AJC: Georgia awarded $50 million in HUD neighborhood improvement funding (Sept.8, 2010)
First NSP home purchased (May 21, 2010)
County's first NSP homes ready for market (Feb. 6, 2010)
More NSP funds coming (Jan. 23, 2010)
Four firms named to NSP foreclosure program (June 27, 2009)
Foreclosure relief is on the way (April 4, 2009)
Rockdale County’s Neighborhood Stabilization Program was recently allocated an additional $636,500 of federal stimulus funds, channeled through the Georgia Department of Community Affairs.
Rockdale was awarded $2.7 million in April 2009 in the first round of the federal stimulus NSP grants and allocated an additional $12,000 by Ga. DCA in January. Rockdale was not included directly in the second and the recently announced third rounds of NPS funding. The total NSP budget for Rockdale is now more than $3.4 million dollars plus more than $1 million dollars generated from home sales.
“The fact that they would consider Rockdale’s NSP for additional funding so close to the September 5 obligation deadline was a thrilling challenge I was certain we could meet,” said Rockdale County’s NSP Coordinator, Tanesha Lanier. Rockdale was required to obligate the $630,000 within a week’s time. “The pressure was very intense,” said Lanier, “but the funds were fully obligated with three days to spare.”
“The NSP project works,” said Rockdale County Commission Chairman Richard Oden. “We are building stronger communities and thriving families. Rockdale is turning the tide toward economic success and we’re doing it one new homeowner at a time. I am so proud of this program’s success.”
According to the county, the NSP program employs more than 55 people, of which 60 percent are local businesses or professionals.
The Rockdale NSP has acquired 15 homes to date: nine homes closed, four under contract and two currently available. There are also and 11 pre-sales available, for a total of 26 homes with NSP involvement throughout the county.
The NSP program rehabilitates and sells foreclosed homes, many within the same neighborhood, and sells them to pre-qualified homeowners. Buyers are eligible to receive up to $14,500 in assistance off the home price.
The program is available to financially qualified borrowers who complete the Rockdale NSP eligibility application, and complete required HUD certified homeownership education and counseling.
For more information, contact NSP Coordinator Tanesha Lanier at email@example.com or 770-278-7141. For eligibility details, an application and a listing of available homes, visit the Rockdale County website at www.rockdalecounty.org.