NEIGHBORHOOD STABILIZATION PROGRAM (NSP) ACTIVITIES
The Neighborhood Stabilization Program (NSP) is a grant that is administered by the Virginia Department of Housing and Community Development (DHCD) and that is funded under the U. S. Department of Housing and Urban Development’s (HUD) Housing and Economic Recovery Act of 2008. The program was designed to stabilize existing neighborhoods because of the foreclosure crisis. Foreclosed and abandoned properties are purchased, rehabilitated and sold to low to moderate and middle-income families; these families incomes do not exceed 120% of area median income.
The Chesapeake Redevelopment and Housing Authority (CRHA) partners with the City of Chesapeake and DHCD and manages the NSP project. Currently the following NSP homes are available for sale:
3016 Sunrise Avenue
$182,080 – Contract Pending
Beds: 3 Baths: 2 Living Area: 1,638 sqft
Year Built: 1970
Beautiful Renovated Rancher located in the heart of Sunrise Hills! Updates include: new roof, new HVAC, new windows, updated kitchen with new cabinets, sink hardware, granite counter tops, ceramic tile floor & ceramic tile back-splash, and new stainless steel appliances! Property also boasts spacious Formal Living Room, Den, Eat-in Dining Area, Master Bedroom with Master Bath; all recently painted & new carpet throughout! Up to $8K CCA. Additional Financial Assistance where buyers may qualify from $10K up to $45K.
Buyers must meet income requirements. Contact listing agent for details.
2057 Allison Drive
To be listed; Buyers must meet income requirements.