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Neighborhood Stabilization Program Resource Panel March 12, 2009  TKB Properties, LLC.  Kevin Lacasse Tim Coulombe
Berlin, New Hampshire
Targeted Neighborhood
 
Neighborhood <ul><li>The target neighborhood is known as the Lower East Side. </li></ul><ul><li>Made up of multi family pr...
Need for NSP Funds <ul><li>Viewed many properties in January of 2008 </li></ul><ul><li>Not fiscally responsible to purchas...
Project Goals <ul><li>Use of local labor and materials </li></ul><ul><li>Energy efficiency </li></ul><ul><li>Long term aff...
Financing <ul><li>Purchase all properties using private funds </li></ul><ul><li>NSP funds to cover all rehabilitation cost...
Impact <ul><li>Nearly all targeted properties are vacant which will cause very limited displacement  </li></ul><ul><li>“ F...
Energy Efficient <ul><li>Energy Audits (Jordan Institute) </li></ul><ul><ul><li>Each property will undergo: </li></ul></ul...
<ul><li>Use of Energy Star Rated </li></ul><ul><ul><li>Appliances </li></ul></ul><ul><ul><li>Light fixtures </li></ul></ul...
Energy Efficient <ul><li>Geothermal  (Where feasible) </li></ul><ul><ul><li>Heating  </li></ul></ul><ul><ul><li>Cooling </...
Energy Efficient <ul><li>Solar </li></ul><ul><ul><li>Domestic Water </li></ul></ul><ul><ul><li>Not cost effective to use N...
Energy Efficient <ul><li>Insulation </li></ul><ul><ul><li>Blown cellulose </li></ul></ul><ul><ul><li>Spray foam </li></ul>...
Energy Efficient <ul><li>Water Conservation </li></ul><ul><ul><li>Low flow toilets </li></ul></ul><ul><ul><li>Low flow sho...
Snapshot of a few Targeted Properties
<ul><li>632 Champlain Street </li></ul>
 
632 Champlain <ul><li>Five Unit </li></ul><ul><li>Forclosed </li></ul><ul><li>Vacant </li></ul><ul><li>Large corner lot wi...
 
<ul><li>606 Champlain </li></ul>
 
606 Champlain <ul><li>Two unit </li></ul><ul><li>Vacant </li></ul><ul><li>Private sale </li></ul><ul><li>Owner attempted t...
<ul><li>97 Grafton Street </li></ul>
 
97 Grafton Street <ul><li>This property is outlined in the City of Berlin’s application. </li></ul><ul><li>The City propos...
<ul><li>590 Champlain Street </li></ul>
 
590 Champlain Street <ul><li>Three unit </li></ul><ul><li>No parking </li></ul><ul><li>Dilapidated  </li></ul><ul><li>Vaca...
<ul><li>583 Champlain Street </li></ul>
 
583 Champlain Street <ul><li>Two unit </li></ul><ul><li>Minimal parking </li></ul><ul><li>Dilapidated  </li></ul><ul><li>V...
<ul><li>590 Goebel Street </li></ul>
 
 
590 Goebel Street <ul><li>Four unit </li></ul><ul><li>Ample parking </li></ul><ul><li>Absent Owner  </li></ul><ul><li>Vaca...
<ul><li>183 Grafton Street </li></ul>
 
183 Grafton Street <ul><li>Three unit </li></ul><ul><li>Vacant  </li></ul><ul><li>Short sale (3/2/09) </li></ul><ul><li>No...
Kevin Lacasse 603-530-2091 [email_address] Tim Coulombe 603-752-3244 [email_address]
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Transcript of "Neighborhood Stabilization Program1"

