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Michael D. Pitman reports about Butler County, Ohio, politics, county government, countywide issues and Butler County people just like you for Cox Ohio Publishing (including the Hamilton JournalNews, Middletown Journal and several weekly papers in Butler County). He wants your suggestions and questions for more news stories. Leave a comment for him here or e-mail Michael at Home > Blogs > Butler County News and Issues > Archives > 2010 > September > 14
Tuesday, September 14, 2010
NSP funding goes to county, not cities
Last week HUD awarded just under $1 billion to states, counties and cities (and Puerto Rico) for the third round of the Neighborhood Stabilization Program, known as NSP 3.
Many entities that received money from NSP 1 likely did not receive NSP 3 funding. Middletown Community Revitalization Director Doug Adkins said many mid-sized cities could not meet the $1 million minimum threshold (which means if you could not qualify to receive $1 million, you didn’t get any money).
So how did a entity receive money?
According to HUD, there were “key indicators” used in a distribution formula. The formula weighed several factors to match funding to need in the 20 percent most distressed neighborhoods (based on number and percentage of home foreclosures, homes financed by a subprime mortgage related loan and homes in delinquency).
Also considered were the causes of foreclosures and delinquencies, increases in unemployment, and rate of high cost and highly leveraged loans.
Butler County Community Development Director Donna Everson said if communities were under the minimum threshold, they “were probably lumped in with the state.” If that’s the case, Hamilton and Middletown may still get some NSP 3-eligible projects funded via the state.
There were 19 allocations of NSP 3 funds in Ohio, which totaled nearly $51.79 million. Ohio received just more than $11.79 million. Just under $40 million went to the 18 state counties and cities that received NSP 3 money.
For what it’s worth, Cleveland and Columbus received the most in the state among cities and counties, getting $6.79 million and $4.8 million, respectively.
Now Everson’s department will likely use most of the money to demolish buildings. If you had a decision-maker’s ear, what would you suggest?
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