link to Pinellas County Community Development home page

Neighborhood Stabilization Program

Round 3
Pinellas Receives $4.6 Million for Neighborhood Stabilization Program


See the amazing transformation of a foreclosed property. View Video

The U.S. Department of Housing and Urban Development allocated additional funding authorized under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010. The funding is being provided through the third round of the Neighborhood Stabilization Program (NSP) and will be used to stabilize neighborhoods whose viability have been, and continue to be, damaged by the economic effects of properties that have been foreclosed upon and abandoned.

Pinellas County submitted a substantial amendment to the 2011-2015 Five Year Consolidated Plan and the 2010-2011 Annual Action, in order to access the $4,697,519 allocation of funds.

Substantial Amendment/Consolidated Plan & Action Plan

NSP3 Reports

NSP3 Quarterly Performance Reports: all files are in pdf format

Round 2
Pinellas receives $17.8 Million for Neighborhood Stabilization:

Pinellas County will receive $17.8 million from the U.S. Department of Housing and Urban Development for the Neighborhood Stabilization Program. The funding is part of a $50 million award to Florida Suncoast Partners, a consortium consisting of Neighborhood Lending Partners, Pasco County, and Pinellas County. The cities of Clearwater and Largo also partnered with the consortium to prepare the grant. Pinellas County’s share will be used in eligible neighborhoods throughout unincorporated Pinellas, Largo, Clearwater, Safety Harbor, Dunedin, Tarpon Springs and Oldsmar that represent a high number of foreclosures.

The money will be used to help halt the decline of property values in neighborhoods that have been heavily impacted by the foreclosure crisis. Single-family and multi-family properties in physical decline will be purchased and renovated. Once properties have been refurbished they will be sold or rented to income qualified households. We are very excited about this new opportunity,” said Cheryl Coller Reed, assistant director for the Pinellas County Community Development Department. “This program will greatly assist in our efforts to stabilize neighborhoods that have been adversely affected by significant foreclosure activity and assist in the creation and preservation of affordable housing.”

Help with down payment and closing costs will also be available under the new program.

NSP2 Reports
NSP2 Action Plan-Updated NSP2 Action Plan-Original	NSP2 Quarterly Performance Reports: all files are in pdf format
Application submitted by Florida Suncoast Housing Partners
NSP2 Amendment 06-03-15 NSP2 Amendment 05-07-15 NSP2 Amendment 03-08-15 NSP2 Amendment 01-30-15 NSP2 Amendment 08-26-14 NSP2 Amendment 08-22-14 NSP2 Amendment 08-12-14 NSP2 Amendment 04-22-14 NSP2 Amendment 12-11-13 NSP2 Amendment 09-18-13 NSP2 Amendment 09-03-13 NSP2 Amendment 07-24-13 NSP2 Amendment 06-26-13 NSP2 Amendment 04-29-13 NSP2 Amendment 04-04-13 NSP2 Amendment 03-13-13 NSP2 Amendment 11-29-12 NSP2 Amendment 09-09-12 NSP2 Amendment 07-10-12 NSP2 Amendment 06-30-12 NSP2 Amendment 06-26-12 NSP2 Amendment 06-18-12 NSP2 Amendment 05-04-12 NSP2 Amendment 04-09-12 NSP2 Amendment 03-16-12 NSP2 Amendment 04-26-11	QPR 10/01/16-12/31/16 QPR 07/01/16-09/30/16 QPR 04/01/16-06/30/16 QPR 01/01/16-03/31/16 ----------------------------- QPR 10/01/15-12/31/15 QPR 07/01/15-09/30/15 QPR 04/01/15-06/30/15 QPR 01/01/15-03/31/15 ----------------------------- QPR 10/01/14-12/31/14 QPR 07/01/14-09/30/14 QPR 04/01/14-06/30/14 QPR 01/01/14-03/31/14 ----------------------------- QPR 10/01/13-12/31/13 QPR 07/01/13-09/30/13 QPR 04/01/13-06/30/13 QPR 01/01/13-03/31/13 ----------------------------- QPR 10/01/12-12/31/12 QPR 07/01/12-09/30/12 QPR 04/01/12-06/30/12 QPR 01/01/12-03/31/12 ----------------------------- QPR 10/01/11-12/30/11 QPR 07/01/11-09/30/11 QPR 04/01/11-06/30/11 QPR 01/01/11-03/31/11 ----------------------------- QPR 10/01/10-12/31/10 QPR 07/01/10-09/30/10 QPR 04/01/10-06/30/10
For additional information contact Pinellas County Community Development at (727) 464-8210.

Pinellas County Neighborhood Stabilization Program:

The U.S. Department of Housing and Urban Development authorized funding for the Neighborhood Stabilization Program under Title III of the Housing and Economic Recovery Act of 2008. Funding will be used for emergency assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.

Pinellas County submitted an amended 2008-2009 Action Plan in order to receive $8,063,759 in funding. A Second Amendment was submitted to expand the program areas.

NSP1 Reports

NSP1 Quarterly Performance Reports: all files are in pdf format

Pinellas County Neighborhood Stabilization Program

The U.S. Housing and Urban Development recently announced funding authorized under Title III of the Housing and Economic Recovery Act of 2008. Funding will be provided through the Neighborhood Stabilization Program (NSP) and will provide emergency assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. Pinellas County expects to receive $8,063,759.