Wednesday, March 11, 2009

HUD American Recovery and Reinvestment Act of 2009 - Neighborhood Stablization Program CFDA 14.256

Neighborhood Stabilization Program (NSP), round 2. Competitive grants awarded for activities eligible under division B, title III of the Housing and Economic Recovery Act of 2008 (Public Law 110-289, NSP round 1), to address home foreclosure and abandonment and for the provision of capacity building and support for NSP grantees. For programmatic funding, rating factors will include grantee capacity to execute projects, leveraging potential, and concentration of investment to achieve neighborhood stabilization. Applications are due by September 1, 2009.

HUD must issue a NOFA with application requirements no later than May 3, 2009. Grantees will prepare an application and complete citizen participation before submitting to HUD. Applications will be due to HUD not later than 150 days after enactment. HUD will review applications and make awards shortly thereafter. Grantees must expend at least 50 percent of each grant within 2 years and 100 percent within 3 years of grant award. HUD may also utilize a portion of available funding for a competitive technical assistance program to assist NSP grantees.

Additional Information on Eligibility:
States, units of general local government, nonprofit entities, and consortia of nonprofit entities, which may submit proposals in partnership with for profit entities.

Document Type: Grants Notice
Funding Opportunity Number: HUD-RA-04
Opportunity Category: Discretionary
Posted Date: Mar 10, 2009
Creation Date: Mar 10, 2009
Original Closing Date for Applications: Sep 01, 2009 No Application with this Synopsis
Current Closing Date for Applications: Sep 01, 2009 No Application with this Synopsis
Archive Date:
Funding Instrument Type: Grant
Category of Funding Activity: Housing Recovery Act
Category Explanation: No Application with this Synopsis
Expected Number of Awards:
Estimated Total Program Funding: $1,980,000,000
Award Ceiling:
Award Floor:
CFDA Number(s): 14.256 -- CFDA Recovery NSP2
Cost Sharing or Matching Requirement: No

HUD's Recovery Act Program web page

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