Covington will likely purchase its first foreclosed and bank-owned residential properties in June as part of the Neighborhood Stabilization Program. The county is also finalizing its NSP project and both the city and county are holding public hearings to give updates and receive feedback on the NSP.Covington is holding its NSP public hearing at the May 18 city council meeting and the county will hold its hearing at the May 19 Board of Commissioners meeting.The Neighborhood Stabilization Program is a federal program that provides money to local governments to buy and rehabilitate residential