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NSP American Recovery & Reinvestment Act

Neighborhood Stabilization Program (NSP)
2009 Recovery & Reinvestment Act Funds

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The Housing and Economic Recovery Act (HERA) of 2008 was approved by Congress on July 30, 2008 with regulations for the program issued on September 29, 2009. The program is being administered by the U.S. Department of Housing and Urban Development (HUD). The overall purpose of the program is to assist in the redevelopment of abandoned or foreclosed homes under the portion of HERA entitled Emergency Assistance for Redevelopment of Abandoned and Foreclosed Homes. The program has been titled the Neighborhood Stabilization Program (NSP). On the national level, the bill appropriates $3.92 billion for the program. In order to be able to distribute the funds as quickly as possible to meet identified needs, HUD has, in the regulations for the program, determined that an amendment to the CDBG Annual Action Plan for Fiscal Year 2008 will be the most efficient method. The $3.92 billion has been allocated to CDBG recipients on a formula basis contained in the HERA. For a CDBG recipient to receive a direct allocation of funds, the application of the formula had to result in the recipient being allocated a minimum of $2,000,000. Flint has received an allocation of $4,224,621. The NSP regulations require that an application describing the use of the funds be submitted to HUD no later than December 1, 2008. After review and approval of the application by HUD, Flint will have 18 months to commit the funds to program purposes described in the application with all funds expended within four years. City of Flint Neighborhood Stabilization (NSP) Program Pre-bid Meeting Summary Qs & As – August 4, 2009 Final Amendment To Flint Fiscal Year 2008 CDBG Annual Action Plan Neighborhood Stabilization Program (NSP) Map Package NSP New Targets Maps Proposed Amendment To Flint Fiscal Year 2008 CDBG Annual Action Plan Neighborhood Stabilization Program (NSP) Public Comment Period Intent To Apply For Neighborhood Stabilization Program 2 (NSP 2)   www.michigan.gov/mshda