|HENRY COUNTY, GA- November 22, 2019—The Henry County Board of Commissioners approved a resolution to amend action plans for the Neighborhood Stabilization Program (NSP) that is awarded by the Georgia Department of Community Affairs. The action came at the November 19 Commission meeting.|
Community Development Director Shannon Sagnot explained that NSP assistance is utilized for the acquisition, rehabilitation and disposition of single-family foreclosed or abandoned residential properties for the benefit of low to moderate income homebuyers.
Stated in the resolution, NSP I’s action plan dates back to January 2009 and included the following eligible uses: NSP funding for financing mechanisms for the purchase and redevelopment of foreclosed homes and residential properties; NSP funding for the purchase and rehabilitation of homes and residential properties that have been abandoned or foreclosed, in order to sell, rent or redevelop; and NSP funding for the demolition of blighted structures. NSP III’s action plan dates back to April 2011 which includes the first two eligible uses listed above.
Both amended plans call for the use of NSP funding for the redevelopment of demolished or vacant properties and NSP III’s action plan also includes NSP funding for the demolition of blighted structures.
In Sagnot’s presentation, she also mentioned that the county has purchased 333 single-family units through the NSP program and noted that all of the homes have been sold.
“It is our hope that with the inclusion of these two eligible uses, we can continue our efforts with the Neighborhood Stabilization Program,” said Sagnot.
In related news, the Board awarded a contract to M-Con Company for the rehabilitation of a single-family home in the amount of $78,167. This property was acquired through NSP and is the first NSP home to be purchased since 2015.
For more information on the Community Development Block Grant Department, visit henrycounty-ga.com.