My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2011-175B
CBCC
>
Official Documents
>
2010's
>
2011
>
2011-175B
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/15/2016 9:45:45 AM
Creation date
10/1/2015 2:45:59 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
08/16/2011
Control Number
2011-175B
Agenda Item Number
12.A.3
Entity Name
Department of Housing and Urban Development
Subject
Neighborhood Stabillzation Single Family Purchase
Redevelopment and Sales Program Manual
Alternate Name
NSP3
Supplemental fields
SmeadsoftID
10094
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
� . 4OP-1 C <br /> f � <br /> Neighborhood Stabilization Program ( NSP3) Single - Family Purchase , <br /> Redevelopment and Sales Program Manual : <br /> Indian River County <br /> I . Purpose <br /> The purpose of this Manual is to govern the implementation of Indian River County' s <br /> Neighborhood Stabilization Program 3 ( NSP3 ) single -family acquisition , rehabilitation and home <br /> sales program . The Manual includes policies and procedures to be followed regarding property <br /> acquisitions, rehabilitation/construction, marketing, intake applications, counseling, sales, <br /> recapture - resale control mechanisms, and eligible uses of NSP3 funds . <br /> II . Definitions <br /> Applicant : A person or persons who have applied to Developer for approval of an NSP3 home <br /> purchase and Homeowner Financial Assistance . <br /> Grantee : Indian River County <br /> Developer : Indian River Habitat for Humanity . <br /> NSP3 : The 3 `d round of funding provided through the United States Department of Housing and <br /> Urban Development ( HUD ) Neighborhood Stabilization Program , established by the Wall Street <br /> Reform and Consumer Protection Act of 2010 to stabilize neighborhoods whose viability has <br /> been and continues to be damaged by the economic effects of properties that have been <br /> foreclosed upon and abandoned . For more information , see the NSP3 website : <br /> http :// hud . gov/offices/cpd /communitvdevelopment/ programs/ neighborhoodspg/ <br /> NSP3 Agreement : An agreement entered into by Grantee and Developer for the purpose of <br /> funding and carrying out NSP3 - eligible activities on one or more NSP34igible properties . <br /> NSP3 Buyer : The buyer of an NSP3 Home . <br /> NSP3 Property : A property that is acquired and rehabilitated , newly constructed or <br /> reconstructed pursuant to Developer' s agreement with Grantee . <br /> NSP3 Home : An NSP3 property that is being sold to an owner-occupant . <br /> NSP3 Program Budget : The budget attached to an NSP3 Agreement showing projected <br /> development costs and funding for Developer' s entire NSP3 program in the aggregate . <br /> Project Specific Budget : A budget showing projected development costs and funding for a <br /> single NSP3 Property . <br /> Project Funding : Any and all governmental and private funds, including Developer' s cash , used <br /> to pay for the costs to carry out the redevelopment of a single NSP3 - assisted property . <br /> 1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.