City of Columbus

Neighborhood Stabilization Program 1

As a result of the Housing and Economic Recovery Act of 2008, the U.S Department of Housing and Urban Development (HUD), is allocating $3.92 billion nationally to particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD’s new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight.

The City of Columbus (city) was awarded $22,845,495 of NSP funds from HUD. This funding is provided through HUD’s Community Development Block Grant (CDBG) program. On November 7, 2008, the city began a 15 day public comment period on the proposed NSP plan and  accepted public comments through November 22, 2008. Columbus City Council held a public hearing on the proposed plan November 19, 2008. The city submitted the NSP application to HUD by December 1, 2008. The city’s NSP application and plan is an amendment to the Consolidated Plan’s 2008 Action Plan.

Below you will find information regarding the city’s Neighborhood Stabilization Program as well as links to additional NSP information:

NSP Substantial Amendment #2

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