Right Column
Neighborhood Stabilization Program (NSP)
- Updated NSP1 Website Postings
- NSP1 Action Plan
- NSP1 NOFA
- NSP1 Application
- NSP Tier 1 & 2 Workshop Schedule
- NSP1 Workshop Presentation
- Pre-NSP1 NOFA Information
- Fact Sheet
- Schedule
- Stakeholder Meetings
- Notice of Changes to NSP Allocation Methodology
- NSP1 Guidance Documents
- NSP Program Income Reuse Plan
- Environmental Review Guidance
- NSP Homebuyer Assistance Guidelines
- NSP Housing Rehab Guidelines-No NSP funds for Acquisition
- NSP Housing Rehab Guidelines-With NSP funds for Acquisition
- CDBG Grant Management Manual Chapter 2 Program Operators
- NSP Appraisals Guidance-Voluntary Acquisition
- Sample Subrecipient Agreement
- Sample Subrecipient Agreement Checklist
- Sample Form NSP Voluntary Acquisition
- Sample Form NSP Voluntary Acquisition-Eminent Domain
- NSP Public Information File Checklist
- Citizen Participation
- JPA Guidance
- JPA Checklist Table
- NSP Contiguous
- Data Sources
- Contact Us
The Housing Economic and Recovery Act of 2008 provided $3.9 billion nationwide for the Neighborhood Stabilization Program (NSP), which will provide funds to state and local governments to purchase abandoned and foreclosed homes and residential property. This money will rejuvenate neighborhoods and communities that are hardest hit by the foreclosure crisis. Consistent with the existing program administered by HCD and local governments, this funding allows localities to renovate and rehabilitate those homes, eliminate blight and reinvigorate and stabilize the affected neighborhoods. The funds can be used to:
- Purchase and rehabilitate homes to sell, rent or redevelop
- Create land banks for homes that have been foreclosed upon
- Demolish blighted structures
- Redevelop demolished or vacant properties
- Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties
Homes that are purchased with the NSP funds must be sold or rented to low or moderate income families. The Department released the NOFA for Tier 1 and 2 allocations in the last week of April 2009. Application workshops will be conducted in the first weeks of May and applications will be accepted continuously through June 15, 2009.
The Department will provide regular updates to jurisdictions and other interested parties as information becomes available.