Neighborhood Stabilization Program 2 -- Habitat for Humanity Int'l 1
Neighborhood Stabilization Program 2
Introduction:
Habitat for Humanity International’s involvement with the Neighborhood Stabilization Program began in May 2009. The U.S. Department of Housing and Urban Development had released its Notice of Funding Availability for the second round of the program, NSP2 for short, which opened the application process to nonprofits.
Congress had authorized the initial round of Neighborhood Stabilization Program funds, NSP1, in 2008 for states and municipalities only. The housing market had collapsed, and neighborhoods all across the U.S. were declining rapidly as the number of foreclosed or abandoned homes rose dramatically. Stabilizing these neighborhoods is the primary purpose of the Neighborhood Stabilization Program.
Habitat is partnering with seven U.S. affiliates in five states to purchase and rehabilitate foreclosed or abandoned homes and build new homes on vacant lots. Habitat must provide significant financial and in-kind donations from nongovernment sources; NSP2 funds do not cover all project costs. Habitat and its partner affiliates have committed to providing 1,062 families or individuals with affordable housing by February 2013, the end of the grant term.
Helpful links:
For more information:
Contact Jack Bridges, NSP2 program manager, at 404-962-3433.