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STRATEGY 41 HOUSING ACQUISITION/REHABILITATION OF HOMES FOR SALE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 120 PERCENT OF AMI : I Indian River County will use Strategy # 1 to address priority needs related to foreclosed and abandoned single family residential properties in the target area communities . In order to identify priority need target areas , the County utilized statistical data available through HUD and statistical data available from Realty Trac as detailed above . The County then evaluated the available census tract and zip code information and identified priority need target areas as those ranking at 8 or above on HUD ' s estimated foreclosure abandonment risk score and 17 . 0 % or above on HUD ' s HMDA high cost (subprime) loan assessment . The County also included zip codes that were above the County average of . 26 % for foreclosed properties from the Realty Trac information . The resulting target areas of greatest need are the neighborhoods of Fellsmere , Florida Ridge , Gifford , Roseland , Sebastian , Vero Beach , Vero Beach South , Wabasso , West Vero corridor, and Winter Beach . The County intends on purchasing , rehabilitating and selling eight (8) single family housing units as part of this activity . There is a significant amount of unmet need . With additional funds , the county could address twenty (20) additional single family housing units utilizing the same delivery strategy . NSP STRATEGY 42 : HOUSING FINANCE : Under this activity , the County will provide all eight ( 8) of the families acquiring homes under activity # 1 with closing cost assistance . As an unmet need , the County could provide the twenty ( 20) additional single family housing units identified as an unmet need in Activity # 1 with closing cost assistance . NSP STRATEGY 45 : HOUSING ACQUISITION/REHABILITATION OF HOMES FOR LEASE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 120 PERCENT OF AMI. For the acquisition , rehabilitation and rental portion of the County ' s overall strategy , the County will use the same methodology for selecting target areas as described for the acquisition , rehabilitation and purchase activity detailed above . The main difference will be that the selection of properties will be targeted toward both existing single family and multi- family units . For this strategy , the County anticipates purchasing, rehabilitating and leasing seven ( 7 ) units utilizing regular NSP funding and five ( S) additional units utilizing the NSPLI funding in this strategy . The NSP funded units are intended for occupancy by families making below 120 % AMI, while the NSPLI funded units will be leased to families whose total household income is at or below 50 % of AMI . By acquiring , rehabilitating and selling or renting previously foreclosed homes to the County ' s existing pool of eligible home buyers and renters , the County will reduce the number of blighted , vacant properties within the existing targeted neighborhoods .