Neighborhood Stabilization Program

A second objective of the NSP is to provide affordable housing to eligible low, moderate, and middle income homebuyers. To address the foreclosure problem, the County will use NSP funds to purchase vacant foreclosed homes in targeted Census Tract Block Groups, make necessary repairs on the homes, and resell the houses to new homebuyers. Federal law prohibits the County from providing foreclosure prevention assistance from NSP funds.

The County has received approximately $10.5 million from the United States Department of Housing and Urban Development (HUD) and approximately $3 million of HUD NSP funds from the Georgia Department of Community Affairs (DCA) for this program. Gwinnett County's funding requests to these agencies may be viewed by clicking HUD Application or DCA Application.

All NSP homebuyers will receive up to $22,500 to assist in purchasing their new home, which may be used to help defray the cost of purchasing the home and/or applied to the first mortgage to reduce the monthly payments. This allows a purchaser to lower the monthly payments or purchase a more expensive home. Two programs are available:

A “soft second” mortgage of $14,500 for five years at zero percent interest rate and no payments with the principal being reduced 20 percent per year, or a “soft second” mortgage of $22,500 for 10 years at zero percent interest rate and no payments, with the principal being reduced 10 percent per year. 

In either case, if the house is no longer the homebuyer’s primary place of residence, any remaining principal shall be paid to the County.

Buyers must meet certain eligibility requirements. To see if you qualify, visit the Qualifications page.

DCA Proposed NSP 3 Application
Public Notice for DCA Funding
Public Hearing Notice - Proposed Amendment to Action Plan 2010
Proposed NSP 3 Amendment to Gwinnett County Action Plan 2010

The U.S. Department of Housing and Urban Development [HUD] requires that all communities receiving Neighborhood Stabilization Program [NSP] funds to post NSP Quarterly Performance Reports on their Web sites to provide citizens with access to this information. Gwinnett County's Quarterly Performance Reports are submitted to HUD and to the Georgia Department of Community Affairs, as both of theses agencies have awarded NSP funds to the County.

HUD NSP 1 Quarterly Reports:

Quarter Ending June 30, 2009
Quarter Ending September 30, 2009
Quarter Ending December 31, 2009
Quarter Ending March 31, 2010
Quarter Ending June 30, 2010
Quarter Ending September 30, 2010
Quarter Ending December 31, 2010
Quarter Ending March 31, 2011
Quarter Ending June 30, 2011
Quarter ending September 30, 2011
Quarter ending December 31, 2011

Georgia Department of Community Affairs NSP 1 Quarterly Reports:

Quarter Ending May 31, 2009
Quarter Ending August 31, 2009
Quarter Ending November 30, 2009
Quarter Ending February 28, 2010
Quarter Ending June 30, 2010
Quarter Ending September 30, 2010
Quarter Ending November 30, 2010
Quarter Ending February 28, 2011
Quarter Ending May 31, 2011
Quarter Ending August 31, 2011
Quarter Ending November 30, 2011

HUD NSP 3 Quarterly Reports

Quarter Ending June 30, 2011
Quarter Ending September 30, 2011
Quarter ending December 31, 2011

Georgia Department of Community Affairs NSP 3 Quarterly Reports:

Quarter Ending November 30, 2011

• Public Notice
• Proposed Amendment - NSP 1
• Proposed Amendment - NSP 3
• Citizen Review Comment Form