City Of Elyria NSP Property Of The Week

1276 EAST AVENUE – Priced at $84,000
and with a forgivable soft second mortgage, the cost of the home may be as low as $67,200.
*A family of four can earn up to $76,440 and still be eligible to purchase this home through the City of Elyria NSP Program.

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The City of Elyria received funding through the U.S. Department of Housing and Urban Development’s Housing Economic Recovery Act of 2008 Neighborhood Stabilization Program (NSP).  With this program, the City has purchased 13 homes which are being rehabilitated and sold to homebuyers.  All homes are being completely renovated and will have all new energy efficient appliances, including washer and dryer. Most homes will receive new furnaces, air conditioning units and hot water tanks.   The City will purchase a one-year home warranty for each home.  It is our fervent desire that homeowners will pay no more than 10% of their annual income for utilities.

For details and to check out all the NSP homes for sale at http://www.cityofelyria.org/department/community-development/homes-for-sale/.
If you would like additional information or have questions about the program, feel free to call Rebecca Jones at 440-326-1536.


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