About the Program
The Neighborhood Stabilization Program makes affordable housing available for purchase for eligible low-to moderate-income homebuyers. The County utilizes NSP funds to purchase vacant foreclosed homes throughout the County, make necessary repairs on the homes, and resell these properties to income eligible homebuyers. This program does not provide foreclosure prevention assistance.
In order to qualify for this program, applicants must meet the following criteria:
- Must earn below 120% of Area Median
- Must not own or will not own residential property at the time of closing
- Qualify for a 30-year fixed mortgage
- Complete an 8 hour HUD-approved homebuyer’s course