Neighborhood Stabilization Program
    The City of Cape Girardeau has been approved for a grant of $648,000.00 for acquisition, rehabilitation and resale of foreclosed homes
    to income-qualified persons.  The City of Cape Girardeau and 4-Sight Counseling, Inc. have partnered to provide home ownership
    opportunities for families and individuals in Cape Girardeau, Missouri. This is a part of the federally funded program known as the
    Neighborhood Stabilization Program (NSP). The purpose of the neighborhood stabilization program is to take previously foreclosed
    homes and get families and individuals into them. This allows an opportunity for people who may not otherwise qualify to own a home
    and will also take a foreclosed home and get it occupied and owned to help improve the community and the neighborhood.

    4-Sight Counseling, Inc. is the only comprehensive HUD approved housing counseling agency south of St. Louis and provides a
    myriad of services for homeownership, improving credit scores, developing and implementing spending plans to help clients be
    successful in their home ownership venture.

    People interested in being considered for this home ownership program must be willing to participate in financial counseling, home
    buyer education classes and work with the counselors to improve credit. The Home Buyer Education class is an 8 hour class offered on
    various Saturdays in the month. The class goes over all of the aspects of homeownership. Our next class will be held October 30, 2010
    in Cape Girardeau. There will also be a class scheduled for November 13, 2010 in Poplar Bluff, MO. For more information please contact
    Audrey Franklin at (573) 334-7995.

    Through this grant we are able to identify homes, rehabilitate them and get them back to being owned. This program also assists with
    closing costs and down payment. Individuals for the program can be from anywhere, but the specific homes have been identified by
    HUD in a target area of Cape.

    For an application for the program, contact 4-Sight Counseling, Inc at 937 Broadway Suite 305, Cape Girardeau, MO. 573-334-7995.
    The area is bounded by Park Drive and Washington Avenue on the south, Sprigg Street on the west, Bertling Street and East Cape
    Rock Drive on the north and the Mississippi River on the east. The new boundaries stretch as far as Highway 177, the Shawnee
    Parkway and Kingshighway.
VIEW AVAILABLE HOMES
MAP
Income Guidelines
    HUD has defined the following income guidelines Cape Girardeau County for this program as follows:




















    * This illustration shows – the HUD rule for income guidelines goes up to 8 person families.
Family Size
 
Income
Range
1
 2
 3
 4
 5
 6
 7
 8
$18,800
 $21,450
 $24,150
 $26,800
 $28,950
 $31,100
 $33,250
 $35,400
$45,000
 $51,450
 $57,900
 $64,300
 $69,450
 $74,600
 $79,750
 $84,900
Copyright 2009 4-Sight Counseling, Inc. All rights reserved.
937 Broadway
Suite 305
Cape Girardeau, MO 63701
ph: 573-334-7995
fax: 573-335-8610
4sight@prodigy.net