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NSP STRATEGY 5 : HOUSING ACQUISITION/REHABILITATION OF HONIES FOR LEASE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 120 PERCENT OF AMI. FUNDS FOR THIS NSP STRATEGY MUST INCLUDE ALL OF THE SUPPLEMENTAL FUNDING , BUT MAY ALSO INCLUDE THE REGULAR STATE ALLOCATION . Description : The purpose of this NSP strategy is to turn foreclosed or abandoned properties into decent, safe and affordable housing for low , moderate and middle income individuals and families . This form must reflect the 25 percent set- aside for rental housing for households at or below 50 percent of AMI as well as for rental housing funded from the regular allocation that meets the income requirement . Indicate which activities you plan to undertake with NSP and/or other funding : X 24 CFR 570 . 201 ( a) Acquisition _X_24 CFR 570 . 202 ( a) Rehabilitation 24 CFR 570 , 201 ( b ) Disposition 24 CFR 570 . 201 ( i ) Relocation Total NSP Budget for NSP Strategy : $_ 1 , 680 , 247_ Total NSP Budget for activities that will benefit persons at or below 50 percent of AML• S.."1 , 082 282 Other Funds to Be Committed for NSP Strategy : $ 0 NSP Target Area and Justification : Include as much detail as you can about the NSP target area( s ) and provide Justification of need ( estimated number of foreclosed homes , vacant homes , etc . ) . NSP Target Area ( city , As shown on the target area map , including Fellsmere Florida Ridge , Gifford , neighborhood , etc . ) Roseland , Sebastian , Vero Beach , Vero Beach South , Wabasso , West Vero Corridor, and Winter Beach _ Justification (estimated In developing the Target Areas for this strategy, the County utilized several sources number of foreclosures , of information , including HUD census tract data reflecting the estimated etc . ) : foreclosure/abandonment risk score in selected activity areas that attained a score of 8 or above . The County also utilized HUD data for NMDA high cost ( sub - prime ) loans and included all census tract areas that were over 17 . 0 % . Additionally , the County utilized information from Realty Trac that identities areas by zip code that a ► he County average of . 26 % . There is an have foreclosure rates greater than t g ha g I� abundance of homes available in the identified target areas that can be purchased and i W need a moderate amount of rehabilitation prior to resale . - I Potential Nonprofit or For- profit Subrecipients Every Dream Has a Price , Inc . , Coalition For Attainable Homes , hoc and others ( including property management companies ) : II Potential Lending Partners ( if known ) : None I I i