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 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.

MSHDA’s Office of Community Development (OCD) has awarded NSP funds for the following eligible activities:

1. Acquisition and rehabilitation of foreclosed or abandoned single family homes for resale to owner-occupants (all applicants);
2. Demolition of blighted structures for future redevelopment (land banks only);
3. Demolition of blighted structures for green space or for immediate redevelopment (all applicants);
4. Redevelopment of demolished or vacant lots for single family owner occupied housing (all eligible applicants); and
5. Redevelopment of demolished or vacant properties for public facilities or public services (land banks, local units of government, and nonprofits only).