066530411B-09-CN-MN-0037Grant86008600N86-01612010-02-11An award of NSP2 funds under the American Recovery and Reinvestment Act of 2009 to a Consortium of City of Minneapolis (Lead), City of Brooklyn Park and Hennepin County. Funds will be used for the financing, purchase and rehabilitation, land bank, demolition and redevelopment of foreclosed and abandoned housing. The total NSP2 funding is $19.5 million and will impact approximately 405 units. This includes approximately $15.5 million for Minneapolis, $2.5 million for Brooklyn Park and $1.5 million for Hennepin County.19455156.00Q4-2012 - Funds are used for financing mechanisms, acquisition, rehab, land banking, demolition and redevelopment. Our NSP2 contracts with City approved non-profit community developers for rehabilitation of single-family homes for homeownership and multifamily buildings for rental are completed with our 8 non-profit community developers many of which are fully executed on a property by property basis at acquistion. Additional contracts will be executed as properties are acquired. With the assistance of the Twin Cities Community Land Bank additional properties continue to be acquired for developers within the consortium; however, the City has acquired additional properties for land banking for future redevelopment; with additional properties in different phases of the process. Due diligence on properties include property inspections, environmental review and appraisal work. NSP2 funds will assist 405 projects in total through out the City of Minneapolis (316), City of Brooklyn Park (36) and Hennepin County (53). A listing of all rehabilitation projects receiving NSP2 funds will be posted to our website at http://www.ci.minneapolis.mn.us/foreclosure/nsp.aspCompleted 50% or more41.14Jobs created/retained consisted of administrative functions in support of the grant (purchasing, administration, legal, financial, appraisal).13702760.6300.0000.00NSP2-Neighborhood Stabilization Program14.25616465590.050.0000.0005C-27577No105 Fifth Ave. S.MinneapolisMNUS55401252105C-276561287000.002010-04-0714004294105No417 N. Fifth St.Suite 1320MinneapolisMNUS554013204051073836.33C-276572234000.002010-04-0701033239303No5200 85th Ave. N.Brooklyn ParkMNUS554434301032037003.95C-28541870000.002010-07-0183276927205No615 1st Ave. NEMinneapolisMNUS55413000005112966.05B-09-CN-MN-0037C-27657Twin Cities Community Land Bank832769272554130000acquisition services - Hennepin County120000.00B-09-CN-MN-0037C-27656Twin Cities Community Land Bank832769272554130000acquisition services - Brooklyn Park150000.00B-09-CN-MN-0037C-28541Twin Cities Community Land Bank832769272554130000acquisition services - Minneapolis350845.85