• Address: 10200 East Freeway, Suite 120, Houston, TX 77029 (map)
• Date Posted: 10/25/09

Introducing Harris County's Neighborhood Stabilization Program

Harris County’s Neighborhood Stabilization Program will fund projects that create homeownership opportunities and stabilize neighborhoods through the acquisition and rehabilitation of foreclosed and vacant properties across the Harris County area. The unique program will allow qualified buyers, with the assistance of their real estate agents, to identify foreclosed homes in which they would like to reside. Community Services would then buy those properties and resell them to applicants at up to 30% below the purchase price. Please call 832-258-5444.

Eligible homes in Harris County must be located within one of the approved 22 zip code areas.

77014,77050,77530,77015,77066,77536,77536,77029,77067,77547,77037,77073,77562,77038,770923,77571,77039,77338,77587,77044,77396,77049,77521.

Assistance with HCCSD approved home repairs up to $10,000 may also be available under NSP.

Property Criteria

Must be foreclosed and vacant
Must be no older than 12 years old in age
Purchase price can not exceed FHA 203(b) limits
Home repairs must not exceed $10,000.00
Seller must be willing to sell property at a discount of at least 1% off the appraised value not to exceed the listed price
Buyer Criteria

Must have completed an 8 hour HUD approved certified homebuyer class
Must be mortgage pre-qualified for fixed rate loan by one of the CSD approved lenders
Must be U.S. citizen or a Permanent Resident Alien (documentation required)
Must have at least one credit score that is a 620
Must not have owned another home in the U.S. within the last 3 years (except a mobile home)
Mortgage payment to gross monthly income cannot exceed 30% and total
monthly debt cannot exceed 42%
Income cannot exceed 120% of Area Median Income
Must reside in home as primary residence for the term of affordability period


Darryle Green
Harris County Participating Real Estate Agent
713-453-4381 (Office) 832-258-5444( Cell)