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No, NSP funds are allocated based on the income level of individuals and families, not based on the price of the house.
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You must fall below certain income levels to qualify. View the 2014 Income Limits (PDF) to see if you qualify.
The Douglas County NSP provides up to $25,000!
Go to the Atlanta Neighborhood Development Partnership website to see a step-by-step guide.
Go to the Atlanta Neighborhood Development Partnership website to search homes in Douglas County.
AMI refers to the median income of the metropolitan area. AMI is defined by the United States Department of Housing and Urban Development (HUD) in this case.
Yes. United States Department of Housing and Urban Development (HUD) mandates that a minimum of 25% of NSP funds be utilized for programs geared towards individuals and families at or below 50% of AMI. For Douglas County, this will be approximately $936,065.
In a press release issued by DCA on Friday, March 13, 2009, it was confirmed that Douglas County’s direct allocation under the NSP program is $3,809,526.
Douglas County is eligible to apply for $3,744,262 in NSP funding.
Under United States Department of Housing and Urban Development (HUD) guidelines, the following are the only eligible NSP activities:
Douglas County is considering all the options available under the NSP, including rehabilitation of qualifying homes.
The NSP funding includes a funding mechanism for the administration of the program. Douglas County, through normal procurement procedures, may hire a consultant or other organization to administer this program and the application process.
Yes, all funding applicants are required to attend homeownership counseling through the United States Department of Housing and Urban Development (HUD) approved counseling agencies prior to receiving funds.
Yes, applicants will receive assistance with the application process.