Neighborhood Stabilization Program

On September 26, 2008, the U.S. Department of Housing and Urban Development (HUD) announced that the County of Riverside would receive $48,567,786 as part of the Neighborhood Stabilization Program (NSP). This allocation will be provided through HUD's Community Development Block Grant (CDBG) program under the Housing and Economic Recovery Act of 2008. These targeted funds will be used to acquire foreclosed homes; demolish or rehabilitate abandoned properties; and/or to offer down-payment and closing cost assistance to low to moderate-income homebuyers.

In order to receive the NSP funding, the County is required to process a Substantial Amendment to the 2008-2009 One Year Action Plan, effectively adding the NSP to the 2008-2009 CDBG allocation.

Notice of Funding Availability 

• NSP Housing Programs and Notice of Funding Availability (NOFA)

Download Substantial Amendment Final

• Neighborhood Stabilization Program Substantial Amendment [PDF-6 MB]

NSP Performance Report

• Quarterly Performance Report 04/01/10-06/30/10 [PDF-172KB]
• Quarterly Performance Report 01/01/10-03/31/10 [PDF-140KB]
• Quarterly Performance Report 10/01/09-12/31/09 [PDF-125KB]
• Quarterly Performance Report 07/01/09-9/30/09 [PDF-150KB]
• Quarterly Performance Report 4/01/09-6/30/09 [PDF-129KB]

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