Neighborhood Stabilization Program (NSP)

Lake County Neighborhood Stabilization Program (NSP)
As of the end of August 2015, the NSP program has successfully produced over 90 units of housing for low-income Lake County households. These units are located in the designated NSP target areas of Waukegan, North Chicago, Zion, Round Lake Beach and Mundelein. Rental units specifically target households that earn less than 50% of the area median income (AMI), which is equivalent to a combined income of $38,000 or less for a family of four. NSP home buyer units benefit households at or below 120% of AMI. Income earned from the sale of the homes to eligible buyers constitutes NSP Program Income. These funds are returned to the County to be re-utilized in the NSP program.
  • NSP1 sold - 54
  • NSP1 rental - 18
  • NSP3 sold - 9
  • NSP3 rental - 4
  • NSP3 demolition - the first is featured in the video link on this page
These accomplishments are thanks to our partners, the Affordable Housing Corporation of Lake County, the Lake County Residential Development Corporation and the Cities of North Chicago and Waukegan.
Who is Eligible to Buy or Rent a Home
NSP homes are to be sold or rented to income-qualified individuals and families, who will occupy the unit as their primary residence. The table illustrates the current income limits based on household size for the program.
Household Size
Maximum Annual Income
1 Person
$63,840
2 Person
$72,960
3 Person
$82,080
4 Person
$91,200
5 Person
$98,496
6 Person
$105,792
7 Person
$113,088
8 Person
$120,384
Substantial Amendment
NSP 1
This amendment to the 2008 Annual Action Plan outlines the planned use of funds for NSP 1, including a general overview of the need for assistance in Lake County.
NSP 3
This amendment to the 2010 Annual Action Plan outlines the planned use of funds for NSP 3, including a general overview of the need for assistance in Lake County.
Reports
As a recipient of funds, Lake County is required to report on its activities. These reports summarize NSP1 and NSP3 over the life of each program. New reports will be provided one month after the end of each quarter. Questions about the reports should be directed to Community Development at 847-377-2475.
    NSP1    
Year Q1 (10/1-12/31) Q2 (1/1-3/31) Q3 (4/1-6/30) Q4 (7/1-9/30)
2009/2010 N/A QPR - NSP 1 QPR - NSP 1 QPR - NSP 1
2010/2011 QPR - NSP 1 QPR - NSP 1 QPR - NSP 1 QPR - NSP 1
2011/2012 QPR - NSP 1 QPR - NSP 1    
2012/2013        
    NSP3    
Year Q1 (10/1-12/31) Q2 (1/1-3/31) Q3 (4/1-6/30) Q4 (7/1-9/30)
2010/2011 N/A N/A QPR - NSP 3 QPR - NSP 3
2011/2012 QPR - NSP 3   QPR - NSP 3  
2012/2013        
2013/2014        
Contact
For more information on the Lake County NSP, contact Community Development at 847-377-2475.