Neighborhood Stablization Program
This initiative was concluded in 2008.
NSP OverviewHUD is providing $3.9 billion to communities that have been hit hard by the foreclosure
crisis through the Neighborhood Stabilization Program (NSP). At least 25% of the
funds must serve people with incomes below 50% of area median income. This
program offers an excellent opportunity for housing and homeless assistance providers
to create permanent housing and permanent supportive housing for people experiencing or at risk of homelessness.
Who Can Apply?
Eligible entities include entitlement cities and non-entitlement counties in target areas, non-profits, community development corporations, councils of government, public housing authorities, and public finance agencies in these counties:
Presentation for November 20th, 2008 Call for Action
View the PDF for the 11.20.08 call with NCCEH and the NC Housing Coalition.
Read about it on our blog.
HUD Resources on NSP