The City of Surprise is submitting an application for approximately $5 million from the federal Neighborhood Stabilization Program 2 (NSP2).

This money can be used to purchase, rehabilitate and sell foreclosed homes, and provide some home buyer assistance, in Special Planning Area 1 (SPA 1). This portion of the city was selected by the federal government, based on foreclosure levels and other criteria.

We are currently taking names to compile a wait list for a future Surprise Home Buyer’s Assistance Program, that will be funded through the federal NSP fund.

The city will use the money to buy a minimum of 100 foreclosed homes, refurbish them and then resell them to qualified home buyers.

This is an income-qualified program and includes a wide-range of income levels. For example a single person earning $53,950 a year would be eligible, as would a family of four earning $77,050 annually.

The program is offered on a first-come-first served basis and the process will take several months to complete. Interested parties are asked to call 623.222.3239 or email  for additional information.

You can review the city’s overall Neighborhood Stabilization Program by reading the 2008-2009 Substantially Amended Action Plan.

Other information:
Read Title III of the Housing and Economic Recovery Act of 2008