2/19/2016 3:48:38 PM
9/30/2015 5:51:46 PM
Agenda Item Number
Community Development Director to execute documents
Housing and Urban Development (HUD)
Neighborhood Stablization Program 3
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RESOLUTION NO . 2011 - 019 <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br /> RIVER COUNTY , FLORIDA , AUTHORIZING THE CHAIRMAN TO EXECUTE <br /> THE DOCUMENTS REQUIRED FOR THE COUNTY TO ENTER INTO A <br /> CONTRACT WITH THE U . S . DEPARTMENT OF HOUSING AND URBAN <br /> DEVELOPMENT FOR A FY 2010 NEIGHBORHOOD STABILIZATION <br /> PROGRAM 3 , COMMUNITY DEVELOPMENT BLOCK GRANT AND <br /> AUTHORIZING THE COMMUNITY DEVELOPMENT DIRECTOR TO EXECUTE <br /> ALL DOCUMENTS REQUIRED FOR THE ADMINISTRATION OF THE <br /> NEIGHBORHOOD STABILIZATION PROGRAM 3 COMMUNITY <br /> DEVELOPMENT BLOCK GRANT . <br /> WHEREAS , the federal government enacted the Wall Street Reform and Consumer Protection <br /> Act, Public Law 111 - 203 , which act appropriated $ 1 billion in Community Development Block <br /> Grant (CDBG) funds under the Neighborhood Stabilization Program 3 (NSP3 ) for local <br /> governments to purchase and redevelop abandoned. or foreclosed properties ; and <br /> WHEREAS , $ 1 , 500 , 428 from the $ 1 billion in NSP3 CDBG funds is earmarked by the Federal <br /> Department of Housing and Urban Development for Indian River County ; and <br /> WHEREAS , it is the desire of the Indian River County Board of County Commissioners <br /> to enter into a contract with the Federal Department of Housing and Urban Development for <br /> those earmarked Neighborhood Stabilization Program 3 Community Development Block Grant <br /> funds to benefit persons of low and moderate income ; and <br /> WHEREAS , acquisition and rehabilitation of foreclosed homes for rental to very low <br /> income households and for sale to low and moderate income households achieves the <br /> intent of the Neighborhood Stabilization Program ; and <br /> WHEREAS , the proposed NSP3 Community Development Block Grant (CDBG) Abbreviated <br /> Action Plan is consistent with the Indian River County Comprehensive 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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