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I is k I GU <br />Attachment B <br />INDIAN RIVER COUNTY <br />FFY 2009 COMMUNITY DEVELOPMENT BLOCK GRANT <br />NEIGHBORHOOD STABILIZATION PROGRAM (NSP) <br />HOUSING ASSISTANCE PLAN <br />REHABILITATION/REPLACE MENT/TEMPORARY <br />RELOCATION GUIDELINES AND <br />GENERAL INFORMATION FOR PARTICIPANTS <br />Revised January 18, 2011 <br />I. INTRODUCTION <br />The national foreclosure crisis has drastically impacted Indian River County and the <br />families living within the community, resulting in many vacant, abandoned and <br />foreclosed properties. The vacant and abandoned properties in the community threaten <br />both the stability of the local housing market and the viability of the neighborhoods <br />within the community. These circumstances invite crime and discourage further <br />investment in the community. <br />To address the impacts of the national foreclosure problem, the federal government <br />created the Neighborhood Stabilization Program (NSP), a Federally Funded Program in <br />which funds are provided to local governments through the Florida Department of <br />Community Affairs (DCA) to address foreclosed and abandoned properties in the areas of <br />greatest need within their community. On the local level, Neighborhood Stabilization <br />funds are to be utilized to provide affordable housing to very low income (less than 50% <br />AMI), low to moderate income (51% -80% AMI), and moderate to middle income (81 %- <br />120) AMI) families. In Indian River County, NSP dollars will be utilized to purchase and <br />rehabilitate foreclosed properties. These rehabilitated properties will be made available <br />through purchase or rental to qualified families who make a maximum of 120% of the <br />area median income (AMI). <br />II. GENERAL <br />The purpose of the information provided herein is to establish guidelines by which the <br />County will operate its Neighborhood Stabilization Program. These guidelines have been <br />established to ensure compliance with the requirements established by the Florida <br />Department of Community Affairs (DCA) and the Federal Department of Housing and <br />Urban Development (HUD) for the Neighborhood Stabilization Program. The <br />information contained herein is subject to change upon action of DCA, HUD, or the <br />Indian River County Commission. <br />Through this document, Indian River County confirms that it will not discriminate on the <br />basis of RACE, CREED, COLOR, SEX, RELIGION, ETHNICITY, HANDICAP, AGE, <br />NATIONAL ORIGIN, or FAMILY STATUS. Individuals residing in the County are also <br />protected by the State's Fair Housing Act, Sections 760 20, 760 22, 760 23, and any <br />amendments thereto. <br />1 <br />