HUD’s new Neighborhood Stabilization Program will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008. For more information on the new NSP visit www.hud.gov/.
All applications for the 2009 – 2010 Public Service funding year must be received in the Neighborhood Development Office located at 5240 Babcock Street, N.E., Suite #212, Palm Bay, Florida 32905 by 5:00 p.m. Friday, February 6, 2009. We ask that your submission include one original, along with either a CD or fourteen (14) copies of your application for funding. If you should have any questions regarding this correspondence, or the attachments contained herein, please call Bill Pehaim or Glenn Morris at (321) 952-3429.
The City of Palm Bay anticipates receiving from the State $500,000 in special disaster funds to assist flood victims in Palm Bay whose homes were either damaged or destroyed during Tropical Storm Fay. More information
