Housing

On July 30, 2008, President Bush signed into law the Housing and Economic Recovery Act of 2008 to address the severe housing crisis. Title III of the Act appropriates $3.92 billion of grant funds under the Neighborhood Stabilization Program (NSP) for states and local governments to purchase and redevelop abandoned or foreclosed properties. The Housing and Economic Recovery Act of 2008 directed the United States Department of Housing and Urban Development (HUD) and the Florida Department of Community Affairs (DCA) to target funding to areas with the greatest needs based on the extent of foreclosures, subprime mortgages, and mortgage delinquencies and defaults.

NSP grantees develop their own programs and funding priorities. However, NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income.

Additional attachments including eligibility income criteria for applicants and the County’s proposed plan are included for your information.

For more information, contact Danicka Ransom or Jamie Rowland, Osceola County Human Services, at 407-742-8400.

• Applications and Other Information

• This collection of documents contains the Neighborhood Stabilization Program Application and the Housing Assistance Plan for Osceola County. Click the link above for more.

• Income Qualifications

• To qualify for the SHIP Housing Programs, your income must fall within the stated guidelines based on your family size. Click the link above to view a matrix of the stated guidelines.

• Notices/Meetings

• Below are notices and/or advertisements on upcoming events, public hearings and meetings concerning the Florida Neighborhood Stabilization Program (NSP).

  For more information on this program, please contact Jamie Rowland, Osceola County Senior Housing Specialist,

• Related Request for Proposals (RFPs)

• Please contact the Procurement Office via the above link to find out more information on Neighborhood Stabilization Program related RFPs.