Deadline for Receipt of Application: July 17, 2009
$1.93 billion of NSP2 funds
On May 4, 2009, HUD released Notice of Fund Availability (NOFA) for the Neighborhood Stabilization Program 2 under the American Recovery and Reinvestment Act, 2009.
There will be two competitions. Under the program round in this notice, applicants will compete for up to $1.93 billion of NSP2 funds to carry out neighborhood stabilization programs. Under the technical assistance round in a separate notice, applicants will compete for no more than $50 million of NSP2 funds to provide technical assistance, to include capacity building of local communities receiving NSP1 or any entity receiving NSP2 funding to carry out neighborhood stabilization.
Click here for the NSP2 NOFA.
Click here for the technical assistance NOFA.
According to the NOFA, recipients will use the funds awarded under this notice to stabilize neighborhoods whose viability has been and continues to be damaged by the economic effects of properties that have been foreclosed upon and abandoned. In 2008, Congress appropriated funds for neighborhood stabilization under HERA. In 2009, Congress appropriated additional neighborhood stabilization funds, which are the subject of this notice.
NSP2 funds will be awarded through competitions whose eligible applicants include states, units of general local government, nonprofit, and consortia of nonprofits. Any applicant may apply with a for-profit entity as its partner.
