HUD's 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. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities 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. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008.
The Landacq Group is eminently suited to facilitate these efforts because we have specialized in providing and facilitating redevelopment and affordable housing efforts. LAG diligently employs a project management approach which includes public-private partnerships, community outreach, and affordable housing project facilitation and management including CDBG program and prevailing wage requirements. |
