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Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

Texas Neighborhood Stabilization Program (NSP)

Background

The Neighborhood Stabilization Program (NSP) is a HUD-funded program authorized by the “Housing and Economic Recovery Act of 2008” (HERA), as a supplemental allocation to the Community Development Block Grant (CDBG) Program. Additional funds have been provided through the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) as part of NSP3. The purpose of the Neighborhood Stabilization Program is to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight. NSP provides funds to purchase foreclosed, vacant or abandoned homes and residential properties, in order to rehabilitate, resell, or redevelop them, stabilize neighborhoods and stem the decline of property values in communities impacted by the housing crisis.

Resources

Texas NSP NOFAs

Federal Resources

Community Resources

Resources for Texas NSP Grantees