The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes.
Stabilize neighborhoods by acquiring vacant and foreclosed homes and rehabilitating homes to assure they are up to standards.
Provide decent, safe, energy efficient houses to eligible buyers and help stabilize neighborhoods as well as help increase the value of the neighboring homes and stimulate local economies.
Provide affordable housing to families under 120 median household income.