Michigan State Housing Development Authority
On October 19, 2010, HUD released the NSP3 Notice with the requirements for the new allocation of NSP funds that were authorized in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act provides $970 million in new NSP funds to states and local governments to continue to assist in the redevelopment of abandoned and foreclosed homes.
The State of Michigan‘s NSP 3 substantial amendment to the 2010 Consolidated Plan describes how it will distribute and use the NSP 3 funds.
The FINAL Neighborhood Stabilization Program 3 Substantial Amendment to the 2010 Consolidated Plan (download pdf).
Subject: Neighborhood Stabilization Program 3