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Lake County family benefits from federal Neighborhood Stabilization Program

RELEASE DATE: October 29, 2010

EUSTIS — The Lake County Department of Economic Growth & Community Services and its partner Habitat for Humanity of Lake and Sumter Counties is pleased to announce that another Lake County family to receive funding through the Neighborhood Stabilization Program (NSP) is moved into their new home on Pine Lane in Eustis.

“We’re excited that the program has been so successful,” said Dottie Keedy, Director of NSP Home - Pine Lanethe Lake County Department of Economic Growth & Community Services. “We look forward to more families being able receive homes through the program.”

The NSP was created by the Housing and Economic Recovery Act of 2008 to respond to rising residential foreclosures and property abandonment. The main purpose of the NSP is to stabilize neighborhoods negatively impacted by foreclosures.

Lake County received $3.1 million to acquire, renovate and sell foreclosed homes at affordable prices to eligible families. To have the most impact on neighborhoods hardest hit by foreclosures, the targeted areas were selected by zip codes to participate in NSP: 34711-Clermont, 32748-34788 Leesburg and 32726-32736 Eustis.

Lake County partners for the NSP include City of Leesburg Housing & Economic Development (352) 728-9798, Habitat for Humanity of Lake-Sumter (352) 483-0434 and Homes in Partnership (407) 886-2451.

Eligibility requirements for buyers to purchase a home under NSP include:

  • Cannot currently own a home
  • Must be able to obtain mortgage financing
  • Have a minimum credit score
  • Complete a homebuyer’s education class and obtain certificate
  • Meet income guidelines

For more information about the NSP in Lake County, call Cheryl Howell, Housing Director, at (352) 742-6540, or log on to www.lakecountyfl.gov keyword: NSP.

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Lake County media contact:
Kelly Lafollette
Information Outreach Director
Office: 352-343-9603; Cell: 352-455-0445
klafollette@lakecountyfl.gov

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