Neighborhood Stabilization Program (NSP)

The City of Port St. Lucie has been allocated $13.5 million in funding under the Neighborhood Stabilization Program (NSP) The funding, according to HUD, can be used “to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight.” According to HUD, Port St. Lucie’s foreclosure rate is 11.5 percent compared to 8 percent statewide.

Get more information on HUD’s program and the requirements that local governments must follow in order to receive funding.

The city’s plan
The city held a workshop at a regularly scheduled Council meeting on November 17 to discuss its proposed plans for utilizing the funding. A Substantial Amendment to the 2008–2009 Community Development Block Grant (CDBG) Action Plan was submitted and unanimously approved. This plan demonstrates the city’s intention to utilize the funds for the acquisition, rehabilitation and resale of foreclosed homes (to income qualified buyers) in order to stabilize neighborhoods that might otherwise experience declining home values.

The original plan was submitted to HUD, revised per their instructions and approved on March 3, 2009. The city executed a grant agreement on March 5, 2009.  Copies of those documents are available in the Community Services office.

Plan Revisions
In order to expend the NSP funding in a timely manner and to best serve the City as a whole, Community Services recommended that the City revise its original substantial amendment and expand its targeted areas to include additional census tracts, amend its definition of “blighted,” and reallocated some of the funding. The Amendment was presented and approved by City Council Members at a Public Meeting on August 24, 2009. It was available for review from August 19, 2009 until September 4, 2009.  HUD approved of the revision on September 25, 2009.

View the city’s revised Substantial Amendment to the 2008-2009 Action Plan.

Implementing procedures
The Community Services Department is handling the administration of the NSP grant with the assistance of other staff members. For more information, contact:
Community Services Department
City of Port St. Lucie
(772) 871-5284

View the Management Plan approved by HUD to implement the NSP plan.

Real estate agents’ listings of foreclosed properties
The city is asking real estate agents to provide listings of foreclosed single family properties. The city will consider all homes that meet the following qualifications: Must already be foreclosed upon, unoccupied and listed for sale at or below $100,000. The properties also must be located in the City of Port St. Lucie’s targeted areas, which are shown on the attached map.

See for additional requirements for eligible properties.

The city is also providing a foreclosed properties checklist to assist realtors in submitting their listings.