Time is running out to participate in the City of Palm Coast’s Neighborhood Stabilization Program in which eligible homebuyers can receive federal grant funding to buy and rehab a foreclosed or distressed home.
The city will have an informational meeting about the Neighborhood Stabilization Program at 5:30 p.m. Wednesday, Oct. 23, at the Flagler County Administration Building, 1769 E. Moody Blvd, Bunnell. The meeting is open to the public, and no reservation is required to attend.
Recently, additional areas have been added to provide homeowners more options, said Palm Coast Economic Development Planner Beau Falgout, who runs the program in Palm Coast. The program has helped 29 homebuyers purchase a foreclosed home and put Realtors and contractors to work.
The federal grant program has been under way for two years, and is wrapping up in the next few months. This is the last opportunity for homebuyers to buy a home in the area using this special purchase assistance. Homes must be under contract by Dec. 15. Available funding will be distributed on a first-come, first-ready basis.
Application information is available on the City of Palm Coast’s website at www.home.palmcoastgov.com. Call 888-482-7393 with questions.