Departments
Block Grant - Neighborhood Stabilization Program (NSP)
The Housing and Economic Recovery Act (HERA) of 2008 was approved by Congress on July
30, 2008 with regulations for the program issued on September 29, 2009. The program is being
administered by the U.S. Department of Housing and Urban Development (HUD). The overall
purpose of the program is to assist in the redevelopment of abandoned or foreclosed homes under the portion of HERA entitled Emergency Assistance for Redevelopment of Abandoned and
Foreclosed Homes. The program has been titled the Neighborhood Stabilization Program
(NSP). On the national level, the bill appropriates $3.92 billion for the program.
Pontiac has received an allocation of $3,542,002. The NSP regulations require that an application describing the use of the funds be submitted to HUD no later than December 1, 2008. After review and approval of the application by HUD, Pontiac will have 18 months to commit the funds to program purposes described in the application with all funds expended within four years.
For more information, call us at 248-758-3780 or e-mail us at Block Grant Neighborhood Stabilization Program
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