Coconut Creek Real Estate: How the Neighborhood Stabilization Program Can Help You

Back in September 2008, as part of the Economic Recovery Act of 2008 signed into law by Fmr. President Bush, the Neighborhood Stabilization Program (NSP) was established. The purpose of this program was to help state and local governments buy and renovate foreclosures in their area in order to avoid further damage to the local housing markets. As you may already know, an abandoned home or one in severe disrepair negatively affects the market value and salability of neighboring homes. In an economic environment that needs no further trouble, this phenomenon is one that the government wanted to step in and prevent.

The NSP has turned into a program that is helping low to moderate income families make their dream of homeownership come true. Like the family in the video above, you may be able to take advantage of the funds made available by the NSP to purchase a home in Coconut Creek. Under the NSP, $17,767,589 was made available to Broward County, FL for use-why not get your fair share if you qualify? Contact local housing agencies to see how these funds may be able to assist you with your down payment, closing costs, and/or repairs to your new home.

When you are ready to take the next step toward realizing your dream of home ownership, contact me for the best service and guidance available. I look forward to helping you and your family to find the perfect Coconut Creek home!