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Neighborhood Stabilization Program- Round 3

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P.O. BOX 2806 ZIP 32781
725 S. De Leon Avenue, Suite 113
Titusville, FL 32780
Phone: 321-567-3987
Fax: 321-383-5614
Hours: Monday-Friday 8:00 AM to 5:00 PM
The City of Titusville, Florida / Community Development / Neighborhood Services / Housing / Neighborhood Stabilization Program- Round 3

Neighborhood Stabilization Program - Round 3

On October 13, 2010, the Department of Housing and Urban Development (HUD) issued a Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants [Docket No. FR-5447-N-01].  This notice advised the public of the allocation formula and allocation amounts, the list of grantees, alternative requirements, and the waivers of regulations granted to grantees under Section 2301(b) of the Housing and Economic Recovery Act of 2008, as amended, and an additional allocation of funds provided under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 for additional assistance in accordance with the second undesignated paragraph under the heading "Community Planning and Development - Community Development Fund in Title XII of Division A of the American Recovery and Reinvestment Act of 2009, for the purpose of assisting in the redevelopment of abandoned and foreclosed homes.

This Notice represents the third round of Neighborhood Stabilization Program funding and is referred to as NSP3.  HERA provided the first round of formula funding (NSP1) to States and units of general local government; the City currently is receiving and managing $2,113,781 of NSP1 grant funds through the Department of Community Affairs.

The NSP3 program aims to integrate the following principles:

HUD is treating entitlement grantees' use of NSP3 grant to be a substantial amendment to its current approved Consolidated Plan and 2010 Action Plan.  The NSP3 grant is a special CDBG allocation to address the problem of abandoned and foreclosed homes.  Treating NSP3 as a substantial amendment will expedite the distribution of funds, while ensuring citizen participation on the specific use of the funds.   To receive NSP3 funding, the City must submit its substantial amendment to its Action Plan to HUD in accordance with the funding Notice by March 1, 2011.  HUD encourages each grantee to carry out its NSP3 activities in the context of a comprehensive plan for the community's vision of how it can make its neighborhoods not only more stable, but also more sustainable, inclusive, competitive, and integrated into the overall metropolitan fabric, including access to transit, affordable housing, employers, and services.

At its regular meeting on February 8, 2011, City Council provided advisability to pursue the NSP3 grant and authorized the submittal of the NSP3 grant application (substantial amendment) to HUD as presented.   A subsequent public hearing was held on April 26, 2011 on the proposed amended Plan to cancel one project (550 S. Brown) and increase funding to different project (NBC Rental Housing) as follows:

In accordance with the City's Citizen Participation Plan the City's NSP3 grant application (substantial amendment) is available for review at the City's Neighborhood Services Department located at 725 S. De Leon Avenue, Titusville, FL 32780

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The City of Titusville, Florida
P. O. Box 2806, (32781-2806) - 555 S. Washington Avenue - Titusville, FL 32796 - Phone: (321) 567-3775 - Fax: (321) 383-5704 - Site by Project A

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