HUD’s new Neighborhood Stabilization Program, authorized under Title III of the Housing and Economic Recovery Act of 2008, will provide 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.

South Dakota received the anticipated $19.6 million dollars, and as of September 5, 2010, obligated all the funds.

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 Plan (as approved by HUD)
• NSP3 Application (Non-fillabe)
• NSP3 Application (Fillable)
•  Maps for NSP3
•  NSP3 Conditional Commitment Listing
• Quarterly Performance Report (NSP3) - March 31, 2012
• Quarterly Performance Reports (NSP1) - March 31, 2012
• Neighborhood Stabilization Program Plan(as approved by HUD)
•  Additional SDHDA Policies
•  NSP Commitment Listing

Important Links

•  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