I attended the Citizen's Advisory Committee meeting on October 24. This committee is made up of people of Hillsborough county who are appointed to this organization by each county commissioner. Each one of these commissioners chooses 2 individuals to serve on the committee.
In the meeting, the contract unit manager The Affordable Housing Office of Hillsborough County Valmarie Turner spoke a new program that would be coming to Hillsborough County. The program is called The Neighborhood Stabilization Program.
This program came about under the Housing and Economic Recovery Act, which was signed by the president. Under this program, Hillsborough County is to receive over 19 million dollars to help with the failing housing business. This money would help with the foreclosures and abandoned property.
I really think that this program would be helpful because as you drive up and down the street, you see so many foreclosed or abandoned homes because people can't afford to pay. I personally know of people who have abandoned their homes because they couldn't afford the basic upkeep.
It's sad to see this kind of situation occur, but I really feel that this program will only help our communities.
Turner had a map that illustrated the current home foreclosure rate in Hillsborough County from the beginning of this year until up until September 30. This map included that there were more than 15,000 foreclosures filed in Hillsborough County.
Turner also informed that the nonprofit organizations involved in this program would have the title to the particular property that is foreclosed.
This program would help people who don't have as much income. The program would buy the foreclose and/or abandoned homes and turn around and help people get in those homes who couldn’t get it on their own. Turner advised that this program would provide "down payment assistance to them as well".
Turner also emphasized the fact that this program wasn't created to make money; it was created just to make the Hillsborough county area better.
One of the members asked Turner if the program would help someone that was in foreclosure but wanted to keep their home. Turner advised that this program wouldn't help that person.
But she did add that she does wish to have a program in force with that that kind of purpose.
When I attended this meeting, the plan had to be discussed at the Board of County Commissioners on November 6...this meeting is where the plan would get final approval to go forward.