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Bayview District
Bayview Rehabilitation District
APPROVED BY CITY COUNCIL-1988
BRIEF DESCRIPTION OF PLAN OBJECTIVES
· Rehabilitation of residential properties. Since Bayview is a rehabilitation district, no scheduled acquisition was deemed necessary, and adherence to rehabilitation standards was voluntary
· Provision of grants and below interest loans for property rehabilitation and provision of technical assistance to oversee planned repairs
BRIEF DESCRIPTON OF IMPLEMENTED ACTIVITIES
· Provided 149 loans for property rehabilitation
· Provided homeownership assistance to 2 families through the HOME Program
2008 NEIGHBORHOOD STRUCTURE ASSESSMENT
|
Conditions
|
Percentage 1988
|
Percentage 2008
|
|
Good
|
78
|
92
|
|
Fair
|
22
|
8
|
|
Poor
|
0
|
0
|
|
Total
|
100
|
100
|
CURRENT AND PLANNED ACTIVITIES
· Continuation of the Rehabilitation Loan Program as needed.
TOTAL AMOUNT OF INVESTMENTS THROUGH FISCAL YEAR 2008
|
CDBG
|
$232,604
|
|
CIP
|
$145,867
|
|
HOME
|
$304,033
|
|
RLF
|
$651,621
|
|
OTHER
|
$70,000
|
|
TOTAL
|
$1,404,125
|
PLAN STATUS/RECOMMENDATIONS AND ANTICIPATED EXIT DATE
In the plan adopted in 1988, the Project Area Committee requested that project activities be completed by 1995.
Considerable progress has been made in the rehabilitation of the homes in Bayview. However, changes in the economic demographics of the neighborhood in the last few years points to the need for a shift in the rehabilitation programs being offered. Heretofore, the vast majority of homeowners was elderly and on fixed incomes in the low to moderate-income range. As such these individuals qualified for our Equity Secure program. Families in this income category are dwindling and loan activity is falling off accordingly. This in and of itself could be viewed as a healthy sign for the neighborhood.
Today many of the younger families moving into Bayview have an income above the low-moderate income threshold. If the Authority wishes to assist these families, there needs to be a loan program that does not have the low-moderate income requirements. The source of the funds for such a program could be the City of Norfolk’s Capital Improvement Program (CIP) funds that NRHA receives as part of the annual neighborhood fund allocation from the City.
In addition to loans, Authority staff also provides technical assistance to homeowners with work write-ups, cost estimating and contractor monitoring. No loan funds are provided.
It is not practical to expect that every home will be improved with a loan from NRHA. However, a measurable objective relative to the number homes to be rehabilitated and or a desired percentage of homes in good condition relative to the homes in fair condition could be set. When this goal is accomplished, a decision could be made to whether the effort has been successful and assistance could be terminated.
The Authority needs to make a decision on whether to set such a goal or whether it is appropriate for neighborhoods like Bayview to have an ongoing maintenance program providing loans and technical assistance to insure continued improvements of the homes over time or to discontinue funding the rehabilitation efforts and place the community in an inactive status similar to Lafayette-Winona and Colonial Place.
If the Authority does not wish to expand the potential base of homeowners through the utilization of CIP funds, staff would recommend placing the community in an inactive status.
Redevelopment Project