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Home >> Departments/Offices >> Neighborhood Stabilization Program (NSP) >> FAQs


About the Program

The U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) provides emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.

Rockdale County has received $2.7 million in Neighborhood Stabilization Funds from Georgia Department of Community Affairs to acquire foreclosed residential real estate. After purchase and improvement, the properties will be sold to buyers who are eligible to participate in the Neighborhood Stabilization Program.

The Neighborhood Stabilization Program will help individuals and families realize the dream of homeownership. Buyers may receive NSP funding in the form of a deferred second mortgage to assist with down payment and closing cost assisted with the purchase of the NSP home.

Below are some Frequently Asked Questions (FAQ) regarding the NSP:

Q. How do I know if I meet the income qualifications?
A. Your total household income based on family size must be less than the incomes listed on the following chart as set forth by HUD in the 2013 Area Median Income (AMI) limits. See NSP Application.
Q. What are the other eligibility qualifications?
A. In order to be eligible, the buyers must:
1. Be a U.S. citizen, qualified alien or a non-immigrant.
2. Qualify for a mortgage for the purchase of the home and provide the required documentation necessary to meet the NSP program requirements and obtain mortgage loan approval from an approved lender.
3. Obtain a certificate of completion of 6 hour homebuyer education course and 2 hour one-on-one housing counseling from a HUD approved housing counseling agency.
4. Secure an executed real estate contract with an Asset Manager for the property to be purchased.
5. Contribute a minimum of $500 of your own funds toward purchase of the home.
6. Purchase and occupy the NSP home as your primary residence.

Q. How much assistance is the NSP program providing?
A. Eligible homebuyers will receive $14,500 for down payment and closing cost for the purchase of a home funded with NSP funding and listed on the Rockdale County website.

Q. Is this a grant or a loan?
A. The assistance provided by the NSP program is in the form of a 0% interest deferred loan. A deferred loan means that you will not have to make payments on the assistance provided by the County. You will not be required to pay the loan back as long as the property remains your primary residence for five years and there is no change in title or ownership during the term of the deferred loan.

Q. Can I participate in this program if I own a home?
A. Homebuyers seeking to purchase a NSP home in Rockdale County may own other residential real estate; however, the NSP home must be the primary residence of the applicant. Additionally, the applicant must occupy the NSP financed property as his or her primary residence within 60 days of closing.

Q. Can I select a home and present it for participation in this program?
A. No, all homes will be selected by Rockdale County Asset Managers and placed on an available inventory list.

Q. Can I select my own real estate agent to assist me with the purchase of a NSP home?
A. Yes, however the agent must represent you at the time you make application.  Additionally, a buyer brokerage agreement is required.

Q. Where are the available homes located and how can I view a list of the inventory?
A. Homes available in this program will be located throughout the County in identified foreclosure crisis communities available listings will be posted on the Rockdale County website as they become available. Also, eligible applicants will be notified by the program coordinator regarding newly available properties.

Q. Are “short sale” properties eligible for NSP assistance?
A. No. Only properties completely through the foreclosure process and owned by the bank or lender are eligible for Rockdale NSP acquisition at this time.

Q. Can the buyer get their own inspection on the home?
A. Yes. The buyer is advised to obtain their own independent inspection prior to purchasing any property. Inspections conducted by the Rockdale County Asset Managers are for the limited purpose of complying with the requirements of the NSP program and should not be relied on by the buyer for any other purpose.

Q. Do I need good credit to participate in this program?
A. Credit will be reviewed by the lenders. Approved lenders are using specific underwriting criteria to determine whether you qualify for a mortgage. The NSP program requires that you must obtain a pre-qualification or pre-approval letter from an approved lender in order to submit a purchase contract for a NSP home.

Q. Can a homebuyer use other assistance programs with the NSP Programs?
A. Possibly. We will allow the NSP funds to be layered with other programs. However, not all programs allow layering of assistance. You or your lender should check with the program administrator to confirm with them if they allow layering. Your lender will also need to be sure they can layer the funds with whatever type of first mortgage you are getting from them.

Q. What benefits are available to the buyer?
A. Buyers will benefit in the following ways:
1. “Move-in” ready home
2. A zero percent second mortgage loan in the amount of $14,500 for principal reduction, down payment assistance and/or closing costs for the purchase of the home. The NSP second mortgage loan is due in full upon sale, transfer, or when home is no longer owner occupied during the first five years.
3. Not just for first-time homebuyers

Q. If I meet the eligibility qualifications, what do I do to participate in the program?
A.  1. Complete homebuyer education training and one on one housing counseling and obtain your certificate of completion.
2. Apply for mortgage loan pre-qualification from a lender and provide the required information as requested by the lender and the NSP program.
3. Obtain the list of available homes, select a home, contact listing agent to assist you with the submittal of your purchase contract and close on your home.

Q. How do I get additional information on this program?
A. Visit the Rockdale County website for updates and more information. You may also contact Tanesha Lanier at or call 770-278-7141 or 678-710-2000.

* Restrictions Apply. Please check for more information.