Neighborhood Stabilization Program
The 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.
The CDAC will consider the applications for the first round of Housing and Public Facilities grants.
The Board of Directors of CDFA will hold its monthly meeting
Applications for organizations invited to apply for CDFA tax credits must be submitted by close of business today.
Applications for communities interested in CDBG planning grants must be submitted by close of business today.
This is the required workshop for CDBG awardees to learn how to manage their grants