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REVISED NSP3 Abbreviated Action Plan <br />Indian River County — 2 11 117 2 12 <br />Page 10 <br />Activity Number 2 <br />Activity Name <br />Acquisition and Rehabilitation — Home Ownership <br />Area of Greatest Need <br />Street, east of 27t1443rd <br />is located south <br />Avenue north <br />of . e <br />P.. • <br />all that apply: <br />-. <br />4th <br />of 25th <br />1 for the results <br />Street <br />SW, <br />of <br />the <br />and <br />proposed <br />west <br />and Rehabilitation <br />of Old <br />Dixie Highway. Refer to Attachment <br />target area. <br />Budget <br />Source of Funding <br />Dollar Amount <br />NSP3 <br />$975,279.00 <br />(Other funding source) <br />$ <br />(Other funding source) <br />$ <br />Eligible <br />Total Budget for Activity <br />$975,279.00 <br />Performance Measures <br />Decreased <br />price <br />units <br />households <br />purchased, <br />NSP1 <br />number <br />of homes in <br />will be purchased, <br />(at or <br />rehabbed, <br />and NSP3 "program <br />of vacant homes in market and <br />Area of Greatest Need (AGN) Approximately <br />rehabbed and re -sold to <br />below 120% AMI). Additional housing <br />and re -sold to income qualified <br />income". <br />increased average sales <br />10 housing <br />income qualified <br />units may be <br />households utilizing <br />and rehabilitation of homes <br />abandoned or foreclosed upon, <br />and properties (HERA Section <br />under 24CFR570.201(a) (b), <br />property and direct homeownership <br />ble rehabilitation and preservation <br />Projected Start Date <br />6/1/2011 <br />Projected End Date <br />5/31/2014 <br />Name <br />Indian River County <br />Responsible <br />Location <br />1801 27th Street <br />Vero Beach, FL 32960 <br />Organization <br />Administrator Contact Info <br />Robert M. Keating <br />772-226-1253 <br />bkeating@ircgov.com <br />REVISED NSP3 Abbreviated Action Plan <br />Indian River County — 2 11 117 2 12 <br />Page 10 <br />Activity Number 2 <br />Activity Name <br />Acquisition and Rehabilitation — Home Ownership <br />(at or below 50%AMI) <br />Use <br />Select <br />all that apply: <br />n <br />Eligible Use A: Financing <br />Mechanisms <br />// <br />Eligible Use B: Acquisition <br />and Rehabilitation <br />❑ <br />Eligible Use C: Land Banking <br />Use D: Demolition <br />Eligible <br />❑ <br />Eligible Use E: Redevelopment <br />CDBG Activity or <br />Activities <br />Purchase <br />been <br />homes <br />Eligible <br />residential <br />Elig <br />properties. <br />and rehabilitation of homes <br />abandoned or foreclosed upon, <br />and properties (HERA Section <br />under 24CFR570.201(a) (b), <br />property and direct homeownership <br />ble rehabilitation and preservation <br />and residential properties that have <br />in order to sell such <br />2301(c)(3)(B)). <br />and (n): Acquisition and disposition of <br />assistance; and 24CFR570.202: <br />activities for homes and other residential <br />REVISED NSP3 Abbreviated Action Plan <br />Indian River County — 2 11 117 2 12 <br />Page 10 <br />