City of Homestead

This Consolidated Plan and Annual Action Plan outlines the City of Homestead's housing and community development strategies for the FY 2023-2027 period, funded by the Community Development Block Grant (CDBG) Program. The plan addresses housing market conditions, identifies affordable housing and community development needs, and sets objectives to enhance public facilities and infrastructure, increase access to public services, improve housing opportunities for low- and moderate-income populations, and foster economic development opportunities.

The NSP Substantial Amendment for the City of Homestead details the allocation and utilization of Neighborhood Stabilization Program (NSP) funds. It identifies ZIP codes 33030, 33033, and 33035 as priority areas due to high rates of foreclosures, high-cost loans, and abandonment risk. The plan focuses on three key activities: Low-to-Moderate Income (LMI) Rental Rehabilitation, Down Payment Assistance, and the Purchase and Rehabilitation of residential properties. The overarching goal is to stabilize distressed neighborhoods, increase access to affordable housing, and revitalize properties for income-eligible families.

This Annual Action Plan for FY 2022-2023 details the City of Homestead's use of Community Development Block Grant (CDBG) funds from HUD. The plan outlines strategies to enhance access to public facilities, improve public infrastructure, support vulnerable populations, and improve housing opportunities for low-to-moderate income populations. It identifies one-year activities and budgets to align with the five-year Consolidated Plan goals, emphasizing outcomes in Decent Housing, Suitable Living Environment, and Economic Opportunity.

This document serves as a performance report for the City of Homestead's Neighborhood Stabilization Program (NSP) grant, detailing the strategic allocation of funds for the period of July 1, 2017, through September 30, 2017. The core strategy involves identifying areas of greatest need, specifically ZIP codes 33030, 33033, and 33035, based on foreclosure rates and high-risk loans. Key initiatives include allocating funds for Low-to-Moderate Income (LMI) Rental Rehabilitation, Downpayment Assistance, and Purchase Rehabilitation, with a significant portion dedicated to addressing housing needs in specified ZIP codes. The report also addresses adjustments to funding distribution and implementation challenges encountered during the program.

This performance report details Homestead City, FL's strategic approach to utilizing Neighborhood Stabilization Program (NSP) funds for community redevelopment. The core strategy involves meticulously identifying areas of greatest need, specifically targeting ZIP codes with high foreclosure and abandonment rates. Key initiatives include allocating funds for Low-to-Moderate Income (LMI) Rental Rehabilitation, Downpayment Assistance, and Purchase Rehabilitation, alongside defining blighted structures, ensuring affordable rent, and mandating long-term housing affordability. The plan emphasizes adherence to housing rehabilitation standards and targeted support for low-income households, aiming to stabilize the local housing market and foster community revitalization.