TAVARES — The Lake County Department of Community Services and its partner Homes in Partnership are advertising several homes for sale online that were purchased through the federal Neighborhood Stabilization Program (NSP).
Several of the foreclosed homes purchased are available to qualified first-time homebuyers. View the homes online or for more information, call Toby Best with Homes in Partnership at (407) 886-2451.
The NSP was created by the Housing and Economic Recovery Act of 2008 to respond to rising residential foreclosures and property abandonment. The main purpose of the NSP is to stabilize neighborhoods negatively impacted by foreclosures.
Eligibility requirements for buyers to purchase a home under NSP include:
- Cannot currently own a home, first-time homebuyer
- Must be able to obtain mortgage financing
- Have a minimum credit score
- Complete a homebuyer’s education class and obtain certificate
- Meet income guidelines
Lake County received $3.1 million to acquire, renovate and sell foreclosed homes at affordable prices to eligible families. To have the most impact on neighborhoods hardest hit by foreclosures, the targeted areas were selected by zip codes to participate in NSP: 34711-Clermont, 32748-34788 Leesburg and 32726-32736 Eustis.
Lake County partners for the NSP include City of Leesburg Housing & Economic Development (352) 728-9798, Habitat for Humanity of Lake-Sumter (352) 483-0434 and Homes in Partnership (407) 886-2451. For more information about the NSP in Lake County, call Bill Gearing, Lake County’s Community Enhancement Coordinator, at (352) 742-6564.