Human Services Department

Housing Services - Neighborhood Stabilization Program (NSP)

The Board of County Commissioners recently approved the application for funds from the federal Neighborhood Stabilization Program (NSP). For Charlotte County, these funds will be available through the Florida Department of Community Affairs.

The purpose of the program is to create jobs and repopulate abandoned homes from the foreclosure crisis by developing affordable housing for homeownership or rentals. This will be done by purchasing foreclosed properties from banks, rehabilitating them, and then deeding them to a local non-profit for affordable homeownership or rental programs. In addition, the County will use funds from the Neighborhood Stabilization Program to demolish blighted and/or partially built structures and add properties to a land bank. This land will then be distributed to local non-profits for affordable housing development. Funds are not expected to begin flowing into the County until at least May or June, but preparations can begin now for those interested in pursuing pending opportunities.

How to take part in the Neighborhood Stabilization Program:

  • To Sell a Home: Banks, realtors representing foreclosed properties, and other owners of properties that have been completely foreclosed on can take advantage of this program by contacting Charlotte County Housing Services (941.505.4889) with information about their property. This property can then be considered for purchase through this program.
  • To Rehabilitate a Home: Contractors who would like to be able to bid on the rehabilitation work should contact the County’s Purchasing Department (941.743.1378) to ensure that their company is on the County’s bid list. Those on the list will receive bid notices when the County is ready to proceed with the rehabilitation of homes. More information is also available on the Purchasing Department’s web site (http://www.charlottecountyfl.com/Purchasing/howto.asp).
  • To Purchase a Home: Anyone wishing to take part in the homebuyer programs that will be available through this program should begin to consider options now. The first step is to contact the Housing Corporation of Charlotte County (941.255.9454) to begin to evaluate readiness and options for homeownership, including credit counseling. The Housing Corporation can assist in determining the best means of pursuing homeownership, including existing programs.

Charlotte County’s application for Neighborhood Stabilization Funds

There are three defined target areas in Charlotte County. One each in Punta Gorda, Port Charlotte, and Englewood. All three areas will be targeted with funds.