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> Neighborhood Impact Program

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Neighborhood Impact Program (NIP)

NIP assists existing homeowners with incomes at or below 80% of area median income (AMI) rehabilitate their homes. The maximum subsidy per household is as follows:

  • Up to $10,000 if the member is the first lien holder of the
         mortgaged property or if homeowner is receiving 3:1
         matching funds from a government entity, forgivable or deferred
         loan from an eligible state or local home improvement loan program
         or member home equity loan
  • Up to $7,500 if no matching funds from above-listed eligible sources
  • Members may work with eligible homeowners directly or through one or more local housing organizations.

    General Program Elements

  • Eligible repairs/rehabilitation work are outlined in the guidelines provided
         under the "NIP Guidelines" link below
  • Existing homeowners with incomes at or below 80% AMI
  • Owner-occupants and must have resided in home 18 months prior to
         enrollment
  • Five year retention requirement with a prorated recapture of assistance
  • Eligible properties include single-family homes, condominiums and modular
         units (duplexes with certain restrictions)
  • Updates to the balance of funds for the Homeownership Set-aside Programs will be published weekly under the "Available Funds" link below.

    Guidelines  
    > AHP Implementation Plan (includes Homeownership Set-aside Programs)  
    > NIP Fact Sheet  
    > NIP Guidelines  
    > Forms  
    > Grant Tools  

    See "Bulletins" for updated program notices, application and award info.

    > Current Registered Members
    > Available funds

    Updated: July 3, 2014