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Neighborhood Stabilization Program (NSP)
The purpose of the Neighborhood Stabilization Program (NSP) is to assist states and local governments in addressing the effects of abandoned and foreclosed properties in the nation’s communities. The City proposes to use its NSP funding to acquire and rehabilitate properties which have been foreclosed upon and are vacant. Properties will be rehabilitated for affordable housing. The NSP will provide approximately $16.8 million to the City. For more information about the NSP Application click on the image at right.
Consolidated Plan
Each year HUD awards the City entitlement funding under the Community
Development Block Grant (CDBG) and HOME Investment Partnership (HOME)
programs. These programs limit activities to those benefiting low- and
moderate-income persons. CDBG funds support a broad range of affordable
housing, economic and community development activities. HOME funds are
limited to housing development and rental assistance. The City’s
annual Consolidated Plan is the application to HUD for CDBG and HOME
funds as well as Housing Opportunities for Persons With AIDS (HOPWA)
and Emergency Shelter Grant funds.
Through the Consolidated Plan process, OHCD allocates
CDBG, HOME and HOPWA funds to subsidize the development of affordable
homeownership and rental housing for low- and moderate-income persons.
Projects include the rehabilitation of existing properties (e.g. HRP)
and new construction. CDBG- and HOME-funded housing developments can
be carried out by for-profit and non-profit developers. Rental development
is usually financed in conjunction with the Low Income Housing Tax Credits
(LIHTC) administered by the Pennsylvania Housing Finance Agency (PHFA).
Housing for persons with special needs (the mentally ill, persons in
recovery, persons with HIV/AIDS, the homeless, disabled persons) usually
are financed in conjunction with McKinney Homeless funds and/or the
LIHTC. Homeownership housing developments may leverage additional resources
through the Federal Home Loan Bank and PHFA’s Homeownership Choice
program. Homebuyers or tenants in CDBG- or HOME-funded developments
must meet certain income guidelines.
To review the
Consolidated Plan for Year 33
click here
To review the
Consolidated Plan for Year 32
click here
To review the
Consolidated Plan for Year 31
click here
To review the
Consolidated Plan for Year 30
click here
To review the
Consolidated Plan for Year 29
click here
To review the
Consolidated Plan for Year 28
Click here
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