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Attachment B INDIAN RIVER COUNTY FFY 2009 COMMUNITY DEVELOPMENT BLOCK GRANT NEIGHBORHOOD STABILIZATION PROGRAM ( NSP) HOUSING ASSISTANCE PLAN REHABILITATION/REPLACEMENT/TEMPORARY RELOCATION GUIDELINES AND GENERAL INFORMATION FOR PARTICIPANTS I . INTRODUCTION The national foreclosure crisis has drastically impacted Indian River County and the families living within the community , resulting in many vacant, abandoned and foreclosed properties . The vacant and abandoned properties in the community threaten both the stability of the local housing market and the viability of the neighborhoods within the community . These circumstances invite crime and discourage further investment in the community . To address the impacts of the national foreclosure problem , the federal govermnent created the Neighborhood Stabilization Program (NSP) , a Federally Funded Program in which funds are provided to local governments through the Florida Department of Community Affairs ( DCA ) to address foreclosed and abandoned properties in the areas of greatest need within their community . On the local level , Neighborhood Stabilization funds are to be utilized to provide affordable housing to very low income ( less than 50 % AMI ) , low to moderate income ( 5 1 % - 80 % AMI ) , and moderate to middle income ( 81 % - 120 ) AMI ) families . In Indian River County , NSP dollars will be utilized to purchase and rehabilitate foreclosed properties . These rehabilitated properties will be made available through purchase or rental to qualified families who make a maximum of 120 % of the area median income ( AMI ) . IL GENERAL The purpose of the information provided herein is to establish guidelines by which the County will operate its Neighborhood Stabilization Program . These guidelines have been established to ensure compliance with the requirements established by the Florida Department of Community Affairs ( DCA) and the Federal Department of Housing and Urban Development ( HUD ) for the Neighborhood Stabilization Program , The information contained herein is subject to change upon action of DCA , HUD , or the Indian River County Commission . Through this document, Indian River County confirms that it will not discriminate on the basis of RACE , CREED , COLOR, SEX , RELIGION , ETHNICITY , HANDICAP , AGE , NATIONAL ORIGIN , or FAMILY STATUS . Individuals residing in the County are also protected by the State ' s Fair Housing Act , Sections 760 . 20 , 760 . 22 , 760 . 23 , and any amendments thereto . 1