NSP1

Overview
The Neighborhood Stabilization Program (NSP1) is part of the Housing and Economic Recovery Act of 2008.  $3.92 billion has been made available nationwide, to state and local governments. This one-time grant program is being allocated under the Community Development Block grant program by the U. S. Department of Housing and Urban Development (HUD) as emergency assistance to redevelop abandoned and foreclosed homes.

The Metropolitan Development and Housing Agency (MDHA) is charged with administering the federal entitlement grants from HUD on behalf of Metropolitan Nashville and Davidson County. Preparation of the Consolidated Plan is a requirement for Metropolitan Nashville to receive funds through the Community Development Block Grant (CDBG), the HOME Investment Partnerships (HOME), the Emergency Shelter Grant (ESG) and the Housing Opportunities for Persons with AIDS (HOPWA) programs.

The NSP Substantial Amendment to the FY 2008 Annual Update of the Five-Year Consolidated Plan for housing and community development was submitted to HUD for review December 1, 2008.
The NSP Substantial Amendment Update submitted to HUD.
 


Areas of Greatest Need


For more information about the Neighborhood Stabilization Program, call 615-252-8508.
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