Neighborhood Stabilization Program (Recovery Act Funded)
Department Of Housing And Urban Development, Assistant Secretary For Community Planning And Development
Neighborhood stabilization through acquisition and rehabilitation, land banking, disposition, or demolition of abandoned and foreclosed residential property. Also, to develop viable urban communities, by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for persons of low and moderate income.
Jargon-free version
Helps state and local governments and non-profits buy and fix up abandoned homes. This stabilizes neighborhoods and improves property values.
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What Is This Program?
What Benefits Are Offered?
A wide range of housing assistance programs offered by HUD to help Americans. These include support for homeownership (e.g., FHA loans, home buying guides, foreclosure prevention), rental assistance (e.g., Housing Choice Vouchers/Section 8, Public Housing), services for people experiencing homelessness, housing counseling, and fair housing enforcement. Specific benefits vary significantly by program and individual needs.
Who Is Eligible?
Region: United States
Demographics: low-income individuals and families, older adults, people with disabilities, veterans, Native Veterans, people experiencing homelessness, people experiencing domestic violence
Other Criteria: US citizenship or eligible immigration status, homebuyers, homeowners, property residents/renters, facing foreclosure
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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