Neighborhood Stabilization Program    Stories 1 to 25 of 94  (click headline for the complete story)

Next

Last

1:   (HUD) Communities Get $3 Billion in NSP-3 Formula Funding : Pre-empting the release of its own program rules, HUD issues $1 billion in the third round of Neighborhood Stabilization Program (NSP-3) grants to states, counties and local communities in a fashion similar to that of the controversial first round in... 09/08/2010 5:12 PM

2:   (FORECLOSURES) HUD, Lenders Enter into Pact to Implement National First Look Program : HUD and major national lenders have entered into their first-ever agreement, a plan to offer state and local governments and nonprofits participating in the Neighborhood Stabilization Program (NSP) the first chance to buy foreclosed homes before maki... 09/01/2010 12:09 PM

3:   (HUD) Data Shows NSP-1 Recapture Likely Much Smaller Than Projected : State and local first-round Neighborhood Stabilization Program (NSP-1) recipients have obligated more than 85% of the $3.92 billion sent to them, leaving unobligated estimates far below the initial ones HUD once projected for possible recapture. The... 08/24/2010 10:25 AM

4:   (DATA) NSP Activities Picking up Locally; Work on More than 9,000 Units Complete : HUD's Neighborhood Stabilization Program (NSP) is seeing increases in all of its activities, the program reaching a total of more than 9,200 new or rehabilitated units with work on slightly more than 27,000 units underway. The numbers on NSP come in... 08/20/2010 10:27 PM

5:   (STATES) NSP-1 Recaptures May Be Less Than Expected in MI : HUD still may be expecting a considerable recapture of first-round Neighborhood Stabilization Program (NSP-1) money this fall, but officials in Michigan -- one of the states that received the highest amounts -- say there may not be as much coming fro... 07/27/2010 12:53 PM

6:   (NSP) HUD Data Shows 33,000 Homes Built, Repaired, Razed : Nearly 33,000 homes have already been either built, rehabilitated or demolished nationwide in the Neighborhood Stabilization Program (NSP), according to HUD data released July 20 in its monthly housing snapshot. The projected estimates are believed ... 07/20/2010 5:36 PM

7:   (NSP) First Look Program Homebuyers Given Small Window to Take FHA Properties : Entities interested in using Neighborhood Stabilization Program (NSP) money to buy properties in HUD's new First Look initiative will have to act fast -- 48 hours -- once an appraisal is made in order to snap up foreclosed properties from the Federal... 07/16/2010 10:44 AM

8:   (HUD) NSP Recipients Given Chance to Snap up Foreclosed FHA Homes : Neighborhood Stabilization Program (NSP) grantees find a new benefit to being part of the program, as HUD moves to all participants the first chance to buy foreclosed homes in HUD's inventory. Secy. Shaun Donovan announced the initiative July 12 at ... 07/13/2010 2:37 PM

9:   (OIG) Sacramento, OIG Battling Over Claims of Ineligible NSP-1 Spending : Sacramento's Housing & Redevelopment Agency (SHDA) and HUD's Office of Inspector General (OIG) are at odds over a recommendation that the city repay $1.1 million in non-federal funds after OIG found ineligible expenditures in the city's Neighborh... 06/10/2010 10:50 AM

10:   (HUD) Need for Expected NSP-1 Recaptures Varies Case by Case : HUD officials say no single factor is responsible for the failure of first-round Neighborhood Stabilization Program (NSP-1) grantees being unable to allocate funding to date, but say the areas where housing markets are still suffering the most will r... 05/18/2010 4:44 PM

11:   (HERA) HUD Expecting to Reallocate $1 Billion of NSP-1 Money this Fall : HUD will begin work this fall to reallocate as much as $1 billion in unused first-round Neighborhood Stabilization Program (NSP-1) funds to help cities and counties in areas where foreclosures have hit hardest and to provide more funding for foreclos... 05/18/2010 1:20 PM

12:   (POLICY) HUD to Seek NSP-3 Money, Considers Program Changes : HUD will asking Congress to provide a third round of Neighborhood Stabilization Program funding (NSP-3) and the department is considering making programmatic changes to NSP should money become available. Donovan, who made his remarks during a May 18... 05/18/2010 1:14 PM

