The County received Neighborhood Stabilization Program funds from the U.S. Department of Housing and Urban Development (HUD) in the amount of $11,014,692 between NSP 1 and NSP 3 to purchase and redevelop foreclosed and abandoned homes and residential properties. On February 12, 2013, the Board approved Resolution No. 2013R61 to grant the County Manager the authority to execute contracts for the purchase and sale of real estate properties, and other legal documents pertaining to the program. As part of that resolution, the County Manager shall submit a full report to the BCC of all NSP transaction documents executed under the authority delegated by this resolution on a monthly basis until completion and close out of the NSP Program. The attached NSP Snapshot Reports provide an overview of the NSP Program and expenditure for the months of February and March 2020.
The County receives HOME Investment Partnership Program (HOME) funds from the U.S. Department of Housing and Urban Development on an annual basis. These formula grant entitlement funds are provided to Seminole County for the purpose of creating affordable housing for low income persons. Activities funded through HOME are identified in the One Year Action Plan and are designed to meet priorities identified in our Five Year Consolidated Plan. On March 10, 2015, the Board approved Resolution No 2015R51 to grant the County Manager and the Community Services Director the authority to execute necessary for the implementation of activities pertaining to the program. As part of that resolution, and Seminole County Administrative Code Section 3.554(5), a full report on the expenditure of HOME funds will be submitted to the Board of County Commissioners on a monthly basis. The HOME Program Snapshot Reports provide an overview of the HOME Program and expenditures for the months of February and March 2020.
The month of February NSP expenditures includes $432.00 in administrative expenses. The month of March NSP expenditures includes $1,001.00 in administrative expenses.
HOME expenditures for the month of February includes $17,459 in expenses for Seminole Housing Authority/TBRA for management. February expenditures also includes $5,143.00 in planning and administrative expenses. There was also a recapture of $14,947.00 in Program Income from the sale of 384 Coral Beach, which previously received Purchase Assistance.
HOME expenditures for the month of March includes $15,406 in expenses from Seminole Housing Authority for TBRA management and $20,000 to Habitat for Humanity of Seminole County for the new construction of 1616 W. 3rd Street, Sanford, FL. March expenditures also includes $20,611.00 in planning and administrative expenses.