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IL NEIGHBORHOOD STABILIZATION PLAN NARRATIVE DESCRIPTION the Federal Reglication . The Application Instruct ister Notice dated October 6 , 2008 and the State ' s Substantial Applicants should review Amendment to the 2008 CDBG Action Plan before completing the Appions , Emergency Rule and NSP Policy Guide also provide relevant information on NSP strategies and related requirements . In the space below , provide an overall narrative description of your plan to utilize NSP funds to address abandoned and foreclosed properties in areas of greatest need . (Use additional pages if necessary . ) This description should correspond to Strategies 41 - 5 on pages 4- 14 . Once you complete the narrative description , provide the requested information on pages 4 - 14 for each NSP Strategy that you intend to carry out . This information should correspond to the budget information requested on the Attachment A for each NSP strategy and must be updated when changes are made . Indian River County utilized the three (3 ) criteria detailed below to establish target areas for the County ' s Neighborhood Stabilization Program . The target areas selected met at least two (2) of the three (3 ) criteria detailed below : 1 . The estimated foreclosure abandonment risk scores provided by HUD . Indian River County has elected to utilize a score of eight (8 ) or greater. This includes census tracts 50302 and 50804 , each of which had a score of 10 ; census tracts 50100 , 50301 , APP 50602 , 506031 50606 , 50701 , 508019 50803 , 50901 and 50902 , all of which had a score of 9e and census tracts 502001 50400 , 50605 , 50702 and 50703 , all sus tracts are shown in Map of which had a score of 8 . These cen41 , which is included as an attachment to this application . � 2 . The HIVIDA high cost loan rate (sub- prime mortgage areas ) provided by HUD . Indian River County has elected to utilize a score greater than seventeen percent ( 17 % ) . This includes census tract 50302 , which had a score of 43 . 1 % * census tract 50606 , which had a score of 40 .3 % 0 census tract 50901 , which had a score of 32 . 1 % ; census tract 50603 , which had a score of 31 . 6 % ; census tract 50803 , which had a score of 27 . 3 % ; census tract 50100 , which had a score of 27 . 20/0 ; census tract 50801 , which had a score of 27 . 0 % 1 census tract 50602 . which had a score of 24 . 8 % ; census tract 50701 , which had a score of 24 . 4 % o census tract 50200 , which had a score of 23 . 4 % ; census tract 50802 , which had a score of 22 . 1 % ; census tract 50703 , which had a score of 19 . 5 "/° ; census tracts 50400 and 50804 , each of which had a score of 18 . 6 % ; census tract 50702 , which had a score of 17 . 8 % ; and census tract 50902 , which had a score of 17 . 5 % . These census tracts are shown in Map #2 , which is included as an attachment to this application . I 3 . The geographic comparison from Realty Trac showing foreclosure rates in the County by Zip Code . Indian River County has elected to utilize a foreclosure rate higher than the county average of . 26 `o . The Zip Code areas that helped define the County ' s target areas are as follows : 32967 which had a " " % 32968 which had a foreclosure rate of . 45 % ; 32962 which had a foreclosure foreclosure rate of . 55 , rate of A2 % ; 32948 which had a foreclosure rate of . 37 % e and 32958 which had a foreclosure rate of 31 % . The Realty Trac information is included in Addendum # 1 to this application . The zip code areas described herein are shown on Map #3 , which is included as an attachment to this application . � 4 . Based upon the information presented above , Indian River County has included the municipalities and Census Designated Places of Fellsmere , Florida Ridge , Gifford , Roseland , Sebastian , Vero Beach , Vero Beach South , Wabasso , West Vero Corridor, and Winter Beach as target areas for the Neighborhood Stabilization Program . These target areas are shown on Map 44 , which is included as an attachment to this application . I J