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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 $21 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.


Latest News

     
  Clean Team  
     

Mayor's Clean Team Helps City Care for Foreclosures
On Tuesday, October 26, 2010, Mayor Menino met members of his new "Mayor's Clean Team" at a city-owned foreclosed property in Dorchester...Read more »



NSP Resources


NSP Programs for Homebuyers

Homebuying 104: How to Buy a Foreclosed Property – This two-hour seminar includes information about the foreclosed property purchase process, legal issues, mortgage and property selection, along with special home repair resources.

Financial Assistance – Are you buying a 1-3 family home or a condo in Boston? If you are a graduate of Homebuying 101, you may be eligible for financial assistance from the City.



NSP Frequently Asked Questions

View a list of commonly asked questions and answers related to Boston's Neighborhood Stabilization Program funds.


For more information about Boston's Neighborhood Stabilization Program funding, contact:

The Boston Home Center
Department of Neighborhood Development
Phone: 617.635.HOME (4663)
Email: HomeCenter.DND@cityofboston.gov

 

 

 

 
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City Calendar
City Calendar See a listing of upcoming events sponsored by the Department of Neighborhood Development.
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