The Neighborhood Stabilization Program (NSP) funds are distributed by the U.S. Department of Housing and Urban Development (HUD) and was established for the purpose of stabilizing communities and assisting in the redevelopment of abandoned and foreclosed homes and residential properties. Greenville County was awarded a total of $2,262,856. All of the funds from the NSP are made available to benefit individuals and families whose income does not exceed 120 percent of the area median income; however, a minimum amount of $565,714 will be dedicated for families at or below 50 percent of the area median income. An NSP grantee must use or obligate funds to purchase and redevelop abandoned and foreclosed homes and residential properties no later than 18 months after execution of the grant agreement. GCRA is designated as the administrator of Greenville County’s NSP funds.
ELIGIBLE USES - Funds made available under this Act shall be used to on the following activities:
In compliance with the U.S. Department of HUD under PUBLIC LAW 110–289—JULY 30, 2008, Sec. 2301 (122 Stat 2850 ff) Title III, Division B of the Housing and Economic Recovery Act of 2008 (HERA), GCRA submitted a Substantial Amendment to 2008 Annual Action Plan to consist of activities planned for the County’s NSP fund. Click here to view the NSP Budget.
Click to view GCRA's Fiscal Year 2009, 2010, and 2011 NSP Quarterly Reports: