The Clayton County Neighborhood Stabilization Program is not only helping to stabilize Clayton’s neighborhoods by offering incentives to working families to relocate here, but is also being recognized for efforts in the process.
The NSP targets public safety officers, educators, military personnel (active, veterans and surviving military spouses), and health care workers to buy foreclosed homes. You don’t have to be a first time home buyer to qualify, but Clayton employees would receive the bulk of federal aid at $20,000, and others who qualify could receive up to $5,000.
All a purchaser would need is a stable income, limited debt, decent credit, eligible income by family size, at least $500 towards the purchase, and a desire to be a homeowner who is willing to live in the house for 5-10 years. Given the effect that property rentals have had on Clayton neighborhoods, the owner-occupied requirement is definitely a plus.
According to Manager Micki Williams, “NSP has acquired