stateofwestvirginia.docVIP

State of West Virginia Neighborhood Stabilization Program Request for Proposals In partnership with: West Virginia Development Office West Virginia Housing Development Fund West Virginia Governor’s Office of Economic Opportunity UPDATED July 10, 2009 DISCLAIMER: Not withstanding any information contained herein, where a conflict of language or omission of requirements occurs, the requirements of the Federal Notice and HUD Guidance on the Neighborhood Stabilization Program shall prevail. TABLE OF CONTENTS Introduction 3 Background on Neighborhood Stabilization Program 3 State of West Virginia Partnership 3 State Application Requirements and Review Process 3 Overview 3 Time Frames 3 Eligible Applicants 3 State Application Deadlines and Schedule 3 State Application Submission Requirements 3 Policy Guidelines 3 Eligible Geographic Areas 3 Important NSP Definitions 3 threshold requirements 3 Application Threshold Requirements 3 Applicant/Organization Threshold Requirements 3 Scoring Criteria 3 Organizational and Implementation Capacity of Applicant 3 Community Need 3 NSP Project Design 3 Readiness to Proceed 3 program design 3 Homebuyer Rehab, New Construction and Reconstruction 3 Rental Housing Rehab, Reconstruction, New Construction 3 Land Banking for Future Redevelopment 3 appendix a – GUIDEFORM NSP VOLUNTARY ACQUISITION 3 Informational Notice - Agencies with Eminent Domain Authority 3 Informational Notice – Agencies without Eminent Domain Authority 3 appendix b 3 Addendum to Option or Agreement to Purchase Real Estate 3 Introduction Background on Neighborhood Stabilization Program In mid-summer, Congress passed the Housing and Economic Recovery Act (HERA), which included a number of housing stimulus provisions. One of these, Title III, has come to be known as the Neighborhood Stabilization Program (NSP). Under NSP, the Congress appropriated $3.92 billion to address foreclosed and abandoned housing that is having a detrimental effect on neighb