Neighborhood Stabilization Program


For questions or more information, please contact

Debbie Parra
Grants and Projects Analyst
775-687-2041

Neighborhood Stabilization Program

The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized. NSP1, a term that references the NSP funds authorized under Division B, Title III of the Housing and Economic Recovery Act (HERA) of 2008,

provides grants to all states and selected local governments on a formula basis.

NSP3, a term that references the NSP funds authorized under the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010, provides a third round of neighborhood stabilization grants to all states and select governments on a formula basis.

NSP funds may be used for activities which include, but are not limited to: 

  • Establish financing mechanisms for purchase and redevelopment of foreclosed homes and residential properties; 

  • Purchase and rehabilitate homes and residential properties abandoned or foreclosed;
  • Establish land banks for foreclosed homes;
  • Demolish blighted structures;
  • Redevelop demolished or vacant properties

    NSP 1

    NSP 3