The Neighborhood Stabilization Program (NSP) is a HUD-funded program authorized by the Housing and Economic Recovery Act (HERA) of 2008.  NSP acquires and redevelops foreclosed houses in Birmingham that might otherwise become sources of abandonment and blight.  Houses acquired through NSP are rehabilitated, resold, or gifted to to other non-profits in order to stabilize neighborhoods and stem the decline of market value of neighboring homes.

Families and/or individuals who are interested in participating must:

1.  Complete an application for homeownership with JCCEO.

2.  Provide the following documents as part of their application for homeownership:

a)  Proof of Income (prior year income tax return, 4 weeks pay check stubs, statement from Social Security Administration, child support declaration, etc.)

b)  Verification of Deposit for down payment and closing costs (bank statement).  If divorced, a copy of the Divorce Decree.

c)  If filed Bankruptcy, a copy of the Bankruptcy documents. If discharged from bankruptcy, copy of the discharge letter or statement.       

d)  Authorization to pull credit report.

e)  Any other information required to determine eligibility.

3.  Attend an 8-hour Financial Literacy Session.

4.  Attend an 8-hour Homebuyer Counseling Class.

5.  Apply for a non-predatory mortgage with a lender of their choice.

6.  Applicants have the liberty to identify and submit to JCCEO the address of a foreclosed or abandoned property within the City of   Birmingham.