Neighborhood Stabilization Program

In 2009, Congress established the Neighborhood Stabilization Program (NSP) for the purpose of stabilizing communities that had suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program has been realized. The MCDA used an allocation of NSP funds to renovate and sell four homes and purchase and rehab another two single-family homes as affordable rental units.