As a result of the Housing and Economic Recovery Act of 2008, the U.S Department of Housing and Urban Development (HUD), is allocating $3.92 billion nationally to particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD’s new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight.
The City of Columbus (city) was awarded $22,845,495 of NSP funds from HUD. This funding is provided through HUD’s Community Development Block Grant (CDBG) program. On November 7, 2008, the city will begin a 15 day public comment period on the proposed NSP plan and will accept public comments through November 22, 2008. Columbus City Council will hold a public hearing on the proposed plan November 19, 2008 at 5:30 in the City Council Chambers. The city will submit the NSP application to HUD by December 1, 2008. The city’s NSP application and plan will be an amendment to the Consolidated Plan’s 2008 Action Plan.
Below you will find information regarding the city’s proposed Neighborhood Stabilization Program as well as links to additional NSP information:
Neighborhood Stabilization Program Application: a City of Columbus 2008 Action Plan Substantial Amendment
SF 424 and Certifications
Links:
HUD Neighborhood Stabilization Program Webpage: http://www.hud.gov
Programa de estabilización de vecindarios (NSP): http://espanol.hud.gov
2005-2009 City of Columbus Consolidated Plan