- Post 02 July 2012
- By Special to the Daily World
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By Special to the Daily World
Fulton County residents with dreams of owning a home attended a "Do You Dream of Owning Your Own Home?" information session on Tuesday, June 26, where future homebuyers learned more about all eligibility requirements of the Home Ownership Program (HOP) and the Neighborhood Stabilization Program (NSP). The workshop hosted by the Department of Housing and Human Services Office of Housing and Community Development was held at the South Fulton Service Center in College Park.
The Fulton County HOP program serves income-eligible, first-time homebuyers or people who have not purchased a home in the past three years. HOP provides a deferred payment loan toward the required 1st mortgage down payment for homebuyer owner occupants. The assistance is used for eligible homes located in Fulton County that are outside the city limits of Atlanta, Sandy Springs, Johns Creek, and the City of Roswell. HOP applicants must work with an approved HOP Participating Lender and pay a $35 non-refundable program application fee. Funds are reserved on a first-come, first-served basis, and all HOP borrowers must complete a pre-purchase Homeownership Counseling Workshop or individual counseling.
Post-purchase counseling is also required within 12 months after a home purchase. Housing counseling activities must be facilitated by a HUD-approved counseling agency.
The Fulton County NSP Homeownership Program also provides an opportunity for homeownership for eligible low-moderate income residents that purchase NSP designated homes in Fulton County, that are outside the municipal city limits of Atlanta, Sandy Springs, and Johns Creek. Homebuyers must select a participating NSP lender and comply with all program requirements. The program will assist approved homebuyers with up to $25,000 in the form of a deferred payment soft second mortgage loan. All NSP borrowers must complete a pre-purchase Homeownership Counseling Course by a HUD approved Homeownership-Counselor. Post purchase counseling is encouraged but not mandatory.
To find out more about the program, citizens can call Kim Benjamin at 404-612-8077 or DaTonya Lewis 404-612-8060, or contact the Department of Housing and Human Services at 404-613-7944.