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NSP open house

posted Jul 11, 2011, 2:15 PM by Ryan Anderson

The Lake Worth NSP2 Consortium, led by the Lake Worth Community Redevelopment Agency, has been working together to revitalize and stabilize the target neighborhood just east of I-95 in Lake Worth.  

On Saturday, July 16 between 10 a.m. - 4 p.m.,  

Adopt- A-Family of the Palm Beaches, an NSP2 Consortium partner, will be hosting an Open House atHammon Park, 310 North Dixie Highway next to the new downtown Publix. Units 105,108 &109  will be open to the public for viewing.


You are invited to attend the open house to gather more information about these units and the Neighborhood Stabilization Program. Representatives from the CRA, Adopt-A- Family and Housing Partnership will be in attendance to answer your questions. Please R.S.V.P. to Emily Gorman at (561) 253-1361, ext. 125 or egorman@adoptafamilypbc.org.

Qualified applicants must meet the following criteria:

·        Must be legal residents of the United States

·        Good standing credit score of 580

·        Applicants must not have had a short sale or foreclosure in the past three years

·        All bankruptcies must be discharged for three years and there must be new credit established

·        Must not currently own any other residential property (in Florida or outside of Florida)

·        Must have sufficient income of $17,000 and higher depending on household size

 

 

The Lake Worth CRA, in conjunction with other consortium partners, prepared a grant application in July 2009 in pursuit of NSP2 funds for our target area. The total request amount was $23.2 million. On January 14, 2010, we received official word that our application was fully funded. While 482 applications were submitted, with requests totaling over $15 billion, only 56 rewards were given. These 56 applicants were able to leverage more than $500 million in public and private assets. The Lake Worth CRA was one of only seven organizations in the state of Florida to receive these funds.

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