  1. 1. Neighborhood Stabilization Program Resource Panel March 12, 2009 TKB Properties, LLC. Kevin Lacasse Tim Coulombe
  2. 2. Berlin, New Hampshire
  3. 3. Targeted Neighborhood
  4. 5. Neighborhood <ul><li>The target neighborhood is known as the Lower East Side. </li></ul><ul><li>Made up of multi family properties ranging from 2-6 units per building with the greatest concentration being 3 family, 3 story buildings. </li></ul><ul><li>Few single family residences mixed in. </li></ul><ul><li>Construction of most of these properties took place around the turn of the last century as work force housing to serve the needs of the then growing paper mills. </li></ul><ul><li>Neighborhood is bounded by the newly purchased Laidlaw Property, Community Field, and within walking distance to downtown. </li></ul><ul><li>Moderate traffic count road </li></ul><ul><li>Extremely high visibility as soon as one crosses the river from Main Street </li></ul>
  5. 6. Need for NSP Funds <ul><li>Viewed many properties in January of 2008 </li></ul><ul><li>Not fiscally responsible to purchase </li></ul><ul><li>Many dilapidated properties </li></ul><ul><li>Rents did not support cost of acquisition and rehab </li></ul><ul><li>Forced some current owners to close down buildings because they could not afford to operate them </li></ul>
  6. 7. Project Goals <ul><li>Use of local labor and materials </li></ul><ul><li>Energy efficiency </li></ul><ul><li>Long term affordability as per HUD guidelines </li></ul><ul><li>Long term ownership and management </li></ul><ul><li>Lead and Radon remediation </li></ul><ul><li>Efficient use of funds </li></ul><ul><li>Restore properties back on City tax rolls </li></ul><ul><li>Stabilize neighborhood by </li></ul><ul><ul><li>Reducing crime rate – Arson </li></ul></ul><ul><ul><li>Squatters </li></ul></ul><ul><ul><li>Drug use </li></ul></ul><ul><ul><li>Supplying clean, affordable housing close to downtown </li></ul></ul><ul><ul><li>Sponsor neighborhood clean up </li></ul></ul><ul><ul><li>Prevent future foreclosure by increasing LTV and operating expenses </li></ul></ul>
  7. 8. Financing <ul><li>Purchase all properties using private funds </li></ul><ul><li>NSP funds to cover all rehabilitation costs </li></ul>
  8. 9. Impact <ul><li>Nearly all targeted properties are vacant which will cause very limited displacement </li></ul><ul><li>“ Facelift” on highly visible section of the city </li></ul><ul><li>Revitalize not only targeted properties, but encourage neighbors to clean theirs as well (Sponsor Clean up day) </li></ul><ul><li>Promotes pride in neighborhood </li></ul><ul><li>As the City is demolishing blighted properties NEFH is replacing them with safe,clean, affordable housing close to downtown </li></ul>
  9. 10. Energy Efficient <ul><li>Energy Audits (Jordan Institute) </li></ul><ul><ul><li>Each property will undergo: </li></ul></ul><ul><ul><ul><li>Blower Test </li></ul></ul></ul><ul><ul><ul><li>Thermal Imaging </li></ul></ul></ul><ul><ul><ul><li>Itemized report and recommendations </li></ul></ul></ul>
  10. 11. <ul><li>Use of Energy Star Rated </li></ul><ul><ul><li>Appliances </li></ul></ul><ul><ul><li>Light fixtures </li></ul></ul><ul><ul><li>CFL Light bulbs </li></ul></ul><ul><ul><li>Programmable Thermostats </li></ul></ul>Energy Efficient
  11. 12. Energy Efficient <ul><li>Geothermal (Where feasible) </li></ul><ul><ul><li>Heating </li></ul></ul><ul><ul><li>Cooling </li></ul></ul><ul><ul><li>Domestic water </li></ul></ul>
  12. 13. Energy Efficient <ul><li>Solar </li></ul><ul><ul><li>Domestic Water </li></ul></ul><ul><ul><li>Not cost effective to use NSP for electrical </li></ul></ul>
  13. 14. Energy Efficient <ul><li>Insulation </li></ul><ul><ul><li>Blown cellulose </li></ul></ul><ul><ul><li>Spray foam </li></ul></ul><ul><ul><li>Pipe </li></ul></ul><ul><ul><li>Fiberglass </li></ul></ul><ul><ul><li>Rigid foam board </li></ul></ul><ul><ul><li>Vapor Barriers </li></ul></ul>
  14. 15. Energy Efficient <ul><li>Water Conservation </li></ul><ul><ul><li>Low flow toilets </li></ul></ul><ul><ul><li>Low flow shower heads </li></ul></ul><ul><ul><li>Low flow faucet filters </li></ul></ul>
  15. 16. Snapshot of a few Targeted Properties
  16. 17. <ul><li>632 Champlain Street </li></ul>
  17. 19. 632 Champlain <ul><li>Five Unit </li></ul><ul><li>Forclosed </li></ul><ul><li>Vacant </li></ul><ul><li>Large corner lot with paved driveway </li></ul><ul><li>Six garages </li></ul><ul><li>Non Compliant to Life Safety Code </li></ul><ul><li>TKB Properties purchased property on March 2, 2009 </li></ul>
  18. 21. <ul><li>606 Champlain </li></ul>
  19. 23. 606 Champlain <ul><li>Two unit </li></ul><ul><li>Vacant </li></ul><ul><li>Private sale </li></ul><ul><li>Owner attempted to rehabilitate but could not due to economic turmoil </li></ul><ul><li>Could not be rehabbed with private capital alone. Market rents would make it fiscally irresponsible </li></ul><ul><li>Property is now only a shell </li></ul>
  20. 24. <ul><li>97 Grafton Street </li></ul>
  21. 26. 97 Grafton Street <ul><li>This property is outlined in the City of Berlin’s application. </li></ul><ul><li>The City proposes to demolish and de-densify the neighborhood. </li></ul><ul><li>Property could then be sold to abutter </li></ul><ul><li>This will allow parking for 590 Champlain </li></ul><ul><li>Victim to arson more than once </li></ul>
  22. 27. <ul><li>590 Champlain Street </li></ul>
  23. 29. 590 Champlain Street <ul><li>Three unit </li></ul><ul><li>No parking </li></ul><ul><li>Dilapidated </li></ul><ul><li>Vacant </li></ul><ul><li>Non compliant to Life Safety Code </li></ul><ul><li>On market for 189 days (re-listed) </li></ul>
  24. 30. <ul><li>583 Champlain Street </li></ul>
  25. 32. 583 Champlain Street <ul><li>Two unit </li></ul><ul><li>Minimal parking </li></ul><ul><li>Dilapidated </li></ul><ul><li>Vacant </li></ul><ul><li>On market for 189 days (re-listed) </li></ul>
  26. 33. <ul><li>590 Goebel Street </li></ul>
  27. 36. 590 Goebel Street <ul><li>Four unit </li></ul><ul><li>Ample parking </li></ul><ul><li>Absent Owner </li></ul><ul><li>Vacant </li></ul><ul><li>Victim of sub-prime mortgage at height of market </li></ul>
  28. 37. <ul><li>183 Grafton Street </li></ul>
  29. 39. 183 Grafton Street <ul><li>Three unit </li></ul><ul><li>Vacant </li></ul><ul><li>Short sale (3/2/09) </li></ul><ul><li>Non compliant with Life Safety Code </li></ul><ul><li>Frozen plumbing system </li></ul>
  30. 40. Kevin Lacasse 603-530-2091 [email_address] Tim Coulombe 603-752-3244 [email_address]
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