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 or has under contract to acquire a total of 114 houses [and] real estate agents have sold or have under contract to sell a total of 32 houses.” Some neighborhoods that have already benefited are: Forest Park, Jonesboro, Lovejoy, Rex, and Riverdale.
HUD has complimented NSP on its marketing techniques, such as the block parties which showcase homes for sale, as a model for similar programs. Additionally, the NSP will be recognized at the Sept. 7 Board of Commissioners meeting for their efforts, and expect to have another sales event in the fall.
There are a lot of great things going on countywide that will bring future growth and economic development to Clayton in different areas. Do you know anyone who has relocated here through this program? As a resident, what would you brag on to get folks to consider Clayton and relocate here?
Looking for some fun stuff to do in Clayton this Labor Day weekend? Celebrate at The Beach September 4-6, with musical entertainment and fireworks on Sept. 4.