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City of Pembroke Pines - Neighborhood Stabilization Program (NSP3)


Community Redevelopment Associates of Florida, Inc (CRA)
8569 Pines Boulevard Suite 201
Pembroke Pines Florida 33024

Program Overview

City of Pembroke Pines - Neighborhood Stabilization Program (NSP3) is a program that provides purchase and repair assistance for low to middle-income households for the purchase of foreclosed and vacant properties in Pembroke Pines to occupy as their primary residence. Maximum assistance for home purchase is up to $50,000. City of Pembroke Pines

Who is eligible for thisTest program?

All applicants must be pre-approved by a lender on the city’s registered lenders’ list before an application will be accepted. Applicant does not have to be a first time home buyer but cannot own any other residential real estate at the time of completing this application and prior to receiving any assistance from the City. Low Income with 50% AMI or Lower will receive up to $50,000. Moderate Income with 51% AMI to 80% AMI will receive up to $40,000 and Middle Income with 81% AMI to 120% AMI will receive up to $30,000.

Household Income Limit: $ 107850
Is thisTest program for first time buyers only? No

Property Eligibility Requirements

Property must be located in a designated NSP area in the City of Pembroke Pines.
The sales price cannot exceed $ 250,000.
Allowable property types: Single-family detached homes, condos, townhomes, and villas

Benefit Details

Benefit: Assistance is in the form of 0% interest deferred second loan that reverts to a grant if all program conditions are met.
Loan Term:0% years
Owner Occupancy Required:0

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