Unfortunately, the Neighborhood Stabilization Homeownership Program is currently suspended until further notice.
Per the RivCo EDA, which oversaw the program, program funds have been exhausted. Program applications are no longer being accepted.
When available, the Neighborhood Stabilization Program provides excellent homeownership opportunities to very low-, low- and moderate- income first time homebuyers. Riverside Housing Development Corporation (RHDC) is one of several developers working with the Economic Development Agency (EDA) of the County of Riverside (RivCo). Developers like RHDC rehabilitate and resell beautiful single-family homes through the Neighborhood Stabilization Program (NSP).
The Neighborhood Stabilization Program (NSP) has a number of qualifications, including income limits. These can be viewed at Income Limits on the RivCoEDA.org website. Many of our properties that are currently available or upcoming will be restricted to homeowners within the 50% bracket. In which case, a family of 2 would need to make less than $24,850 a year, for example. A smaller percentage of NSP homes are made available to homeowners within the 120% bracket, in which case a family of 2 would need to make less than $59,600 a year, for example. (Examples last updated from the Income Limits list effective March 2015.)
Neighborhood Stabilization Program homes are only available in select target areas throughout Riverside County. RHDC is one of several developers working with RivCo EDA. Through the NSP and HUD Homes programs, RHDC has successfully purchased, renovated and resold NSP homes throughout Riverside County since 2009. These have included homes in Temecula, Lake Elsinore, Menifee, San Jacinto, Hemet, Riverside, Jurupa Valley, Banning and Beaumont, San Bernardino, Moreno Valley and the unincorporated County areas adjacent to those cities. RHDC improves the future marketability and extends the economic life of all the rehabilitated NSP homes. NSP homes, and similar programs, are also critical in helping Very Low-, Low-, and Moderate-Income persons achieve homeownership.
Please visit RC Homelink for additional information.
Please contact us at website(at)rhdcca.org with any additional questions about the Neighborhood Stabilization Program (NSP). Please note, the program is currently suspended, and program applications are no longer being accepted.