House Votes to Rescind $1B in Neighborhood Stabilization Grants

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Neighborhood Stabilization Program Recovery from Crisis: Stories and Strategies from NSP These videos showcase NSP progam impact, strategies, and success stories.

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House Votes to Rescind $1B in neighborhood stabilization grants dsnews | March 16, 2011 The U.S. House of Representatives voted Wednesday to pull the plug on HUD’s Neighborhood Stabilization Program (NSP) and rescind $1 billion in grant money.

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House committee and subcommittee chairpersons sent a letter to the Trump Administration urging it to rescind a Memorandum of Agreement requiring information about sponsors for migrant children be shared by HHS with DHS, where the information is then used to deport a child’s family and loved ones.

The U.S. Congress appropriated three rounds of NSP funding. Congress has not allocated any additional funds to NSP since the third round of funding, and most grantees are in the process of completing activities and closing out their grants. NSP1. NSP1 provided $4.0 billion to 307 state and local governments on a formula basis.

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Neighborhood Stabilization Program The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized.

bill (H.R. 861) to rescind the third round of funding for the Neigh-borhood Stabilization Program and to terminate the program, hav-ing considered the same, report favorably thereon with an amend-ment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following.

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