Neighborhood Stabilization Program

In August 2008, Congress authorized the Neighborhood Stabilization Program (NSP) as a federal grant under the Housing and Economic Recovery Act of 2008 (HERA).

The purpose of this program is to provide emergency assistance for the acquisition and redevelopment of foreclosed and abandoned properties that might otherwise become sources of abandonment and blight within their communities. The Illinois Department of Human Services (DHS), as the NSP administrator for Illinois, is seeking housing redevelopment project proposals that will help revitalize and stabilize communities that have been the most negatively impacted by foreclosures, high-risk mortgages, and high rates of abandoned or vacant properties.