Updated 12/11
Funds are still available in NSP2 Program
We are recommending that buyers do the following before shopping for a property.
- Read the full Program Guidelines
- Read the Frequently Asked Questions
- Attend an eligible Home Stretch workshop given by a HUD approved agency
- Apply for the program:
- Download and print an household income eligibility application packet;
- Complete the application;
- Gather the required documentation per the instructions;
- Submit the application and all documentation to Hennepin County.
- Find a Lender who can provide eligible mortgage and can sign the appropriate Lender Certification for the program:
- Print and attach a the required Purchase Agreement Addendum appropriate for the property, when you get ready to make an offer to purchase a property:
Sample Program Loan Documents
Background
NSP2 Homebuyer Assistance Program
The Neighborhood Stabilization Program 2 (NSP2) is funded by HUD under the Housing and Economic Recovery Act (HERA) and the American Recovery and Reinvestment Act of 2009 (ARRA). Using NSP2 funds, Hennepin County has created the NSP2 Homebuyer Assistance Program. NSP2 provides assistance to homebuyers, at or below 120 percent of HUD-issued Area Median Income (AMI) limits, that buy an eligible vacant and foreclosed property in a highly impacted foreclosure area. The goal of NSP2 is to revitalize and stabilize communities..