Neighborhood Stabilization Programs 1 and 2

• Homeownership Opportunity

YES Housing, Inc. has a not-for-profit affiliate, YES NSP, LLC, which was created to develop affordable single family housing for low and moderate income households in New Mexico. YES Housing, Inc. has developed hundreds of affordable housing units serving very low to moderate income households as well as housing for the elderly and disabled.

YES NSP purchases foreclosed, vacant houses in Sandoval, Valencia, Eddy, Chaves, Lea and Bernalillo (unincorporated city) counties and rehabilitates them. They are brought up to building codes and made energy efficient. These houses are then sold to households with incomes below 120% of the area median income. The outcome is to provide decent, safe, energy efficient houses to first time buyers, the stabilizization of neighborhoods and an increase in the value of neighboring homes.

• Eligibility Criteria: An Applicant must

  • Occupy the residence as their primary residence

  • Complete HUD certified home buyer education and be able to secure a standard mortgage from a mortgage lender approved by the Mortgage Finance Authority

  • Be income eligible: gross annual income cannot exceed 120% of the area median income

  • Adhere to all other applicable program guidelines

See homes available for purchase under Our Properties, NSP Homes for Sale.

To view available homes contact any Multiple Listing Service Realtor.

• NSP2

For additional information on the NSP2 program please go to http://www.cplc.org/nsp2.