We are identifying foreclosed homes that are currently vacant and blighting the neighborhood and which are suitable for rehabilitation as workforce housing. Additionally, we are targeting the acquisition/rehab of at risk multi-family structures to increase the amount of permanently affordable rental housing.

To further address the impact of bank foreclosures and to stabilize and position the Northwood area for resurgence we assembled a consortium of nonprofit and for-profit partners who submitted a $16.75 million funding application to HUD. If awarded, we plan to use NSP2 funds toward the construction of a catalyst mixed-use residential and retail anchor project in the heart of the Northwood Village business district that will spur future redevelopment and create jobs. Funds will also be used to reclaim the growing number of vacant and foreclosed properties that blight the neighborhoods. The rehabilitated homes will be offered for owner-occupancy and rental to the area’s low and moderate- income workforce.

The fellow members of our consortium are:

• Seawood Builders
• Consumer Credit Counseling Services of Palm Beach and Treasure Coast
• HBR Developers, LLC
• Housing Partnership, Inc.

For additional information regarding our application please refer to the following public notice and program plan:

PUBLIC NOTICE: Neighborhood Renaissance, Inc., Lead Applicant, NEIGHBORHOOD STABILIZATION PROGRAM 2 (NSP2)

Full Plan