Texas Neighborhood Stabilization Program (NSP)

Announcements

The Texas Department of Housing and Community Affairs announces the opening of a 15-day public comment period for an amendment to the State of Texas Federal Fiscal Year (FFY) 2010 Action Plan as required by the U.S. Department of Housing and Urban Development (HUD). The Amendment is necessary as part of the overall requirements governing the State’s consolidated planning process. The Amendment is submitted in compliance with 24 CFR 91.520, Consolidated Plan Submissions for Community Planning and Development Programs, as modified by the Federal Register Notice (Docket No.FR-5321-N-03). The 15-day public comment period begins May 11, 2012 and continues until 5:00 pm on May 25, 2012. NSP3 Substantial Amendment 3 (PDF)

NSP1 Program Income Reservation System

The Texas Neighborhood Stabilization Program announces the availability of at least $13 Million through the Revised NSP1-Program Income NOFA. Eligible Organizations may apply to access the NSP1 Reservation System, once approved funds will be made available on a first-come, first-served basis for eligible projects. Approval to access the NSP1 Reservation System will be valid through February, 2013.

NSP Wildfire Relief

The Texas Neighborhood Stabilization Program is working with TDHCA’s HOME Division to provide recovery resources for Texas communities impacted by wildfires. Submission of the consolidated application will allow subrecipient entities to access either funds source, to best serve the needs of their community. Further information and the application form are available on the HOME Disaster Relief page. Use of NSP Funds will be governed by the NSP1 Program Income NOFA (PDF).

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.

The NSP1 Substantial Amendment to the State of Texas 2008 CDBG Action Plan for the Neighborhood Stabilization Program
- As approved by HUD January 30, 2009 (PDF)
- Update to Substantial Amendment February 25, 2010 (PDF)
The NSP3 Substantial Amendments to the State of Texas 2010 CDBG Action Plan for the Neighborhood Stabilization Program
- First NSP3 Substantial Amendment (PDF)
- Second NSP3 Substantial Amendment (PDF)

Resources

Texas NSP NOFAs