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NSP 2 Awards

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan will announce that HUD is awarding $2 billion in Recovery Act funding to states, local governments and non-profit housing developers, under HUD’s Neighborhood Stabilization Program (NSP), to spur economic development in hard-hit communities and create jobs.  Nearly 60 grantees are receiving awards. A full list of grants awarded today can be found in the attached document.

There were 482 applicants, requesting over $15 billion

Only 322 of those applicants were scored, others failed basic threshold criteria

HUD is willing to hold briefings for those that did not receive a grant

 The awards break down as follows:

 56 TOTAL grants being distributed to 28 states

36 consortium awardees include partners in 18 states

15 local governments

3 national nonprofits (include partnerships across 15 states)

1 national consortium (across 9 states)

1 state


SOURCE: U.S. Department of Housing and Urban Development