Neighborhood Stabilization Program (NSP)

Description: The U.S. Department of Housing and Urban Development's new Neighborhood Stabilization Program (NSP) provides targeted emergency assistance to states and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight. Through this program, Minneapolis and Saint Paul will be offering financing programs for consumers to purchase foreclosed upon residential properties. Visit the following links for program updates:

Minneapolis NSP website: http://www.ci.minneapolis.mn.us/foreclosure/NSP.asp

Saint Paul NSP website: http://www.stpaul.gov/index.asp?NID=2837

Minnesota Housing NSP website: http://www.mnhousing.gov/resources/apply/MHFA_007433.aspx

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Ericcson neighborhood, Minneapolis

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