Neighborhood Stabilization Program

Background

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 ipayne@nccommerce.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. 


Grantees




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 tmoore@nccommerce.com.

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 compliance@nccommerce.com. For any forms or templates not listed, please contact ipayne@nccommerce.com or compliance@nccommerce.com.


NSP Closeout Forms
NSP 2012 Closeout Procedure

NSP Program Manual
Language Access Plan
HUD 60002 Form (Section 3)


Environmental Review Forms

Grantees can either utilize template samples below or HUD templates.

Non-Tiering Categorically Excluded
Non-Tiering Environmental Assessment
Tier 1 Areawide Checklist
Tier 1 Areawide Written Strategy Sample
Tier 2 Site Specific Checklist Sample
Supplemental Environmental Guide Draft 2012



Sample Release of Funds Notices

 
NOI/RROF Notice for Local Governments
NOI/RROF Notice for Non-Profits
Combined FONSI/NOI/RROF Notice for Local Governments
Combined FONSI/NOI/RROF 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.

 

Quarterly Reports

3rd Quarter 2013 - NSP3
3rd Quarter 2013 - NSP
2nd Quarter 2013 - NSP3
2nd Quarter 2013 - NSP
1st Quarter 2013 - NSP3
1st Quarter 2013 - NSP
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:

Iris Payne
Programs and Compliance Section Chief
919-571-4900 ext. 249
ipayne@nccommerce.com  

Deborah McCrae
NSP Program Specialist
919-571-4900 ext. 246
dmccrae@nccommerce.com  

 

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