NSP2
Congress created the Neighborhood Stabilization Program (NSP) in 2008 to help communities deal with problems resulting from the national foreclosure crisis. Generally, the funds directed to chosen NSP communities must be used to purchase, repair, and resell foreclosed and abandoned homes to qualified buyers.
In 2009, The U.S. Department of Housing and Urban Development (HUD) rolled out Phase 2 (NSP2). NSP2 funds have been allocated to only 56 grantees based on a competitive evaluation of approximately 500 applications from around the United States. One of the grantees selected was the New Orleans (NOLA) Consortium lead by NORA . The NOLA Consortium came into being in June 2009 in order to apply for the program by the July 17, 2009, deadline. The final NOLA Consortium is comprised of 11 non-profit members, one for-profit partner, and NORA as the lead applicant. All funds are dispersed directly by HUD.
For further information about NSP2 and all grantees, please visit here
View solicitations for contracts related to NSP2 here
For information about individual opportunities and solicitations with individual NOLA Consortium Members, please contact them directly here
Individuals interested in purchasing housing redeveloped with NSP2 funds can search here.
NSP2 Action Plan is posted below. Quarterly Performance Reports are Available in “NSP2 Reporting Requirements” Section
(pursuant to HUD Requirements and approval)
