Foreclosure Program Moves Forward

Foreclosure Program Moves Forward

With hundreds of homes currently in foreclosure in Hernando County, it didn’t take much impetus for county commissioners to green-light a program designed to help alleviate the situation.

The board voted unanimously Tuesday to move forward with a Neighborhood Stabilization Program (NSP) that allows the county to access federal money that would help people, especially in areas of the county most affected, to move into foreclosed homes.

The NSP is part of the Housing and Economic Recovery Act of 2008, which allocated $541 million to Florida.

Of that, Hernando County is expected to receive $4.3 million.