HUD’s Neighborhood Stabilization Program, authorized under Title III of the Housing and Economic Recovery Act of 2008, provides emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities to purchase foreclosed or abandoned properties and to rehabilitate, resell, or redevelop these properties in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.

Under Section 1497 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, additional assistance under the Neighborhood Stabilization Program was authorized (NSP3).  South Dakota received an additional $5 million for NSP3 activities.

NSP3 Funding is now available. Please click the link below for more information:

 NSP3 Funding

NSP3

 NSP3 Plan (as approved by HUD)

 Modified Maps for NSP3

NSP3 Application June 2012 (Non-fillable)

NSP3 Application June 2012 (Fillable)

 Maps for NSP3

 NSP3 Conditional Commitment Listing

Quarterly Performance Report (NSP3) - March 31, 2013

NSP1

NSP1 Plan (as approved by HUD)

 Additional SDHDA Policies

 NSP Commitment Listing

Quarterly Performance Report (NSP1) -March 31, 2013

Important Links

•  HUD Estimated Foreclosure - Abandonment Risk Score (by Census Tract)
•  HUD Estimated Foreclosure - Abandonment Risk Score (by Census Tract)
•  Using NSP for special needs housing
• Income Calculator
• HUD website on NSP
• NSP Resource Exchange
• NSP Acquisition and Relocation requirements
• NSP Requirements for Environmental, Relocation, Lead Based Paint, etc.
• NSP Program Data (allocation data, foreclosure level, income limits, census block groups, estimated foreclosure and abandonment risk score)
• United States Postal Service Data on Address Vacancies
• HUD Foreclosed properties
• Fannie Mae Foreclosed properties
• Section 3 Vicinity Hiring
• Green Building
• Water Sense

Other NSP websites on foreclosed properties and strategies to mitigate foreclosures

• Office of the Comptroller of the Currency (OCC)
• KnowledgePlex
• NeighborWorks America Stable Communities
• Housing Policy

E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it , Housing Development Officer, with your NSP questions.
Phone: (605)773-3181