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