The Neighborhood Stabilization Program (NSP) provides assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
Through grants from the federal government, state and local communities will purchase foreclosed or abandoned homes to rehabilitate, sell, lease or redevelop. The goal is to stabilize neighborhoods and stem the decline of home values.
All activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of the area median income.
The NSP was established in 2008 under the Housing and Economic Recovery Act of 2008 (HERA). HERA appropriated $3.92 billion in NSP funding to communities nationwide. A first round of funding (NSP-1) was distributed in late 2008 on a formula basis to local governments and states. The City of Kansas City was awarded $7.37 million from the U.S. Department of Housing and Urban Development (HUD) and $1.16 million from the State of Missouri to carry out activities under NSP-1 in the areas of greatest need and this effort is now underway.
As part of the American Recovery and Reinvestment Act of 2009, Congress authorized an additional $1.93 billion to be allocated to HUD to be awarded to applicants to carry out NSP activities under what is known as NSP-2. These awards will be made strictly on a competitive basis (see discussion of NSP-2 below).Kansas City Neighborhood Stabilization Program Description/InformationNeighborhood Stabilization Program frequently asked questionsNSP Home ListingsNSP-MO Home ListingsNSP Amendment No.1NSP Amendment No. 2NSP Amendment No. 3NSP 3NSP 3 Amendment No. 1
NSP 3 Amendment No. 2
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NSP Study Quick Look Data