Homes available for purchase

We are no longer accepting applications for this program.

Every NSP2 home for sale includes a $5,000 cash grant to be used for closing costs and a $15,000 interest free forgivable loan. Applicants may also qualify for a WISH grant, which could provide up to an additional $15,000 forgivable loan. Visit Nevada Rural Housing Authority's webpage or the local office of Charles Schwab Bank for more information.

Applicants can also purchase a Mortgage Credit Certificate through the Home At Last MCC Program offered by Nevada Rural Housing Authority.

Each home has had extensive rehabilitation work performed and xeriscaped landscaping has been installed to reduce water usage. The homes are all energy efficient and well insulated. Each home will be sold at the lower of our cost or a current HUD-approved appraisal.

Waiting List Procedure

When an applicant for either a home purchase or lease to own property has been approved, they will be contacted via phone and mail using the information provided on their application. A list of approved applicants will be maintained based upon the date they were approved. If two or more are approved on the same day, they will be placed on the list based upon the date their application was submitted.

As new properties become available, applicants will be contacted in the order they appear on the list. It will then become their responsibility to decide whether they are interested in the home or not. Home purchase offers will be reviewed in the order they are received.

Potential homeowners must have income between 50% and 120% of the Area Median Income (AMI). The AMI chart for Washoe County is as follows (FY 2013 Income Limits):

Area Median Income (AMI) (FY 2013 Income Limits)

© 2012 Housing Authority of the City of Reno