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 Neighborhood Stabilization Program: Plan 1
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Lake County is receiving $3,136,967 in funding through U.S. Department of Housing and Urban Development (HUD), Community Development Block Grant Program, under the Housing and Economic Recovery Act of 2008 (HERA). Notified in late September 2008 that Lake County was eligible for these funds in what is called the Neighborhood Stabilization Program (NSP), the Lake County Community Services Department, with the assistance of Guardian CRM, Inc., wrote the Lake County NSP Plan. The plan was available for public comment from November 10 -24, 2008. It was then presented to the Lake County Board of County Commissioners on November 24, 2008 and approved. It was then submitted to HUD for their approval by the deadline of December 1, 2008. The Lake County Department of Community Services received notification that its plan was approved on January 19, 2009. That plan is available for reading or downloads below.

A review committee made up of members of the Community Services Department and the Lake County Affordable Housing Advisory Committee are currently reviewing proposals to choose a consultant that will manage the daily operation of the program. That review should be completed in the next few weeks. When the consultant is chosen, the Department of Community Services and the consultant will write a Request for Proposals to find organizations, such as Habitat for Humanity, that will then purchase the foreclosed homes, rehab them and then sell them as affordable housing. The funds received from the sale of those homes will then be used to purchase more foreclosed homes for rehab and resale.

If you have any questions concerning the QPR or NSP, please contact Stacey Smithwick at ssmithwick@lakecountyfl.gov / 352-742-6562.

Quarterly Performance Reports



2012-13 Quarterly Performance Report (1st Quarter)
2012-13 Quarterly Performance Report (2nd Quarter)


2011-12 Quarterly Performance Report (1st Quarter)
2011-12 Quarterly Performance Report (2nd Quarter)
2011-12 Quarterly Performance Report (3rd Quarter)
2011-12 Quarterly Performance Report (4th Quarter)


2010-11 Quarterly Performance Report (1st Quarter)
2010-11 Quarterly Performance Report (2nd Quarter)
2010-11 Quarterly Performance Report (3rd Quarter)
2010-11 Quarterly Performance Report (4th Quarter)


2009-10 Quarterly Performance Report (3rd Quarter)
2009-10 Quarterly Performance Report (4th Quarter)

Neighborhood Stabilization Program Plan
Revised Neighborhood Stabilization Program Plan

Facts about the Neighborhood Stabilization Program:

  • The new Neighborhood Stabilization Program (NSP) provides targeted 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.

  • HUD, following Congress’s direction, determined the allocations based on the number and percent of foreclosures, subprime mortgages and mortgage defaults and delinquencies.

  • HERA calls for the funds to be used to:
    • Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties, including such mechanisms as soft-seconds, loan loss reserves, and shared-equity loans for low- and moderate-income homebuyers;
    • Purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties;
    • Establish land banks for homes that have been foreclosed upon; and
    • Demolish blighted structures.
  • Grantees are permitted to spend up to 10 percent of the grant, plus program income, for administrative costs.

  • The funds must be used (obligated) no later than 18 months after receipt.

  • The grantee must use at least 25 percent of the NSP funds for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. All activities funded must benefit low- and moderate-income persons whose income does not exceed 120 percent of the area median income.

  • Homeowners that are assisted with NSP funds are required to undergo eight hours or pre-purchase counseling from a HUD-approved provider.

  • Green building techniques are encouraged.

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