2010-2014 Consolidated Plan - City of Champaign

interests in cooperatives. At the HACC’s request, the City will provide pre- and post-purchaseeducation to households in both homeowner programs.Inputs: Funding for HACC homeownership programs is a part of that agency’s budgetNumber and Type of Households to be Assisted (Outputs): Estimated at 3 Section 8 households year.Up to 20 scattered site units could also be converted to owner-occupancy.Local Outcome Measures:• 3 households are able to purchase homes• Self-sufficiency for program participantsHUD Performance Objective: Provide decent affordable housingHUD Performance Measurement Outcome: Availability/AccessibilityHomebuyer Education: The City will work with non-profits, lending institutions, and othergovernmental entities to expand homebuyer education classes to improve low-income households’access to available homeownership programs. These educational efforts will include an emphasis oncredit counseling since it is the greatest single barrier to home purchase, refinancing, and homeimprovement lending. As a certified HUD credit counseling agency, the City will be targeting its effortsto neighborhood organizations and other interested groups. Classes will generally be held in aworkshop setting but may also be conducted in small groups or 1:1 as requested by non-profitagencies.Inputs: Neighborhood Programs Division staff timeNumber and Type of Households to be Assisted (Outputs): 35-50 households per yearLocal Outcome Measures:• Increasing numbers of lower income homeowners• Increasing approval rates for home loans and low default ratesHUD Performance Objective: Provide decent affordable housingHUD Performance Measurement Outcome: Availability/Accessibilityc) Encourage the construction of new affordable housing stock. Rising construction costs make itvery difficult for low- and moderate-income households to afford the purchase price of newlyconstructed homes. Developer subsidies, in addition to the homebuyer subsidies noted above, areoften necessary to encourage the construction of more affordable units.Activities:Infill Development - Homestead Affordable Housing Program: The City will work with nonprofitand for-profit developers to provide infill housing in existing neighborhoods, either through newconstruction or rehab. This activity can assist in expanding both the rental and owner-occupiedhousing stock. City funding can be used for the acquisition and clearance of land for the creation ofnew homes or to cover the hard costs of construction or rehab.Inputs: Funding is available for lot purchase through the City’s Lot Acquisition program. In the past,the City has also donated land for redevelopment when land becomes available through propertymaintenance code enforcement. This is expected to continue if land is acquired by the City once aProperty Disposition Policy is completed by staff and adopted by Council. Land that is in demand bymore than one entity may be disposed of through an open and competitive proposal process.Number and Type of Households to be Assisted (Outputs): Homestead anticipates constructing 1 homein the Garden Hills neighborhood in Champaign during FY 2010/11. Homestead targets buyers withincomes between 50% and 80%MFILocal Outcome Measures:• Construction of affordable units on available lots will increase tax base and expand homeownershipopportunities• Public investment in neighborhoods spurs private investment in adjacent propertiesHUD Performance Objective: Provide decent affordable housingHUD Performance Measurement Outcome: AffordabilityHabitat for Humanity New Construction: The City will continue to support efforts of the localFY 2010/11 Annual Action Plan: Affordable Housing Activities 113