Neighborhood Stabilization Program (Recovery Act Funded)

Neighborhood stabilization through acquisition and rehabilitation, land banking, disposition, or demolition of abandoned and foreclosed residential property.

Also, to develop viable urban communities, by providing decent housing and a suitable living environment, and by expanding
economic
opportunities, principally for persons of low and moderate income.


Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Office - See Regional Agency Offices.

Contact appropriate HUD Field Office
listed in Appendix IV of the Catalog.
Website Address

http://www.hud.gov



Program Accomplishments

Fiscal Year 2008: N/A. Fiscal Year 2009: Eligible activities include creation of financing mechanisms to stimulate recovery of foreclosed homes for productive use; housing acquisition, rehabilitation, demolition, and redevelopment; and demolition of blighted properties. Fiscal Year 2010: Eligible activities include creation of financing mechanisms to stimulate recovery of foreclosed homes for productive use; housing acquisition, rehabilitation, demolition, and redevelopment; and demolition of blighted properties.

Uses and Use Restrictions

Recipients may undertake a wide range of activities directed toward neighborhood stabilization.

Applicants develop their own programs and funding priorities as long as programs/activities conform to the statutory standards and program regulations.

Some of the specific activities that can be carried out with Neighborhood Stabilization - 2009
funds include acquisition of real property; relocation; clearance and demolition; land banking, rehabilitation of residential and structures.


In addition, NSP funds may be used to pay for homeownership counseling
within certain limits.

Recipients may partner with or contract with other local agencies or nonprofit organizations to carry out part or all of their programs.
All eligible activities must benefit persons whose income is at or below 120 percent of area median income.


No funds may be used for ineligible activities or those that do not benefit the target populations.

All funds must be used within 3 years of the date funds are available to the grantee for bligation.

All eligible activities must benefit persons whose income is at or below 120 percent of area median income.


No funds may be used for ineligible activities or those that do not benefit the target populations.

All funds must be used prior to statutory deadline[A1].



Eligibility Requirements

Applicant Eligibility

Government - General: Construction/Renewal/Rehabilitation.

State (includes District of Columbia, public institutions of higher education and hospitals): Construction/Renewal/Rehabilitation.

Local (includes State-designated lndian Tribes, excludes institutions of higher education and hospitals: Construction/Renewal/Rehabilitation.

Public nonprofit institution/organization (includes institutions of higher education and hospitals): Construction/Renewal/Rehabilitation.

Private nonprofit institution/organization (includes institutions of higher education and hospitals): Construction/Renewal/Rehabilitation

Beneficiary Eligibility

Low Income

Credentials/Documentation

Costs will be determined in accordance
with OMB Circular No. A-87 for State and local governments or A-122 for nonprofit entities. OMB Circular No. A-87 applies to this program.

Aplication and Award Process

Preapplication Coordination

A grantee is required to
publish[A2] a proposed application which includes a description of activities in sufficient detail, including location or targeted areas, to afford affected citizens an opportunity to submit views and comments prior to the preparation of a submission; prepare and submit a final application to HUD.

This program is covered under E.O.

12372, "Intergovernmental Review of Federal Programs." Recipients should consult the office or the official designated as the single point of contact in its respective State for more information on the process the
State requires to be followed when funds are used for the planning or
the construction (reconstruction or rehabilitation) of water or sewer facilities.

Environmental impact information is not required for this program.

This program is eligible for coverage under E.O.

12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review.

Application Procedures

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Submit an application, SF Form 424, and certifications to HUD. The application must include the elements required in the notice of fund availability, including the proposed use of the funds. If the grantee makes a complete submission within the established deadlines, the Department will review and score the application. If the proposal is selected, HUD will make an award.

Award Procedures

To be announced.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

American Recovery and Reinvestment Act of 2009, Public Law 111-5.

Range of Approval/Disapproval Time

From 60 to 90 days. NOFA must be issued no later than 75 days after enactment of ARRA. HUD must award funds within 150 days after enactment and obligate all funds within one year of enactment.

Appeals

To be announced.

Renewals

None.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula.This program has no matching requirements. This program does not have MOE requirements.

Length and Time Phasing of Assistance

Funds remain available for obligation by the agency until September 30, 2010. Grantees are to expend 50 percent of funds allocated within two years of the funds being made available by the agency and 100 percent of funds within three years. See the following for information on how assistance is awarded/released: No information provided.

Post Assistance Requirements

Reports

Program reports are not applicable.

Cash reports are not applicable.

Progress reports are not applicable.

Expenditure reports are not applicable.

Performance targets initially submitted in the disaster recovery grant reporting system (DRGR), then reported on quarterly by grantee.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of State and Local Governments and Nonprofit Organizations," nonfederal entities that expend $500,000 or more in Federal awards in a year shall generally have a single audit conducted for that year. (The auditee may elect to have a program-specific audit conducted under certain limited circumstances.)

Records

Per The applicant must maintain records with regard to
eligibility, national objectives, financial management, citizen participation, relocation, other resources, acquisition, housing
assistance to units and households, equal opportunity, environmental impact, labor standards and other requirements set forth in regulations.
Records shall be retained for four years after submission of the report
in which the activity is reported as completed, except as otherwise prescribed in the published regulations.

Financial Information

Account Identification

86-0161-0-1-451 - 86-0161 2009/2010.

Obigations

(Project Grants) FY 08 $0; FY 09 est $0; FY 10 est $2,000,000,000

Range and Average of Financial Assistance

To be announced.

Regulations, Guidelines, and Literature

Administrative Regulations for Community Development Block Grants, 24 CFR 570, and published Federal Register Notices.

Information Contacts

Regional or Local Office

See Regional Agency Offices. Contact appropriate HUD Field Office
listed in Appendix IV of the Catalog.

Headquarters Office

Community Planning and Developmen 451 7th Street, S.W., Washington 20410 Email: Jessie.handforth.kome@hud.gov Phone: (202) 708-3587

Criteria for Selecting Proposals

To be announced. Will be delineated in the NOFA. Statute directs that criteria will include at minimum capacity to execute projects, leveraging potential, and concentration of investment to achieve neighborhood stabilization.



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