City of St. Petersburg
Housing and Community Development
One 4th Street North
St. Petersburg, Florida 33701
(727) 893-7247 phone
(727) 893-4100 fax
e-mail: housing@stpete.org
Modified:
Jun 29, 2010 08:42 AM
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Federal Neighborhood Stabilization Program - NSP
During the past few years, communities have been impacted across the country with mortgage foreclosures and declining property values. The purpose of the Neighborhood Stabilization Program (NSP) is to provide targeted assistance to state and local governments to acquire and rehabilitate foreclosed upon residential properties that might otherwise become a source of blight within communities.
Complete List of Current NSP Properties
Click on this link to see just how affordable owning a home can be compared to renting: Home Affordability Chart
Home Buyers
View our list of newly constructed homes for sale which are energy efficient and hurricane hardened. Equipped with energy saving appliances, Florida friendly landscapes and accessible designs. Prices from the low 80,000's.
Acquired properties are renovated and brought up to the same standards as our new construction homes. With energy saving appliances and beautifully landscaped Florida friendly yards. The purchase price for each individual property will be the lesser of the appraised value of the property or the cost that the city incurred to acquire and renovate the property.
Choose a layout that best suits your needs. We have acquired a number of vacant lots ready for construction of your new home.
Home buyer Assistance Information and Eligibility Requirements:
Additional Resources:
- The Federal Register of October 6, 2008 contains information regarding the NSP
- Additional information can be viewed on HUD's Web site
- Local HUD Approved Counseling Agencies
Realtors
Realtors may recommend properties for purchase by the city, if they meet the following qualifications
Property qualifications:
- Foreclosed
- Bank owned
- Unoccupied
- Located in Areas 1, 2, 3 and 4 on the map
- City may pay 99% of the appraised market value.
Contact:
Mike Psarakis
Senior Real Estate Coordinator
Tel: 727- 893-7794
Email: Mike.Psarakis@stpete.org