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Neighborhood Stabilization Program (NSP)
The federally funded Neighborhood Stabilization Program (NSP) will assist state and local governments to acquire and redevelop abandoned and foreclosed properties that might otherwise become sources of abandonment and blight within their community. The program will also provide funds to increase the availability of affordable housing for households with incomes up to 120 percent of the area median income (AMI). The program is authorized under Title III of the Housing and Economic Recovery Act of 2008 (HERA). NSP funding amounts were determined by a formula established by HUD using criteria specified by HERA.
The County of Volusia has received an allocation of $5,222,831 for use in Volusia County, except for the cities of Daytona Beach, Deltona and Port Orange, which are not part of the county’s CDBG program. These funds will be utilized for such things as:
- Purchase and rehabilitation of abandoned and foreclosed homes to resell, rent or develop
- Homebuyer assistance, such as down payment, closing costs and other financing mechanisms to eligible homebuyers to purchase the homes
- Financing mechanisms to purchase and redevelop abandoned and foreclosed homes
- Demolition of blighted structures
- Redevelopment of sites
- Delivery and administrative costs
NSP SUBSTANTIAL AMENDMENT PLAN (HUD-APPROVED)
Volusia County’s plan for the NSP was approved by the Volusia County Council Nov. 13, 2008, and subsequently by the U.S. Department of Housing and Urban Development (HUD) Jan. 15, 2009. The county’s NSP will initially focus on four primary target areas identified as having a very high rate of foreclosed and abandoned homes. These target areas are portions of the cities and unincorporated county areas of DeLand, Edgewater, Holly Hill and Orange City. Click here for maps of each target area.
The county will select businesses and organizations over the next few months through formal bid processes and requests for proposals to serve in several partnership roles. Types of businesses that may be sought include home inspection contractors, real estate brokers, rental property developers and managers, and property managers. If you are interested in being notified as these bids become available, you should register through the County of Volusia purchasing and contracts division’s Vendor Registration Form process. You also can visit the purchasing and contracts division’s website to view bids and read instructions as they come out.
Additional information and links:
NSP Guidelines (revised May 11, 2009)
NSP Administration Resolution
NSP PowerPoint presentation
NSP Federal Register Notice (Oct. 6, 2008)
Purchasing and Contracts Division
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Notice of Funding Availability |
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Neighborhood Stabilization Program - Permanent Rental Housing This notice announces the availability of funds under the Neighborhood Stabilization Program (NSP) for activities to provide permanent rental housing for persons with very-low income and/or homeless persons. Funding in the approximate amount of $600,000 is available from the County of Volusia through funding provided by the U.S. Department of Housing and Urban Development (HUD) for the Neighborhood Stabilization Program. The Community Assistance Division is soliciting partner organizations to acquire, rehabilitate and provide long-term rental management of NSP rental housing as an NSP subrecipient. Agencies must be a non-profit organization and a member of the Volusia/Flagler County Coalition for the Homeless Continuum of Care and/or a locally certified Community Housing Development Organization (CHDO). The organization must provide documentation of capacity and history of property management serving very-low income and/or homeless households. Applications are available online or by calling Paula Szabo at (386) 736-5955 in DeLand, (386) 254-4648 in Daytona Beach, or (386) 423-3375 in New Smyrna Beach. Ask for extension 2308. |
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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