Neighborhood Stabilization Program

Rehabilitated Homes For Sale

What is the Neighborhood Stabilization Program or NSP?

The NSP program was devised to help stabilize area that have 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.

More information on the national NSP program can be found here.

Information on how NSP money is being used locally can be found here.

What does the NSP mean to you?

Qualified buyers can buy a fully rehabilitated home in Cleveland with tax abatement and a 20% forgivable 2nd mortgage while paying a price that is a fraction of the actual cost to rehabilitate the home. Homes using the NSP program are also required to use green building standards that will drastically reduce your utility costs. Click here to see 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 quailify.

Trailside Homes

New single family homes nestled along the Morgana Run multipurpose trail. Modern elegance, starting at $119,000. Tax Abatement. Learn more.

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Footbridge Townhomes in Tremont Valley SOLD

New construction townhomes, in Tremont, utilizing the Neighborhood Stabilization Program. Located two blocks from Lincoln Park near Tremont Field these townhomes provide and amazing value to the quailified buyer. Tax Abated.

2305 Hood Avenue SOLD

Awesome rehab in Old Brooklyn. Hardwood floors, new ceramic kitchen, two full ceramic baths with new fixtures and cabinets, all new Energy Star windows, new mechanical systems, and new two car garage.

Parkside Townhomes - University Circle Cleveland Ohio

Parkside Townhomes SOLD

Rebirth of this contemporary new construction townhome project just steps from University Circle, Case Western Reserve, University Hospitals, Veterans Administration Hospital and the Cleveland Clinic. $132,000

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1461 West 54th Street SOLD

Total gut rehab of this worn out Victorian near Gordon Square. This home will receive not only a full mechanical redo but also a totally new and updated floor plan to match today's lifestyles.

2499 West 7th Street SOLD

Newer Tremont home fallen into disrepair being completely rehabilitated. Great opportunity for a buyer to buy a like new home at an affordable price in Tremont. This home will also be given a floor plan update to current buyer expectations.

2250 West 7th Street SOLD

Total gut rehab of this surprisingly large Tremont home. Completely new floor plan with first floor master bedroom. Great location overlooking the Tremont Ridge homes.

11916 Kensington, Westtown, Cleveland Ohio

11916 Kensington Avenue SOLD

Major rehab of a cute bungalow on tree lined street in Westtown. All new kitchen and bath, upgraded mechanicals, new windows and siding, refinished hardwood floors, two car garage and much more.

3455 West 122nd Street SOLD

Very cute 2 bedroom home on great street in Cleveland's Westown neighborhood. Currently under construction this rehab will refresh many of the original charms while adding modern kitchen, bath and updated utilities.