Neighborhood Stabilization Program

The new Neighborhood Stabilization Program will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. Funds will be used to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.

Please contact Chris Thompson at (804) 371-7056 or chris.thompson@dhcd.virginia.gov with any questions.

Neighborhood Stabilization Program 2

• Draft Proposal for Comment (Comments will be accepted through July 12, 2009.  Please respond per the enclosed instructions)
• Neighborhood Stabilization Program 2 – Interchange
• Neighborhood Stabilization Program 2 – Foreclosure Needs Map

Neighborhood Stabilization Program 1

• Neighborhood Stabilization Program Grant Management Manual
  • Table of Contents for Appendices
  • 1-50 Appendices
• Virginia NSP Competitive RFP
  • Virginia NSP Competitive How to Apply Slide Presentation
• Frequently Asked Questions last updated on 05/1/09
• Customizable Homeownership Brochure
• Foreclosed Property Contacts
• Neighborhood Stabilization How to Apply Workshop Presentation
• Sample Transaction Process
• Virginia Neighborhood Stabilization Program Input Session presentation >> Powerpoint
• Governor’s Housing Conference Presentation
• Action Plan
• Input Session Comments – October 23, 2008
• U.S. Department of Housing and Urban Development – Neighborhood Stabilization Program
• Neighborhood Stabilization Program Data -
• Foreclosure Studies