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Contact Information
 
Department for Local Government
1024 Capital Center Drive, Suite 340
Frankfort, KY 40601
 
Phone
(502) 573-2382
Toll Free
(800) 346-5606
TDD
(800) 648-6056
FAX
(502) 573-2939
 
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To Enter the SPGE Registration and Financial Disclosure Process
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Neighborhood Stabilization Program

 

 

 

The Neighborhood Stabilization Program (NSP) was established to stabilize communities that have suffered from foreclosure and abandonment. It provides assistance to cities, counties and housing non-profit organizations to acquire and redevelop foreclosed properties that might otherwise become sources of blight within their communities.

NSP-1 was authorized under Title III of the Housing and Economic Recovery Act of 2008. The United States Department of Housing and Urban Development (HUD) administers NSP funds. Kentucky's allocation of $37.4 million was awarded to 22 cities, counties and non-profit housing agencies. NSP funds were used to purchase foreclosed or abandoned properties, which were then rehabilitated, resold or redeveloped in order to stabilize neighborhoods and stem the decline of property values of neighboring homes.

NSP-3 funds are the third round of NSP grants that HUD made available to all states and select units of local government. NSP-3 funds are authorized under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010. HUD has allocated NSP-3 funds on a formula basis where all states, including Kentucky, received a minimum allotment of $5 million of NSP-3 funds. HUD is requiring that these funds be targeted to communities with the most severe neighborhood problems associated with the foreclosure crisis. Kentucky was able to fund six projects with NSP-3.


To download the CODEX for GoToMeeting, please click here.

 

GENERAL PROGRAM INFORMATION: NSP-1
NSP-1 Award Summary (.pdf - 19 kb)
NSP-1 Quarterly Reports
NSP-1 Substantial Amendment/Action Plans

 

GENERAL PROGRAM INFORMATION: NSP-3
NSP-3 Award Summary (.pdf - 12 kb)
NSP-3 Quarterly Reports
NSP-3 Substantial Amendment/Action Plans

 

FORMS and DOCUMENTS
Kentucky NSP Guidelines (.pdf - 134 kb)
Fair Housing/Equal Opportunity/Section 3 Documents
Household Underwriting Forms
Income Limits
Loan Documents
Project Management Forms

 

TRAINING RESOURCES
KY Fair Housing/Affirmative Marketing Presentation Slides (.pdf - 146 kb)
KY Fair Housing/Affirmative Marketing Presentation Webinar (.avi - 91957 kb)
KY Income and Assets Training Webinar (.wmv - 119894 kb)
KY Income and Assets Verification Presentation Slides (.pdf - 10452 kb)
KY URA Workshop Presentation Slides (.pdf - 65 kb)
KY URA Workshop Presentation Webinar (.avi - 64551 kb)