Farmington Hills Real Estate and Events talk Michigan

Yes Farmington Hills now is going to offer Homebuyers Assistance

Through Neighborhood Stabilization Program

 The City of Farmington Hills is now offering help to qualified people who wish to purchase vacant foreclosed houses in the City as their principal place of residence.  The program is intended to stabilize neighborhoods and provide affordable housing to those who meet the criteria.

Get the help you need to buy a Farmington Hills foreclosure.  Under the newly-established Neighborhood Stabilization Program (NSP), individuals who meet specific program guidelines can receive financial assistance to purchase vacant foreclosed houses in Farmington Hills. The program is being financed by the Michigan State Housing Development Authority (MSHDA) in an effort to address the statewide problem of foreclosed and abandoned housing.    

 Applications will be reviewed on a first-come, first-served basis.  A series of steps must be completed before an applicant is considered eligible for the program.  Interested applicants must fill out an application form and a credit report release form; meet income requirements; and complete an eight-hour Housing Counseling Assistance Program.  Those seeking to buy homes will also need to present a complete copy of their most recent federal and state income tax returns, as well as additional documentation.     

GET MORE INFORMATION. If you are interested in purchasing an abandoned or foreclosed single family residential property through the Neighborhood Stabilization Program, go to the City's website at www.fhgov.com for additional information about the program and to download the application and the credit report release form. 

MARK AND SAVE THE DATE.   An optional informational meeting will be held on Wednesday, August 12 from 6 to 7 p.m. at the Costick Center at 28600 Eleven Mile Road in Farmington Hills.  Officials from the City's Planning and Community Development Department will be available to answer questions and provide additional information about the Neighborhood Stabilization Program. To find out more about the NSP, contact Rick Lampi of the City of Farmington Hills Community Development Office at 248-871-2549 or at rlampi@fhgov.com.  

If you need some financial assistance in buying a Farmington Hills foreclosure contact the people above.  I hope you can get into a home you want.

Russ Ravary your Metro Detroit real estate agent