NSP Atlanta could be your answer

to home ownership!

What is NSP?

The Neighborhood Stabilization Program (NSP) was established under HUD (U.S. Department of Housing and Urban Development) for the purpose of stabilizing communities that have suffered from foreclosures and abandonment.

Environs Residential NSP is a part of NSP 1, a Housing and Economic Recovery Act (HERA) program. The Act was signed into law in 2008 to address the severe housing crisis. Title II of the Act appropriates $3.92 billion of grant funds under the Neighborhood Stabilization Program.  These funds allow states and local governments to purchase and redevelop abandoned or foreclosed properties in areas with the greatest need based on the extent of foreclosures, subprime mortgages, and mortgage delinquencies and defaults.

What is NSP Atlanta?

NSP Atlanta is a website developed to inform Atlanta residents and potential home buyers about the Environs Residential Design & Construction NSP projects, as well as provide a general overview of the Neighborhood Stabilization Program in the Atlanta area.

The Environs initial allocation from the City of Atlanta Neighborhood Stabilization Program funds is to be used to rehab five homes in parts of the Edgewood, Reynoldstown and Kirkwood neighborhoods. (See map of the area.) In order to achieve this goal, we gathered a group of business associates, the Environs Residential NSP Team, with whom we have a proven track record to ensure successful and effective use of the NSP dollars received.

In order to clearly communicate our efforts and streamline the flow of information to potential home buyers, the NSP Atlanta website was launched. The site offers information about the Environs Residential NSP Team, how we can help you navigate your way to an NSP home, and:

• Current NSP homes available for purchase and those in the pipeline (ours and those of other area NSP recipients)

• NSP qualification guidelines and what loan options might be available to you

• Guidelines to identify other federal, state and local programs that can be combined with NSP to make your home purchase even more affordable
• Tips on selecting a realtor with NSP expertise and how that realtor can assist you in purchasing your home

We hope you find the NSP Atlanta website helpful as you look towards your goal of home ownership.

Am I Eligible for NSP Properties?

To find out if you qualify for NSP properties, just ask yourself these two questions:

1.  Do I currently own a home or investment property?

2.  Does my income fall at or below these annual income guidelines?

If you do not currently own real estate and if your income falls within the guidelines above, then you may qualify for the Neighborhood Stabilization Program. Contact Environs Residential NSP now for more information.

How Does the Process Work?

It's easy to follow the steps to home ownership with the help of the Environs Residential NSP Team:

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Environs Residential NSP Properties?

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NSP Resources

City of Atlanta Online

HUD (U.S. Department of Housing and Urban Development)

NSP Property Locator