Popularity of affordable housing seminar prompts an encore

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neighborhood stabilization housing grantsFollowing the success of the launch event on June 19, the City of Long Beach will host a second informational seminar for its innovative first-time homebuyer financial assistance program. The Neighborhood Stabilization Program 2 (NSP2) informational seminar will take place this Thursday, July 15, from 6:00 to 8:00 pm at the Scottish Rite Cathedral Event Center.

“Our first launch event attracted a record turn-out, as word quickly spread about this unique program created to open doors for more homebuyers in our community,” said Dale Hutchinson, Housing Operations Officer for the City of Long Beach. “To accommodate the growing interest in NSP2, we’re hosting this second informational seminar that will connect even more first-time homebuyers to the dream of homeownership.”

This follow-up seminar will educate attendees about the many advantages of the NSP2 program, including up to $200,000 in silent second mortgage loans for qualified first-time homebuyers. Participants may also qualify for up to $40,000 in grant funding to fix code-related violations, make energy-efficiency improvements and assist with closing costs.

Participants in the Neighborhood Stabilization Program will receive financial assistance, as well as assistance in navigating the home buying process, finding reputable lenders and realtors, and locating homes for their families. Certain qualified first-time buyers may also have the opportunity to purchase move-in ready homes through Habitat for Humanity.

“This event is a great way to learn about the NSP2 Program first-hand,” said Hutchinson. “Attendees can find out information about the Program requirements and the homebuying process. They can ask questions and get answers on the spot. If you’re looking for a home, this event is the best place to start.”

The Neighborhood Stabilization Program 2 (NSP2) Informational Seminar will take place this Thursday, July 15, from 6:00 to 8:00 pm at the Scottish Rite Cathedral Event Center, 855 Elm Avenue, in Long Beach. The affordable housing event is open to all members of the community, and Spanish translation will be provided.

Residents interested in attending the NSP2 Informational Seminar are asked to RSVP at 562.570.6949.

The Community Development Department seeks to advance Long Beach and its people by proactively enhancing and maintaining housing opportunities; promoting quality neighborhoods and caring neighbors; and encouraging a strong economic base through job development and employer support. For more information, call 562.570.6841 or visit www.longbeach.gov/cd

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