Osceola County NSP

Our development company, Nvision Development Management Services, LLC, is an approved developer with the Osceola County Human Services Department.  The program is administered through the Federal Department of Urban Development (HUD).   HUD has provided Community Development Block Grant funding (CDBG) funded the Florida Department of Community Affairs (FDCA), who in turn provides funding to Osceola County, who in turn provides funding for developers to purchase distressed properties in areas of greatest needs.  Sounds complicated, but we make the process easy!  Homes are renovated with a focus on energy efficiency and overall cost of home ownership, to become move in ready.   The houses are then sold to income qualified purchasers.  Down payment assistance is available from the County.   

What it provides for the purchaser:

  • down-payment assistance of up to 20% of the price of the house.  These funds do not have to be paid back! (restrictions apply)
  • Purchase of a home at distressed sale prices, without the hassle of negotiating with the bank on an REO, or waiting for a response on a short sale offer!
  • Competition of cash buyers is eliminated!  We have already competed with the cash buyers and won!  Are houses are sold first come first serve to a qualified buyer.  There is no waiting,  the offer becomes a contract immediately!
  • Bank sales are purchased as is.  We have done this, then upgraded the home at the Counties expense! 
  • A 1 year warranty is provided on the items that the developer repairs during the time of ownership.  This is much better than purely buying “AS-IS”.
  • The house is sold to the Buyer at the lesser of the appraised value of the house at the completion of the renovation or the total investment into the house by the County.  For most of these houses, the appraisal is much less than the cost to purchase and repair, and thus this is at a LOSS to the county.  

Sound to good to be true – yes… but this is our tax dollars at work.  To find out more information about this program, qualifications, available properties, and what you need to do to apply go to http://www.wesellnsp.com/

If you qualify, this is a once in a lifetime opportunity! 

 

About the Author

Ian McCook is President of the Nvision Group of Companies. He has over 20 years experience in the real estate and development industry, including exten¬sive international experience working with world-class developers on projects in Canada, China, and the US. Ian is the founder and managing partner of Nvision. Ian has overseen the completed development of over 1500 residential units, and over $500 million in completed operations. Prior to Nvision, as Director of Development for Intrawest Corporation, Ian had direct responsibility for the planning, financial performance, development and construction of various residential and commercial development projects, including Panorama Mountain Village and Sun Peaks Resort in BC, Sandestin Resort, FL, and the Village of Imagine in Orlando. Ian differentiated himself from others by developing a complete understanding of the entire development process, rather than the completion of the tasks at hand. He developed key incite to the development of the financial model to include an understanding of allocation of costs through a master-planned development; specific project proformas; and valuation of projects through the cash flow of completed operations. Prior to Intrawest, Ian worked for various multi-family developers, managing the construction of various projects in Canada and China. Ian is one of the first 50 people in the state of Florida to obtain the designation of a Green Building Professional (GBP) through the United States Home Builders Association. He graduated in 1993 with a Bachelor of Applied Science, Civil Engineering, specializing in Construction Management. He is a Florida licenced Realtor. Nvision Development Management Services, LLC. brings Clarity and Direction to every project we touch. An Orlando based real estate development company and development mananger. Our goal is to provide solutions to our clients to help projects succeed. We offer a variety of development management services from the initial feasibility and the creation of a project business plan through project wrap up. Specific offerings include strategic planning, product development, feasibility studies, business planning, permit management, consultant management, sales and marketing strategic planning, construction oversight, and turnover management.