Neighborhood Stabilization Program
NSP was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment.
HUD's NSP provides emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state, certain local communities, and other organizations to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008.
There have been three rounds of funding for NSP. The Housing and Economic Recovery Act of 2008 provided a first round of formula funding to States and units of general local government, and is referred to herein as NSP1. The American Recovery and Reinvestment Act provided a second round of funds in 2009 awarded by competition, and is referred to herein as NSP2. The third round of funding, NSP3, was provided in 2010 as part of the Dodd-Frank Wall Street Reform Act and was allocated by formula..
- Notice of Substantial Amendment to the
Neighborhood Stabilization Program 1 & 3 < download file >
- 2009 April 1 - June 30 < download file >
- 2009 July 1 - September 30 < download file >
- 2009 October 1 - December 31 < download file >
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