NSP2
The program will provide financial assistance to homeowners purchasing in areas challenged by foreclosure to assist with homeowner and neighborhood stabilization.
The maximum "incentive" assistance for households 81 percent to 120 percent of the area median income is $10,000. in addition to the incentive, households at or below 80 percent of area median income may qualify for "Homebuyer Gap" assistance of up to an additional $10,000. Funding is limited and income eligibility requirements apply.
Loans will be given on a first come, first serve basis and are for purchasing homes in NSP2 eligible neighborhoods. All first time buyers must attend a Home Stretch homebuyer educational workshop.
Call 952-417-8474 or email me to discuss your own personal situation.