Media Release

ALACHUA COUNTY, FL - The Alachua County Growth Management Department is pleased to announce that purchase offers are now being accepted for three recently renovated homes purchased by Alachua County through the Neighborhood Stabilization Program (NSP).

All properties are listed on-line at the Multiple Listing Service (MLS) website for the Gainesville Alachua County Association of Realtors (GACAR).

1. MLS# 343623 A four bedroom/two bath home located at 3119 NE 11th Terrace Gainesville, FL 32609. The sales price is $89,900. Built in 1965, this home features an entirely new kitchen with new Energy Star appliances, new washer and dryer, new tank-less water heater, new A/C unit, ceiling fans installed in three bedrooms, tile flooring throughout, freshly painted interior & exterior, new roof, brick fireplace and more. 1,523 sq. ft. View more information and photos.

2. MLS# 345080 A four bedroom/two bath home located at 282 NE 45th Terrace, Gainesville, FL 32641. The sales price is $81,000. Built in 2005, this home features new carpeting throughout, new cabinets and countertops in kitchen and bathroom, new washer and dryer, newly painted interior and exterior and includes a covered patio and a one car garage. 1,471 sq. ft. View more information and photos.

3. MLS# 346233 A three bedroom/one bath home located at 1520 NE 6th Avenue, Gainesville, FL 32641. The sales price is $62,000. Built in 2002, this home features new kitchen appliances, new kitchen cabinets and countertop, new washer and dryer, new A/C unit, new tile flooring, new carpeting in bedrooms and newly painted interior and exterior. 1,040 sq. ft. View more information and photos.

View photos of these homes, as well as the NSP Information Packet.

These homes are for sale at appraised value after repairs have been completed. They provide an opportunity for a low to moderate-income family to buy a home at an affordable price. The homes have been renovated to comply with the standards of the minimum housing code as well as to increase energy efficiency. Offers are now being accepted at the Housing Programs Office on the first floor of the Alachua County Department of Growth Management (10 SW 2nd Avenue, downtown Gainesville). Offers must be submitted by a State of Florida licensed Realtor using a NSP realtor packet. These homes will be sold on a first-come, first-qualified, first-served basis. The Board of County Commissioners makes the final decision as to which offers to accept.

Alachua County was awarded NSP funding by the State of Florida Department of Economic Opportunity to stabilize neighborhoods impacted by high rates of foreclosure or abandonment. Foreclosed homes have been acquired and rehabilitated within designated areas of the community. Since 2010, through the Neighborhood Stabilization Program, Alachua County has acquired thirty-three homes, twenty-five of which have been rehabilitated and sold. The remaining eight homes include five currently under renovation and the three homes for sale. Homebuyers must meet NSP income requirements. For example, a family of four earning a total household income of $69,960 or less would qualify to buy an NSP home. Buyers are required to complete an approved homebuyer’s education course and cannot currently own a home at the time of an NSP purchase. Other program requirements must be met, such as approval by an institutional lender for primary financing to buy the home. Secondary financing is also available through NSP to ensure affordability. Alachua County requires that all offers be submitted by a licensed Realtor to ensure the buyer’s interest is fully represented in the transaction. Buyer’s Realtor will be paid a 3.5% commission from the proceeds of the sale.

Realtors interested in showing NSP homes or obtaining an offer package, refer to GACAR or contact Ralston Reodica, Alachua County Housing Programs Coordinator at 352-337-6283. For more information contact Ralston Reodica.