Neighborhood Stabilization Program (NSP)
This program provides funding to communities to combat the housing crisis caused by foreclosures and problematic mortgage lending, enabling them to revitalize neighborhoods and support affected residents.
Description
Grants to communities to address the housing foreclosure crisis created by subprime and other problematic mortgage lending. This program is authorized under the federal Community Development Block Grant (CDBG) Program. See “Where to Apply” below.
Financial Info:
Competitive Program – there will be no cap on the amount of funds that can be requested. Applicants are asked to base their request on what is necessary to complete the proposed project given other sources of funds and the ability to complete the project within 18 months of a contract award.