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Neighborhood Stabilization Program
Summary
Flagler County has been identified for grant funding in the amount of $1,029,844 under the Neighborhood Stabilization Program 3 (NSP3) authorized by the Wall Street reform and Consumer Protection Act of 2010 (Dodd-Frank Act).  In order to secure this grant funding, the County must submit an Abbreviated Action Plan to the U.S. Department of Housing and Urban Development by June 2, 2011.

The County plans to use its funds in State Strategy 1 for the acquisition and rehabilitation of eligible foreclosed properties to rent to qualified households.  As per the State requirements, 25% of the funds ($257,461) will be set aside to purchase properties and rent them to households whose incomes are not more than 50% of the area median income (AMI).  It is estimated that this will address two (2) or more properties.  The remaining funds (except for Program Administration), $702,354 will be used to purchase properties and rent them to households whose incomes are between 51 and 120% of the AMI.  It is estimated that this would address five (5) or more properties.

Amendment 2
October 2, 2012 Affordable Housing Advisory Committee / Citizens Advisory Task Force agenda

Flagler County Housing Market Analysis

Notice of Public Comment Period - This is an addition to the Notice of Comment Period between October 3, - October 17, 2012. There will be discussion at the Board of County Commissioners meeting on October 15, 2012 to increase the amount spent on each home from $125,000 to $140,000.

Proposed modification to subgrant agreement and backup

Approved existing AGN - Map and planning data - Bunnell

Proposed additional AGN - Map and planning data - Bunnell West

Approved additional AGN - Map and planning data - Palm Coast

Updated Notice of Funding of No Significant Impact on the Environment and Notice of Public for Removal of Environmental Conditions U.S. Department of Housing and Urban Development (HUD)

Resolution 2012-87 and Interlocal Agreement with the City of Palm Coast

Second Updated Notice of Funding of No Significant Impact.

Steps for Developing an Unspecified Site Strategy for Housing Related Activities.


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