FOR IMMEDIATE RELEASE: Nov. 3, 2008
City seeks feedback for Neighborhood Stabilization Program
The City of Kansas City, Mo., asks residents to submit feedback about the potential use of $7.3 million that has been allocated by the federal government as part of the Neighborhood Stabilization Program. The funds are set aside, but a plan must be presented to secure the funds.
Residents can submit their feedback on this process via e-mail to firstname.lastname@example.org. Residents also can give testimony at the Housing Committee meeting Nov. 5 at noon on the 10th floor of City Hall, 414 E. 12th St. The City Council will vote on the proposal Nov. 6.
As a result of the U.S. Department of Housing and Urban Development's Economic Recovery Act, the City was allocated $7.3 million to help abate blight resulting from foreclosed and abandoned houses. By abating these conditions, affordable housing will be developed for those most in need and values of neighboring homes will be less likely to be adversely affected.
The municipalities that receive this money will develop their own programs and funding priorities. They are required to use at least 25 percent of the funds for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that house those whose incomes do not exceed 50 percent of the area median income. All activities funded by the Neighborhood Stabilization Program must benefit low- and moderate-income people whose income does not exceed 120 percent of area median income.
To view the most recent draft of the City's application, visit http://www.kcmo.org/neigh/Special%20projects/nsp%20application%20draft%2010-29-08.pdf .
For more information about the Neighborhood Stabilization Program, visit http://www.kcmo.org/neigh.nsf/web/hudnsp or call Shirley Winn, housing administrator in the City Planning and Development Department, (816) 513-2907.