Neighborhood Stabilization Program

About the Program:
The Neighborhood Stabilization Program makes affordable housing available for purchase for eligible low-to moderate-income homebuyers.  The County utilizes NSP funds to purchase vacant foreclosed homes throughout the County, make necessary repairs on the homes, and reselling these properties to income eligible homebuyers. This program does not provide foreclosure prevention assistance.

Eligibility Requirements:  
In order to qualify for this program, applicants must meet the following criteria:

  • Must earn below 120% of Area Median
  • Must not own or will not own residential property at the time of closing
  • Qualify for a 30-year fixed mortgage
  • Complete an 8 hour HUD-approved homebuyer’s course

If you are interested in applying for this program please click here for the NSP Application in English or here for the NSP Application in Spanish.


NSP Financial Assistance: 
Eligible applicants can receive homebuyer's assistance for the purchase of their new NSP home.  This assistance can be utilized to help with the cost of purchasing the home and can be applied to the first mortgage to reduce the monthly payments. We offer financial assistance as a soft-second mortgage that is a deferred payment loan with 0% interest and now payments which reduces annually at the anniversary date of the closing.

Applicants are required to maintain the NSP home as their primary residency for a period of five or ten years depending on the amount of assistance they select.

The program currently offers the Soft-Second Mortgage with the following option:

  1. $12,500* for five years with no interest and no payments, reduced annually at a 20% rate. (*Amount is subject to change depending on an applicant's needs.)

If the homebuyer is unable to remain in the home for the residency requirements then the pro-rated loan amount shall be due back.

All buyers must meet certain eligibility requirements for financial assistance. Click here for income eligibility requirements. 

How to get started: 
Contact a mortgage lender or a real estate agent, who will assist you in qualifying for a loan and selecting a home. If you or your lender/agent has any questions, contact the Hall County Housing Information Specialist Joy Walker at joywalker@hallcounty.org or (770) 535-8274.