The City of Carrollton is proposing to amend the Action Plans of its Neighborhood Stabilization Programs (NSP1 and NSP3) by adding “NSP Eligible Use (E) – Redevelopment of Demolished or Vacant Properties” as an eligible program activity. Under this category, the City of Carrollton NSP will have the option of pursuing new construction of housing for low, moderate, and middle-income households.
The addition of “Eligible Use E – Redevelopment of Demolished or Vacant Properties” to the NSP1 and NSP3 Action Plans will be discussed at a public hearing scheduled to be held in the Elder Circle Community Center, located at 512 Elder Circle, Carrollton, GA 30117; on Monday, August 24, 2015 at 3:00 p.m.
The purpose of the hearing will be to obtain citizen input into approved program activities. Persons with special needs relating to handicapped accessibility or foreign language shall contact Libby Duke at 770-830-2000 ext. 240 prior to August 21, 2015. This person can be located at 315 Bradley Street, Carrollton, GA 30117 between the hours of 8:30 a.m. and 5:00 p.m. Monday through Friday, except holidays. Persons with hearing disabilities can contact us by using the Georgia Relay Service at (TDD) 1-800-255-0056 or (VOICE) 1-800-255-0135.
For more information about the proposed Substantial Amendment please click the links below:
The Neighborhood Stabilization Program (NSP) will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
Carrollton-Carroll County has received $3.4 million from the Georgia Department of Community Affairs to acquire foreclosed residential real estate. After purchase and improvement, the properties will be sold to buyers who are eligible to participate in the Neighborhood Stabilization Program.
CLICK HERE FOR A LIST OF CURRENTLY ELIGIBLE HOUSES
First NSP Home Sale Celebration
Through the partnership between the City of Carrollton Neighborhood Stabilization Program and the Public Housing Family Self-Sfficiency Program, the public housing resident pictured above was able to purchase her first home. Pictured from left to right are RE/MAX United real estate agent, Diane McConahy and new NSP homeowner, Sandra Corea.
Sandra Corea, public housing resident turned homeowner, signs closing documents for her new NSP House. Pictured with her are Phil Wilkins of Tisinger Vance, P.C. and Diane McConahy of RE/MAX United.
The Neighborhood Stabilization Program will help workforce individuals and families realize the dream of home ownership. Buyers may receive contributions for down payment assistance, closing costs, a deferred second mortgage, as well as education on homeownership. In order to be eligible, the buyers must:
1. Be a U.S. citizen, qualified alien or a non-immigrant
2. Be able to qualify for a mortgage.
3. Attend (or take online) an 8-hour HUD class.
4. Home must be your primary residence.
5. Meet income qualifications. (See chart.)
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