Neighborhood Stabilization Program
The American Recovery and Reinvestment Act (ARRA), also known as the Economic Stimulus bill, was signed into law on Feb. 17, 2009 and was designed to boost the nation’s employment and the economy. The ARRA contains several substantial affordable housing provisions including low-income housing tax credit provisions, homebuyer tax credits, housing spending and tax-exempt bond provisions. From the state and local governments perspective, the one most significant programs is the Neighborhood Stabilization Program (NSP).
Created by Housing and Economic Recovery Act (HERA) in 2008, NSP was created to provide targeted emergency assistance through the Community Development Block Grant program (CDBG) to state and local governments to acquire and redevelop foreclosed and abandoned properties within their communities. In 2009, ARRA provided $2 billion in additional funding nationwide for the NSP.
FLORIDA HOUSING COALITION CONFERENCE: NSP TRACK
Join us for the Florida Housing Coalition's 23rd Annual Affordable Housing Conference and learn more about the Neighborhood Stabilization Program. Below are the 'NSP Track' workshops. In addition to the workshops, conference attendees can participate in the NSP Roundtable. Click here to learn more about the conference.
NSP: FROM OBLIGATION TO STABILIZATION
What a year its been! How have NSP funds provided home ownership and rental housing with a focus on what’s next with recovering our neighborhoods. Topics include market trends, lease purchase, program income and staying on track for year two.
NSP REGULATIONS- SECTION 3, DAVIS BACON AND URA
Not only must NSP communities jump in the foreclosure investment game, but they also must meet federal regulations as they complete and comply. Get an overview of how NSP managers are coping with meeting these regulations to the letter in both NSP1 and NSP2.
NEIGHBORHOOD STABILIZATION’S MOST POPULAR PLAYER: CODE ENFORCEMENT
From bank to buyer, REO’s are not isolated properties – they are part of neighborhoods dependent on community partnerships from code enforcement to clean up. Learn about some amazing efforts that are creating a safe and desirable place to live.
NSP2
NSP2 has left the launch pad. Florida’s allocation was the highest in the nation. Hear from NSP2 awardees about the program implementation and what’s in it for your community or organization.
Documents for 2009
- Appraisal Guidance
- NSP Eligible Uses March 2009
- NSP Q&A
- NSP Voluntary Acquisition Notice-No Eminent
- NSP Voluntary Acquisition Notice-With Eminent
- NSP FAQ
- Program Income Guidance
- Environmental Clearance Guidance
- Acquisition Relocation Requirements
- Policy Guidance
- Relocation Guidance
- Acquisition and Rehabilitation Guidance
- Homeownership Assistance Guidance
- Guidance on Eligible Uses
Department of Community Affairs NSP Funding
- Free Technical Assistance for NSP Participants
- DCA Substantial Amendment
- DCA Frequently Asked Questions
- DCA Neighborhood Stabilization Program (NSP) Rule No: 9BER09-1
- DCA Training Opportunities
- Submit Comments or Questions to DCA
NSP I
- HUD NSP 1 Web Site
- Federal Register
- NSP 1 Federal Register Bridge Notice
- NSP 1 Local Government Allocation Summary
- NSP 1 Frequently Asked Questions as of June 23, 2009
- Information on DRGR
- Environmental Clearance Guidance
- Acquisition Relocation Requirements
- Policy Guidance
- Appliances Policy for NSP
- Relocation Guidance
- Acquisition and Rehabilitation Guidance
- Homeownership Assistance Guidance
- Guidance on Eligible Uses
- NSP Resource Exchange
- Request Technical Assistance under NSP
- Ask a Question about NSP
- New Guidance on Tracking and Reporting the Use of NSP Funds: Obligations for Specific Activities
NSP 2
HUD NSP 2 Web Site
NSP 2 Awards
NSP 2 NOFA
DCA Substantial Amendment
NSP 2 Correction Program Summary
Federal Register for NOFA
NSP 2 FAQ’s as of June 30, 2009
NSP 2 FAQ's as of July 8, 2009
NSP 2 Foreclosure Needs Maps
NSP 2 Compliance Starter Guide
HUD Publishes Lead Based Paint Guidance, Applicability Form and Checklist