The Neighborhood Stabilization Program Substantial Amendment to the State of Michigan 2008 Consolidated Plan
HUD‘s new Neighborhood Stabilization Program (NSP) provides targeted 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 State of Michigan has been allocated $98,653,915 to address the areas of greatest need within Michigan. The State submitted its NSP Action Plan Substantial Amendment to HUD for approval on November 26, 2008.
The State of Michigan‘s NSP substantial amendment describes how it will distribute and use the NSP funds in accordance with the requirements of Section 2301(c) (2) of the Housing and Economic Recovery Act, 2008.
The Neighborhood Stabilization Program Substantial Amendment to the State of Michigan 2008 Consolidated Plan (download pdf Revised 2-4-2009).