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Unspecified Site Strategy The Project Description Service area and or geographic area . The service areas for the Neighborhood Stabilization Program 3 ( NSP3 ) project is generally located south of Oslo Road ( 9th Street SW) , east of 27th Avenue , north of 25th Street SW , and west of Old Dixie Highway and Lateral J Canal ( See Exhibit 23 ) . Housing related activities. Activities 01 and 02 , Acquisition and Rehabilitation - Single Familv - These activities include the following : The purchase of ten ( 10 ) foreclosed single family housing units . The housing units acquired ; are to be rehabilitated and sold to households who have incomes less than 120 % of Area Median Income ; • The purchase of three ( 3 ) foreclosed single family housing units . The housing units are to be rehabilitated and sold to households whose total household income is at or below 50 % of Area Median Income . Unmet Need . Activities 01 and 02 , Acquisition and Rehabilitation - Single Familv - The purchase of eleven ( 11 ) additional foreclosed single family housing units . The housing units are to be rehabilitated and sold to households who have incomes less than 120% of Area Median Income (some of these housing units may be sold to households whose total household income is at or below 50% of Area Median Income) . Funding sources and projected dollar amount for the project period . The estimated NSP3 CDBG cost of the activities is budgeted at $ 975 , 279 . 00 in Acquisition and Rehabilitation - Single Family Homeownership at or below 120% AMI ; $ 375 , 107 . 00 in Acquisition and Rehabilitation - Single Family Homeownership at or below 50 % AMI ; and $ 150, 042 . 00 in Program Administration . A total of $ 1 , 500, 428 is the NSP3 CDBG grant amount . Number of years this strategy covers. 2011 through 2015 ( 5 years ) Page 2 of 10 }