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.
Meeting of the DADCo Committee
This is the last business day for donors to pay their pledges for 2013
CDBG grantees must submit their semi-annual reports to CDFA by close of business this day.
CDBG applications for Housing and Public Facilities grants are due by close of business this day.
The Community Development Finance Authority (CDFA) is conducting two Application Writing Workshops for its Tax Credit Program.