Targeting NSPFunds靶向NSP基金.pptVIP

Targeting NSP Funds Todd Richardson HUD Office of Policy Development and Research Overview Targeting Requirements in NSP HUD’s NSP Allocation Formula Statewide allocation Within-state allocations Local NSP Targeting Other Resources Overview (2) WWW.HUD.GOV/NSP HUD’s Formula Methodology NSP Grantee Data Resources /publications/commdevl/nsp.html Targeting Requirements - HUD “For emergency assistance with redeveloping abandoned and foreclosed homes” to “States and units of general local government with the greatest need, as such need is determined in the discretion of the Secretary based on the number and percentage of home foreclosures in each State or unit of general local government; the number and percentage of homes financed by a subprime mortgage related loan in each State or unit of general local government; and the number and percentage of homes in default or delinquency in each State or unit of general local government.” (2301(b)(3)) Targeting Requirements - Local The statute also provides direction to grantees that they should give priority emphasis in targeting the funds that they receive to “those metropolitan areas, metropolitan cities, urban areas, rural areas, low- and moderate-income areas, and other areas with the greatest need, including those-- with the greatest percentage of home foreclosures; with the highest percentage of homes financed by a subprime mortgage related loan; and identified by the State or unit of general local government as likely to face a significant rise in the rate of home foreclosures.” (2301(c)(2)) Two Questions Why does the total amount allocated to Florida exceed the total amount allocated to California? Why do some communities with tremendous foreclosure problems not get direct allocations? Statewide Allocation Evaluated multiple data sets for information on foreclosures, subprime loans, defaults/delinquencies Good news – generally, high rate of foreclosure related problems in one data set equaled similarly high rate of