Federal Stimulus & Recovery Act Programs
Community Development Block Grant - Recovery (CDBG-R)
Chula Vista will receive over $532,00 in new one time Community Development Block Grant - Recovery (CDBG-R) funds to stimulate the local economy. The City's proposed plan is now available for public review and comment at the link above.
Homeless Prevention and Rapid Re-Housing Program (HPRP)
Chula Vista will receive over $800,00 in new one time Homeless Prevention and Rapid Rehousing Program (HPRP) funds to aid families affected by the economic crisis and facing potential homelessness. The Program will begin in October 2009. The City's proposed plan as submitted to HUD can now be viewed at the link above.
Neighborhood Stabilization Program (NSP)
Update (9/05/09) to the First Amendment
On January 13, 2009 the U.S. Department of Housing and Urban Development (HUD) notified the City of Chula Vista that it was approved to receive over $2.8m in additional special one-time Community Development Block Grant (CDBG) funds through a new Neighborhood Stabilization Program (NSP). The purpose of the NSP program is to assist Cities dealing with the negative effects of abandoned and foreclosed properties, as opposed to prevention of foreclosure. The NSP funds may be used to purchase foreclosed or abandoned homes/properties and/or to rehabilitate, resell, or redevelop these homes to helpstabilize neighboring homes and neighborhoods.
The City's proposed plan as submitted to HUD can now be viewed at the links above, including an update on 8/21/09. The City of Chula Vista identified two NSP eligible programs, as follows:
- NSP First-Time Homebuyer Program - providing up to $70,000 in down payment and closing cost assistance towards the purchase of a foreclosed property within targeted neighborhoods in Chula Vista. If you earn under $86,500 (family of 4) and are a first-time homebuyer (have not owned property within the past 3 years) you may qualify. To learn more about the NSP First-Time Homebuyer Program, click here.
- Permanent rental housing - $1M will be targeted to partner with an affordable housing developer to acquire and rehabilitate foreclosed properties to create permanent rental housing for very low-income residents (residents earning below 50% area median income). A Request for Qualifications (RFQ) was issued in April 2009 to select development partners to assist in the identification of potential projects. Additional information on this activity will be posted as available. If you are looking for permanant rental housing please refer to our existing affordable rental opprtunities by clicking here.
To view a copy of the first quarter report on NSP progress, click here. Additional information regarding the NSP funds can be found by visiting the U.S. Department of Housing and Community Development at:
http://www.hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/