You have an established business in Phoenix and you need architectural services for a new building or rehab structure, but you can’t afford it.

What do you do?

If you’re aware that the architectural firm C&H Associates—informally known as Abraham James, Patrick Hallman and Weldon Alexander—just won (for the second year in a row, mind you) the Community Development Block Grant (CDBG) from the City of Phoenix (in conjunction with HUD), you just might qualify within the City of Phoenix, as one of a few firms to get their architectural services they need for free.

The last time C&H Associates were awarded the CDBG was in 2011, and they were able to help Jobot Coffee, the Firehouse Gallery, and the Canvas site (Pallet restaurant and the former Scratch restaurant) on Roosevelt Row.  They also worked on an auto body shop and an electrician’s office.

When Patrick, Walden, and Abraham were originally presented with the RFP and the opportunity to work with low to moderate-income clients within the city of phoenix, they knew it was perfect for them since they were basically already doing what was required to apply for the grant.

Wow, this is what we do. We have done this before, who better to do this than us. This is our clientele. ~ Abraham James

Despite eight other firms pursuing the CDBG Grant in 2011, C&H Associates were selected by the City of Phoenix as the only architectural firm in the program. Here we are in 2013, and the architects with a passion for bringing LEED certified architectural help to those who could not otherwise afford it—and a passion for urban farming, to boot—have again been selected by the City with the honor of passing on the rewards of the CDBG Grant to a few qualifying businesses.

This year, the guys expect to help [insert the number of] businesses with the funds they’ve been provided by the grant.

We are currently in discussions with a beauty salon, a bakery, a food preparation kitchen, and doctors office about their qualifications for CDBG funding and the potential of their projects. There are so many considerations which go into a project before starting. We are looking at every material from the ground up [with the objective] in mind to have beauty, energy savings and affordability. We like to believe that by outlining a framework of those components, we are even helping those who ultimately decide to not move forward with an actual project. ~ Patrick Hallman

The CDBG program is ideal for the kind of business that is moving forward but struggling with the 5% – 10% architectural fees of their project. By example only, a $200,000 project may have architectural fees in the $10,000 to $20,000 range.

How can you take advantage of the CDBG Grant and put these community-driven architects to work for you?

• Understand:  The program is not for non-profits or churches, but small businesses.
• Now contact C&H Associates (602) 265-0660 or Abraham James (abrahamj (at) cox (dot) net)
• Give them your zip code and they’ll see if you’re in a qualified ‘HUD Red Zone’.
• Understand:  There are opportunities if you’re not in a red zone, but you must prove you’ve hired people. The program is flexible and is sincerely looking for people who really need the help.
• C&H Associates will give you a CDBG application.
• Fill it out and they’ll submit it to the City of Phoenix Neighborhood Service department.
• If approved, C&H will develop your proposal for other consultants who will be involved in your project.
• Understand:  This program provides the architectural services only. Other services, such as engineering and construction must be paid by the client.
• Once a client’s approved, C&H reviews a host of design services to help assess needs and give you a clear vision of what those needs are. This includes an understanding of what you can afford and options to lower your energy bills.

If you want to buy or sell a home, instead, please give me a call at 602-456-9388 or email me at ken@getyourphx.com.

On March 6th, 2012 the Facebook page of the Evans Churchhill Neighborhood featured a photograph of Mayor Stanton cutting the tape for groundbreaking of the new Concord Eastridge in-fill project (located on the two immediate blocks south of Roosevelt, between  3^rd and 4^th street) and wrote, “It promises to be a rewarding addition to our neighborhood and the Roosevelt Row CDC area.”

What you’d expect here is a photo of the glorious $52 million dollar housing project. And though you can follow the link anytime you want, I hope you’ll take a minute or two to be reminded of the history of this plot of land. A big part of the reason Phoenix is accused (by residents and non, alike) of not having any history is because when something new starts to rise, there is scarcely a memorial of what’s gone before.

According to historical imagery from Google Earth (left), the real estate of this block has been empty and barren since at least 1992.  (Note monOrchid, top left of the photo, the location of our next Get Your PHX event).

As long as I, or anyone I’ve asked, can remember, this was what it always looked like. The foundations of buildings are all that remain.

In May 2010, playwright and screenwriter, Dan Frey, captured the essence of this very block when he described it in his contribution to the Phoenix art exhibit, ‘26 Blocks’:

“Mostly just space now. Space for Terry to fill shopping carts with recyclables until there’s enough to sell. Space for those kids to smoke and see anyone coming before they get in trouble. Space for an Asian-fusion-smelling breeze to cool you off. A space everyone looks through and walks around. Which makes it the perfect place to stop and look up.”

