHS is a Community Development Financial Institution, certified NeighborWorks Full-Cycle lender and HUD approved counselor.
OUTCOMES
133 Active loan, portfolio at $6,459,692, delinquency down from 19% to 11.81%
56 loans $5,921,118
- 4 1st Mortgages $438,778
- 39 Facilitated 1st Mortgages $4,427,960
- 2 2nd Mortgages $ 37,150
- 11 Refinances $1,017,230
16 Financial Fitness participants
2 Individual Development Accounts
30 foreclosure prevention sessions
100 participants in homebuyer education
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| 6/30/2005
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Community-Based Economic Development
Budget $24,000
Services: - Activities that improve economic conditions in a community. A wide range of activities can further this aim including directly creating a business, providing technical or financial assistance to business owners who are ready to start or expand a business or create new jobs, offering employment training and improving commercial properties or taking other steps to improve the environment for local businesses.
OUTCOMES
Consulted with 17 Spanish speaking small businesses to develop business & marketing plans
Citifront retail created 27 new jobs for the neighborhood
4 sets of 36 banner events displayed along North Temple corridor
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| 6/30/2005
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Community Building and Organizing
Budget $359,000
Services: Community organizing and other activities that help residents and other community stakeholders come together to develop and provide leadership to build a stronger community. A wide range of activities can further this aim including development of neighborhood groups/associations; leadership skill development training courses; youth activity and training groups; community fairs, and other opportunities to encourage a renewed energy, expertise, and focus in the
community .
OUTCOMES:
50 Volunteers engaged in community organizing activities such as traffic calming, voter registration
56 graduates from Westside Leadership Institute
400 new volunteers engaged in special event activities
2 town meetings with community leaders
12 YouthWorks graduates
8 community events to promote NHS activities and resident participation
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| 6/30/2005
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Asset and Property Management
Budget $231,000
Services -Asset management includes the long-term responsibilities of ownership of real estate including such activities as deciding on the type of portfolio to be developed, market positioning of the portfolio properties, refinancing, capital improvements. and selection and oversight of property manager. Asset management responsibilities come with any property owned outright by SL NHS. a subsidiary. or a general partner interest held by the SL NHS or its subsidiary. Property management includes the day-to-day operating responsibility for managing real estate that we own directly or properties owned by other entities. SL NHS is often responsible for this function on properties that we own directly and may hold contracts to perform property management on properties owned by other entities.
OUTCOMES
REO’s down to 8 from 15
155 rental units at Citifront with 100% leased up
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| 6/30/2005
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Real Estate Development
Budget $110,000
Services - All the activities involved in developing real estate regardless of whether the project is residential, commercial, rental, or for-sale. Development activities might include conceptualizing project, selecting and acquiring sites, managing design, assembling pre-development, construction and permanent financings, obtaining approvals, and overseeing construction and lease-up. There may be overlaps between this line of business and others depending on the nature of the project being developed.
OUTCOMES
2 new affordable homes constructed
Acquired and Remodeled 14 units
Investment $1,327,000
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