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REVISED NSP3 Abbreviated Action Plan <br />Indian River County — 2 11 117 2 12 <br />Page 12 <br />be problematic for the County <br />housing in the target area. Therefore, <br />to create preferences for the <br />proposed <br />Through the program, the County <br />selling thirteen (13) single family <br />Of those thirteen (13) housing <br />incomes at or below 120% AMI, <br />below 50% AMI. While the County <br />units for NSP3, the county anticipates <br />twenty (20) and twenty four (24) <br />Because the County cannot predict <br />to be locked into a number that <br />than the 20-24. In addition to <br />with the base NSP3 allocation, <br />Program Income to acquire and <br />That should result in the County's <br />NSP3 Target Area Mapping software <br />impact. These numbers do not <br />target area that Indian River Habitat <br />rehabilitated and sold. <br />to <br />development <br />units, <br />the <br />the <br />pursue the <br />a rental <br />of <br />commits to <br />housing units <br />ten (10) <br />and three (3) <br />commits <br />acquisition <br />with the NSP3 <br />future market <br />is too high, the <br />housing units <br />County anticipates <br />rehab another <br />total number <br />s projected <br />take into account <br />for Humanity <br />development <br />housing <br />affordable <br />acquiring, <br />to <br />a will <br />will <br />to the <br />$1,500,428 <br />County <br />to <br />eight <br />of <br />number <br />the <br />of affordable <br />strategy <br />rental <br />rehabilitating, <br />income qualified <br />be sold to households <br />be sold to households <br />thirteen (13) <br />and rehabilitation <br />base <br />conditions and <br />is committing <br />be acquired and <br />using NSP1 <br />(8) to ten (10) <br />units being closer <br />of units <br />number of <br />has already acquired, <br />rental <br />with procedures <br />housing is not <br />and <br />households. <br />with <br />at or <br />total housing <br />of between <br />allocation. <br />does not want <br />to fewer <br />rehabbed <br />and NSP3 <br />housing units. <br />to the HUD <br />to make an <br />homes in the <br />Location Description <br />Area of Greatest Need is located south <br />Avenue, north of 25th Street SW, and <br />Attachment 1 for the results of the <br />west <br />proposed <br />of Oslo Road <br />of Old <br />target <br />(9th Street SW), east of 27th <br />Dixie Highway. Refer to <br />area. <br />Budget <br />Source of Funding <br />Dollar Amount <br />NSP3 <br />$375,107.00 <br />(Other funding source) <br />$ <br />(Other funding source) <br />$ <br />Total Budget <br />for Activity <br />$375,107.00 <br />Performance Measures <br />Decreased <br />of homes <br />purchased, <br />50% AMI) <br />income qualified <br />number of vacant homes <br />in Area of Greatest Need <br />rehabbed and re -sold <br />Additional housing units <br />households utilizing <br />in <br />(AGN). <br />to <br />may <br />income <br />"program <br />market and increased average sales price <br />Approximately 3 housing units will <br />qualified households (at or below <br />be purchased, rehabbed, and re -sold <br />income". <br />be <br />to <br />Projected Start Date <br />6/1/2011 <br />Projected End Date <br />5/31/2014 <br />Responsible <br />Organization <br />Name <br />Name <br />Location <br />Location <br />Administrator Contact Info <br />Administrator Contact Info <br />REVISED NSP3 Abbreviated Action Plan <br />Indian River County — 2 11 117 2 12 <br />Page 12 <br />