Neighborhood Stabilization

 

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Neighborhood Stabilization Program 3 – Butte, Montana

Working with Butte Silver Bow combined city-county government, the National Affordable Housing Network is developing $2.6 million in Neighborhood Stabilization Program (NSP) 3 funds to assist Uptown Butte neighborhoods impacted by foreclosures, blight and vacancy. NSP3 is a program of the federal Department of Housing and Urban Development (HUD) and is administered in the state by the Montana Department of Commerce (MDOC). Eligible uses of the funds include acquisition, rehabilitation, or redevelopment of foreclosed, vacant, or abandoned properties; this can include in-fill construction of housing units on eligible properties in target neighborhoods.

NSP3 was created not only to rehabilitate neglected areas but to create affordable housing for individuals, with at least five homes set aside for households whose income is at or below 50 percent of area median income. Habitat for Humanity of Southwest Montana is partnering on several of the homes as part of its mission to eliminate poverty housing. All NSP3 homes are for sale to households with incomes at or below 120 percent of median income (see chart below). NSP homes combine energy efficiency and durability with home designs that reflect the historic character of the neighborhood with new design features.

All households interested in purchasing a home in Butte are encouraged to apply. Families and individuals with disabilities and veterans seeking housing are highly encouraged to apply. NAHN takes pride in creating appropriate housing for all, and strives to accommodate all program participants’ housing needs. Submit your application today!

To determine if you income qualify please see the table below:

1 People2 People3 People4 People5 People6 People7 People8 People
$50,650$57,900$65,100$72,350$78,150$83,950$89,750$95,500

Determining if you income qualify is the first step in the process of purchasing a home through the NSP program. If you have questions or would like more information we encourage you to talk with the knowledgeable staff here at NAHN.

To apply for homeownership as part of the NSP3 project or to learn more about homeownership opportunities through NAHN please follow the link below, complete and submit the program application form. Staff members will contact you to discuss existing opportunities, qualification requirements and application details.

For more information, call National Affordable Housing Network at 406-782-8579.

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