Neighborhood Stabilization Program I (NSP I)
Office of Affordable Housing
Program | Georgia Program Description | Related Links
General Program Description
HUD’s Neighborhood Stabilization Program 1 (NSP1) was enacted under the Housing and Economic Recovery Act of 2008 (HERA) to provide 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. NSP provides grants to every state and certain local communities to purchase foreclosed or abandoned residential properties and to rehabilitate, resell, or redevelop these properties in order to stabilize neighborhoods and stem the decline of neighborhood values. GHFA, as a subrecipient under the DCA Substantial Amendment, received over $19,561,362 in NSP1 funds, $8,496,869 of which was awarded to four OAH LIHTC projects.
DCA Neighborhood Stabilization Program main page
Federal Guidance
HUD Guide to Neighborhood Stabilization Program (NSP) Eligible Uses
HUD Explanation of Property Types under Each Eligible Use, dated February 12, 2009
NSP Substantial Amendment (DCA), February 2, 2009
Related Links
USDOL Employment Standards Administration Wage and Labor Division
OAH Funding Round Web Pages
Neighborhood Stabilization Program
Recovery Zone Economic Development Bonds
Contact Information
Email for Recovery Questions.
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
