Neighborhood Stabilization Program

Berlin NH was severely blighted before NSPThe problems created by foreclosures and abandoned homes are problems for the entire community. Homes left empty can fall into distress, become eyesores, and become even harder to re-sell. Neighborhoods where there are clusters of foreclosed homes see the problems multiply. Areas with a high concentration of abandoned homes can suffer from decreased property values, increased crime, and a further flight of residents which only adds to the cycle.

The Neighborhood Stabilization Program (NSP) is designed to address the effects of abandoned and foreclosed properties in certain communities and neighborhoods in order to put them back into service for the benefit of rehabilitation and extended affordability.

NSP communities work with the private sector to obtain abandoned properties and, in many cases, rehabilitate the homes and make them available to low-to-moderate income residents.

Overview
Timeline
Consumer Referral List
NSP Resources
More Information

CDFA Events
2014-07-28
The deadline for the second round of 2014 Housing & Public Facilities grant applications
2014-07-31
Tax credit grantees must submit their 12 month reports on GMS by close of business today.
2014-08-13
This workshop for new Tax Credit awardees will discuss logistics and marketing of tax credits
2014-10-31
The deadline for the second round of CDBG Planning Grants