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.
Learn how your community, nonprofit can qualify for a federal Community Development Block Grant through CDFA.
The CDFA Board of Directors will hold its monthly meeting
The Community Development Advisory Committee will discuss the latest CDBG applications
The Community Development Finance Authority is conducting an Application Writing Workshops for its Tax Credit Program.
CDBG applications for the first round of 2015 Housing and Public Facilities grants are due by close of business this day.