Here is what I came up with I haven't worked with either program
Neighborhood Stabilization Program
Houses range in price currently from a low of $130,000 to $280,000 and may not exceed $325,000;
Affordability Restrictions apply for up to 15 years, depending upon the amount of funds invested and/or lent to the property ;
Downpayment of 2% is required as well as recurring costs at close such as insurance and property taxes.
Downpayment assistance up to $50,000 and closing costs up to $4,000 will be provided based upon need.
Homebuyers will need to use their home as their principle place of residence;
I believe the program is to help out individvuals and put them into a neighborhood that is more stable at an afforadable price.
Call to find out more information
Ph:831-424-9186 There are income limits that you need to quailfy with
The other program is for lower income limits, people with disabilities and and people who need to fix their homes. If your looking to purchase and you qualify for the Neighborhood Stabilization program it is the way to go. in my opinion.