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Neighborhood Stabilization Program I (NSP I)

Office of Affordable Housing

Program | Georgia Program Description | Related Links

 

General Program Description

HUD’s Neighborhood Stabilization Program 1 (NSP1) was enacted under the Housing and Economic Recovery Act of 2008 (HERA) to provide 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. NSP provides grants to every state and certain local communities to purchase foreclosed or abandoned residential properties and to rehabilitate, resell, or redevelop these properties in order to stabilize neighborhoods and stem the decline of neighborhood values. GHFA, as a subrecipient under the DCA Substantial Amendment, received over $19,561,362 in NSP1 funds, $8,496,869 of which was awarded to four OAH LIHTC projects.

 

DCA Neighborhood Stabilization Program main page

Federal Guidance

HUD NSP I Portal

HUD Guide to Neighborhood Stabilization Program (NSP) Eligible Uses

HUD Explanation of Property Types under Each Eligible Use, dated February 12, 2009

NSP Substantial Amendment (DCA), February 2, 2009

NSP FAQs

 

Related Links

Recovery.gov

HUD Recovery

Treasury Recovery

Georgia Recovery

USDOL Employment Standards Administration Wage and Labor Division

Office of Affordable Housing

OAH Funding Round Web Pages
Neighborhood Stabilization Program

Selected ARRA Projects