Neighborhood Stabilization Program

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Building for the Future

During the past few years, communities have been impacted across the country with foreclosures and declining property values. The purpose of the Neighborhood Stabilization Program (NSP) is to provide targeted assistance to acquire and rehabilitate foreclosed residential properties that might otherwise become a source of blight within communities. These homes are priced below market value and in some cases may be purchased for as little as two percent down. They also have desirable features for the home buyer like energy efficient construction, Energy Star new appliances, security systems, Florida-friendly landscaping, and hurricane-resistant features.