It also made it the perfect place to stop and look down, as ’26 Blocks’ photographer Chris Loomis showed us in this helicopter shot of the same location.

For two years, the crop circle has been there. Like a target, waiting for something new to set its sights on the future of that block.

March 16th, 2012, two years later,  the Phoenix New Times publishes an article and updates our collective memories with photographs of the work-in-progress: “Construction on Concord Eastridge’s Roosevelt Row Apartment Complex in Full Swing”.

 “$52 million dollar housing project…[to be] completed June 2013… two buildings, one seven stories, one eight stories…325 apartments will be located in each building, as well as 7,500 square-feet of retail and restaurant space on the ground level…500 square-foot studios to four-bedroom apartments…high-speed Internet, private gyms, and swimming pools”.

The New Times article also mentioned that Greg Esser (long time partner of Cindy Dach, who we wrote about in a post last week about Changing Hands) was in attendance at the groundbreaking. If it feels like this blog post is cross-referencing itself more than usual, do read the excellent Downtown Phoenix Journal post from this Feb., “Creating Downtown“, where you’ll see just how interconnected Greg Esser, Cindy Dach, Wayne Rainey (owner of monOrchid), are…and why.

Writer Susan Copeland has a paragraph in the article which she uses to make a great point. One worth clipping here:

Wayne Rainey, Kimber Lanning and Dach/Esser all bought buildings and created art spaces within six months of each other. The prices were low enough at the time to make the spaces affordable. Dach says that artists are natural problem solvers. “We looked at the closed up buildings and dark spaces and said, ‘Yeah, this sucks. How can we fix it?’”

Phoenix New Times says “[The Concord Eastridge Roosevelt Row Apartment Complex will] change the face of the Roosevelt Row arts district.”

It certainly will.

My hope is that it will also remind us of the crop circle target on the long empty lot, and that we should continue to work on Phoenix by setting our sights on the empty lots that remain.

Short sales sound worse than they are.

Two years ago they took a lot longer and confused many more people (agents and lenders, alike). Now the systems are in place to make these transactions close more smoothly.

Even more important, if you qualify for the HAFA Program, you could get up to $4,500 for short selling your home!

A short sale is where the seller owes the bank more than than the property is worth. The term “short sale” literally means that the property is being sold “short” of what the seller owes the bank. In a short sale transaction the bank must agree to accept less money than what the seller owes and agree to release all liens on the property so that the property can be sold.

If you’re thinking about short selling your home there are a few short steps to the process:

1. Find an Attorney to speak to about your short sale. This shouldn’t cost you a lot of money. You can usually get an initial consultation for about $250. You DON’T need to have an attorney negotiate with the bank for you. If you have a tax attorney or CPA, speak with him or her, too!

2. Get your Property Listed. Listing your property with a seller with short sale knowledge is key to a smooth transaction. This is where I come in.

3. Find a Buyer. You should know that the average “days on market” are much, much lower now than they were even six months ago. This really should not take us long.

4. Send a contract to your lender along with proper documentation. We’ll work with you to make sure all the paperwork is in order for quicker approval. This is the part of the process that takes the longest. But I can take much of the pain out of this.

5. Get Approval and Close Escrow. This part goes largely the way normal sales go –inspection, appraisal, close of escrow.

I see it more and more everyday. The housing inventory in Phoenix is shrinking and buyers are looking to make offers and get approved as quickly as possible. But for new or first time home buyers the steps to approval can be foreign and slow down the process, which is the last thing you want in this market.

But have no fear! Jeannie’s here!

It’s important as a home buyer to get pre-approval to expedite the process. In short: you want to have a pre-approval letter in hand before you even step foot in a potential home.

Now don’t get confused between pre-qualification and pre-approval.

A mortgage loan pre-qualification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you. This can be done over the phone in 10-15 minutes by providing information on your income, assets, debts, and a potential down payment amount.

A pre-approval takes more time, but can be just as easy. Getting pre-approved means that you have a tentative commitment from a specific lender for mortgage funding. You provide a home loan lender  with all that fun financial information you probably keep in a drawer in your house (tax returns, pay stubs, assets, debts, etc.) They will run a credit check and work to verify all your employment and financial information. Jeannie can take care of this with you in about an hour in her office.

