Open House Press Release

NSP Open House- Press Release

On Sunday, April 10th, 2011 from 1 p.m. to 4 p.m. the St. Louis County Office of Community Development would like to invite all potential buyers and real estate agents to our first ever Neighborhood Stabilization Homes Open House. In 2008 St. Louis County was funded with approximately $18 million from the Department of Housing and Urban Development to administer a Neighborhood Stabilization Program (NSP) in the County. NSP was created as part of the Housing and Economic Recovery Act and designed to combat the nation’s home abandonment and foreclosure crisis. Since 2008 St. Louis County has funded the purchase and rehabilitation of 130 homes in the County. To date the County has sold approximately 30 homes. The County is holding this event to generate interest in the upcoming 40 to 50 homes which will be completed and put on the market in 2011. The homes are all in top notch condition and will be sold with a $5,000- $15,000 buyer’s incentive to be used for down payment and/or closing costs.    St. Louis County Community Development staff will be at the event to answer questions regarding the program.

The open housing will also feature the area’s top housing counseling agencies. Counseling agencies will be in attendance to provide education and information regarding the County’s Neighborhood Stabilization Program, First-Time Homebuyer Down Payment Assistance Program and other housing related topics. Several local lenders will also be available for mortgage loan consultation.

The tour will begin at the Urban League 8964 Jennings Station Road from 1 p.m. until 4 p.m. Maps will be available at the event. Developers and agents will be at each home on the tour.

For more information please see our website at http://ww5.stlouisco.com/plan/nsp/

For information contact Adam Roberts, Loan Specialist, Office of Community Development, 314- 615-4427 or aroberts2@stlouisco.com.

[ione_media_gallery legacy_id=”1377231″ src=”http://hot1041stl.com”%5D