Thursday, August 19, 2010

Oregon NSP Report Through July Shows Progress in Spending But Unit/Beneficiary Goal Achievement is Lagging, Especially Land Banking.

New HUD report on Oregon NSP 1 peformance through July is HERE.  Report shows that 92% of FUNDING has been "committed" and 43% has been "expended".  

However, table on page 4 shows that only 18% of the 471 unit goal has been accomplished and only 22% of the 267 household beneficiary goal has been accomplished.

I prepared this table showing a breakout by planned activity:


Activity Unit Goal Unit Achieved % of UNIT Goal Achieved Beneficiary Goal Beneficiary Achieved % of Beneficiary Goal Achieved
 Total   471 87 18% 267 60 22%
 Acquisition   18 0 0% 8 0 0%
 Clearance   0 0 N/A 0 0 N/A
 Homeownership   185 43 23% 185 43 23%
 Land Banking   120 0 0% 0 0 N/A
 Public Facilities / Economic Dev 1 0 0% 0 0 N/A
 Residential New Construction   10 0 0% 0 0 N/A
 Residential Rehab   137 44 32% 74 17 23%
 Other   0 0 N/A 0 0 N/A

Land Banking Progress Would Improve Goal Accomplishment % Substantially. Since there is zero accomplishments yet for the 120 unit land banking goal, appears that even modest increases would substantially boost OHCS overall goal accomplishment. 

OHCS IS exceeding the 25% low income beneficiary set aside, achieving 40%.  

Originally created and posted on the Oregon Housing Blog.

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