About the Burlington NSP Program
April 2, 2010
The City of Burlington has received funds from the federal government to purchase, rehab, and sell foreclosed or blighted homes to income-qualified persons at no profit. The City of Burlington is currently seeking qualified individuals to purchase these homes. The program is offered to those individuals making less than 120% of the Annual Median Income (AMI) for Des Moines County, while some of the properties are required to be sold to individuals making less than 50% AMI. The program requires the City of Burlington to ensure the properties affected by this program will remain affordable for low to moderate income families; therefore the City of Burlington will be placing a deed restriction on the properties for a number of years, depending on the amount of subsidy put in the home.
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