The Neighborhood Stabilization Program (NSP) offers home buyers assistance in buying homes. One non-profit Chicano Por La Causa has obtained a $30,000,000 award to implement a housing stabilization in Maricopa County and Santa Cruz County in Arizona. These funds are being used to purchase bank reo property and rehab of the distressed homes. Once the homes have been renovated they are placed on the market and made available to buyers that meet certain guidelines. There are restrictions on income and the buyer cannot own another home.
The renovations are exceptional and the homes are presented in move condition. The purpose of this program is prevent further deterioration on home prices and provide a stimulus to the local economies in these areas.






