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.
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
- 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
- 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
- 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
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