Rockdale County: NSP Awarded More Than 600k


ROCKDALE COUNTY

PRESS RELEASE

For Immediate Release: Contact: Erica Fatima

Thursday, September 16, 2010 (770) 278.7056

Rockdale County Neighborhood Stabilization Program Awarded More Than Six Hundred Thousand Dollars in Additional Funding

CONYERS— The Rockdale County Neighborhood Stabilization Program (NSP) was recently awarded an additional $636,500.00 in program funds from the Georgia Department of Community Affairs. Rockdale’s NSP continues to reach benchmarks, as it successfully assists persons fulfill their dream of homeownership in Rockdale County.

NSP’s high-impact efforts within the Rockdale community received the highest recognition possible from the Georgia Department of Community Affairs by being awarded additional program funding. The new budget for the NSP now stands at over $3.4 million dollars and over one million dollars generated from home sales. The increased funding will enable the program to assist more than 25 percent more homebuyers in their pursuit to homeownership.

“The NSP project works,” Rockdale County Commission Chairman and CEO Richard A. Oden said. “We are building stronger communities and thriving families; Rockdale is turning the tide toward economic success and we’re doing it one new homeowner at a time. I am so proud of this program’s success.”

Additionally, Rockdale NSP employs more than fifty-five people monthly. Sixty percent of the total employed is local businesses and/or professionals.

“A feeling of exuberance overcame me when we received the notice from DCA, recognizing Rockdale NSP as a continuously progressing entity whose tenacious efforts had been rewarded with more program funding,” stated Rockdale County’s NSP Coordinator, Tanesha Lanier. “The fact that they would consider Rockdale’s NSP for additional funding so close to the September 5th obligation deadline was a thrilling challenge I was certain we could meet (Rockdale NSP had to fully obligate the additional 630 thousand dollars within a week’s time.) The pressure was very intense but through the relentless efforts of the Rockdale NSP team, the funds were fully obligated with three days to spare,” Lanier said.

Rockdale County’s NSP assists in anchoring communities by acquiring and rehabbing multiple homes within the same neighborhood, and works with potential and financially qualified homebuyers to purchase the homes. NSP has acquired fifteen homes: nine homes successfully closed, four under contract and two currently available. There are also and 11 pre-sales available for sale. Rockdale NSP has interest in a total of twenty-six homes throughout the County. One hundred percent of the $3.4 million dollars in NSP grant funds have been obligated (program funds reserved for existing/binding contracts).

Rockdale NSP hosts free, easily accessible homebuyer seminars, education classes, and real estate agent’s continuing education classes to persons interested in the Neighborhood Stabilization Program. Rockdale County NSP will offer eligible homebuyers up to $14,500 in homebuyer assistance. The program is available to financially qualified borrowers who complete the Rockdale NSP eligibility application, and complete required HUD certified homeownership education and counseling.

For more information on Rockdale’s NSP, please contact NSP Coordinator Tanesha Lanier at tanesha.lanier or 770-278-7141. For eligibility details, an application and a listing of available homes, visit the Rockdale County website at www.rockdalecounty.org.

Rockdale County Is A Perfectly Positioned Community With A Rock-Solid Approach Dedicated To Excellence In Customer Service, Quality Of Life, And Global Economic Development. ###

Erica Fatima

Director of Public Affairs and Media Relations

Rockdale County

Office: 770.278.7056

Cell: 770.712.0544

E-mail: erica.fatima

nsp receives over 600k in additional funding 2010 (2).pdf

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