Laserfiche WebLink
(Ord_ No. 93-13, 4-6-93) <br />PART ll. INDIAN RIVER COUNTY NEIGHBORHOOD STABILIZATION PROGRAM <br />ACQUISITION, REHABILITATION, AND SALE PROCEDURES AND STANDARDS <br />Section 308.104. Title. <br />Section 308.112-. Purpose and intent. <br />Section 308.123- Establishment of procedures for county acquisition of foreclosed or abandoned <br />properties with NSP funds. <br />Section 308.134. Establishment of procedures for county rehabilitation of properties purchased <br />with NSP funds. <br />Section 308.145. Establishment of criteria for the sale of NSP properties that constitute an <br />alternative property disposition procedure to sections (1) and (2) of chapter 125.35, F.S. <br />Section 308.104. Title. <br />This Part of Chapter 308, the terms and the provisions contained herein, shall be known as <br />the Indian River County Neighborhood Stabilization Program Acquisition, Rehabilitation, and Sale <br />Procedures and Standards. <br />(Ord. No. 2012-006, § 2, 5-1-12) <br />Section 308.112. Purpose and intent. <br />Since 2009, Indian River County has participated in the Neighborhood Stabilization Program, <br />NSP, as created by the Housing and Economic Recovery Act of 2008, aa -el the American <br />Recovery and Reinvestment Act of 2009, and the Wall Street Reformed Consumer Protection Act <br />of 2010. The purpose of this chapter is to set forth procedures and standards whereby Indian <br />River County can acquire foreclosed or abandoned properties using Neighborhood Stabilization <br />Program (NSP) funds, rehabilitate those properties with NSP funds, and sell those properties to <br />qualifying low and moderate income households. As such, this chapter provides for: <br />(1) Establishment of competition and qualification standards for county acquisition, <br />rehabilitation and sale of foreclosed or abandoned properties in accordance with the <br />NSP; <br />(2) Provisions for notice to participants in the NSP; <br />(3) Establishment of a form and manner to acquire property; <br />(4) Establishment of negotiation or qualification standards that must be met in order for a <br />person to buy a property under the NSP; <br />(5) Establishment of a process to provide notice to potential qualified buyers for NSP <br />rehabilitated housing. <br />(Ord. No. 2012-006, § 2. 5-1-12) <br />11 <br />132 <br />