Neighborhood Stabilization Program (Recovery Act Funded)

 

Neighborhood stabilization through acquisition and rehabilitation, land banking, disposition, or demolition of abandoned and foreclosed residential property. Also, to develop viable urban communities, by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for persons of low and moderate income.

Deleted 10/11/2010 (Archived.) 14.256 Office of Community Planning and Development, Department of Housing and Urban Development B - Project Grants Fiscal Year 2010 Eligible activities include creation of financing mechanisms to stimulate recovery of foreclosed homes for productive use; housing acquisition, rehabilitation, demolition, and redevelopment; and demolition of blighted properties.
Fiscal Year 2009 Eligible activities include creation of financing mechanisms to stimulate recovery of foreclosed homes for productive use; housing acquisition, rehabilitation, demolition, and redevelopment; and demolition of blighted properties. American Recovery and Reinvestment Act of 2009, Public Law 111-5. . . . Preapplication coordination is required. Environmental impact information is not required for this program. An environmental impact assessment is not required for this listing. A grantee is required to publish a proposed application which includes a description of activities in sufficient detail, including location or targeted areas, to afford affected citizens an opportunity to submit views and comments prior to the preparation of a submission; prepare and submit a final application to HUD. Recipients should consult the office or the official designated as the single point of contact in its respective State for more information on the process the State requires to be followed when funds are used for the planning or the construction (reconstruction or rehabilitation) of water or sewer facilities. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Submit an application, SF Form 424, and certifications to HUD. The application must include the elements required in the notice of fund availability, including the proposed use of the funds. If the grantee makes a complete submission within the established deadlines, the Department will review and score the application. If the proposal is selected, HUD will make an award. To be announced. Contact the headquarters or regional location, as appropriate for application deadlines From 60 to 90 days. NOFA must be issued no later than 75 days after enactment of ARRA. HUD must award funds within 150 days after enactment and obligate all funds within one year of enactment. Not applicable. Not applicable. To be announced. Will be delineated in the NOFA. Statute directs that criteria will include at minimum capacity to execute projects, leveraging potential, and concentration of investment to achieve neighborhood stabilization. Recipients may undertake a wide range of activities directed toward neighborhood stabilization. Applicants develop their own programs and funding priorities as long as programs/activities conform to the statutory standards and program regulations. Some of the specific activities that can be carried out with Neighborhood Stabilization – 2009 funds include acquisition of real property; relocation; clearance and demolition; land banking, rehabilitation of residential and structures. In addition, NSP funds may be used to pay for homeownership counseling within certain limits. Recipients may partner with or contract with other local agencies or nonprofit organizations to carry out part or all of their programs. All eligible activities must benefit persons whose income is at or below 120 percent of area median income. No funds may be used for ineligible activities or those that do not benefit the target populations. All funds must be used within 3 years of the date funds are available to the grantee for obligation. Performance Reports: Performance targets initially submitted in the disaster recovery grant reporting system (DRGR), then reported on quarterly by grantee. The auditee may elect to have a program-specific audit conducted under certain limited circumstances. Per The applicant must maintain records with regard to eligibility, national objectives, financial management, citizen participation, relocation, other resources, acquisition, housing assistance to units and households, equal opportunity, environmental impact, labor standards and other requirements set forth in regulations. Records shall be retained for four years after submission of the report in which the activity is reported as completed, except as otherwise prescribed in the published regulations. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Funds remain available for obligation by the agency until September 30, 2010. Grantees are to expend 50 percent of funds allocated within two years of the funds being made available by the agency and 100 percent of funds within three years. No information provided. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog. Community Planning and Developmen
451 7th Street, S.W.
Washington, DC 20410 US
Jessie.handforth.kome@hud.gov
Phone: (202) 708-3587 http://www.hud.gov 86-0161-0-1-451 (Project Grants) FY 10 est $2,000,000,000.00; FY 09 est $0.00; To be announced. Administrative Regulations for Community Development Block Grants, 24 CFR 570, and published Federal Register Notices. Not applicable.