What is the Neighborhood Stabilization Program (NSP)?

Congress created the Neighborhood Stabilization Program to help cities, counties and states deal with community problems that are the result of the mortgage foreclosure crisis in the nation. HUD provides money to approximately 250 local governments (cities and counties) and all 50 states.

How much money was awarded to Brevard County?

Brevard County received $5.2 million in NSP-1 funds and $3.03 million in NSP-3 funds. The RFP process for NSP-3 funds is still under review and has not been approved for dissemination.

How are the NSP funds being used in Brevard County?

In Brevard County, the funds are being used to buy, rehab, and resell and/or rent foreclosed and abandoned homes to households at or below 120% of Area Median Income (AMI), with a priority to veterans. Areas include unincorporated Brevard County and within the city limits of Cocoa and Rockledge.

How can I find homes that are available for resale and/or rent?

Clink on the "Homes Available" tab and select either "Homes for Sale" or "Homes for Rent" from the drop-down menu.

Who is eligible to purchase/rent an NSP home?

Clink on the "Program Requirements" tab for more information on eligibility requirements.