Affordable Housing Clearinghouse (AHC) received $568,644 in National Stabilization Program (NSP) Funds to purchase real estate owned properties in Orange County. The purpose of the NSP program is to stabilize at-risk neighborhood communities from distress due to home foreclosures and neighborhood abandonment. AHC successfully rehabilitates and resells these homes in accordance to the housing quality standards as required by U.S Department of Urban Housing. After rehabilitation the properties are made available to qualified first-time homebuyers. If you are interested in this program please call us at (949) 859-9255.
The Segura family gets the keys to their first home
NSP First-Time Homebuyer Program Recipient
Properties Available
For additional information on the properties available, please contact the listing agents.
| Address | Activity | Maximum AMI (%) | BR/BA | Status | Realtor |
| NSP 1 Properties | |||||
| 26158 Hillsford Place
Lake Forest Photos Available Hillsford Flier |
Home | 120 | 2/2 | Sold | |
| 27350 Young Drive, Laguna Niguel Young Flier | Home | 120 | 1/1 | Sold | |
| 23412 Pacific Park, Unit 17G
Aliso Viejo Pacific Park Flier |
Home | 120 | 1/1 | Sold | |
| 23408 El Reposa
Aliso Viejo 92656 |
Home | 120 | 3/2 | For Sale | David Martinez(714) 396-5763 daveteam@gmail.com |
| NSP 2 Properties | |||||
| 66 LobeliaRancho Santa Margarita 92688 | Home | 120 | 3/2 | Sold | David Martinez(714) 396-5763 daveteam@gmail.com |
| 640 S. MagnoliaBrea | Home | 120 | 2/1 | Sold |
NSP I 2012 Income Limits
| Household Size | Very Low | Low | Median | Moderate |
| 50% | 80% | 100% | 120% | |
| 1 | 33,750 | 53,950 | 67,500 | 80,900 |
| 2 | 38,550 | 61,650 | 77,100 | 92,450 |
| 3 | 43,350 | 69,350 | 86,700 | 104,000 |
| 4 | 48,150 | 77,050 | 96,300 | 115,550 |
| 5 | 52,050 | 83,250 | 104,100 | 124,800 |
| 6 | 55,900 | 89,400 | 111,800 | 134,050 |
| 7 | 59,750 | 95,550 | 119,500 | 143,300 |
NSP Program Qualifications
- Applicants must be income qualified (see Income Limits)
- Minimum Homebuyer contribution: 1% of purchase price from the applicants own funds, in addition to buyer’s customary closing costs
- Maximum down payment assistance is $80K per unit or 30% of purchase price of the home
- Assistance provided is 0% interest loan forgivable after 15 years if property remains owner occupied
- Applicant must qualify with a lender for a first trust deed of 30 years – no ARM’s
- Affordability restrictions: 15 year minimum
- Property purchased must be owner occupied
- Citizenship/Residency status required
- Credit:
- No min. credit score
- No credit accounts past due at time loan is recorded
- No outstanding unpaid judgments or involuntary liens
- No bankruptcies
- Homebuyer Education: Required
- Eligible properties:
- Must be in specific census tracts (call AHC for details)
- Foreclosed properties must be vacant at least 90 days
- No tenant living in the property