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Neighborhood Stabilization Program

On July 30, 2008, the Housing and Economic Recovery Act of 2008 was signed into law to address the nation’s 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) to target funding to areas with the greatest needs based on the extent of foreclosures, subprime mortgages, and mortgage delinquencies and defaults. As part of the NSP allocations made to governments throughout the State of Florida, the City of Miami was awarded approximately $12.06 million. All grantees were required to file a Substantial Amendment to the Action Plan with HUD indicating how they planned to use their NSP funding to stabilize their community’s hardest hit neighborhoods, based on the guidelines established for the program. The City of Miami’s  approved Substantial Amendment to the Action Plan was updated on December 17, 2009.   To see the final Substantial Amendment filed by the City, please click here. 


All activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120% of area median income.  Please click
here, to see a breakdown of 120% area median income for the City of Miami, based on the household size.


The City of Miami’s approved implementation plan for the NSP program including allowable uses of NSP funds was updated on December 17, 2009.   To see the City’s final implementation plan for the NSP please click here.

 

For questions concerning the NSP Miami Program please call 305-416-2599. or email us at:

 

NSP Multi-Family - NSPmultifamily@miamigov.com

NSP Single Family - NSPsinglefamily@miamigov.com

 

UPDATE
NSP 3 RFP SCORES (PDF)


NSP Semi-Detached (Twin) Home Award Program Lottery

This 4-bedroom, 3-bathroom semi-detached (twin) home spans approximately 1,500 sq. ft. Features include tiled common areas, carpeted bedrooms, hurricane impact windows, and an open kitchen. Also included: central AC and a washer/dryer hook-up. Year Built: 2008.

 
Pictures of Property

Application  (PDF) English
Application  (PDF) Spanish


LOTTERY RESULTS (PDF)


NSP 1 Quarterly Reports

March 2010 - June 2010 Quarter 1 (PDF)
July 2010 - September 2010 Quarter 2 (PDF)

September 2009 - December 2009 Quarter 3 (PDF)

September 2010 - December 2010 Quarter 3 (PDF)
January 2010 - March 2010 Quarter 4 (PDF)

Year End Report (PDF)

 

 

 


NSP ADVISORY TASK FORCE AGENDA

PROPOSED MEETING SCHEDULE 2010

 

MONTH

DATE

January

01/28/2011

February

02/25/2011

March

03/25/2011

April

04/29/2011

May

05/27/2011

June 

06/24/2011

July

07/29/2011

August

08/26/2011

September

09/30/2011

October

10/28/2011

November TBA
December TBA

 

RSVP-Ann Kashmer at 305.416.2097

or email:  akashmer@miamigov.com

 

The Meeting will be held in the 2nd Floor Conference Room

 

NOTICE:  Please be advised that are regular Monthly Meetings are scheduled in our second floor conference.  However, for the month of January and February 2011 the meeting will take place on the 6th Floor Conference Room.

 

 
The meeting site is accessible to the handicapped. Requests for special accommodations may be directed to the Department of Community Development at 305-416-2080 no less than three (3) business days prior to the meeting dates.

Note: The above schedule lists proposed dates. As such, listed date(s) might change due to unforeseen circumstances. We encourage the public to call 305-416-2080 to verify the meeting date on any given month


Pre-RFP Developers Meeting Q & A

Single Family NSP Information

 

NSP Pre-RFP Developers meeting of April 16, 2009
Maximizing the impact of the NSP

S. Fla. Housing Market Current Conditions and Forecast

Building Stable Communities: A NSP Workshop

Questions and Answers from June 24, 2009 Workshop

 

Multi-Family NSP Information

 

NSP Pre-RFP Developers meeting of April 16, 2009

Maximizing the impact of the NSP

S. Fla. Housing Market Current Conditions and Forecast

Building Stable Communities: A NSP Workshop


What is the Maximum Rent Allowed Under NSP?

  Efficiency 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
2009 HOME RENTS
50% AMI  $  670  $  717  $      861  $      994  $  1,167  $  1,342  $  1,517
65% AMI  $  851  $  913  $  1,098  $  1,260  $  1,385  $  1,510  $  1,635

Fair Market Rent FMR 2010 by Unit Bedrooms

  Efficiency 1 BR 2 BR 3 BR 4 BR
2009 HOME RENTS
2010 FMR $878 $994 $1,206 $1,542 $1,803

 

 
Housing Resources
Application for NSP Homebuyers (Closed)
Participating Developers
Participating Lenders
Participating Homebuyer Counseling Agencies
Income Limits

City of Miami NSP Areas of Greatest Needs Map

NSP Flyer (01/11/2010)
 
NSP Information
NSP Downpayment Assistance Program
Under $10,000
NSP Downpayment Assistance Program
Over $10,000
NSP2 Application to HUD