Mayor Tomas
Regalado and Chairman Wifredo (Willy) Gort Present the Oliva Family with
a Home Awarded Under the Neighborhood Stabilization Program (NSP)
(Miami, FL (May 4, 2011)
- City of Miami Mayor Tomás
Regalado and Commissioner Wifredo “Willy” Gort, District 1, will join
George Mensah, Director of the Department of Community Development, and
the City of Miami’s Neighborhood Stabilization Program (NSP) on
Monday, May 9th, 2011, at 11
a.m., for the official
ceremony presenting Raul Oliva and family with the keys to their new
four-bedroom, three-bathroom, semi-detached (twin) home in Allapattah at
3235 N.W. 10 Avenue. The family is
being awarded the home under the
NSP Semi-Detached (Twin) Home Award Program Lottery, which was held
several months back and made possible with City of Miami Neighborhood
Stabilization program (NSP1) funds.
Raul Oliva, a truckdriver, his wife Catalina, their two adult children
and a grandchild will reside in the home which features approximately
1,500-square-feet and is valued at
$175,000. The home includes tiled common
areas, carpeted bedrooms, hurricane impact windows, and an open kitchen.
Built in 2008, the home had sat empty and was in foreclosure
until it was purchased with Neighborhood Stabilization Program (NSP1)
funds provided by the federal government to the City for use towards the
stabilization of neighborhoods via the purchase and redevelopment of
abandoned or foreclosed properties. Eligibility for the City’s one-time,
NSP Semi-Detached (Twin) Home Award Program lottery required that
applicants be U.S. residents, very low-income (50% AMI or below), not
own another property, and that they complete and mail in a brief
application by a deadline.
One winning application was drawn at random.
This lottery is made possible thanks to federal NSP1 funds. Administered
by the HUD, NSP1 funds were distributed to communities nationwide under
the Housing and Economic Recovery Act (HERA) of 2008, passed by U.S.
Congress to address the severe, nationwide housing foreclosure crisis
and assist those communities with the greatest needs based on the extent
of foreclosures, subprime mortgages, mortgage delinquencies and
defaults. The City of Miami received approximately $12 million under
NSP1. The NSP1 funds are currently helping to renovate approximately 115
formerly foreclosed units, while helping build 180 new construction
units, for rent or purchase by income-eligible persons and families
within City limits. NSP1 funds are also being used to demolish 224 units
in the City that had been deemed uninhabitable or unsafe.
WHO:
Mayor Tomás Regalado, Commissioner Wifredo “Willy” Gort, District
1, and the City’s Department of Community Development will join Raul
Oliva and family
WHAT:
Will present the Oliva family with the keys to their first home
in the Allapattah neighborhood of the City of Miami made possible by the
federal NSP program. The home had been in foreclosure prior to being
purchased under the City of Miami’s NSP Program.
WHEN:
Monday, May 9, at 11 a.m.
WHERE:
3235 N.W. 10 Avenue
Approved
azayon@miamigov.com