13:   (HUD) Department Broadens NSP Help To Cities : Local governments are being muscled out of their efforts to buy and resell foreclosed homes at affordable rates by investors who pay cash for the distressed housing and rent them, stymieing city efforts to promote homeownership and stable neighborhoo... 04/30/2010 1:50 PM

14:   (NSP-2) Bayh, Donovan Clash Over Gary, IN Funding : Angry over what he says are broken HUD promises made to Gary, IN officials last year, Sen. Evan Bayh (D-IN) rebukes HUD Secy. Shaun Donovan for failing to allocate second-round Neighborhood Stabilization Program (NSP) money to the city. Testifying ... 04/23/2010 1:36 PM

15:   (CONGRESS) NSP-3 Bills Await Senate Banking Committee Action : Senate legislation offering a third Neighborhood Stabilization Program (NSP-3) worth $1 billion in formula grant money continues to rest in the Banking Committee. It is part of a $4 billion effort to battle foreclosures that would be funded through t... 03/16/2010 4:35 PM

16:   (OIG) HUD Questions Fresno's Ability to Meet NSP Deadlines : A new HUD audit raises questions about the ability of Fresno, CA officials to meet Neighborhood Stabilization Program (NSP) funding obligation deadlines, citing delays in selecting local grant recipients and finalizing contracts. Dialogue between th... 02/12/2010 11:59 AM

17:   (AWARDS) OH City Presses For NSP-2 Money : Youngstown, OH, officials, disappointed that the city's model to rescue blighted neighborhoods was ignored by HUD in the latest round of federal neighborhood stabilization allocations, bypass department officials to beseech the White House to reconsi... 01/22/2010 1:46 PM

18:   (AWARDS) Small Clusters of States, Nonprofits Reap Large Shares of NSP-2 Funds : Perhaps the belief among potential applicants that most of the $1.93 billion in the second round of Neighborhood Stabilization Program (NSP-2) competition would go to a select few states was well-founded. A total of 19 cities and nonprofits in Flori... 01/15/2010 10:24 AM

19:   (MI) Innovative Consortium's Plans Ready to Move after HUD Grant Approval : With demand likely being many times the available funding, officials at the Michigan State Housing Development Authority and its massive consortium of cities and local land banks did not expect to get all of the nearly $290 million dollars it sought ... 01/15/2010 10:17 AM

20:   (CDBG) NSP1 Funds Reaching Rural Nebraska Communities : While states, cities, counties, nonprofits and development authorities await the announcement of round two of Neighborhood Stabilization Program (NSP2) money, funding from the first round (NSP1) is beginning to make its presence felt in small communi... 01/06/2010 4:36 PM

21:   (OIG) CA County Asked to Bolster NSP Acquisition Policies, Procedures : HUD Office of Inspector General (OIG) is pushing a California county to improve policies and procedures for the acquisition activities in the Neighborhood Stabilization Program (NSP). The Dec. 29 OIG report on the Riverside County NSP program covers... 01/06/2010 09:46 AM

22:   (GRANTS) MI Officials Form Coalition Seeking $290 Million in NSP-2 Funding : Michigan State Housing Development Authority (MSHDA) officials are seeking $290 million from the second round of HUD's Neighborhood Stabilization Program (NSP-2) funds to finance a massive effort to remove blight in 12 cities. MSHDA is hoping to hea... 11/25/2009 12:15 PM

23:   (GRANTS) HUD Extends Deadline to Submit NSP-2 Consortium Funding Agreements to Jan. 29 : HUD officials are extending through Jan. 29, 2010 deadlines for which consortiums entering into funding agreements must submit those agreements for approval to gain funding in the second round of the Neighborhood Stabilization Program (NSP-2). The c... 11/23/2009 4:04 PM

24:   (ARRA) CA Development Officials Use $40 Million in NSP Funds for Rental Units : California development officials are putting more than $40 million in Neighborhood Stabilization Program money toward rental construction and rehabilitation efforts worth $76 million. State Dept. of Housing & Community Development (DHCD) officia... 11/13/2009 1:42 PM

25:   (STATES) Ohio Looks for New Law to Boost Stabilization, Property Values : Ohio state lawmakers are considering legislation requiring banks to bring foreclosed properties to sale quickly or lose the mortgage liens completely. State Rep. Dennis Murray (D) offers HB 323, the latest in efforts by states to improve the propert... 11/11/2009 2:34 PM

Next

Last

 

Community Development Digest