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Neighborhood Stabilization Program
Funds to Nebraska: $10,000,000*
| Additional federal funds are available for state, local governments and non-profit organizations to purchase abandoned and foreclosed property for use as affordable housing. |
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Method of Funding
Competitive Grant |
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Distribution
Housing and Urban Development (HUD) will grant funds for qualified projects on a competitive basis. |
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Primary Recipients
State of Nebraska, local governments and non-profit organizations.
Sub Recipients
None. |
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Requirements |
| Timeline: Grant application's are due to Housing and Urban Development (HUD) by July 19, 2009. Funds must be fully expended within three years of award. |
| Restrictions: Applicants will have to demonstrate capacity, ability to leverage investment, and ability to achieve neighborhood stabilization. Grants must be given to areas with the highest foreclosure numbers and rates and where the funding can be used within the established timeline. |
| Recipient's matching funds requirement: None. |
| Recipient's administrative allowance: None. |
| Other characteristics: None. |
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*Dollar values displayed on this website are primarily derived from information from the administering federal agencies. Estimates of projected federal distributions are used when the federal guidance or grant awards are still pending. Amounts are rounded to the nearest million. |
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