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NSP STRATEGY 2 : HOUSING FINANCE <br /> Description : The purpose of this NSP strategy is to improve access to mortgage capital on flexible terms , maintain <br /> occupancy of foreclosed homes , facilitate property renovation , and help individuals and families access responsible <br /> credit and financing to promote homeownership by promoting long- term affordability . Indicate which activities <br /> you plan to undertake with NSP and / or other funding : <br /> 24 CFR 570 . 206 ( 8 ) Administrative expenses to facilitate housing <br /> X 24 CFR 570 . 201 ( 11 ) Homeownership Assistance <br /> Total NSP Budget for NSP strategy : $ _80 , 000 <br /> Other Funds to Be Committed for NSP Strategy : <br /> NSP Target Area and Justification : Include as much detail as you can about the NSP target area( s) and <br /> provide <br /> justification of need ( estimated number of foreclosed homes , vacant homes , etc . ) . <br /> NSP Target Area ( city , <br /> neiGifford ,etc . ) As shown on the target area map , including Fellsmere , Florida Ridge , , <br /> Roseland , Sebastian , Vero Beach , Vero Beach South , Wabasso , West Vero Corridor , <br /> and Winter Beach <br /> Justification ( estimated In developing the Target Areas for this strategy , the County utilized several sources of <br /> number of foreclosures , information , including HUD census tract data reflecting the estimated <br /> etc . ) : foreclosure/ abandonment risk score in selected activity areas that attained a score of 8 I <br /> or above . The County also utilized HUD data for HMDA high cost ( sub - prime ) loans <br /> and included all census tract areas that were over 17 . 0 % . Additionally , the County <br /> utilized information from Realty Trac that identifies areas by zip code that have <br /> foreclosure rates greater than the County average of . 26% . There is an abundance of <br /> � homes available in the identified target areas that can be purchased and will need a <br /> moderate amount of rehabilitation prior to resale . <br /> �II I <br /> I <br /> Potential Nonprofit or For- <br /> profit Subrecipients In <br /> River Habitat for Humanity and others . --------i <br /> ( including property �i <br /> management companies) : <br /> I � <br /> Potential Lending Partners <br /> ( if known ) : Harris Bank , Marine Bank & Trust Company , National City Mortgage , RBC , <br /> I <br /> Riverside National Bank, Seacoast National Bank , SunTrust Bank , Wells Fargo Homme <br /> Mortgage , Habitat for Humanity —� <br />