Toledo and Lucas County, OH have finally received $12,270,706 from the Neighborhood Stabilization Program (NSP) to purchase and rehab foreclosed homes.  The City of Toledo's Department of Neighborhoods will be working with local developers to bring the damaged homes up to code, make them free of any lead hazard and  install energy efficient appliances, insulation and windows.  And then sell them at market value which may be considerably less than the cost of the homes and the improvements.  A number of neighborhoods are targeted for this stabilization effort including East Toledo, Holland Heights, the Sleepy Hollow area and the Library Village neighborhood.  These should be very nice homes for people to buy and they aren't aren't restricted to first time buyers although income restrictions will apply.  People interested in these homes will have to have homeownership training and counseling with a qualified HUD approved housing counseling agency which is a very good thing since that a little budget counseling may make them less likely to get into financial trouble and default on their loan. 

Contact me for the growing list of these rehabbed homes.