Can I buy any home to receive NSP homebuyer assistance?
No, there are specific homes which are available for sale and that qualify for NSP homebuyer assistance. The City will use NSP funds to buy foreclosed, vacant homes purchased at a discount off the current appraised value. Homebuyers who qualify for homebuyer assistance may purchase only these homes from the City in order to receive homebuyer assistance. These homes may include single family detached homes, condos, 1 unit in a 2-4 unit property, townhomes, and manufactured homes where treated under state law as real estate (not personal property).
Related Questions
- Does previously inheriting a home and living in it automatically disqualify me as a first-time homebuyer if I buy a different home on or before Nov. 6, 2009?
- Does participating in the First-Time Homebuyer Program automatically qualify me to buy a home?
- What happens if I file bankruptcy and wish to buy another home at some point?
