Aug. 10, 2011
The city of Phoenix is hosting free workshops where attendees will learn how to take advantage of all-time low interest rates, affordable home pricing and Phoenix down-payment assistance programs funded through the federal Neighborhood Stabilization Program.
The Neighborhood Stabilization Program addresses the effect of foreclosures in the city’s hardest hit neighborhoods through renovating vacant and abandoned homes, and offering buyers homeownership opportunities, incentives and the educational tools to ensure success in the long-term.
The city of Phoenix received three rounds of funding through the Neighborhood Stabilization Program (NSP1, NSP2 and NSP3) from the U.S. Department of Housing and Urban Development. The three grants are expected to turn approximately 2,000 vacant single- and multi-family Phoenix properties back into homes.
There are two single-family homeownership programs actively seeking owner occupants looking to purchase a foreclosed home in select areas of Phoenix; both provide one-on-one counseling, homebuyer education and a $15,000 zero-interest, no monthly payment loan to use towards closing costs and down payment.
Workshop topics will include how to apply for federal down-payment assistance funds and tips on how to purchase and renovate foreclosed homes in Phoenix.
Workshops scheduled through Nov. 9 include:
- 10:30 a.m. Saturday, Aug. 20, Sunnyslope Community Center, 802 E. Vogel Ave.
- 5:30 p.m. Wednesday, Sept. 14, Boys and Girls Club, 6629 W. Clarendon Ave.
- 10:30 a.m. Saturday, Sept. 24, Paradise Valley Community Center, 17402 N. 40th St.
- 5:30 p.m. Wednesday, Oct. 12, Burton Barr Library, 1221 N. Central Ave.
- 9:30 a.m. Saturday, Oct. 22, Estrella Mountain Precinct, 2111 S. 99th Ave.
- 5:30 p.m. Wednesday, Nov. 9, Tomahawk Elementary School, 7829 W. Turney Ave.
For more information about the free workshops or to RSVP, call 602-262-6602, email nsphome@phoenix.gov or visit phoenix.gov/nsphome.
Media Contact:
| Lisa Honebrink | 602-262-6180 |