Neighborhood Development Programs

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Successor Agency

On December 29, 2011, the California Supreme Court upheld AB 1X 26 abolishing redevelopment in California as of February 1, 2012. Now the complicated process of dissolution is underway. On February 28, 2012, the City of Moreno Valley, acting as the Successor Agency for the former Redevelopment Agency (RDA), became responsible for winding down the affairs of the redevelopment agency including disposing of its assets and making payments due for debt incurred by the former RDA.

Another part of that winding down process is the establishment of an Oversight Board to review and approve the activities of the Successor Agency and ensure the former RDA's assets are distributed to the taxing entities. The Oversight Board is composed of seven members representing various taxing entities and is an independent decision-making body with a fiduciary responsibility to holders of enforceable obligations of the former RDA and the taxing entities that remain in the former redevelopment project areas. The Boards actions will be overseen by the State Department of Finance and may be subject to disapproval or modification.

For all Successor Agency inquires please e-mail np@moval.org, or call 951.413.3450.

Recognized Obligation Payment Schedule:

Oversight Board

ABx 126 (the "Dissolution Act") provides for an Oversight Board to be duly constituted to review and approve the activities of the Successor Agency and ensure the former RDA's assets are distributed to the taxing entities. The Oversight Board is composed of seven members representing various taxing entities and is an independent decision-making body with a fiduciary responsibility to holders of enforceable obligations of the former RDA and the taxing entities that remain in the former redevelopment project areas. The Boards actions will be overseen by the State Department of Finance and may be subject to disapproval or modification.

Find out more about the Oversight Board...

 

Affordable Housing

The City Council and the City of Moreno Valley are dedicated to providing affordable rental opportunities. The City has invests housing funds into the construction and rehabilitation of affordable multi-family rental projects in partnership with developers throughout the City. In return, the project owners are required to provide discounted, below-market rents to income qualified tenants during the term of their Agreements with the City.

Units in developments priced at a “below market rate” are made affordable to varied incomes ranging from very-low to moderate income households (30% -120% AMI). Each project has a specific number of units reserved at below market rates, as well as specific income requirements for the units.

For qualification information, unit availability, and application questions, please contact the Leasing Agent displayed for each respective property listed below. The City does not own or manage any housing directly.

Affordable Housing Database (AB987)

The Affordable Housing Database Worksheet has been published for public viewing in accordance with requirements set forth by Assembly Bill 987. This database contains required information on owner-occupied and rental units developed or substantially rehabilitated with Low and Moderate-Income Housing Funds. As required, this list is updated once annually and shall exclude the listings of units reserved for victims of domestic violence.

Annual Report

"California Health and Safety Code Section 34328 states that by October 1 of each year, “an authority shall file with the clerk of the respective city or county and with the Department of Housing and Community Development an Annual Report of its activities for the preceding year.” The Annual Report for the Moreno Valley Housing Authority covers all the activities that have occurred during the 2011-12 Fiscal Year, including housing unit compliance with affordability requirements, activities concerning existing debt obligations, as well as land transactions and development.

Also of interest...

Income Limits, Affordable Rents and Utility Allowance Schedules

Neighborhood Stabilization Program (NSP)

NSP-HAP

The City of Moreno Valley was awarded $11,390,116 to implement the Neighborhood Stabilization Program 1 (NSP1) and $3,687,789 to implement the Neighborhood Stabilization Program 3 (NSP3) aimed at assisting the City’s areas most affected by abandoned and foreclosed homes.

Moreno Valley’s NSP program is designed to assist the City’s areas that have been most affected by abandoned and foreclosed homes by:

  • Rehabilitating multi-family units for rental to income-qualified renters earning up to 50% of the Area Median Income (AMI). For rental information, please contact the onsite property manager at 951.656.2500.
    Acrobat Information about currently available affordable rental units
  • Rehabilitating foreclosed single-family properties for the purpose of resale to income-eligible home-buyers earning up to 120% AMI. The NSP single-family properties have been recently renovated, come with a one-year home warranty, and may be eligible for down payment assistance (depending upon home-buyer qualifications).
    Acrobat List of NSP properties

NSP1

  • Original Application- Final
    The City of Moreno Valley's completed application to received funds from the Department of Housing and Urban Development (HUD) for the implementation of the Neighborhood Stabilization Program 1 (NSP1 ).
  • Substantial Amendment #1- Final
    The City of Moreno Valley reallocated funds between eligible HUD-approved activities.
  • Substantial Amendment #2- Final
    The City of Moreno Valley is proposing to expand the NSP Program by incorporating eligible HUD activities into the current NSP1 Program.

NSP3

  • Original Application- Final
    The City of Moreno Valley's completed application to received funds from the Department of Housing and Urban Development (HUD) for the implementation of the Neighborhood Stabilization Program 3 (NSP3).
  • Substantial Amendment #1- Final
    The City of Moreno Valley amended its NSP-3 application to modify eligible HUD-approved activities and redefine the approved Target Areas.
  • Substantial Amendment #2- Final
    The City of Moreno Valley is proposing to modify two of the approved Target Areas and reallocate funds between HUD-approved activities.
  • Substantial Amendment #3- Final
    The City of Moreno Valley amended its NSP-3 application to redefine some existing Target Areas.

The federal grant requires cities to use at least 25% of the funds to assist households earning below 50% of the area median income. The balance of the NSP funds may be used to assist households earning up to 120% of area median income. For more information about area median income qualifications, please refer to the income limits chart:
Acrobat Income Limits Chart

Quarterly Reports

The NSP Quarterly Performance Report (QPR) provides an overview of the City's NSP program activity.  For detailed information, visit Quarterly Reports.

 

Foreclosure Prevention

The City has access to a number of resources available to help Moreno Valley residents address their risk of foreclosure.

Programs and Events

Housing Counselors
The City of Moreno Valley contracts with the Fair Housing Council of Riverside County to provide foreclosure prevention counseling services to Moreno Valley residents. Please contact Fair Housing’s Moreno Valley office at 800.655.1812 or go to www.fairhousing.net for more information.

Housing Rental Tenant Displacement Resources
Residents who are facing the loss of housing because of the foreclosure of the house they are renting are urged to verify the credentials of anyone insisting the property be vacated. For help, contact a HUD-approved tenant counseling agency such as the Fair Housing Council of Riverside County, Inc .or refer to the HUD website for a comprehensive listing of approved housing counselors.

Foreclosure Rescue Scams
Foreclosure “rescue” scams are widespread. You may be the victim of a crime if you have paid a company to "rescue" your property from foreclosure. See the County of Riverside District Attorney’s Office for information on Real Estate Fraud and Prevention. The District Attorney recommends that you file a complaint with Moreno Valley’s local law enforcement, with the Office of the Attorney General - Public Inquiry Unit, P.O. Box 944255, Sacramento, CA 94244, or online at www.ag.ca.gov/consumers. See attachment for State consumer alert for information regarding foreclosure scams.

Contacts

Fair Housing Council of Riverside County
800.655.1812
fhcrc@fairhousing.net
www.fairhousing.net

 

H.E.L.P.
(Homeownership Learning Education Program)
951.541.3422
http://www.freehomeownershiphelp.org

Springboard Nonprofit Consumer Counseling
1.800.431.8456
http://www.credit.org

Additional Foreclosure Prevention Resources

 

 

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Moreno Valley City Hall
14177 Frederick Street
PO Box 88005
Moreno Valley, CA 92552
Phone: 951.413.3000
Hours: Monday - Thursday; 7:30am - 5:30pm
Fridays: 7:30 a.m. to 4:30 p.m.
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