Neighborhood Stabilization Program 1 (County)

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Neighborhood Stabilization Program 1

Target Area Maps

North Sarasota County
Bee Ridge Area
North Port Area

Homeownership Program

Sarasota County is partnering with Non Profit Developers to identify and repair abandoned and foreclosed properties in Sarasota County. The homes that are purchased through the NSP1 Program, when repaired, will be sold to homebuyers whose incomes are at or below 100% of the median income adjusted to household size. The program also provides financial assistance to help the homebuyer purchase the home through an enhanced down payment assistance.

Anyone interested in purchasing a home must contact one of the partners identified on this website.

Non Profit Developer List

Homeownership Program Guideline

Homebuyer-Lender Application Package-Forms

Rental Program

Non Profit Developers are acquiring and repairing foreclosed properties in the City of Sarasota and Sarasota County for rent to households whose income does not exceed 50% of median income adjusted to household size. The rental payment cannot exceed the Low HOME Rent Limit for the HOME Partnership Program as published by the United States Department of Housing and Urban Development less the cost of any tenant paid utilities as published by the Sarasota County Section 8 Housing Choice Voucher Program or

If the Eligible Family receives assistance from the Section 8 Housing Choice Voucher Program, the amount approved as reasonable by the housing authority administering the Section 8 Housing Choice Voucher.

If the property is rented through the Section 8 Housing Choice Voucher Program, the utility schedule of that housing authority may be used instead of the Sarasota County schedule.

Non Profit Developer List

Rental Program Guidelines