2009-273B - Laserfiche WebLink

Home Browse Search

APPENDIX A SCOPE OF SERVICES OVERVIEW The Florida Department of Community Affairs awarded a $4,680, 825 Neighborhood Stabilization Program (NSP) Community Development Block Grant (CDBG) to Indian River County. Seventy-five percent (75%), or $3 , 598,543 , of the $4,680, 825 must be used to acquire and rehabilitate foreclosed homes for sale and rental to individuals and families with incomes that do not exceed one hundred and twenty percent ( 120%) of area median income and for grant administration. The remaining twenty-five percent (25%) of the county' s NSP funds ($ 1 ,082,282) must be used to provide rental housing for individuals and families whose incomes do not exceed fifty percent (50%) of area median income. NSP funds must be used to purchase and redevelop abandoned or foreclosed properties for re- sale to income eligible households; offering principal reduction assistance to low-to-moderate- income homebuyers; and for renting to income eligible households . PROJECT REQUIREMENTS Treasure Coast Homeless Services Council, Inc. is allocated $ 1 ,082,282 to acquire, rehabilitate, and accept the title to and manage the rental of a minimum of five (5) housing units to households not exceeding 50 percent of area median income. Treasure Coast Homeless Services Council, Inc . is also allocated $ 1 ,018 , 982 . 50 to acquire, rehabilitate, and rent a minimum of five (5) housing units to households not exceeding 120 percent of area median income . It is understood by all parties that Indian River County shall have the authority to determine if a specific property may be acquired as part of the NSP . In carrying out the project the county grant administrator will perform the following programmatic services ,• • For each property being acquired compile required information for a HUD site specific Environmental Review and submit that information to DCA. Track sites ecific Environmental Review through DCA until approval • Research the zoning and land use of each property proposed to be acquired by TCHSC, and ensure they are compatible with the intended use of the property; • After TCHSC completes the due diligence on each property, provide a recommendation to the County on whether or not to proceed with the purchase of each property with NSP funding, such recommendation shall be based on the findings and results of the due diligence; 31