The city of Phoenix has kicked off their first Neighborhood Stabilization Program, "Homeownership Assistance" assisting buyers of foreclosed homes, townhouses or condominiums with $15,000 in down payment and closing cost assistance.

If you are interested in finding out how to purchase a foreclosed property using this program or if you are a real estate professional or a lender or a mortgage broker representing a foreclosed property, please visit phoenix.gov/nsphome

To see if you may be eligible for one or more program visit the Am I Eligible page. Once you have determined you may be eligible, you can choose from a list of lenders and start the process toward owning your own home.