The city is hosting a two -day workshop for the Neighborhood Stabilization Program. These workshops are designed to help educate interested home buyers about NSP. Lenders and developers will be there to help with eligibility requirements and to showcase homes that are available through the program.
Tuesday, March 30 the event is scheduled for 6:30-8 p.m. at St. Pius V Catholic Church at 2110 Blue Ave. On Wednesday, the March 31 event is also scheduled from 6:30-8 p.m. but it will be held at the Main Library at 303 N. Laura St. The event will be the same on both days so you do not have to attend both.
The Neighborhood Stabilization Program is a $26 million program utilizing Housing and Urban Development (HUD) money to buy foreclosed houses. Developers purchase the homes and renovate them to strict standards. The homes are then sold to qualified home buyers.
Homes are available in the 32206, 32208, 32209, 32244 and 32254 zip codes. Prospective buyers must make their NSP home their primary residence and complete a mandatory eight-hour credit counseling program.
Families and individuals with an adjusted family income of up to 120 percent of the area household median income are eligible to participate. A family of four can earn as much as $78,000 and qualify for an NSP home. Buyers can own for as little as $500 down and may qualify for purchase assistance.
There are currently over 70 homes in the rehabilitation phase, soon to be available for purchase. All homes are renovated to include Energy Star-rated appliances to lower electric bills. For more information about the Neighborhood Stabilization Program, go to http://www.nspjax.com/ or call 904-398-HOME (4663).
RADO will be there among many others. Come check it out!
