Palm Coast Housing Programs
The City has received three different federal and state grants of approximately $5 million to help stabilize our neighborhoods. Please see below for a short description of each program and click on the program for more information.
Neighborhood Stabilization Program 1 – The City has been granted $2.6 million of federal funding to purchase and renovate targeted homes throughout the City (some exceptions) that have been foreclosed and are bank-owned. Applicants must meet income requirements, qualify for a tradition fixed-rate mortgage, and attend home buyer counseling. Qualified applicants are eligible for up to $30,000 in financial assistance to purchase a home. The application period for NSP1 is OPEN. Please note there is currently a waiting list for NSP1.
Neighborhood Stabilization Program 3 – The City has been granted $1.4 million of federal funding to purchase and renovate homes in a targeted area of the City (generally portions of R and P Sections) that have been foreclosed and are bank-owned. Applicants must meet income requirements, qualify for a tradition fixed-rate mortgage, and attend home buyer counseling. Qualified applicants are eligible for up to $30,000 in financial assistance to purchase a home and another $15,000 toward the cost of repairs. The application period for NSP3 is OPEN.
Housing Rehabilitation Program – The State of Florida awarded the City a $750,000 grant to renovate home owner occupied housing that are in need of repairs to bring the home back up to minimum standards. Applicants must meet income requirements and are eligible for up to $80,000 in financial assistance towards the cost of repairs. Cosmetic repairs are not eligible. The application period for the program is CLOSED.
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