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HUD Announces $50 Million in Recovery Act Funds to Assist Local Communities to Stabilize Neighborhoods

Monday, October 19th, 2009

HUD has awarded to NDC and its consortium partners, Housing Partnership Network, National Cooperative Bank Capital Impact and Mercy Housing, Inc. a technical assistance grant of $7,143,123 to help communities better manage the backlog of foreclosed homes under the Neighborhood Stabilization Program.

For more information:   http://www.hud.gov/news/release.cfm?content=pr09-159.cfm.

Communities undertaking an NSP program may find the Community Central website a useful resource in their program development.

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