City of Riverside NSP
                  Neighborhood Stabilization Program
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Do I Qualify?
Down Payment Asssistance Programs
First Time Home Buyer Class Info

In July 2008, Congress approved the Housing and Economic Recovery Act (HERA) of 2008, which included $3.9 billion to create the Neighborhood Stabilization Program (NSP). The NSP Program is an initiative to assist states, counties, and cities with the absorption of distressed foreclosed housing units and prevent further neighborhood deterioration. On November 4, 2008, the City adopted an NSP Implementation Plan to describe the city's effort in addressing the foreclosure issue within the community.

The City's NSP Program funds the acquisitions of vacant and foreclosed homes (1-4 units) in need of rehabilitation. Offers the rehabilitated residences for sale, lease, or rent to own to income-eligible households.   

The City's NSP Program targets first time home buyers,  defined as not having own and real property in the last three years.