Neighborhood Stabilization Program
The Neighborhood Stabilization Program (NSP) will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
Carrollton-Carroll County has received $2.6 million from the Georgia Department of Community Affairs to acquire foreclosed residential real estate. After purchase and improvement, the properties will be sold to buyers who are eligible to participate in the Neighborhood Stabilization Program. For more information or to inquire about additional services, please contact Dana Edwards at 770-834-2046 ext. 101 or dana@carrolltonhousingauthority.com
Eligibility Requirements
The Neighborhood Stabilization Program will help workforce individuals and families realize the dream of homeownership. Buyers may receive contributions for down payment assistance, closing costs, a deferred second mortgage, as well as education on homeownership.
In order to be eligible, the buyers must:
1. Be a U.S. citizen, qualified alien or a non-immigrant
2. Be able to qualify for a mortgage.
3. Attend an 8-hour HUD class.
4. Home must be your primary residence.
5. Meet income qualifications. (See chart.)
|
Family Size |
Maximum Income |
1 |
$60,300 |
2 |
$68,950 |
3 |
$77,550 |
4 |
$86,150 |
5 |
$93,050 |
6 |
$99,950 |
7 |
$106,850 |
8 |
$113,750 |
Click here For more information about participating in the program
Click here for the Frequently Asked Questions
CLICK HERE FOR A LIST OF CURRENTLY ELIGIBLE HOUSES
