|NSP Target Areas
Hillsborough County - USF, Orient Park, a combination of Clair Mel/Palm River/Progress Village,
Town n’ Country and part of Plant City
City of Tampa - Sulphur Springs, USF, North Tampa, Old West Tampa, Terrace Park, Temple Crest,
Rivergrove, Woodland Terrace, NE Community, Lowery Park Central, Riverbend, NE MacFarlane
and Live Oaks Square.
1st Mtg: Must be eligible for an FHA, VA or Conventional Loan from an approved lending Institution.
(See HBA requirements below for minimum and maximum housing/debt ratios.)
2ndMtg: Deferred payment loan (DPL) funds are lent at a 0% interest rate and $0 monthly payment.
Loan terms vary between the City and the County for a maximum of 30 years.
City of Tampa- 1% of the purchase price and up to 2% if under the 25% minimum housing ratio (See
Hillsborough County - $500-50%AMI or below; $1,000 – 80%AMI or below and lesser of $2,000 or
2% of Purchase Price-120%AMI or below.