6/22/2016 10:48:24 AM
9/30/2015 5:47:26 PM
Agenda Item Number
Community Development Director
Make Application to Florida Department of Community Affairs- DCA
Neighborhood Stabilization Program- NSP
Community Development Block Grant- CDBG
Fiscal Year 2009
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RESOLUTION NO . 2009 - 018 <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br /> COUNTY, FLORIDA, AUTHORIZING THE COMMUNITY DEVELOPMENT DIRECTOR <br /> TO MAKE APPLICATION TO THE FLORIDA DEPARTMENT OF COMMUNITY <br /> AFFAIRS FOR A NEIGHBORHOOD STABILIZATION PROGRAM COMMUNITY <br /> DEVELOPMENT BLOCK GRANT FOR FEDERAL FISCAL YEAR 2009. <br /> WHEREAS, in 2008 the federal government enacted the Housing and Economic Recovery Act, <br /> Public Law 110-289, which act appropriated $3.92 billion in Community Development Block <br /> Grant (CDBG) funds under a new Neighborhood Stabilization Program (NSP) for local <br /> governments to purchase and redevelop abandoned or foreclosed properties ; and <br /> WHEREAS, $4,680,825 from the $3.92 billion in NSP CDBG funds is earmarked by the State <br /> of Florida for Indian River County; and <br /> WHEREAS, it is the desire of the Indian River County Board of County Commissioners to <br /> submit an application to the Florida Department of Community Affairs for those earmarked <br /> Neighborhood Stabilization Program Community Development Block Grant funds to benefit <br /> persons of low and moderate income; and <br /> WHEREAS, acquisition and rehabilitation of foreclosed homes for rental to very low income <br /> households and for sale to low and moderate income households achieves the intent of the <br /> Neighborhood Stabilization Program ; and <br /> WHEREAS, the proposed Neighborhood Stabilization Program Community Development <br /> Block Grant (CDBG) application is consistent with the Indian River County Comprehensive <br /> Plan ; <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY; that <br /> 1 <br />
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