August 6, 2009 by lourie
On July 1, 2009 the City of Phoenix rolled out their Neighborhood Stabilization Program for downpayment and closing cost assistance for low to moderate income homebuyers. Highlights of the program include: up to $15,000 in funds available to qualified homebuyers for downpayment and closing costs, participants must meet maximum income and minimum credit score requirements, must attend a qualified Homebuyer Class and Counseling Session, can not currently own real property, and must purchase a foreclosed property located in the City of Phoenix.
The following is a link to the City’s Fact Sheet about this program: http://phoenix.gov/nsd/factsht.pdf
