What: Celebration of Seven New Homeowners due to Neighborhood Stabilization Program (NSP) and 50/50 Homebuyer Program
When: Wednesday, March 28, 2012 at 11:00 a.m.
Mayor Jeri Muoio will be conducting a press conference at 918 14th Street at 11:00 a.m. on Wednesday, March 28, 2012 to welcome one of the seven new homeowners into the Coleman Park neighborhood. Within the past week, seven different individuals have achieved the American dream of becoming homeowners. This would not have become possible without the Federal Neighborhood Stabilization Program (NSP) and the City’s 50/50 homebuyer program.
The Neighborhood Stabilization program was established for the purpose of stabilizing communities who have suffered from foreclosed and abandoned properties. Stabilization efforts are being achieved through the purchase and redevelopment of residential properties.
Mayor Muoio will present one of the homeowners with a letter of congratulations, as well as a tool kit at the press conference. The seven homeowners range in age from late twenties to the elderly, young professionals to widowers and retirees. All of the homeowners were extremely excited to finally have the ability to own their own home. There are criteria for the 50/50 Homebuyer program which each had to meet in order to purchase the home:
- Must be First Time Homebuyer (cannot have owned a home within the past three years)
- Must take 8 hour First Time Homebuyer education course (free)
- Must bring 1.75% of your own funds to closing table
- Must occupy the property as primary residence
Other Properties are still available for sale under the 50/50 Homebuyer
- 1049 22nd Street
- 909 14th Street
- 1013 13th Street
- 1034 22nd Street
- 1016 14th Street
- 1025 Adams Street
- 1113 22nd Street
- 1107 22nd Street
- 809 21st Street
For more information on the program and how to apply, please contact the Department of Housing and Community Development at 561-822-1250.