Notice of application for NSP2 funds

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Application for Neighborhood Stabilization Program 2 funds — American Reinvestment & Recovery Act of 2009

Overview

Statement of intent
Habitat for Humanity International intends to make an application for Neighborhood Stabilization Program 2 funds to the U.S. Department of Housing and Urban Development. Awarded NSP2 funds will be used in activities that will rapidly arrest the decline of targeted neighborhood(s) that have been negatively affected by abandoned, foreclosed or vacant properties. HFHI’s application will be national in scope and will utilize the services and capacity of Habitat for Humanity affiliates to complete NSP2 activities in specific communities around the country.

All NSP2 funds will be used to benefit individuals whose income does not exceed 120% of Area Median Income. At least 25% of NSP2 funds will be used for purchase and redevelopment of abandoned and foreclosed homes and residential properties to house individuals and families whose incomes do not exceed 50% of area median income.

Amount of funds
NSP2 funds will be awarded through a national competition in which eligible applicants will compete for up to $1.93 billion. HFHI will seek up to $141,089,436 nationally to create 977 units of long-term affordable owner-occupied housing in seven specific communities.

Target geography
For this proposal, HFHI has identified seven communities in which it proposes to carry out NSP2 activities. Please click the link below for specific information on HFHI’s proposed activities within each community.

Census tracts
These seven communities include the following census tracts.

To ensure that the NSP2 program focused on the most in-need communities, HUD provided two “need scores” at the census tract level: one that is based on the estimated number and percentage of foreclosures and another that combines estimated foreclosure rate with vacancy rate. HUD assigned each census tract a score from 1 to 20, with 20 being census tracts with the HUD-estimated greatest need. At a minimum, HFHI’s proposed target geography must score an average of 18 using the higher of the two indices for each census tract being targeted. The target geography listed above includes 77 census tracts with an average high neighborhood stabilization index (NSI) of 18.71.

Use of funds
The NSP2 application identifies the following program activities that will be carried out with NSP2 funds within these communities:

  • Establish financing mechanisms for purchase and redevelopment of foreclosed homes and residential properties.
  • Purchase and rehabilitate homes and residential properties that have been abandoned or foreclosed.
  • Demolish blighted structures.
  • Acquire and redevelop demolished or vacant properties as housing.
  • General administration and planning.


Public comment

  • The opportunity for public comment has closed.
  • If you have questions concerning Habitat for Humanity’s application, please email nspinfo@habitat.org.