Window to Homeownership

Buying a City of Phoenix NSP home has its advantages

The city of Phoenix Neighborhood Stabilization Program (NSP) offers a homeownership assistance program for recently renovated foreclosed homes, providing $15,000 for down payment, closing costs and a 3 year home warranty.

And, if you buy an NSP home by 12/31/10 (and closes by 2/28/11):

You get an energy-efficient Washer and Dryer*

Eligible buyers must be FHA creditworthy and have completed the NSP-required eight-hour Homeownership Education Class and Credit/Budget Assessment counseling course. Buyers must maintain the property as their principal residence and the total household income must be below 120% of area median income. For example, a household of four earning $79,100 or less has the potential to become eligible to participate. Program participants must contribute a minimum of $1,000 of personal funds for down payment or closing costs.

The $15,000 is paid back to the city when the homebuyer sells the home or refinances.


Funds are still available.

For more information feel free to email me at makalani@cox.net or call me at 602/370-5177.

Use this link to view the current list of qualified homes, Phoenix NSP Move-in Ready Home Inventory List


Only valid on NSP renovated homes (NSP's Move-in ready Program) under contract by 12/31/10, and closing by 2/28/11. Buyer must be eligible for NSP. The city of Phoenix reserves the right to remove any property from promotion, or end the promotion at any time. Any dispute regarding this special offer shall be resolved by the city of Phoenix at its sole discretion. *Appliance make and model will be chosen by the city and/or its contractors.