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Neighborhood Stabilization Program (NSP)

The federally funded Neighborhood Stabilization Program (NSP) provides funds to Volusia County to acquire and redevelop abandoned and foreclosed properties that might otherwise become sources of abandonment and blight within targeted neighborhoods. Volusia County has received NSP1 funds authorized through the Housing and Economic Recovery Act (HERA) and NSB3 funds through the Dodd-Frank Wall Street Reform and Consumer Protection action of 2010. Volusia County's NSP program is administered through the Community Assistance Division, as approved by the U.S. Department of Housing and Urban Development.

Because of NSP grant limitations, Volusia County's NSP funds cannot be used in Daytona Beach, Deltona or Port Orange. At least 25 percent of the funds must be used to benefit individuals with incomes at or below 50 percent of the area median income.

The HUD-approved plans for using NSP funds in Volusia County may be accessed through the document links below:

NSP1 Approved Plan
NSP3 Approved Plan

Uses of NSP funds

NSP Home Purchase program: Volusia County is using NSP funds to acquire foreclosed and abandoned homes in targeted neighborhoods. These homes are rehabilitated by the county using approved contractors. After the rehabilitation is completed, the homes are listed for sale to approved first-time homebuyers who are income eligible and meet other program guidelines. The program provides a loan for purchase assistance and closing cost assistance to help make the purchase more affordable.

See the document links below for more detailed information addressing different target audiences: 

Homebuyer overview
Real estate agent overview
Affordable Housing Partner overview
Lender overview

Volusia County NSP Home Purchase Program documents

NSP assistance limits
NSP income limits
NSP listing brokers
NSP Affordable Housing Partners
NSP subordinate note and mortgage
NSP target areas and maps
List of available Volusia County NSP homes

Reporting progress
The Community Assistance Division is required to post its quarterly reports on its Web site so that the public will be able to follow its progress.

4th Quarter FY 2011 NSP1 report - 07/01/11 - 09/30/11 [PDF]
4th Quarter FY 2011 NSP3 report - 7/01/11 - 9/30/11 [PDF]
3rd Quarter FY 2011 NSP1 report - 04/01/11 - 06/30/11 [PDF]
3rd Quarter FY 2011 NSP3 report - 04/01/11 - 06/30/11 [PDF]
2nd Quarter FY 2011 NSP report - 01/01/11 - 03/31/11 [PDF]1st Quarter FY 2011 NSP report - 10/01/10 - 12/31/10 [PDF]
4th Quarter FY 2010 NSP report - 07/01/20 - 09/30/10 [PDF]
3rd Quarter FY 2010 NSP report - 04/01/10 - 06/30/10 [PDF]
2nd Quarter FY 2010 NSP report - 01/1/10 - 03/31/10 [PDF]
1st Quarter FY 2010 NSP report - 10/1/09 - 12/31/09 [PDF]
4th Quarter FY 2009 NSP report - 07/01/09 - 09/30/09 [PDF]
3rd Quarter FY 2009 NSP report - 04/01/09 - 06/30/09 [PDF]

Other NSP documents:
NSP Rehabilitation Standards

NSP contact person:
Diana Phillips, Manager
Housing and Grants Administration
110 W. Rich Ave., DeLand, FL 32720
386-736-5955
dphillips@co.volusia.fl.us

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