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03/11/2014 (2)
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03/11/2014 (2)
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11/5/2019 3:25:11 PM
Creation date
3/23/2016 8:45:52 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/11/2014
Meeting Body
Board of County Commissioners
Book and Page
214
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H:\Indian River\Network Files\SL00000D\S0003VB.tif
SmeadsoftID
13692
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Development Block Grant (CDBG) Neighborhood Stabilization Program (NSP) Housing <br /> Assistance Plan (HAP)and NSP Program Manual (as applicable). <br /> (2) Consistent with NSP guidelines, the county will acquire foreclosed or abandoned properties <br /> to rehabilitate and sell or rent to qualified low and moderate income households. All <br /> properties acquired through the NSP will be located in the designated NSP target area and <br /> will be acquired at no more than ninety-nine (99) percent of current appraised value. <br /> (3) To acquire properties, the county will work with qualified local real estate brokers, financial <br /> institutions, and federal housing agencies. For each potential purchase, the county will <br /> undertake all applicable pre-acquisition due diligence activities. This will involve obtaining <br /> surveys, appraisals, inspections, and title reports, as applicable. <br /> (4) In acquiring NSP properties, the community development director is hereby authorized to <br /> execute purchase contracts, due diligence contract work orders, and other applicable <br /> documents. On a regular basis, the community development director shall provide an NSP <br /> acquisition status report to the board of county commissioners. <br /> C rte No 2012-000, 2,- 1 121 <br /> Section 308.134. Establishment of procedures for county rehabilitation of <br /> properties purchased with NSP funds. <br /> (1) For each NSP property acquired by the county, an inspection of the property will be <br /> conducted to determine the specific rehabilitation work required. That inspection will be <br /> based on the county's NSP construction specifications document. Based on the inspection <br /> report prepared for the property, a scope of work will be developed, and bid documents will <br /> be prepared. <br /> (2) To procure contractors for NSP rehabilitation work, the county will comply with applicable <br /> NSP regulations and Indian River County Policies and Procedures for CDBG programs and <br /> projects. For each NSP rehabilitation project, the county will solicit bids from those firms on <br /> its list of pre-qualified contractors. A contract will then be awarded to the lowest, most <br /> responsive bidder. <br /> (3) The community development director is hereby authorized to execute rehabilitation contracts <br /> with NSP contractors. Those contractors will be responsible for obtaining all required permits <br /> and completing all items in the applicable scope of work within the timeframe established in <br /> the contract. Once the work is completed and inspected, releases of liens are provided, and <br /> invoices are submitted, the contractors will be paid. <br /> ((Jfd No. 2012-006 § 2 5-1-12) <br /> Section 308.145. Establishment of criteria for the sale of NSP properties that <br /> constitute an alternative property disposition procedure to sections (1) and (2) of <br /> chapter 125.35, F.S. <br /> (1) Pursuant to NSP requirements, the county will sell houses acquired with NSP funds to <br /> qualified low and moderate income households. In so doing, the county will comply with the <br /> resale property disposition criteria in the county's CDBG NSP HAP or NSP Program Manual <br /> (as applicable). <br /> (2) To be eligible to purchase an NSP house, a buyer must meet the qualification standards <br /> listed in the HAP. Specifically, a potential buyer must have an income in the low or moderate <br /> income category, have the minimum downpayment amount, and qualify with a financial <br /> institution for a principal mortgage in an amount adequate to purchase an NSP house with <br /> county/NSP gap financing assistance. For each prospective NSP buyer, the county will <br /> 12 <br /> 92 <br />
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