The Housing Economic and Recovery Act of 2008 provided $3.9 billion nationwide for the Neighborhood Stabilization Program (NSP), which provided funds to state and local governments to purchase abandoned and foreclosed homes and residential property.
The goal was to stabilize falling home prices and rejuvenate neighborhoods and communities that were hardest hit by the foreclosure crisis. The 2008 funding became known as “NSP1;” the $1.9 billion provided under the American Reinvestment and Recovery Act of 2009 (ARRA) was known as “NSP2;” and “NSP3,” established as part of Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), provided additional assistance for the redevelopment of abandoned and foreclosed homes with an emphasis on rental activities.
NSP1: Tiers 1 & 2 – Emergency Assistance for Redevelopment of Abandoned & Foreclosed Residential Properties
The NSP1 Tiers 1 & 2 Notice of Funding Availability (NOFA) is available for information purposes.
- Spanish Public Notice for Comment – Neighborhood Stabilization Program 2019 (PDF)
- Public Notice for Comment - Neighborhood Stabilization Program – 2019 (PDF)
- Neighborhood Stabilization Program - Action Plan Substantial Amendment – 2019 (PDF)
NSP1: Tiers 1 & 2 – Guidance Documents
- NSP "Contiguous”: For purposes of the California Department Housing and Community Development's (HCD’s) Neighborhood Stabilization Program (NSP), "contiguous" jurisdictions represent jurisdictions that are located within the boundaries of the same county.
NSP1: Tier 3 - Affordable Rental Housing Component
At least 25 percent of the total NSP1 allocation was required to be provided to households at or below the 50 percent Area Median Income (AMI) level for the area. To accomplish this, HCD provided an NSP1-Affordable Rental Housing Notice of Funding Availability for the redevelopment or rehabilitation of multi-family rental projects that had been foreclosed upon.