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Neighborhood Stabilization Program (NSP) Applications
The goal of the County’s NSP program is to redevelop abandoned and foreclosed homes and residential properties as affordable housing for low- to middle-income households and stabilize neighborhoods. Snohomish County expects to award $2,198,131 to local government agencies and non-profit organizations for eligible housing activities. Five percent of the funds ($115,691) will be used to administer the program. Eligible housing activities include:
- Create financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties through soft-second loans, loan loss reserves and shared-equity loans;
- Purchase and rehabilitation of homes and residential properties that have been abandoned or foreclosed upon, in order to re-sell, rent or redevelop such homes and properties (acquisition of foreclosed properties must be at a discount from the current market-appraised value);
- Establish and operate land trusts;
- Demolish blighted structures; and
- Redevelop demolished or vacant properties (as housing).
The intended beneficiaries of the NSP funds are low- to middle-income households up to 120% of the area median income who reside in Snohomish County outside the Cities of Bothell and Everett, including tribal members and non-tribal households living on tribal land. The City of Everett will receive its own share of NSP funds from the State and the City of Bothell is part of the King County CDBG Consortium.
The following documents are available to prospective applicants:
Application Deadline: One original application, one hard copy and one electronic copy of the application need to be delivered or received by mail by 5:00 pm on Friday, June 12, 2009. Only complete applications received by this date will be considered for available funds.
To deliver applications in person, please bring them to:
Snohomish County OHHCD
2722 Colby Avenue, Mezzanine Level
Everett, WA
Enter on California Street, make an immediate left and take the elevator to the “M” for Mezzanine or
Use the Accessible Entrance – enter building at 2722 Colby Avenue. Go straight past the main elevators and turn left. Go to the end of the long hallway and take the elevator to the “M” for mezzanine.
To mail applications, please use the following address:
Snohomish County Human Services
Attn: OHHCD
3000 Rockefeller Avenue, M/S 305
Everett, WA 98201
If you have questions or require printed copies of these documents, please contact:
Jacqueline Toma, Senior Grants Analyst at 425-388-3259 or jacqueline.toma@co.snohomish.wa.us