Neighborhood Stabilization Program

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House for sale


 

Program and Process

 

The Neighborhood Stabilization Program (NSP) is part of the Housing and Economic Recovery Act of 2008 (HERA).  Oregon Housing and Community Services (OHCS) was allocated $19.6 million to administer NSP according to guidelines outlined by HERA and based on the NSP substantial amendment submitted to U.S. Housing and Urban Development (HUD). OHCS awarded 60% of its NSP funds to Community Development Block Grant entitlement communities including the City of Medford.

 

The NSP was created to encourage the purchase and/or redevelopment of foreclosed properties located within eligible areas.   The targeted Block Areas include neighborhoods with high rates of foreclosure and potential for abandonment.  Foreclosed upon refers to a property that under state or local law, the mortgage or tax foreclosure is complete, title for the property has been transferred from the former homeowner.

Click on frequently asked questions for more information about the Neighborhood Stabilization Program.


 

NEIGHBORHOOD STABILIZATION PROGRAM 1 FUNDING IS AVAILABLE FOR A LIMITED TIME

Additional Department Information

Housing and Neighborhood Resources Department Contacts

Hours: 8:00 a.m. - 5:00 p.m.

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