Boston’s Neighborhood Stabilization Program Funding
In September of 2008, the City of Boston was allocated to receive $4.23 million in federal funds from the Department of Housing and Urban Development (HUD) as part of the federal Neighborhood Stabilization Program (NSP), which Congress approved last July with the passage of the “Economic and Housing Recovery Act of 2008.” In the spring of 2009, Boston applied for and received a matching grant of approximately $4 million from the state’s $43 million allocation of these funds through the Department of Housing and Community Development (DHCD). In January 2010, the City was granted an additional $13.6 million in HUD’s competitively awarded, second NSP funding round.
These funds, which total more than $22 million, are being administered by the City’s Department of Neighborhood Development and will support a variety of new and existing programs related to Boston’s ongoing foreclosure prevention and intervention efforts.
NSP Resources
- View NSP Eligible Property Locator for Homebuyers and Homeowners.
- View map of Boston’s NSP target area.
- Look up a particular property on the Assessing Department’s database.
- Learn more about HUD’s Neighborhood Stabilization Program.
- Learn more about the American Recovery and Reinvestment Act and Mayor Menino’s Recovery Plan for Boston.
©2009 The City of Boston