Shelli Dore’s Real Estate Blog

Neighborhood Stabilization Program (NSP), which was created by the Housing and Economic Recovery Act of 2008 to address the problems that can be created to foreclosure-ridden neighborhoods.

According to U.S. Housing and Urban Development, "The NSP Program also seeks to prevent future foreclosures by requiring housing counseling for families receiving homebuyer assistance. In addition, the Agency seeks to protect future homebuyers by requiring States and local grantees to ensure that new homebuyers under this program obtain a mortgage loan from a lender who agrees to comply with sound lending practices."

Some highlights…

Energy Efficient Housing Tax Credits & Grants — homeowners will be able to claim a 30% tax credit for purchases of new furnaces, windows and insulation through 2010.

Broadband Deployment – Why should you care? A 2006 Commerce Department report determined that property values are 6% higher in communities where broadband is available.

Other provisions funded Rural Housing Service, Transportation Investments, Low Income Housing Grants, Tax-Exempt Housing Bonds, all of which benefit our communities by increasing or helping to stabilize housing values throughout the country.

Share this with your friends and family…

Your friend in the real estate business,

Shelli Dore

Find me on Facebook!
Connect with me on LinkedIn!
Follow me on Twitter!

…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.