The Neighborhood Stabilization Program
The Gwinnett County Neighborhood Stabilization Program (NSP) was created to help slow the decline of neighborhoods where housing values and conditions are deteriorating due to the presence of foreclosed homes. 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 $12.5 million from the United States Department of Housing and Urban Development (HUD) and approximately $7 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.

As of March 2013 those grant funds have been used throughout the County to leverage approximately $15 million in program income for re-investment.

Click here for the NSP pre-application in you are interested in purchasing an NSP home.


NSP Financial Assistance

Eligible NSP homebuyers will have the opportunity to receive up to $22,500 in assistance through a soft second mortgage for the purchase of their new home.  This assistance can be used to help with the cost of purchasing a home and/or applied to the first mortgage to reduce the monthly payments.

The program currently offers the Soft-Second Mortgage in two options:

  1. $14,500 for five years with no interest and no payments, reduced annually at a 20% rate.
  2. $22,500 for ten years with no interest and no payments, reduced annually at a 10% rate.

If the homebuyer is unable to remain in the home for the time frame established then any remaining principal shall be paid back to the County.

All buyers must meet certain eligibility requirements for financial assistance. To see if you qualify, visit the Qualifications page.


How to Get Started
Contact a mortgage lender who provides FHA loans or a real estate agent, who will assist you in qualifying for a loan and selecting a home. If you or your agent has any questions, contact NSP at nsp@gwinnett.com or 678.518.6024.

Quarterly Performance Reports

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 these agencies have awarded NSP funds to the County.

HUD NSP 1 Quarterly Reports:

Quarter Ending June 30, 2013
Quarter Ending March 31, 2013
Quarter Ending December 31, 2012
Quarter Ending September 30, 2012

Georgia Department of Community Affairs NSP 1 Quarterly Reports:

Quarter Ending August 31, 2013
Quarter ending May 31, 2013
Quarter Ending February 28, 2013
Quarter Ending November 30, 2012

HUD NSP 3 Quarterly Reports:

Quarter Ending June 30, 2013
Quarter Ending March 31, 2013
Quarter Ending December 31, 2012
Quarter Ending September 30, 2012

Georgia Department of Community Affairs NSP 3 Quarterly Reports:

Quarter Ending August 31, 2013
Quarter ending May 31, 2013
Quarter Ending February 28, 2013
Quarter Ending November 30, 2012



Additional Links

Contact Us

Gwinnett County Neighborhood Stabilization Program
One Justice Square
446 West Crogan Street, Suite 275
Lawrenceville, GA 30046-2439
Phone: 678.518.6024
Fax: 678.518.6072
E-mail: nsp@gwinnettcounty.com