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J 07 Attachment B O5 1 ! ! a . INDIAN RIVER COUNTY � /i_ p FFY 2009 COMMUNITY DEVELOPMENT BLOCK GRANT 1 / NEIGHBORHOOD STABILIZATION PROGRAM (NSP) MOUSING ASSISTANCE PLAN REHABILITATION/REPLACEMENT/TEMPORARY RELOCATION GUIDELINES AND GENERAL INFORMATION FOR PARTICIPANTS Revised . . .. . .. . hily 5 , 2011 I. INTRODUCTION The national foreclosure crisis has drastically impacted Indian River County and the families living within the community , resulting in many vacant, abandoned and foreclosed properties . The vacant and abandoned properties in the community threaten both the stability of the local housing market and the viability of the neighborhoods within the community . These circumstances invite crime and discourage further investment in the community . To address the impacts of the national foreclosure problem, the federal government created the Neighborhood Stabilization Program (NSP ) , a Federally Funded Program in which funds are provided to local governments through the Florida Department of Community Affairs (DCA) to address foreclosed and abandoned properties in the areas of greatest need within their community . On the local level , Neighborhood Stabilization funds are to be utilized to provide affordable housing to very low income ( less than 50 % AMI) , low to moderate income ( 51 % - 80% AMI) , and moderate to middle income ( 81 %- 120) AMI) families . In Indian River County , NSP dollars will be utilized to purchase and rehabilitate foreclosed properties . These rehabilitated properties will be made available through purchase or rental to qualified families who make a maximum of 120 % of the area median income (AMI) . II . GENERAL, The purpose of the information provided herein is to establish guidelines by which the County will operate its Neighborhood Stabilization Program . These guidelines have been established to ensure compliance with the requirements established by the Florida Department of Community Affairs (DCA) and the Federal Department of Housing and Urban Development (HUD) for the Neighborhood Stabilization Program . The information contained herein is subject to change upon action of DCA , HUD , or the Indian River County Commission . Through this document, Indian River County confirms that it will not discriminate on the basis of RACE , CREED , COLOR, SEX , RELIGION, ETHNICITY, HANDICAP , AGE , NATIONAL ORIGIN , or FAMILY STATUS . Individuals residing in the County are also protected by the State ' s Fair Housing Act, Sections 760 . 20 , 760 . 22 , 760 . 23 , and any amendments thereto . 1