Neighborhood Stabilization Program 2 (NSP2)
|Federal Agency: U.S. Department of Housing and Urban Development
||Type of Funding: Competitive
|Project Name: Neighborhood Stabilization Program 2 - Peoria
||Requested Dollar Amount: $10,000,000
|Estimated Completion: September 2012
||Awarded Dollar Amount: Pending
|Project Quarterly Report: Download (PDF)
||Matching Dollar Amount: $0.00
The overall goal of the program is to stabilize the target geography by increasing the rate of homeownership, while staving off the blight of abandoned homes. The objectives include:
Neighborhood Stabilization Program 2 Grant Application
- Transform foreclosed, distressed properties into affordable housing assets.
- Give low-and moderate-income individuals and families an opportunity to secure the dream of homeownership.
- Ensure the long-term economic well being of the targeted neighborhoods and households supported.