Neighborhood Stabilization Program

The Neighborhood Stabilization Program (NSP) is a federal initiative designed to help communities recover from the effects of foreclosures and housing market instability. It provides funding to local governments and non-profits to buy, rehabilitate, and resell or rent out abandoned or foreclosed homes. This program aims to improve neighborhoods, boost property values, and create affordable housing options for low- to moderate-income families. By revitalizing distressed areas, NSP helps to foster community stability and enhance overall quality of life for residents.