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Profile: Government Agency

Lead Government Agency
Funds Awarded
  • NSP1: $1,914,234
    NSP2: $11,000,000
Lead Contact
  • Michelle L. Starratt
    Assistant Housing Director
Developers
NSP1 Members
  • Unincorporated Alameda County
    Newark
NSP2 Consortium Members
  • Unincorporated Alameda County
    Dublin
    Emeryville
    Fremont
    Hayward
    Livermore
    Newark
    Pleasanton
    San Leandro
    Union City

Alameda County Consortium

Our Neighborhood Stabilization Efforts

In 2008, Alameda County’s Housing and Community Development Department (HCD) received an allocation of approximately $2.1 million in Neighborhood Stabilization Program 1 (NSP1) funds from the U.S. Department of Housing and Urban Development (HUD) to address the problem of abandoned and foreclosed homes. HCD issued a competitive Request for Proposals in spring 2009 and selected Hello Housing (formerly Hallmark Community Solutions) to implement the NSP1 grant in HUD qualified areas in the Urban County CDBG Jurisdiction (cities of Albany, Dublin, Emeryville, Newark, Piedmont and the unincorporated Areas of the County). HUD approved the use of funds in the unincorporated Alameda County and the city of Newark.

In February 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA), which authorized an additional $2 billion nationwide for a second round of NSP (NSP2) to be used for the same purposes as provided in the original NSP1 Program. Alameda County HCD created the NSP2 Consortium to cover areas where HUD approved the use of funding (consisting of the cities of Emeryville, San Leandro, Hayward, Union City, Newark, Fremont, Dublin, Pleasanton, Livermore and the unincorporated County) to apply for $11,000,000 of NSP2 funding. On January 19, 2010, HUD informed the County of its award of the full $11,000,000 of NSP2 funding. Alameda County has committed up to $17 million in Mortgage Credit Certificates (MCCs) which provide an eligible buyer with the opportunity to reduce their federal income taxes otherwise due. This helps the buyer qualify for a higher first mortgage, without increasing their monthly expenses.

HCD, as lead member of the NSP Consortium, negotiated agreements with two development partners, selected by members of the Consortium to implement NSP 2, which include Hello Housing and Habitat for Humanity East Bay.

Alameda’s Affordability Requirements

One of the obligations for the Neighborhood Stabilization Program is that eligible homebuyers comply with long-term affordability requirements. Due to the change in the housing market, there has been a change to the affordability requirements. All homebuyers will be required to execute a “resale restriction and option to purchase agreement”, which is recorded against the property requiring that, in the event the homebuyer decides to sell the property in the first 30 years, the property must be sold at a price affordable to middle-income households (120% of Area Median Income or below).

Detailed information about this process will be shared during the qualification process.