Neighborhood Stabilization Program

The Neighborhood Stabilization Program (NSP) was devised to help stabilize areas that have been hit by the foreclosure crisis. Funding for the program is part of the Federal Government's stimulus package enacted in order to help revive the economy during the past recession.

What does the NSP mean to you?

Qualified buyers can buy a fully rehabilitated home in Cleveland with a tax abatement and a 20% forgivable 2^nd mortgage while paying a price that is a fraction of the actual cost to rehabilitate the home. Homes using the NSP are also required to use green building standards that will drastically reduce your utility costs. Find out if your income qualifies you to purchase a fully rehabilitated home using the NSP program. Incomes must be under the stated income guidelines in order to qualify.

Additional NSP Informational Links

• Tax Abatement Information
• Additional Information on the National Neighborhood Stabilization Program
• How NSP Funds Are Being Used Locally