-
Community Development Division - Neighborhood Stabilization Program (NSP)
|
| |
|
What is the NSP? |
The Neighborhood Stabilization Program (NSP) is a federally funded program that is utilized in partnership with the Housing Authority of Stanislaus County to acquire eligible foreclosed residential units. These units will be acquired in specific unincorporated areas of Stanislaus County for first time home buyers and rent-to-own program participants. These units can be purchased by first time home buyers upon qualification of Stanislaus County’s Down Payment Assistance (DPA) (provided with other federal and local funding sources).
NSP - DPA Program Guidelines - [View] English - [View] Spanish
FOR SPECIFIC INFORMATION REGARDING HOUSING SELECTION / UNITS
Please contact the Housing Authority of Stanislaus County
www.stancoha.org
1.209.557-2008
1.209.557-2012 for the Hearing Impaired
1701 Robertson Road
Modesto, CA 95351
|
What are the Areas Eligible for NSP Funding? |
[View] Eligible Area Maps
|
What are the Income Limits and Guidelines? |
Household income must not exceed the amounts in the chart per family size:
Family
Size |
1 Person |
2 Person |
3 Person |
4 Person |
5 Person |
6 Person |
7 Person |
8 Person |
Income Limit * |
$50,050 |
$57,200 |
$64,350 |
$71,500 |
$77,200 |
$82,950 |
$88,650 |
$94,400 |
*The above limits apply to the income of all members of the household over 18 years of age. The income
limits are based on figures published by the U.S. Department of Housing and Urban Development (HUD).
|
How do you Apply for this Program? |
Contact our department to start the intake / qualification process. Following submission of the completed intake form and required financial documents, staff will review and process the application. Upon approval staff will notify the applicant. Staff will inform our clients of dates/time for the required Home Ownership Counseling classes. We anticipate processing approved home buyers within 60 days.
[ View] Steps for the FTHB – NSP Process
|
An Equal Housing Opportunity Lender |
If you are interested in more information or would like to apply for the NSP Program,
please call the Housing Division at:
209.525.6330, TDD 209-525-5999
|
