The Housing and Economic Recovery Act of 2008 created the Neighborhood Stabilization Program (NSP), a program that will provide states and hard-hit cities with $3.92 billion to recover from the effects of foreclosures, abandoned properties, and declining property values. NSP funds are being provided as a one-time supplemental appropriation of the Community Development Block Grant (CDBG) program. CDBG generally allows jurisdictions to acquire and make available for either sale or rental foreclosed, abandoned, and blighted properties. The CDBG regulations were modified for this program to allow jurisdictions to do that for folks with family incomes up to 120% of Median Family Income (MFI). The regulations also stipulate that AT LEAST 25% of the dollars go toward making housing opportunities available to families and individuals at or below 50% of MFI.

To learn more about the NSP in Alabama, click here.

Update: Jefferson County's Action Plan is on the Web. To access it, click here.

Update: NSP information for Alabama (state only) can be found on ADECA's website. To access, go to www.adeca.alabama.gov, click on "Office of the Director," then "Community & Economic Development Programs," then "Neighborhood Stabilization Program".

ADECA's Action Plan is on the Web. Please note that HUD has requested that the State of Alabama use NSP funds for priority communities only. These communities are: Bessemer, Birmingham, Huntsville, Jefferson County, City of Mobile, Mobile County, and City of Montgomery. For more information, please refer to ADECA's website (see above).

To access the Action Plan, click here.

Update: The City of Birmingham's Final NSP Substantial Amendment is on the Web. To access it, click here.

To learn more about the NSP in Louisiana, click here.

If you are interested in writing an advocacy letter to your Community, Planning, and Development office, please read our sample letter.

For more information contact:

Ashley Kerr, Project Manager
ashley@collaborative-solutions.net
205-939-0411 Ext. 205
www.collaborative-solutions.net