Clayton County Neighborhood Stabilization Program
HUD, under Title III of the Housing and Economic Recovery Act, 2008 (HERA) appropriated $3.92 billion for emergency assistance for redevelopment (rehabilitation) of foreclosed residential properties.
Clayton County was awarded $9,732,126 based on HUD’s high risk formula. The formula took into consideration the number of existing foreclosures, sub-prime mortgages or houses in danger of foreclosure. In 2010, Clayton County was awarded $3,796,167 in funds for NSP3 through the Dodd-Frank Act.
(There are no homes for sale at this time)
As of March 2019, we have acquired, rehabilitated and sold 268 houses, redeveloped 25 new houses. A total of 293 new home buyers in Clayton County.
Provided 10 first time homebuyers with Mortgage Assistance for non-NSP homes.
Demolished or partial demoed 7 houses working with Clayton County Code Enforcement and the HUD Programs Essential Home Repair Program.
Partnered with Clayton County HUD Programs Divisions Community Development Block Grant (CDBG) and Clayton County Code Enforcement to demolish 2 blighted apartment complexes in Clayton County, Battle Creek Apartments and Tracewoods Apartments.
Clayton County selected the following five eligible activities:
- Acquisition, rehabilitation and resell of foreclosed single family residential property
- Provide mortgage assistance and closing cost assistance to buyers
- Provide home buyer counseling and home owner training for buyers
- Demolition of blighted properties
- Redevelopment of vacant lots by constructing new homes
The County through a competitive Request For Proposals has selected two Asset Management Teams to complete the work under the Neighborhood Stabilization Program. Each Asset Management Team consists of a State Licensed General Contractor and a Licensed Real Estate Company experienced in workforce housing.
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Clayton County Community Development HUD Programs Division Downpayment Assistance Program (DPA)
If you are looking to purchase a home in Clayton County we do have a first time homebuyer downpayment assistance program. Please follow the link to find out more information about the program and qualifications www.claytoncountyhud.com or go to contacts and email Nadia Tompkins for more information.
*NOTE: This program is not part of the Neighborhood Stabilization Program
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Reporting
NSP Substantial Amendment
Pursuant to the Federal Register/Vol. 73, No. 194, October 6, 2008, Section II. B. statutory and regulatory provisions governing the CDBG programs, the contents of the NSP substantial amendment to the Annual Action Plan must be posted on the Jurisdiction's Web site for citizen information purposes.
