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Neighborhood Stabilization Program
HD200 - Neighborhood Stabilization Program. HUD established the Neighborhood Stabilization Program (NSP) with the goal of stabilizing communities and neighborhoods that have been devastated by home foreclosures and abandonment. NDC’s NSP Fundamentals course builds participants’ ability to effectively use NSP funds to formulate and implement neighborhood stabilization strategies and develop compliance skills and systems that are an essential part of ongoing neighborhood stabilization. Through case studies, participants learn the skills and problem-solving techniques needed to turn strategies into results. Specific topics include:
- Eligible NSP activities
- Determining project feasibility
- Methods for assisting home buyers
- Acquisition/rehabilitation management
- Approaches for developing rental housing
- Financing options including loans, grants and loan guarantees
- NSP, CDBG and HOME program parameters, regulations and compliance
- Program implementation issues including administrative costs, program income and affordability periods
- Tracking progress and reporting to HUD
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