The Neighborhood Stabilization Program (NSP) was developed by the U.S. Department of Housing and Urban Development (HUD) to implement a portion of H.R. 3221, and was signed into law on July 30, 2008 as the Housing and Economic Recovery Act.  NSP funds provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties in areas of greatest need that might otherwise become sources of abandonment and blight within their communities. HUD considers the implementation of this program an urgent matter.  As such, specific requirements, activities and timelines have been established to ensure local governments use the funds in an expeditious manner.  NSP funds must be obligated with 18 months and used on specific activities that primarily benefit the most impacted neighborhoods. The U.S. Department of Housing and Urban Development (HUD) authorized the City of Springfield to allocate approximately $2.5 million in NSP funds.  In addition the State of Massachusetts has allocated approximately $1 million of its NSP allocation for similar activities in targeted area defined under the Springfield plan.

View the NSP Substantial Amendment-FINAL