Legislative Updates 
Neighborhood Stabilization Fund
Neighborhood Stabilization Program
The Neighborhood Stabilization Program (NSP) is a one-time infusion of funds from the Federal Government to cities and states. Funds are targeted to communities that have high rates of foreclosure and vacant properties. On December 1, NSP grantees will have to submit a plan for how they will use the $3.9 billion appropriated by Congress for the program.
At least 25 percent of the funding must be used to provide housing, including permanent supportive housing, to people below 50 percent of area median income.This presents an important opportunity for housing and homeless assistance providers to use these grants to help create affordable housing, including supportive housing to prevent and end homelessness.
Housing and homeless assistance providers who are interested in accessing Neighborhood Stabilization Funds should contact their local or state housing department immediately.
Following are links to important documents provided by HUD regarding NSP:
HUD's NSP Website
NSP Flyer
NSP Fact Sheet
NSP Frequently Asked Questions
The Alliance is gathering information about communities that are considering using NSP funds to assist with their efforts to end homelessness. Please send comments to nsp@naeh.org
Homeless Assistance and the Neighborhood Stabilization Program
HUD is providing $3.9 billion to communities that have been hit hard by the foreclosure crisis through the Neighborhood Stabilization Program (NSP). This fact sheet explores how communities can use this opportunity to create permanent housing and permanent supportive housing for people experiencing or at risk of homelessness.
This video highlights how communities across the country are decreasing homelessness among families. Thanks to the support of the Bill & Melinda Gates Foundation, it’s yours to use for free. 
