Neighborhood Stabilization Program (NSP)

 

 

What is the Genesee County Neighborhood Stabilization Program?

The Genesee County Neighborhood Stabilization Program (NSP) is funded through the U.S. Department of Housing and Urban Development (HUD). The program’s purpose is to stabilize neighborhoods by:

 

 

 

 

Target Areas

The home must be located in one of the target areas. For a map of Genesee County’s target areas, click here.

 

 

 

Who Is Eligible to Purchase a Renovated NSP Home?

 

 

 

How Do I Buy a Genesee County NSP Property?

 

 

 

Financing

Genesee County’s NSP will provide up to $5,000 in down payment and closing cost assistance and up to $25,000 in gap financing, which is the difference between the sales price of the home and the amount the borrower is qualified to borrow.

 

Appliances (range, refrigerator, clothes washer and dryer) are included with sale.

 

 

 

What Special Restrictions Apply?

 

 

 

Click here to see a list of NSP properties for sale.

 

 

 

For More Information

Contact the Genesee County Metropolitan Planning Commission at (810) 257-3010, or submit a preliminary homebuyer application to GCMPC.

 

 

 

2009 Quarterly Progress Reports

 

2010 Quarterly Progress Reports

 

2011 Quarterly Progress Reports

 

 

 

Additional Links and Resources

See the U.S. Department of Housing and Urban Development's  website where you can access additional information about the NSP and all of HUD’s services and programs.

 

Genesee County’s Substantial Amendment--NSP 1

Genesee County’s Substantial Amendment – NSP3

 

 

 

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