Neighborhood Stabilization Program
The U.S. Housing and Urban Development (HUD) allocated $3.92 billion to all states and particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD's new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance through HUD's Community Development Block Grant (CDBG) Program under the Housing and Economic Recovery Act of 2008 (HERA). These targeted funds will be used to purchase foreclosed homes at a discount and to rehabilitate or redevelop them in order to respond to rising foreclosures and falling home values.
Neighborhood stabilization funds may be used for activities which include, but are not limited to:
- acquiring land and property
- demolishing or rehabilitating abandoned properties
- offering down-payment and closing-cost assistance to low- to moderate-income homebuyers
- creating "land banks" to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property
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.
Information for NSP 3- Substantial Amendment
The State of North Carolina received an allocation of $5,000,000 in the newly-authorized third round of the Neighborhood Stabilization Program (NSP3), which was provided under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). This substantial amendment outlines the expected distribution and use of the state’s allocation. The public comment period has expired on the amended action plan. Contact Iris Payne for more information at email@example.com.
NSP 1 Announcements and Past Grantees
RALEIGH, March 18, 2009 – Gov. Bev Perdue announced that 20 local governments, nonprofits and other organizations have received grant awards totaling $48.85 million under the new federal Neighborhood Stabilization Program by the U.S. Department of Housing and Urban Development. The program’s purpose is to assist those areas hit hardest by the housing crisis.
States were required to identify areas of greatest need based on the number of foreclosure starts and other housing-related statistics from state and national sources. In North Carolina, areas in 23 counties met the “greatest need” criteria: Alamance, Brunswick, Buncombe, Cabarrus, Catawba, Cumberland, Dare, Davidson, Durham, Edgecombe, Forsyth, Gaston, Guilford, Iredell, Johnston, Mecklenburg, New Hanover, Pitt, Randolph, Rowan, Union, Vance and Wake.
The NSP-1 grantees
include: the cities of Charlotte, Durham, Gastonia, Greensboro, High Point, Lexington, Raleigh, and Rocky Mount; Wake and Vance counties; Forsyth County & City of Winston-Salem; the Housing Authorities of Charlotte and Greensboro; Habitat for Humanity of Forsyth County and Greater Greensboro; NC Community Development Initiative Capital, Inc.; NC Housing Finance Agency; Passage Home, Inc.; Center for Community Self-Help; and Saint Augustine’s University.
The NSP-3 grantees
include: the cities of Durham, Gastonia, Raleigh and Rocky Mount; Builders of Hope, Inc.; and Passage Home, Inc.
Grantee Forms and Compliance Plans
For financial management documents go here. For requisitions not listed please contact firstname.lastname@example.org.
Each grantee is required to have a Language Access Plan. Should grantees have any questions on how to complete the template or questions about complying with limited English proficiency, please contact your Grants Representative or email@example.com
. For any forms or templates not listed, please contact firstname.lastname@example.org
NSP Closeout Forms
NSP 2012 Closeout Procedure
NSP Program Manual
Language Access Plan
HUD 60002 Form
For Environmental Review Record templates, please contact email@example.com
. Sample public notices for Release of Funds are below.
for Local Governments
Notice for Local Governments
Notice for Non-Profits
Comment Period Calculator
HUD form 7015.15
(Request for Release of Funds and Environmental Certification) Revised 3/2012
For additional environmental guidance and sample forms, please visit the CDBG Environmental Review Process webpage.
4th Quarter 2012 - NSP3
4th Quarter 2012 - NSP1
3rd Quarter 2012 - NSP3
3rd Quarter 2012 - NSP1
2nd Quarter 2012 - NSP3
2nd Quarter 2012 - NSP1
1st Quarter 2012 - NSP3
1st Quarter 2012 - NSP1
4th Quarter 2011
3rd Quarter 2011
2nd Quarter 2011
1st Quarter 2011
4th Quarter 2010
3rd Quarter 2010
2nd Quarter 2010
1st Quarter 2010
4th Quarter 2009
Program Contacts for the NSP Program:
Programs and Compliance Section Chief
919-571-4900 ext. 249
NSP Program Specialist
919-571-4900 ext. 246