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Neighborhood Stabilization Program (NSP)


      NSP PROGRAM LINKS
CPD Income Eligibility Calculator
NSP Implementation Handbook 
NSP Household Income Limits
NSP Rent Limits
State Rehab Standards
MBE/WBE Business Listings
MBE/WBE Semi-Annual Report 
The Neighborhood Stabilization Program provides assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.  

NSP1 was authorized under Title III of the Housing and Economic Recovery Act of 2008. HUD is treating Neighborhood Stabilization Program funds as a special allocation of Fiscal Year (FY) 2008 CDBG funding. Neighborhood Stabilization funds can be used to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of property values of neighboring homes.

NSP3 funds are the third round of neighborhood stabilization grants the Federal Department of Housing and Urban Development (HUD) is making available to all states and select units of local government. NSP3 funds are authorized under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010. HUD has allocated NSP3 funds on a formula basis. All states, including Wisconsin, received a minimum allotment of $5 million of NSP3 funds. HUD is requiring that these funds be targeted to communities with the most severe neighborhood problems associated with the foreclosure crisis.
NSP1
44 applicants submitted proposals for $108 million in funding under the NSP1 program they include: Local units of government, including CDBG Entitlements and HOME Participating Jurisdictions;Federally-recognized American Indian tribe or band in the state of Wisconsin;Nonprofit corporations organized under Chapter 181;Housing Authorities.Eligible applicants will have experience in property acquisition and/or rehabilitation/redevelopment utilizing federal funding.

NSP3
Eligible applicants for NSP3 funds are current NSP1 sub-grantees with census tracts that have a foreclosure risk scores of 13 or more.


ELIGIBLE ACTIVITIES

NSP1
All activities funded under the NSP1 program must be CDBG-eligible and must meet the CDBG low-moderate-middle income national objective. Certain CDBG rules have been superseded to allow the eligible uses described under the Housing and Economic Recovery Act (HERA). This provision redefines and supersedes the definition of "low- and moderate-income" effectively allowing households with incomes up to 120% CMI (middle income) to qualify.

The categories of eligible activities include:

  • Applicant purchase and rehabilitation of homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties for eligible households;
  • Direct down payment/gap financing assistance to eligible homebuyers purchasing a foreclosed property;
  • Establishment of land banks for foreclosed homes in neighborhoods where property stabilization is required;
  • Demolition of blighted structures;
  • Redevelopment of sites;Delivery costs, including: establishing financing mechanisms for purchase and redevelopment of eligible properties.

NSP3
Eligible Activities are the same as NSP1, with the exception of Activity E Redevelopment which for NSP3 must be for housing only. Additional information can be found on the:

HUD NSP3 website
NSP3 Data/mapping website


GENERAL PROGRAM INFORMATION
 
NSP 1 NSP 3
Substantial Amendment
Award Summary
Incentive & Recouped Awards 
Timeline
Substantial Amendment
Award Summary
Timeline

NSP QUARTERLY PROGRESS REPORTS (QPR)

NSP1 NSP3

April 1 - June 30, 2009
July 1 - September 30, 2009
October 1 - December 31, 2009
January 1 - March 31, 2010
April 1 - June 30, 2010
July 1 - September 30, 2010
October 1 - December 31, 2010
January 1 - March 31, 2011
April 1 - June 30, 2011
July 1 - September 30, 2011
October 1 -December 31, 2011
January 1 - March 31, 2012
April 1 - June 30, 2012
July 1 - September 30, 2012
October 1 -December 31, 2012
January 1 -March 31, 2013
April 1 -June 30, 2013
July 1- September 30, 2013
October 1 - December 31, 2013
January 1 - March 31, 2014
April 1 - June 30, 2014
July 1 - September 30, 2014
October 1 - December 31, 2014
January 1 - March 31, 2015
April 1 - June 30, 2015 
July 1 - September 30, 2015 
October 1 - December 31, 2015 
January 1 - March 31, 2016
April 1 - June 30, 2016
July 1 - September 30, 2016
October 1, December 31, 2016 
January 1 - March 31, 2017

April 1 - June 30, 2011
July 1 - September 30, 2011
October 1 -December 31, 2011
January 1 - March 31, 2012
April 1 - June 30, 2012
July 1 - September 30, 2012
October 1 -December 31, 2012
January 1 -March 31, 2013
April 1- June 30, 2013
July 1 -September 30, 2013
October 1 - December 31, 2013
January 1 - March 31, 2014
April 1 - June 30, 2014   
July 1 - September 30, 2014
October 1 - December 31, 2014
January 1 - March 31, 2015
April 1 - June 30, 2015 
July 1 - September 30, 2015 
October 1, December 31, 2015 
January 1 - March 31, 2016
April 1 - June 30, 2016
July 1 - September 30, 2016
October 1, December 31, 2016 
January 1 - March 31, 2017


DOCUMENTS & FORMS

Webinar Presentation Calculating Program Income & Successful Marketing Strategies November 9, 2011
Green Building with NSP 

ACTIVITY FORMS REPORTS & CHECKLISTS
Activity Set-up
Request for Payment
Completion Report
Completion Report Instructions 

Quarterly Report Form
Quarterly Report Instructions
Program Files Checklist
Acquisition Summary Checklist
HUD Housing Quality Standards Inspection Form
Section 3 Report
Fair Housing Report
Annual Reporting Form

 


ENVIRONMENTAL REVIEW FORMS