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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 |
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