PO Box 27692
Raleigh, NC 27611
Tel: 919-755-4393

Neighborhood Stablization Program

Presentation for November 20th 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.

Overview:

HUD 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 percent of the
funds must serve people with incomes below 50 percent 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:

Alamance	Brunswick	Buncombe
Cabarrus	Catawba	Cumberland
Dare	Davidson	Durham
Edgecombe	Forsyth	Gaston
Guilford	Iredell	Johnston
Mecklenburg	New Hanover	Pitt
Randolph	Rowan	Union
Vance	Wake