House Votes to Rescind $1B in Neighborhood Stabilization Grants

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The U.S. Congress appropriated three rounds of NSP funding. Congress has not allocated any additional funds to NSP since the third round of funding, and most grantees are in the process of completing activities and closing out their grants. NSP1. NSP1 provided $4.0 billion to 307 state and local governments on a formula basis.

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Neighborhood Stabilization Program The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized.

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House Votes to Rescind $1B in Neighborhood stabilization grants dsnews | March 16, 2011 The U.S. House of Representatives voted Wednesday to pull the plug on HUD’s Neighborhood Stabilization Program (NSP) and rescind $1 billion in grant money.

$1B in targeted grants. $5B; $3B through formula and $2B in targeted grants (purposes similar to House). $4B, $3B through formula and $1B in targeted grants (priority critieria to be set by HUD) Privately-owned as-sisted housing energy retro t (for 202, 811 and project-based sec. 8 developments) $2.5B in loans or grants for

The Charging of the Flood: a Cultural Analysis of the Impact and Recovery from Hurricane Ike in Galveston, Texas

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