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The House passed a bill (HR 861) on Wednesday that would rescind $1 billion of funding under HUD’s Neighborhood stabilization program (nsp). nsp grantees can create "land banks" to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property.

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The Neighborhood Stabilization Program (NSP) was established for the purpose of providing emergency assistance to stabilize communities with high rates of abandoned and foreclosed homes, and to assist households whose annual incomes are up to 120 percent of the area median income (AMI).. The U.S. Congress appropriated three rounds of NSP funding.

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The U.S. House of Representatives voted Wednesday to pull the plug on HUD’s Neighborhood Stabilization Program (NSP) and rescind $1 billion in grant money that has not yet been awarded.

Neighborhood stabilization program recovery from Crisis: Stories and Strategies from NSP These videos showcase nsp progam impact, strategies, and success stories.

Micky talkatively: fielding Abel House Votes to Rescind $1B in neighborhood stabilization grants House Panel Votes to End Obama Foreclosure-Prevention Programs – The House. on the neighborhood stabilization program, which gives federal money to states and localities to restore communities hit by foreclosures and abandoned properties. The.

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and policy meetings with congressional staff and Administration officials. Promise Neighborhoods. New Title I program: $1B set aside for demonstration grants for public school. Rescission of previously appropriated Pell Grant funding.. stability, transition to postsecondary education, and special protections for.

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