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Buying an NSP-2 House in Reservoir Hill

Healthy Neighborhoods NSP2 Program

What’s NSP2? It stands for Neighborhood Stabilization Program 2, a federally funded effort to mitigate the impacts of foreclosed, short sale and abandoned properties.

The Healthy Neighborhoods Consortium will use these funds to acquire, rehabilitate and resell properties and to provide $25,000 interest-free forgivable loans to homebuyers.

Healthy Neighborhoods, Inc., in a consortium with the City of Baltimore Department of Housing and Community Development, St. Ambrose Housing Aid Center, Druid Heights Community Development Corporation, Habitat for Humanity of the Chesapeake and Telesis Baltimore Corporation, has been awarded $26,092,880 in NSP2 funds.

The Healthy Neighborhoods development partner in Reservoir Hill is Druid Heights CDC.

Eligibility

  • The borrower must complete 8 hours of homeownership counseling. Click here to view a list of HUD Approved Counseling Agencies.
  • The household income of the borrower must be less than 120% of Area Median Income (AMI). Click here to view a chart of the 2012 income limits.
  • Qualifying homes will be the primary residence of the borrower; are foreclosed, short sale or abandoned properties; and contain 1 to 4 zoned residential units.
  • The property must be located in one of the 12 eligible census tracts. Click one of the following neighborhoods to see a map of the eligible census tract/s in the neighborhood:
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