As a result of the Housing and Economic Recovery Act of 2008, the U.S Department of Housing and Urban Development (HUD), is allocating $3.92 billion nationally to particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD’s new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight.

Franklin County was awarded $5,439,644 of NSP funds from HUD. This funding is provided through HUD’s Community Development Block Grant (CDBG) program. On November 9, 2008, the county will begin a 15 day public comment period on the proposed NSP plan and will accept public comments through November 24, 2008. The Franklin County Commissioners will hold a briefing on the proposed plan on November 20, 2008 at 9 a.m. in the Commissioners' Hearing Room on the 26th Floor of the Franklin County Courthouse. The county will submit the NSP application to HUD by December 1, 2008. The county’s NSP application and plan will be an amendment to the Consolidated Plan’s 2008 Action Plan.

Neighborhood Stabilization Program Application (Adopted)