Hall County's Grants Division is now accepting applications for the Neighborhood Stabilization Program, which makes affordable housing available for purchase for eligible low-to moderate-income homebuyers.
The County uses NSP funds to purchase vacant foreclosed homes in the county, make necessary repairs on the homes, and resells them to income-eligible homebuyers. The program does not provide foreclosure prevention assistance.
*Eligibility Requirements:
In order to qualify for this program, applicants must meet the following criteria:
Must earn below 120% of Area Median
Must not own or will not own residential property at the time of closing
Qualify for a 30-year fixed mortgage
Complete an 8 hour HUD-approved homebuyer's course
If you are interested in applying for this program please click here for more information.
Meanwhile, applications are also being accepted for the County's CHIP Rehabilitation Grant. The grant funds rehabilitation projects for homeowners who are 62 years of age and older, have an annual income below 50 percent of the median income as outlined by the U.S. Department of Housing and Urban Development, and meet other requirements.
For more information on the CHIP Rehabilitation Grant and to see if you or someone you know qualifies, click here.
http://accesswdun.com/article/2017/6/542493/hall-county-accepting-applications-for-affordable-housing-programs