Neighborhood Stabilization Program Information
The Neighborhood Stabilization Program (NSP) provides targeted assistance to states and local governments to acquire and redevelop foreclosed properties. Broward County Housing is the grantee for 18 cities in the amount of $17,767,589 under NSP1 and also $5,457,553 under NSP3. The primary objective of this HUD Program is the development of stable urban communities characterized by the provision of decent housing, a suitable living environment, and expanding economic opportunities for individuals/households having low, moderate and middle incomes (120% of area median income and below).
NSP accomplishes this by identifying areas of greatest need and providing grant funding
for the following eligible uses: Financing mechanisms for purchase and rehabilitation of foreclosed homes; Purchase and rehabilitation of foreclosed or abandoned homes; Land banks for foreclosed homes; Demolition of blighted structures; Redevelopment of demolished or vacant properties.
For Broward County the areas of greatest need are identified within eligible census tracks
and block groups that can best demonstrate an impact and leverage these funds to the greatest extent possible. For a breakdown of the specific activities being undertaken by Broward County see the Broward County NSP1 Action Plan and NSP3 Grant Plan.
For additional information about the NSP program, please contact: Terri Schuler, Special Projects Coordinator III at (954) 357-4941.
|Neighborhood Stabilization Program 1 (NSP1)
||Neighborhood Stabilization Program 3 (NSP3)
January 1, 2014 - March 31, 2014|
Public Notices 2014:
NSP1 and NSP3 Document Archive
to access the Neighborhood Stabilization Program Public Notice and Quarterly Performance Reports dating back to 2009.
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