Orlando secures $6.7 million for neighborhood stabilization program

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Orlando’s Mayor Buddy Dyer  has secured 6.7 million from the  Department of Housing and Urban Development to implement a Neighborhood Stabilization Program (NSP).  The program, which is part of the Strengthen Orlando Plan, will help address the effects of foreclosures by forming public/private partnerships to purchase, rehabilitate, sell           or rent homes.  In addition, this program will assist qualified buyers with down payment assistance and financial    counseling.

The City is hosting an informational meeting to provide an overview of the NSP activities and timeline and the Request for   Proposal (RFP) process.  The RFP is scheduled to be issued on April 27, 2009 and funding will be allocated in July.

“Our NSP has been designed to engage a strong set of community partners to address foreclosures” said Orlando Mayor  Buddy Dyer.   “I encourage all our community partners to attend our NSP information meeting and learn how they can help  strengthen our community.“

Individuals, companies or organizations that purchase, rehabilitate and sell/rent property; including but not limited to  contractors, developers and non-profit organizations.

The meeting will take place on Thursday, April 16 from 5.30 pm to 7:00 pm at the  Jones High School Auditorium, 801 Rio Grande Avenue, Orlando, Florida 32805.

For more information, please contact the following:

Heather Allebaugh 407.246.3423
Carson Chandler 407.246.2822

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