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 Executive Committee will meet on Monday
Applications for communities interested in CDBG planning grants must be submitted by close of business today.
CDFA and its partners will hold hearings to determine what should be included in the state's Five-year Consolidated Plan for HUD
HUD & NHHFA will hold a free training on Section 3 and Fair Housing Accessibility requirments
This is the required workshop for CDBG awardees to learn how to manage their grants