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Neighborhood Stabilization Program 3 Begins
Hernando County has been awarded approximately $1.95 million for the Neighborhood Stabilization Program 3 (NSP3) which may be utilized for down payment, mortgage buy down, minor rehabilitation and related assistance to income-qualified households and individuals.
The federally-funded NSP3 Program provides 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. NSP3 provides grants to every state and certain local communities, including Hernando County, to purchase foreclosed or abandoned homes. The funding is also used to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of housing values of neighboring homes. NSP3 is authorized under Title III of the Housing and Economic Recovery Act of 2008.
Applications may be picked up at Hernando County Health and Human Services, 20 North Main Street, Room #161, Brooksville, FL 34601 Monday through Friday, 8:00 a.m. to 5:00 p.m. Completed applications are to be submitted at the same location. To receive an application by mail, call (352)540-4338. Applications will be received until all funds are expended. Applications meeting all the criteria sited above will be considered.
| FY 2012 INCOME LIMITS SUMMARY HERNANDO COUNTY, FLORIDA |
|
Income
Limit Area |
Median
Income |
Income
Limit Category |
Household Size (Persons) |
| |
|
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
 |
|
|
|
|
|
|
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Hernando
County |
$55,700
|
Moderate & Middle
(120%)
Income Limits |
$47,400 |
$54,150 |
$60,900 |
$67,700 |
$73,100 |
$78,500 |
$83,900 |
$89,350 |
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