Neighborhood Stabilization Program

Neighborhood Stabilization Program Target Areas

HUD's Neighborhood Stabilization Program (NSP) provides targeted emergency assistance to State and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.

The NSP provides grants to every State and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008.

Welcome to NSP Training
Establishing the Context: Eligible Uses, Eligible Activities
Eligible Properties, Income Rules, Pre-Acquisition Considerations
Post-Acquisition Considerations, Financing Issues, Q & A
Program Administration
Land Banking and Demolition
Disaster Recovery Grant Reporting (DRGR) System
NSP Hot Topics and Resources on the Web

HUD policy does not allow bids for choice-limiting actions (such as construction, demolition, etc.) before the environmental review is complete.