In the house-buying process, the benefit of being pre-qualified or pre-approved is twofold. Not only do you have the added comfort of knowing what you can afford, the seller may also accept your offer over another if you are pre-approved and the other party is not.

So what are you waiting for?! Please call Jeannie Bolger, Sr. Loan Officer for more information.

Or call me for more information about the market: 602-456-9388.

We all know how important downtown growth is for our economy. As you can probably tell from this blog, I’m a big fan of Green Vendors and sustainable growth downtown (even if the term “green” has been around more than Kim Kardashian).

This image is from 2010 Green Build Conference. I just wanted to show off that I met Ed Begley Jr. Yep, I'm a total renewable energy dork.

Well, if your a pro-environment, sustainable vendor in the city of Phoenix, Green Team is pleased to present the Green Vendor Showcase of Opportunities on Feb. 9

This event is a chance for vendors to work with the city’s EPP Program as well as get one-on-one interaction with some of the city’s department big wigs and discuss new opportunities for the city to make greener choices. And better yet, there’s no cost to participate! But you have to work fast. Vendors need to register but January 31st, (as in tomorrow!) by the end of business hours at the office of Environmental Programs. You can Call 602-256-5669 to register and ask any questions.

Want to just stop by and see whats new in the world of sustainability? Well, you can check out the first annual “We Love Green Vendors” showcase on 2/9 from 9:30-11:30 am in the atrium of Phoenix City Hall, 200 W. Washington St.  The event is free!

Good News for home owners in distress!

And by “Good News” I don’t mean some shady scheme to short sell your house to an off-shore corporation in the Caymen Islands.

Fannie Mae is introducing an Unemployment Forbearance program which provides assistance to borrowers dealing with unemployment.

These loans will allow the borrower to receive a reduction or suspension of their monthly mortgage payment for a specific period of time and will prohibit services from foreclosing on your property.

A mortgage loan is eligible for an Unemployment Forbearance if all the following criteria are met:

• The property cannot be vacant, condemned, or abandoned.
• The mortgage loan cannot be an FHA, VA, or Rural Housing mortgage loan.
• The property must be a principal residence. Second homes and investment properties are not eligible.
• The borrower may be either delinquent or default is reasonably foreseeable.
• The borrower must have a financial hardship due to unemployment.

The Forbearance will be canceled if:

• Any of the eligibility criteria and terms stated above are no longer met.
• The borrower advises the servicer that he or she has become employed or is no longer actively seeking employment.

If you need more information contact Jeannie Bolger with Nova Home loans.

Many people recognize this upcoming Monday, as a day off from work. But really its a celebration of Martin Luther King Jr., a man who did great things for our country.

If you want to celebrate the right way, HandsOn can help. HandsOn Greater Phoenix is a great NonProfit in Downtown Phoenix that serves the community at large. Every month, HandsOn offers more than 60  diverse, high-impact, one-time community service projects. Martin Luther King Day is a large-scale special days of service for them.

This Monday at 2 p.m. you can head to Fair Trade Cafe & Gallery at Civic Space Park for Eat, Dream, Share. There will be music, poems, songs, laughter, ideas, food and to share personal expressions of how Martin Luther King Jr. impacted your life. And it’s like a pot luck. Participants are asked to bring a dessert to share. If you’re bringing the kids (who have the day off too!) There’s an  spoken word and musical performances by Queen of Queen’s Band Project, Miouo Nance the poet & The Positive Vibes from 6:30 PM-9:30 PM at the A.E. England Building Civic Space Park.

If you’d like to get a jump start on your weekend, HandsOn with also be hosting a 16+ Mural Revitalization this Saturday from 8-12 updating a 1998 mural on 16th Street.

Spots fill quickly, so contact them today and celebrate.

Market trends are upon us again! Try to contain your excitement.

Our Friend Cynthia Lujan from Old Republic Title was nice enough to send us new stats on the current market.

Between November and December supply was is once again on a downward trend for all price ranges. The strongest decline in supply is for homes under $100,000. Sales rates look better between$200,000 and $400,000 while above $400,000 demand is still a problem.  Demand from owner occupiers remains subdued due to strict underwriting standards for “jumbo” loans, but cash buyers including landlords and other investors are quickly snapping up a large part of whatever comes onto the market.

The supply from foreclosures continues to fall with more pending foreclosures getting resolved by short sales. Lenders are receiving fewer homes into REO inventory as a higher percentage of trustee sales result in a sale to a third party. Despite public perception to the contrary, price per sq. ft. has gone up  in the past year. (Do we hear that on the national news? Noooo!)

