September 16, 2009

Arlington Family to Close on Their First Home
City’s New Neighborhood Stabilization Program Makes It Possible

Arlington’s first vacant, foreclosed home will soon be purchased by a qualified homebuyer through the city’s new Neighborhood Stabilization Program.

The closing is scheduled for 3 p.m. today at Luna and Luna Attorney and Counselors at Law located at 816 W. Airport Freeway, Suite 301 in Hurst.

Arlington’s Neighborhood Stabilization Program provides home buyer assistance by helping qualified families realize the American dream of homeownership while stabilizing and improving neighborhoods in one of two target areas in Arlington.

The home buyer is Dan Nguyen. Thirteen more applications are currently in the approval process, according to David Zappasodi, the city’s assistant director of Community Services Department.

The Nguyen family of four had been house hunting for about four months when they heard about the City’s program through radio and newspaper articles, Zappasodi said. The Nguyen’s had been living with family in Arlington for the past few years.

“The goal of the Neighborhood Stabilization Program is to eliminate vacant, often neglected, foreclosed homes in Arlington neighborhoods, while creating homeownership opportunities for qualified households,” Zappasodi said.

Individuals interested in purchasing a home as their primary residence through the Neighborhood Stabilization Program can contact NSP Program Coordinator John Redmon at 817-276-6701 or John.Redmon@arlingtonhousing.us.

For more information about the Neighborhood Stabilization Program, including program income limits, how to apply and other valuable information, visit the City of Arlington web site at http://www.arlingtontx.gov/housing/neighborhoodstabilization.html.

Coming up: A ribbon-cutting ceremony for the Nguyen family in their new home in south Arlington will occur later this month. More details to follow.