Housing Development
Neighborhood Stabilization Program
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.
2018 NSP Applicants
Applications are due the last working day of August at 5:00 p.m. Central Time. Completed applications must be delivered (via U.S. Postal Service, private mailing service, or hand delivery) to SDHDA by 5:00 p.m. Central Time on the applicable due date. Applications via facsimile or e-mail will NOT be accepted.
$700,000 available
NSP3
- NSP3 Plan (as approved by HUD)
- Modified Maps for NSP3
- NSP3 Application June 2012
- Maps for NSP3
- NSP3 Conditional Commitment Listing
NSP1
Quarterly Performance Reports
Important Links
- HUD Estimated Foreclosure - Abandonment Risk Score
- Using NSP for special needs housing
- Income Calculator
- HUD website on NSP
- 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
E-mail Lorraine Polak, Director of Rental Housing Development, with your NSP questions.
Phone: (605)773-3108