The strongest recent movement is for the price range below $100,000, where price per sq. ft. hit bottom in February and is now up nearly 7% over the last 12 months. With supply on a downward trend again we anticipate that the peak spring season will find most buyers frustrated by a lack of choice and fierce competition from other buyers.

So what does this mean for you? Buy now!

The inventory of houses between $100,000- 200,000 are down 46.6% and sales prices are now 6.9% higher than last year. Homes from 200,000-400,000 numbers aren’t as dramatic, with supply down 26% and prices up .3%. As all we all learned in our 10th Grade Economics class, as supply grows more limited, demand will drive prices up.

Need help finding a home? Call me today at 602-456-9388

As those of us with steak sauce stained shirts and full bellies already know, the fourth annual Arizona Restaurant week is in full swing. This year, over 200 restaurants are offering prix-fixe menus to hungry patrons looking for a deal.

All the restaurants are offering three course meals for $20, $30 or $40 person, excluding drinks, tax and tip. There are even some places offering two for $30.

Photo Courtesy of the Arizona Restaurant Week

As some of you may recall, when restaurant week started in 2008 there were less than 100 valley restaurants involved. But at $29 a meal, patrons rolled in by the hundreds. By 2009, the celebration had spread all the way to Tucson and this year they are state wide with four restaurants in Flagstaff.

Of course, you don’t have to pack up the whole family to enjoy a fantastic meal. Some of the finest dining restaurant week has to offer is from Phoenix food institutions.

Durant’s, which opened in 1955, is a swanky, old-school, red leather booth, seafood and steak house that serves a classic menu and great drinks. As jack Durant said himself “Good friends, Good Steaks, and the Best Booze, are the necessities of life,” If you agree, Durant’s is the place for you this restaurant week.

Pie at Stockyards - Picture Courtesy of AZCentral

If you’re a meat and potatoes kind of person, Stockyards is “Arizona’s Original Steak house.”   Stockyards started as a favorite meeting place for local cattlemen, bankers and politicians. If your looking for the taste of history, Stockyard joined the historical registrar in 2004 and will be helping Arizona celebrate its centennial this February. Or just skip the history and try one of their six restaurant week desserts.

Avanti, open in 1974, is classic Italian at its best. The romantic, zebra striped restaurant is still owned by the two original partners from Sorrento, Italy and is known for its impeccable food and unbelievable service.

If you’re looking to soak in Arizona in all its glory, you have to hit up El Chorro. Originally opened in 1937, El Chorro Lodge sits at the base of the Mummy Mountains offering classic Arizonan inspired cuisine. Many will agree with me when I say the best part of El Chorro’s restaurant week menu has to be their Gooey Caramel Cake which has been tempting patrons for years.

Courtesy of El Chorro Restaurant

Of course there are our favorites. Christopher’s and Crush is a new comer, with only three years on the block, but their hip atmosphere keeps patrons coming back for more. For you locavores, St Francis is offering fresh, rustic cuisine from local farms and even better kids eat FREE.  Ticoz Resto-Bar offers Latin-Arizonan Fusion cuisine, not to mention to die for tacos, for those of us looking to spice up our life.

Dining in Phoenix can be a wonderful adventure. With only 9 Days to work through the complete Restaurant Week menu, you can expect to see everyone out for a great meal at these Arizona standbys.

http://arizonarestaurantweek.com/participating-restaurants/

If you are putting off  purchasing a home because you are afraid that there might be changes at your job (layoffs, relocation, etc.), there might be an answer in Nova Home Loan’s Safe House Mortgage Protection Plan.

I work with a lot of different brokers. Others may have this, as well. But this is good to know.

Here are the features:

• If you lose your job, they will cover as much as 24 months of your mortgage (up to $1,800 per month). 12 months if you purchase the plan if when you are just refinancing a loan.
• You start the plan when you close on the house or complete the refinance.
• Cost = $770 on a purchase and $595 on a refinance. (You can pay this at close of escrow and maybe work it in to the closing costs that the seller pays!)

Eligibility:

• Ages 18-66
• Must reside in the US.
• Cannot be self-employed.
• Must be employed a minimum of 30hrs per week at time of close.

There are more details here. So, have a look. It might be something that could give you the piece of mind to move ahead and get a house in phoenix now, while you can still get the $8,000 tax credit!

Here is a news article about it.

Or, call Jeannie Bolger at Nova Home Loans at jeannieb@novahomeloans.com.