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CITY OF BOSTON
DEPARTMENT OF NEIGHBORHOOD DEVELOPMENT

The City of Boston’s Department of Neighborhood Development (DND) announces the availability of Four Million Dollars ($4,000,000) in Neighborhood Stabilization Program funds provided by the Federal Department of Housing and Urban Development (HUD) for the acquisition and rehabilitation of foreclosed and abandoned properties so as to create new homeownership and rental housing throughout those Boston neighborhoods that have been directly affected by foreclosures.

DND’s NSP initiative is part of Mayor Thomas M. Menino’s foreclosure initiative strategy.  The strategy is designed to ensure that those vulnerable, high-risk neighborhoods where foreclosures are prevalent receive help from the City and its partners to renew and reoccupy properties before blight and decline set in.

An applicant conference is scheduled for Tuesday, April 7, 2009 at 10:00 AM in the Winter Chambers, 1st Floor, 26 Court Street, Boston, MA.

An Applicant packet will be available beginning March 30, 2009 at the DND, Bid Counter, 26 Court Street, 10th Floor, Boston, MA 02108 or online at www.cityofboston.gov/dnd/PDFs/NSP_Rehab_Funding_Applicant_Packet.pdf.

Applications will be accepted on a rolling admission basis until the earlier of June 21, 2010 or until funds are expended.  Questions can be directed to John Feuerbach, Senior Development Officer at 617-635-0353 or by e-mail, jfeuerbach.dnd@cityofboston.gov.   

Evelyn Friedman
Chief and Director
Department of Neighborhood Development

PLEASE NOTE:  DND Bid Counter hours of Operation are:  Monday – Friday 9:00 AM to 12:00 Noon and 1:00 PM to 4:00 PM.  Please plan accordingly.