Neighborhood Stabilization

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Neighborhood Stabilization Program (NSP)

About the Program

The Neighborhood Stabilization Program makes affordable housing available for purchase for eligible low-to moderate-income homebuyers. The County utilizes NSP funds to purchase vacant foreclosed homes throughout the County, make necessary repairs on the homes, and resell these properties to income eligible homebuyers. This program does not provide foreclosure prevention assistance.

Eligibility Requirements

In order to qualify for this program, applicants must meet the following criteria:

Must earn below 120% of Area Median
Must not own or will not own residential property at the time of closing
Qualify for a 30-year fixed mortgage
Complete an 8 hour HUD-approved homebuyer’s course

Download the pre-application (PDF).

NSP Financial Assistance

Eligible applicants can receive homebuyer's assistance for the purchase of their new NSP home. This assistance can be utilized to help with the cost of purchasing the home and be applied to the first mortgage to reduce the monthly payments. We offer financial assistance as a soft-second mortgage that is a deferred payment loan with 0% interest and now payments which reduces annually at the anniversary date of the closing.

Applicants are required to maintain the NSP home as their primary residency for a period of five or ten years depending on the amount of assistance they select.

The program currently offers the Soft-Second Mortgage in two options:

      1. $14,500 for five years with no interest and no payments, reduced annually at a 20% rate.
      2. $22,500 for ten years with no interest and no payments, reduced annually at a 10% rate.

If the homebuyer is unable to remain in the home for the residency requirements then the pro-rated loan amount shall be due back.

All buyers must meet certain eligibility requirements for financial assistance. To see if you qualify, visit the Qualifications page.

How to Get Started

Contact a mortgage lender or a real estate agent, who will assist you in qualifying for a loan and selecting a home. If you or your lender/agent has any questions, contact NSP at nsp@gwinnettcounty.com or (678) 518-6008.

Quarterly Performance Reports

The U.S. Department of Housing and Urban Development [HUD] requires that all communities receiving Neighborhood Stabilization Program [NSP] funds to post NSP Quarterly Performance Reports on their websites to provide citizens with access to this information. Gwinnett County's Quarterly Performance Reports are submitted to HUD and to DCA, as both of these agencies have awarded NSP funds to the County.

HUD NSP 1 Quarterly Reports:

Georgia Department of Community Affairs NSP 1 Quarterly Reports:

Quarter Ending August 31,2019
Quarter Ending May 31, 2019
Quarter ending February 28, 2019
Quarter ending November 30, 2018
Quarter ending August 31, 2018
Quarter ending May 31, 2018
Quarter ending February 28, 2018
Quarter ending November 30, 2017
Quarter ending August 31, 2017
Quarter Ending May 31, 2017
Quarter Ending February 28, 2017
Quarter Ending November 30, 2016
Quarter Ending August 31, 2016
Quarter Ending May 31, 2016
Quarter Ending February 28, 2016
Quarter Ending November 30, 2015
Quarter Ending August 31, 2015
Quarter Ending May 31, 2015
Quarter Ending February 28, 2015
Quarter Ending November 30, 2014
Quarter Ending August 31, 2014
Quarter Ending May 31, 2014
Quarter Ending February 28, 2014
Quarter Ending November 30, 2013
Quarter Ending August 31, 2013
Quarter ending May 31, 2013
Quarter Ending February 28, 2013
Quarter Ending November 30, 2012
Quarter Ending August 31, 2012
Quarter Ending May 31, 2012
Quarter Ending February 29, 2012

HUD NSP 3 Quarterly Reports:

Georgia Department of Community Affairs NSP 3 Quarterly Reports:

Quarter Ending August 31,2019
Quarter Ending May 31, 2019
Quarter ending February 28, 2019
Quarter ending November 30, 2018
Quarter ending August 31, 2018
Quarter Ending May 31, 2018
Quarter Ending February 28, 2018
Quarter Ending November 30, 2017
Quarter Ending August 31, 2017
Quarter Ending May 31, 2017
Quarter Ending February 28, 2017
Quarter Ending November 30, 2016
Quarter Ending August 31, 2016
Quarter Ending May 31, 2016
Quarter Ending February 28, 2016
Quarter Ending November 30, 2015
Quarter Ending August 31, 2015
Quarter Ending May 31, 2015
Quarter Ending February 28, 2015
Quarter Ending November 30, 2014
Quarter Ending August 31, 2014
Quarter Ending May 31, 2014
Quarter Ending February 28, 2014
Quarter Ending November 30, 2013
Quarter Ending August 31, 2013
Quarter ending May 31, 2013
Quarter Ending February 28, 2013
Quarter Ending November 30, 2012
Quarter Ending August 31, 2012
Quarter Ending May 31, 2012

Additional Links

Available Homes
Qualifications

Contact Us

Gwinnett County Neighborhood Stabilization Program
One Justice Square
446 West Crogan Street, Suite 275
Lawrenceville, GA 30046-2439
Phone: (678) 518-6008
Fax: (678) 518-6071
E-mail: nsp@gwinnettcounty.com

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